December 03, 2024
263,050 metric tonnes (MT) of organic food products have been exported as of November 25 this year: Union Minister, Navneet Singh Bittu
India’s organic food products export reached $447.73 million in the first eight months of this fiscal (FY25): Union Minister, Navneet Singh Bittu
India’s organic food products export in FY25 is on track to surpass last year’s total export of $494.80 million: Union Minister, Navneet Singh Bittu
December 03, 2024
As of November 30, 2024, electric vehicle retail sales crossed 10.7 lakh, up 37% year-on-year: Vahan Portal
Festive cheer continues in India with EV two-wheeler sales crossing the 1 million mark as of November 2024 for the first time in a calendar year: Vahan Portal
In October 2024, the domestic electric two-wheeler (E2W) market witnessed a month-on-month (MoM) growth of nearly 54 percent: Vahan Portal
December 03, 2024
As many as 23 of the 28 states availed the interest-free facility provided by the Union government during the ongoing fiscal: Pankaj Chaudhuri, MoS Finance
The centre has released ₹50,571.42 crore to states as part of its ‘special assistance for capital investment during Apr-Nov: Pankaj Chaudhuri, MoS Finance
26 of 28 states availed as much as ₹109,554.32 crore under centre’s ‘special assistance for capital investment’ scheme in FY24: Pankaj Chaudhuri, MoS Finance
December 03, 2024
Since its inception nine years ago, PRAGATI has had an outsized impact on India’s infrastructure development: Oxford University Report
An Oxford University study lauds the leadership of PM Modi and his signature PRAGATI platform for the acceleration of 340 key infrastructure projects in India worth 201 billion dollars
By June 2023, 340 projects worth INR 17.05 lakh crore ($205 billion) had gone through the PRAGATI review process: Oxford University Report
December 03, 2024
More than 88 lakh houses have been delivered under Pradhan Mantri Awas Yojana (Urban)
The Ministry of Housing and Urban Affairs has launched PMAY-U 2.0 'Housing for All' Mission to construct, purchase, and rent 10 million houses
Over 1.18 crore houses have been sanctioned by the Ministry of Housing and Urban Affairs till November 18
December 03, 2024
Investment in Indian real estate by Alternative Investment Funds (AIFs) has touched nearly ₹75,500 crore in more than a decade, the highest among all sectors: Anarock
The Alternative Investment Funds (AIFs) have shown impressive growth in India over the last ten years: Anarock
Out of a total of ₹4,49,384 crore AIF investments made across sectors till H1, FY2025 (till September of this fiscal), real estate’s share was the highest at 17 per cent: Anarock
December 03, 2024
Since June this year more than 19,000 Indian and foreign nationals with Overseas Card of India have registered for India’s first Fast Track Immigration-Trusted Traveller Programme
India’s first Fast Track Immigration-Trusted Traveller Programme has expanded to 31 international airports
The Global Entry Programme (GEP) by the Ministry of Home Affairs registered 1,491 individuals in August; the programme has attracted global travellers
PM Modi attends a special screening of ‘The Sabarmati Report’ at the Balyogi auditorium in Parliament, accompanied by senior cabinet ministers, MPs and the film’s cast
PM Modi lauds the film ‘The Sabarmati Report’ says “It is good that truth is coming out and that too in a way common people can see it
A fake narrative can persist only for a limited period of time. Eventually, the facts will always come out: PM Modi on The Sabarmati Report
December 03, 2024
A study by the University of Oxford positions India’s PRAGATI initiative as a global model bridging governance, says “India has charted a path that other emerging economies can emulate”
A recent study by University of Oxford praises PM Modi’s flagship initiative PRAGATI as a testament to India’s modernizing governance
