India: Summary of the Union Budget 2024-2025
NEW DELHI: Despite global economy remaining under the grip of policy uncertainties, India’s economic growth continues to be the shining exception and will remain so in the years ahead. Minister of Finance and Corporate Affairs, Nirmala Sitharaman, while presenting the Union Budget 2024-25 in Parliament today said that India’s inflation continues to be low, stable […]
India Eyes $2 Trillion in Exports by 2030 Amidst Policy Revisions
NEW DELHI: The Director General of Foreign Trade (DGFT) indicated on Friday that export projections for the current fiscal year are still being finalized. This comes amidst ongoing efforts to ease business operations and realize the ambitious target of $2 trillion in exports by 2030. In FY’24, total exports recorded a slight gain, reaching USD […]
India Permits Rice Exports to Africa Amid Domestic Ban
NEW DELHI: In a strategic move to support global food security, the Indian government has authorized the export of 2,000 tonnes of non-basmati white rice to Malawi and Zimbabwe. The Directorate General of Foreign Trade (DGFT) confirmed this in a recent notification. Although India banned non-basmati white rice exports in July 2023 to stabilize domestic […]
India over the Moon as ISRO scripts history Chandrayaan-3 first spacecraft to land on lunar south pole
BENGALURU: India has reached where no nation has gone before. In a giant leap for its space programme, India’s Moon mission Chandrayaan-3 touched down on the lunar south pole at 6.04 pm on Wednesday, propelling the country to an exclusive club of four and making it the first country to land on the uncharted surface. […]
India world’s fastest growing economy due to Narendra Modi government’s visionary efforts: BJP
NEW DELHI: Indian economy is not only propelling the growth of the country but has also become an engine of growth for the global economy due to “concerted and visionary efforts” of the government, the BJP said on Tuesday. Addressing a press conference, BJP national spokesperson Gopal Krishna Agarwal claimed India’s gross domestic product (GDP) […]
India ready to share strengths and successes with the world: Ambassador Taranjit Singh Sandhu
WASHINGTON: India, the current G-20 president, is ready to share its strengths and successes with the world, its envoy here has said, asserting that the India-US partnership will not only benefit the two countries, but its rewards will be reaped around the globe. India assumed the year-long presidency of the G-20 in December last year […]
India’s Finance Ministry tightens definition of ‘beneficial owners’ under PMLA
NEW DELHI: India’s Finance Ministry has tightened the definition of beneficial owners under the anti-money laundering law, mandating reporting entities like banks and crypto platforms to collect information from their clients. As per the amendments to the Prevention of Money Laundering Act (PMLA), 2002 any individual or group holding 10 per cent ownership in the […]
FedEx to open first advanced capability community in India
NEW DELHI: FedEx has announced plans to open its first Advanced Capability Community (ACC) in Hyderabad, India in 2023. The opening is part of a broader multi-year initiative to strengthen the recruitment and development of the company’s diverse workforce all around the world and build a more efficient and agile organization to enhance how we […]
India’s GST collections rise 12% to Rs 1,49,577 crore in February
NEW DELHI: The gross GST revenue collected in the month of February 2023 is Rs 1,49,577 crore of which CGST is Rs 27,662 crore, SGST is Rs 34,915 crore, IGST is Rs 75,069 crore (including Rs 35,689 crore collected on import of goods) and Cess is Rs 11,931 crore (including Rs 792 crore collected on […]
Narendra Modi inaugurates Aero India 2023 in India’s Bengaluru
NEW DELHI: Prime Minister Narendra Modi inaugurated the 14th edition of Asia’s biggest aero show – Aero India 2023 – at Air Force Station, Yelahanka in Bengaluru on February 13, 2023. A commemorative stamp was also released by the Prime Minister on the occasion. The five-day event, on the theme ‘The runway to a billion […]
In India’s well-being lies world prosperity: Narendra Modi at investors’ summit
NEW DELHI: Prime Minister Narendra Modi said the guarantee to world’s prosperity lies with India, as he pitched Uttar Pradesh as a major destination for foreign investment. Welcoming foreign delegates and Indian industry leaders to the three-day Uttar Pradesh Global Investors Summit, Modi linked the world’s economic well-being to that of India. The world’s prosperity […]
India’s long endurance UAV to make flying debut at Aero India Show
NEW DELHI: The DRDO-developed Medium Altitude Long Endurance class unmanned aerial vehicle TAPAS-BH (Tactical Aerial Platform for Advanced Surveillance – Beyond Horizon) will make its flying debut at ‘Aero India’ here next week. The TAPAS-BH will showcase its capabilities and there will be static as well aerial displays on the business days of the five-day […]
Twitter Blue plans announced in India: Pay Rs 900 per month for blue tick
NEW DELHI: Microblogging site Twitter on Thursday announced the subscription plans for Twitter Blue in India. The users in India will have to pay to keep their Twitter Blue subscription active and use the additional features. To use the Twitter Blue services in India on android mobile or iPhones, users would need to pay Rs […]
India:Union Budget 2023-24 Highlights
NEW DELHI: India’s Finance and Corporate Affairs Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament today. The highlights of the Budget are as follows: PART A Per capita income has more than doubled to ₹1.97 lakh in around nine years. Indian economy has increased in size from being 10th to 5th largest in […]
Fraud cannot be obfuscated by nationalism: Hindenburg on Adani ‘loot’
NEW DELHI: US short seller Hindenburg Research has rejected Adani Group’s charge that its report was an attack on India, saying a “fraud” cannot be obfuscated by nationalism or a bloated response that ignored response to key allegations. Commenting on the 413-page response Adani Group released late on Sunday evening in response to its report, […]
India’s G20 presidency: B20 meet in Gujarat to discuss climate, innovation
AHMEDABAD: The Business 20 (B20) inception meeting being organised in Gujarat’s Gandhinagar city from Sunday as part of India’s G20 presidency will deliberate on issues ranging from climate change, innovation, global digital cooperation and resilient global value chains, officials said here. As part of the three-day meeting, delegates will be taken for a visit to […]