India’s Green Energy Milestone: 50 Solar Parks Approved in 12 States
The Indian government has made significant strides in renewable energy, particularly solar power, with the approval of 50 solar parks across 12 states as of November 30, 2023. This initiative falls under the “Development of Solar Parks and Ultra Mega Power Projects” scheme, a major effort towards sustainable energy. These solar parks collectively boast an […]
Unblocking Stalled Projects: NaBFID Proposes Reviving S4A to Breathe Life Back into Struggling Infrastructure
Rajkiran Rai G, the Managing Director of the National Bank for Financing Infrastructure and Development (NaBFID), has advocated for the re-introduction of the Scheme for Sustainable Structuring of Stressed Assets (S4A). This move is aimed at aiding the future of infrastructure finance. Introduced by the Reserve Bank of India (RBI) in 2016 and concluded in […]
Platforms on Notice: Govt Warns Against Hosting Fraudulent Loan App Ads, Calls for Immediate Action
New Delhi, December 2023 – The Indian government has taken a stringent stance against the proliferation of fraudulent loan apps, instructing social media and other online platforms to cease hosting advertisements for these apps. Union Minister Rajeev Chandrasekhar, representing the Ministry of Electronics and Information Technology, announced this directive, highlighting the government’s commitment to cracking […]
No More Backroom Deals: Commerce Ministry Pushes for Open and Transparent Export Leadership Selection
The Commerce Ministry of India has recently proposed new bye-laws for the election of office-bearers for all Export Promotion Councils (EPCs), including the apex exporters’ body, the Federation of Indian Export Organisations (FIEO). This significant move is aimed at making the election process more inclusive and representative of various stakeholders. Key aspects of the proposed […]
Wardwizard Foods to Expand Operations Following MoU with Gujarat Government
Wardwizard Foods and Beverages Limited, a major player in the food and beverages industry, has recently inked a significant Memorandum of Understanding (MoU) with the Government of Gujarat. This landmark agreement, formalized on December 13, 2023, marks a pivotal moment in the expansion of food manufacturing capabilities within the state. Under the terms of this […]
South Korea Signs Free Trade Agreement with CC
The Gulf Cooperation Council (GCC) recently made a significant advancement in its trade relations by finalizing a free trade agreement (FTA) with South Korea. This move is part of the GCC’s ongoing efforts to diversify its economy and enhance its global trade connections. The agreement, which has been under negotiation since 2007, experienced a hiatus […]
Intel’s $25 Billion Chip Plant Project Receives $3.2 Billion Grant from Israel Amid Conflict
In a significant move for the technology industry, Israel’s government has agreed to grant Intel a sum of $3.2 billion to establish a new $25 billion chip plant in southern Israel. This decision marks the largest investment by a company in Israel’s history. Intel has been a significant presence in Israel since 1974 and currently […]
AIIB Leads the Way with INR 2.5k Crore Funding for Mahindra-OTPP’s Green InvIT
The Asian Infrastructure Investment Bank (AIIB) has emerged as a leading financier in a significant investment initiative for Mahindra OTTP’s Green Infrastructure Investment Trust (InvIT). The AIIB’s investment amounts to a substantial Rs 2,500 crore, marking a pivotal moment in the development of sustainable infrastructure within India. This investment is particularly focused on Mahindra Susten, […]
Charging Ahead: Government Supercharges Local EV Industry
In recent years, the Indian government has taken significant steps to enhance the local manufacturing of electric vehicles (EVs) and to reduce the country’s dependence on imports. These initiatives aim to create a robust ecosystem for electric vehicles, contributing to environmental sustainability and economic growth. FAME India Phase II Scheme: Launched in April 2019 with […]
Gujarat to Surge in Energy and Ports, Thanks to Essar’s ₹55,000 Crore Investment
The project is expected to create over 10,000 job opportunities, contributing significantly to local employment and skill development.