The PRAGATI platform symbolizes India’s commitment to overcoming bureaucratic inertia and fostering a Team India mindset and culture of accountability and efficiency
December 03, 2024
The highest power supply in a day (peak power demand) rose to 207.42 GW in November 2024 from 204.56 GW in the year-ago period: Ministry of Power
India’s power consumption rose 5.14 per cent to 125.44 billion units (BU) in November as compared to the year-ago month: Ministry of Finance
The peak power demand touched an all-time high of about 250 GW in May this year: Ministry of Power
December 03, 2024
Private equity (PE) activity in India between Jan-Nov 2024 recorded a total value of $30.89 billion, a 22.7 per cent increase in value
Private equity (PE) activity in India between Jan-Nov 2024 witnessed 1,022 deals, a rise of 18.4% compared to 863 deals during the same period in 2023
Indian private equity is undergoing a shift as domestic capital is beginning to gain more traction, marking a new era for the industry
December 03, 2024
UP government and Union Ministry of Culture and Tourism set to attract more than 40 crore devotees from across the globe in Prayagraj ‘Maha Kumbh 2025’
Plans are under way to deck up the Prayagraj for the 45-day ‘Maha Kumbh 2025’ with art installations, murals and decorations on the city walls
The union culture ministry and UP government will jointly organise cultural performances in ‘Maha Kumbh 2025’. The UP government proposes to set up a 'Ganga Pandal' with a capacity to seat 10,000 people, along with three more stages
December 03, 2024
The government withdrew windfall tax on domestically-produced crude oil and exports of petrol, diesel and aviation turbine fuel
The revenue department rescinded the June 30, 2022 notification that levied windfall tax due to decline in global oil prices
Government scraps windfall tax on domestic crude, petrol and diesel exports; the decision came into force with “immediate effect” in the “public interest”: Department of Revenue
December 03, 2024
PAN 2.0 aims to simplify taxpayer services while enhancing efficiency and security, aligning with Digital India vision
The Union Cabinet has approved Rs 1,435 crore budget for the PAN 2.0 Project
PAN 2.0 adheres to international standards for data security and service quality
December 03, 2024
Khelo India Scheme has identified 2781 athletes across 21 sports, including para-athletics: Union Sports Minister Mansukh Mandaviya
Khelo India Athletes, are training at the National Centres of Excellence under the Sports Authority of India
‘Promotion of Rural and Indigenous/Tribal Games‘ is a sub-component of the Khelo India Scheme
December 03, 2024
Over 25,000 posts, including over 15,000 faculty positions, have been filled in a mission mode by CHEIs: Union Education Minister Dharmendra Pradhan
A total number of 25,257 vacancies have been filled up by Central Universities, IITs, IIMs etc: Union Education Minister Dharmendra Pradhan
Occurring of vacancies and filling thereof is a continuous process: Union Education Minister Dharmendra Pradhan
A central assistance of Rs 66,750 crore has been allocated for the projects under AMRUT 2.0 scheme
The total indicative outlay for AMRUT 2.0 is Rs 2,99,000 crore
AMRUT 2.0 scheme was launched in 2021, with an aim to provide universal coverage of sewerage and septage management in 500 AMRUT cities
ICRA said it expects sequential revenue growth for India Inc in the December quarter, led by improved rural demand and an uptick in government spending
ICRA said it expects the operating profit margin (OPM) for India Inc to improve in the coming quarters
The credit metrics of India Inc in the October-December period of FY25 are estimated to improve with the interest coverage ratio in the range of 4.5-5 times
December 03, 2024
