October SIP inflows top ₹25,000 crore
Despite a not so memorable October for the Stock Markets, SIP inflows crossed ₹25,000 crore, for the first time, showing continued faith in the economy. (FE) ...
Economic News
Centre nudges Ministries to step up Capex.
In FY25, the Govt set a target of spending ₹11.11 crore as Capital Expenditure. In the 1st half, it spent only ₹4.15 crore. Expect to see some new measures to boost expenditure. (FE) ...
FDI Equity inflows
Where is Foreign Direct Investment (FDI) Equity flowing in? Construction Infrastructure and Non-conventional energy are up. Telecom, Chemicals, and Drugs & Pharma are down. (Mint) ...
Smartphones Export from India
Where are Made in India smartphones being exported? The Top 3 countries are: USA, Netherlands and UAE.The fastest growing markets are: Japan and Mexico! (FE) ...
India becomes the biggest fuel supplier to EU
India becomes the biggest fuel supplier to European Union countries! Exports of fuel like Diesel jumped 58% in the period Jan-Sep 2024. (FE) ...
Why is RBI bringing back Gold to India
A perspective on why RBI is bringing Gold Reserves back to India. (NIE) ...
Boost to Medical Device Industry
The Government has allocated ₹500 crore to be utilised over 3 years to promote the Medical Device industry. (BS) ...
Goldman Sachs to fund Women Entrepreneurs
Goldman Sachs says it will help 200 women entrepreneurs raise ₹850 crore! (ET) ...
Demat Account Growth in October 2024
While the number of Demat accounts has grown from 175.43 mn in Sep, to 178.88 mn in Oct, the rate of month on month growth has slowed down from 4.5% to 3.5% (FE) ...
India's Exports to cross $800 bn in FY25
Goods and Services Exports from India, are expected to cross $800 bn in FY25. (FE) ...
Vegetarian Thali gets 20% more expensive
A Vegetarian Thali got 20% more expensive in October 2024, due to an increase in the price of vegetables. (FE) ...
Rise in Silver Imports
There's been a 5x rise in Silver imports from Apr-Sep 2024. This is due to an increased demand from solar panel & electronics makers! (FE) ...
Inland Fish Production
The inland fish production in the country, during last nine years, witnessed the annual growth rate of 8.78% and registered the highest inland fish production of 131.13 Lakh tonnes in 2022-23. Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of I ...
Micron
The construction of US chipmaker Micron’s semiconductor unit is going on in full swing at Sanand in Gujarat and is expected to be completed in about 12 months. Union Cabinet had approved the proposal of Micron for setting up a semiconductor unit in India with capital investment o ...
6th India-Ethiopia Joint Trade Committee held in Addis Ababa
The 6th Session of India-Ethiopia Joint Trade Committee (JTC) was conducted in Addis Ababa, Ethiopia from 6-7 November, 2023. Both India and Ethiopia agreed to expeditiously address all issues impeding bilateral trade and facilitate trade promotion between the two countries. The Indian side invit ...
India's coal production grows 12.73 per cent
During current financial year till 21st October, 2023, coal production in the country has shown a growth of 12.73% compared to the same period during last year, according to the latest figures. The percentage of production growth of Coal India Ltd (CIL) is 11.80%, 8.45% in SCCL and tha ...
Food production for 2022-23 estimated at record 329 million tonnes
The Final Estimates of production of major crops for the year 2022-23 have been released by the Department of Agriculture and Farmers Welfare. As per Final Estimates for 2022-23, total Foodgrain production in the country is estimated at record 3296.87 Lakh tonnes which is higher by 140.71 L ...
India Keen to Increase Share of Manufacturing in GDP from 17% to 25%
Manufacturing sector currently comprises 17% of the nation’s GDP and over 27.3 million workers. According to Hardeep Singh Puri, Minister of Petroleum & Natural Gas and Housing & Urban Affairs, India is ready and keen to increase the share of manufacturing to 25% by 2025. Referri ...
India retains 40th rank in the Global Innovation Index 2023
India retains 40th rank out of 132 economies in the Global Innovation Index 2023 rankings published by the World Intellectual Property Organization. India has been on a rising trajectory, over the past several years in the Global Innovation Index (GII), from a rank of 81 in 2015 to 40 in 2023. ...
Gati Shakti Vishwavidyalaya signs MoU with Airbus
Airbus and the Vadodara-based Gati Shakti Vishwavidyalaya (GSV) have entered into collaboration entered into collaboration to significantly strengthen the Indian aviation sector. An MoU (Memorandum of Understanding) was signed. The partnership will enable co-development and co-deli ...
IEPFA Celebrates 7th Foundation Day in New Delhi
The Investor Education and Protection Fund Authority (IEPFA), in collaboration with Institute of Company Secretaries in India (ICSI) and National Council of Applied Economic Research (NCAER), held a conference on “Understanding the Psychology of Scams: How to Avoid Fraudulent Schemes”, i ...
CBDT Signs 95 APAs in FY2022-23
The Central Board of Direct Taxes (CBDT) has recently released the fourth and fifth annual Advance Pricing Agreement (APA) reports. The reports present key data and statistics pertaining to the APA programme. These include sectoral distribution of applicants, nature of transactions covered, transfer ...
India
India’s overall exports (Merchandise and Services combined) in June 2023 is estimated to be USD 60.09 Billion, exhibiting a negative growth of (-) 13.16 per cent over June 2022. Overall imports in June 2023 is estimated to be USD 68.98 Billion, exhibiting a negative growth of (-) 13.91 per cen ...
Energy Sector Report of BEE
The Union Ministry of Power has released a comprehensive energy sector report titled National Energy Data: Survey and Analysis 2021-22 The report is the maiden report of Energy Data Management Unit, set up under Bureau of Energy Efficiency, Ministry of Power, Government of India. Release ...
ADB, India sign $130 million loan to promote horticulture in Himachal Pradesh
With a view to boosting agricultural productivity and horticulture agribusinesses, the Government of India and the Asian Development Bank (ADB) have signed a $130 million loan on 8th June 2023. The signing ceremony for the Himachal Pradesh Subtropical Horticulture, Irrigation, and Value Additio ...
Overall Mineral Production Increases by 6.8 % in March, 2023
The index of mineral production of mining and quarrying sector in India for the month of March, 2023 at 154.2, is 6.8% higher as compared to the level in the month of March, 2022. According to the provisional data of Indian Bureau of Mines (IBM), the cumulative growth for the period April- ...
Data organization PPAC celebrates its 22nd Foundation Day
On 3rd April 2023, Petroleum Planning & Analysis Cell (PPAC) celebrated its 22nd Foundation Day at Scope Complex Convention Centre, Lodhi Road, New Delhi. What is PPAC? PPAC is a data backbone of Ministry of Petroleum & Natural Gas. PPAC maintains data bank on oi ...
Economic Survey 2023 Presented
India's Finance Minister Nirmala Sitharaman on Tuesday tabled in parliament the Economic Survey 2022-2023. A flagship document of the government, the Economic Survey reviews how the economy performed in this fiscal year and the road ahead for the next fiscal. The Finance Minister tabled ...
UK named country partner for BioAsia 2023
United Kingdom (UK) has partnered with global business firm BioAsia which is all set to organize the 20th edition of the largest event in the biotechnological industry of Asia. The BioAsia 2023 will be held from February 24 to 26 in Hyderabad. UK’s life sciences industry is home to ov ...
BharatPe can now operate as payments aggregator
Fintech unicorn BharatPe recently announced that it has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator. The RBI’s authorization was granted to the company’s wholly-owned subsidiary, Resilient Innovations Private Ltd. This P ...
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