PHDCCI Report Unveils Strategies to Propel India’s Exports to US$2 Trillion by 2030
This report, titled “India’s Emerging Export Dynamics: Vision $2 Trillion Exports by 2030”, emphasizes several key areas for enhancing India’s export capabilities.
A New Era of Indian Innovation: 41,010 Patents in 2023-34
In a momentous announcement, Commerce and Industry Minister Piyush Goyal revealed that the Indian Patent Office granted an unprecedented 41,010 patents up to November 15, 2023-34.
IndusInd Bank and Indraprastha Gas Pioneer Digital Rupee Payments in Delhi NCR
The collaboration between IndusInd Bank and IGL will empower customers to make seamless payments for their CNG bills using Digital Rupee at designated IGL stations across Delhi NCR.
India’s Urgent Need for 2 Billion Sq Ft in Healthcare Real Estate
The country needs an additional 2 billion square feet of space to meet the needs of its existing population, which stands at 1.42 billion. This need is further underscored by the deficit of 2.4 million beds required to reach the standards set by the World Health Organization (WHO).
Zomato and Swiggy Slapped with Rs 500 Crore GST Each: A Deep Dive into the Legal Battle
Each company has received a Goods and Services Tax (GST) notice amounting to Rs 500 crore over the classification of their delivery fees. This dispute centers on a total of nearly Rs 1000 crore related to the delivery charges collected from customers.
The Business Implications of RBI’s eCOM and Insta EMI Card Ban for Bajaj Finance
The recent action by the Reserve Bank of India (RBI) against Bajaj Finance, involving the suspension of its two lending products ‘eCOM’ and ‘Insta EMI Card’, has created a significant buzz in the financial sector.
“Coal No More: Unpacking India’s Bold Move to End Coal Imports and Embrace Renewable Energy by 2026”
India recorded a significant increase in coal production, reaching approximately 785.24 million tonnes (MT) in the financial year 2022-2023 (up to February 2023), marking a 15.14% growth compared to the same period in the previous year. In the financial year 2021-2022, the total coal production was 778.19 MT, compared to 716.08 MT in 2020-2021, showing an 8.67% growth.
“From Farm to Foreign Shores: India Enhances Global Trade with Advanced Sea Shipping for Produce”
India is the world’s largest banana producer, accounting for 26.45% of global production. However, its share in the global export market is only 1%. In 2022-23, banana exports from India were valued at USD 176 million. The export of mangoes has also seen a significant increase, with a 19% rise to USD 47.98 million during April-August. The main export destinations include the US, Japan, New Zealand, Australia, and South Africa. The overall exports of fruits and vegetables grew by about 13% to approximately USD 2 billion during April-October of the fiscal year.
“Challenges in the Indian Railways: A Closer Look at the Numbers”
The Indian Railways (IR), one of the world’s largest railway networks, has always played a crucial role in the country’s economic development. However, recent data suggests that this vital institution is facing some significant challenges
“Surge in Employment: EPFO Adds 1.72 Million Members in September, Signaling Economic Upswing”
About 8.92 lakh new members joined EPFO in this month. Notably, the age group of 18-25 years constituted 58.92% of these new enrollments, indicating a significant influx of first-time job seekers into the formal sector.