The HSBC India Manufacturing PMI showed another substantial improvement in the health of the sector in November
Goods producers experienced a weaker, albeit still robust, upturn in new business intakes during November
Indian manufacturers purchased additional inputs for use in production processes and to place into inventories
December 03, 2024
Dutch investment group, Prosus has said there’s a strong pipeline of potential IPO candidates from its Indian portfolio
In its half-yearly (H1FY25) disclosures, Prosus highlighted that India is a critical market for it and it has so far invested over $8 billion in the country
We have around 30 investments in India and have many more IPOs ahead over the next 1.5 years: Prosus CEO, Fabricio Bloisi
December 03, 2024
Housing prices across the top eight cities in India surged by 11 percent year-on-year (YoY) in Q3 2024: CREDAI Report
The upward trend in housing prices reflects an ongoing strong market for residential properties, particularly in premium segments
Mumbai Metropolitan Region (MMR) holds the largest share of housing units at approximately 40%
December 03, 2024
Sowing of rabi or winter crops such as wheat, pulses, oilseeds, and coarse cereals continues to gather pace across the country
The total area covered under rabi crops has increased by 4.12% to 42.88 million hectares (Mha): Agriculture ministry
The area covered under pulses — gram, masoor, and urad — is up 3.6% at 10.89 Mha: Agriculture ministry
December 03, 2024
Union Minister for EFCC Bhupender Yadav outlined India's efforts to address land degradation and desertification, aligning with the objectives of the UNCCD
India is committed to restoring 26 million hectares of degraded land by 2030: Union Minister for EFCC Bhupender Yadav
India supported the G-20's goal to plant 1 trillion trees by 2030, thereby creating carbon sinks
December 03, 2024
Bank credit to MSMEs under priority sector lending in October surged by 13.9% to Rs 26.34 lakh crore: RBI report
Rs 100 crore credit guarantee scheme for MSMEs announced in the budget will soon be placed before the Union Cabinet for approval: Union FM Nirmala Sitharaman
Credit to MSMEs is likely to grow further with the upcoming credit assessment model by banks
December 03, 2024
Actor Vikrant Massey shared a significant career milestone by watching his film 'The Sabarmati Report' alongside PM Modi
I watched the film (The Sabarmati Report) with the PM and all cabinet ministers and many MPs. It was a special experience: Actor Vikrant Massey
We have watched the movie a number of times but today was very special as we got to watch it with the PM: Actor Raashii Khanna
December 02, 2024
UPI grew the fastest among all merchant payments modes in October 2024: RBI
Credit cards saw a 35% increase in transactions in October to 433 million transactions: RBI
UPI surpassed 10 billion merchant transactions in October, recording a 53% year-on-year surge: NPCI
December 02, 2024
In the July-September quarter, the FDI inflows in India grew by about 43 per cent year-on-year to USD 13.6 billion: DPIIT
Foreign direct investment in India rose by 45% y-o-y to USD 29.79 billion in April-September in this fiscal: DPIIT
Total FDI in India, which includes equity inflows, reinvested earnings and other capital, grew by 28% to USD 42.1 billion during the first half of this fiscal: DPIIT
December 02, 2024
The unified payments interface (UPI)-based transactions stood at 15.48 billion in November which is a 38 per cent year-on-year growth: NPCI
FASTag transactions grew by 4 per cent in volume to 359 million in November 2024: NPCI
UPI has transformed digital payments in India with its unparalleled ease, security, and versatility: Ministry of Finance
Addressing the 59th All India Conference of DGs/IGs of police PM Modi urges police forces to become more strategic, meticulous, adaptable, reliable and transparent in their operations.
