The world’s largest retailer, Walmart, is increasingly turning towards India for imports while reducing its dependence on China. The shift aims to lower costs and diversify the supply chain. As per a Reuters report, the data from Import Yeti revealed that between January 2023 and August 2023, 25 per cent of US imports were from India. If … Read more
Adani Enterprises Limited, through its subsidiary Kutch Copper, marked a milestone today with the commissioning of the first unit of its greenfield copper refinery project in Mundra. According to a press release, the maiden dispatch of cathodes to customers signals the commencement of operations at the state-of-the-art facility, representing Adani’s foray into the metal industry. … Read more
In the world of scientific research, gender inclusivity has long been a challenge, not only in India but worldwide. The Science and Engineering Research Board’s (SERB) POWER (Promoting Opportunities For Women in Exploratory Research) Schemes under the Department of Science & Technology of the Government of India have become a beacon of change in this … Read more
The first made-in-India memory chip will roll out from the Micron plant in Gujarat by the end of the year due to a successful agreement the state government struck with South Korean firm Simmtech. The company which produces high-layer printed circuit boards for semiconductors would establish operations to assist Micron’s semiconductor plant in Gujarat, union … Read more
India has made significant strides in terms of reducing poverty on a multidimensional level. As per the discussion paper released by NITI Aayog, there has been a remarkable decline from 29.17% in 2013-2014 to 11.28% in 2022-23. The numbers translate to approximately 24.82 crore people escaping poverty during this period. The data is based on the … Read more
In a push-back against allegations of fiscal bias against Congress-ruled Karnataka and non-provision of funds, Union Finance Minister Nirmala Sitharaman said on Sunday every penny due to the state is accounted for and was released on time. Speaking at an informal interaction organised by the Thinkers Forum here in the Karnataka capital, Sitharaman said, “The … Read more
Production Linked Incentive (PLI) Schemes launched by the Modi government has resulted in over Rs. 1.03 lakh crore of investment till November 2023, the Ministry of Commerce & Industry said on Wednesday, 17th January 2024. A statement issued by the ministry said that this has led to production/ sales of Rs. 8.61 lakh crore and … Read more
As India’s Prime Minister Narendra Damodardas Modi looks to secure a third term in 2024, most would agree that his strongest suits have been infrastructure push and last-mile delivery of welfare schemes. Now, PM Modi’s Bharatiya Janata Party (BJP) can add exchange rate management to the list. The Indian rupee (INR, ₹) held steady … Read more
The Reserve Bank of India on 20 March advised all banks dealing with government transactions to open their branches on 31st March, Sunday. The central bank issued the advisory to the agency banks at the request of the union government. The Government of India requested all agency banks to keep their branches dealing with government receipts and … Read more
The High-Level Committee on ‘One Nation One Election’ led by former President Ram Nath Kovind in its report recommended that in the event of a hung House, a no-confidence motion constitutes the new House, fresh elections may be held for the remainder of the five-year term. Where fresh elections are held for the House of … Read more