RVNL record Order Book of Rs 65,000 Crore, Expands Overseas
RVNL, a public sector undertaking under the Ministry of Railways, has achieved a record order book of Rs 65,000 crore and is expanding its presence in foreign markets. The company, which is involved in project development, financing and implementation of rail infrastructure projects, has diversified its portfolio to include Vande Bharat trains, metro projects, electrification […]
Braithwaite Rs 180 Crore Railway Deal: 500 Wagons
Braithwaite & Co Ltd, a central public sector undertaking, has bagged an order worth Rs 180 crore from the railways to supply 500 BCVM-C type wagons, also known as brake vans. This is a significant achievement for the company, which has been diversifying its business portfolio and enhancing its order pipeline. What are BCVM-C type […]
SEZs to Benefit from RoDTEP Scheme: Study
A recent study by the Global Trade Research Initiative (GTRI) has revealed that the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme, which provides tax refunds to exporters, may lead to overcompensation for import intensive exports from SEZs. The study also suggests that the scheme may boost the competitiveness and profitability of SEZ […]
India Ranks Second in MSCI Global Weightage, After China
India’s weightage in the MSCI Global Standard Index has reached a record high of 18.2% in the latest February review by MSCI. This is the second-highest weightage in the index after China, which is at 23%. India’s performance in the global market is driven by several factors, such as its corporate earnings growth, macroeconomic outlook, […]
CDSCO New Sampling Guidelines for Drug and Cosmetic Quality
The Central Drugs Standard Control Organisation (CDSCO), the apex drug regulator in India, has issued new guidelines for effective surveillance for quality and efficacy of drugs and cosmetics available in the market by adopting a uniform drug sampling methodology. The guidelines, notified on February 9, 2024, aim to cover a vast variety of drugs, cosmetics […]
Prabhaav : SIDBI’s Insight into Fund of Funds for Startups
The Small Industries Development Bank of India (SIDBI) has launched a report titled Prabhaav, which evaluates the impact of its Fund of Funds for Startups (FFS) on the Indian startup ecosystem. The report, prepared by CRISIL, a leading analytics company, reveals the positive outcomes of the FFS scheme on various aspects such as capital flow, […]
MGNREGA Reduces Gender Wage Gap in Rural India: ILO
A recent working paper by the International Labour Organisation (ILO) has found that the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has played an important role in reducing the gender wage gap and increasing compliance with minimum wage norms in rural areas of India. MGNREGA and rural employment The paper, titled “Employment and wage […]
Migration Agreement Signed Between India and Taiwan
India and Taiwan have signed a migration and mobility agreement that will enable Indian workers to find employment opportunities in various sectors in Taiwan. The agreement is a reflection of the growing cooperation and mutual interest between the two sides. Why Taiwan Needs Migrant Workers Taiwan is facing a shortage of workers in industries such […]
India Advocates for Cheaper Cross-Border Payments at WTO
India has proposed a work programme at the World Trade Organization (WTO) to lower the Cross-Border Payments for promoting international trade. In a submission made on Tuesday, New Delhi said one of the means to achieve cheaper, faster and more transparent and accessible cross-border payments including remittances is “promoting interoperability and interlinkages of digital payment […]
FCI Authorised Capital Raised to Rs 21,000 Cr by Govt
The central government has increased the authorised capital of the Food Corporation of India (FCI) from Rs 10,000 crore to Rs 21,000 crore, according to a notification issued by the Ministry of Food on Friday. This move aims to provide additional equity capital to support the foodgrains stock held by the government-owned firm. What is […]