PM Modi in the DGs/IGs conference encourages officers to harness the dual power of Artificial Intelligence and Aspirational India to transform challenges into opportunities
Wide-ranging discussions had been held on national and international dimensions of security challenges: PM Modi
Use Artificial Intelligence (AI) and counter specifically the potential of deepfakes to disrupt social and familial relations: PM Modi to Directors/Inspectors General of police
Dismantle the whole narco-trafficking nexus; upgrade electronically the crime data of village/areas; and make specialised teams to tackle digital frauds: PM Modi in DGs/IGs Conference
Officers in border areas should spent nights in villages to understand issues: PM Modi in DGs/IGs Conference
December 02, 2024
PM Modi has become one of the most popular leaders in independent India’s history
Before PM Modi took oath as PM, the first time in a coalition government, there was apprehension of political disruption in the air; but PM Modi sailed through
While critics and members of the opposition have found fault with PM Modi’s economic policies, the Indian economy has seen stable growth at a moment of global economic upheaval
December 02, 2024
The BSF stands as a critical line of defence, embodying courage, dedication and exceptional service: PM Modi on BSF Raising Day
PM Modi extends greetings on the occasion of Border Security Force
BSF’s vigilance and courage contribute to the safety and security of our nation: PM Modi
December 02, 2024
Cumulatively, coal production for FY 2024-25 up to November 2024 reached 628.03 MT, reflecting a growth of 6.21 per cent: Ministry of Coal
India’s overall coal production recorded a 7.2 per cent increase during November this year to touch the 90.62 million tonnes (MT): Ministry of Coal
Coal production from captive and other entities has shown significant progress, reaching 17.13 MT in November 2024: Ministry of Coal
Sales of cars in the local market increased by about 4% in November 2024, amid stable demand in the market
Industry estimates about 350,000 cars, sedans and utility vehicles were dispatched from factories to dealerships in November 2024, which is an increase of 4%
The demand momentum which we saw during the festive period has continued in November. SUVs especially are seeing good traction: Partho Banerjee, senior executive director, Maruti
India’s coal production increased by 7.2% year-on-year in November 2024, reaching 90.62 million tonnes (MT): Ministry of Coal
Coal dispatches also recorded growth, rising to 85.22 MT in November 2024, up 3.85% from 82.07 MT in November 2023: Ministry of Coal
Coal dispatches from captive and other entities grew by 25.73%, reaching 16.58 MT compared to 13.19 MT in the same month last year: Ministry of Coal
The aviation turbine fuel segment in November 2024 saw 7.7% increase in consumption to 743 TMT, reflecting the continued revival of air travel: Petroleum Planning & Analysis Cell
India’s fuel consumption witnessed a robust uptick in November 2024, with petrol sales surging by 9.2% y-o-y to 3,418 TMT: Petroleum Planning & Analysis Cell
Diesel, the country’s most consumed fuel, also recorded significant growth in November 2024, climbing 8.4% to 8,158 TMT: Petroleum Planning & Analysis Cell
December 02, 2024
Our domestic sales in India were at 78,333 units in November, up 7 per cent as compared to 73,135 units in the same period last year: Suzuki Motorcycle India
Suzuki Motorcycle India Pvt Ltd reports an 8 per cent growth in total sales at 94,370 units in November 2024
Suzuki Motorcycle India’s exports grew 15 per cent at 16,037 units in November 2024 as compared to 13,961 units exported in November 2023
December 02, 2024
In a move to improve passenger services, the Central Railway adds 90 general second-class coaches to 42 trains, catering to an additional 9,000 passengers daily
Railway successfully integrated approximately 600 new general category coaches over the last three months
The railway board plans to add over 10,000 non-AC coaches to the fleet in the next two years, including sleeper class coaches
To ease overcrowding and over-tourism, eight lesser-known tourist spots in six northeastern states will be developed as iconic sites at a cost of Rs 800 crore approximately
Eight lesser-known tourist spots in Meghalaya, Assam, Arunachal Pradesh, Manipur, Sikkim and Tripura get Rs. 800 crore boost
Funds have been released by the DoE — the first instalment being 66% of the total approved amount — directly to the states concerned
December 01, 2024
A total of 2.29 crore women in India filed their Income Tax returns in AY 2023-24, marking a rise of 25% since AY 2019-20: News18 India
Maharashtra has seen the highest increase in women ITR filers by 6.88 lakh, from 29.94 lakh in AY 2019-20 to 36.83 lakh in AY 2023-24: News18 India
The consistent increase in the number of individuals filing their income tax returns reflects an expanding tax base and improved tax compliance: News18 India
Fundraising via the qualified institutional placement (QIP) route crosses the Rs 1 trillion-mark during calendar year 2024
₹1.13 trillion – The highest amount raised ever in history through the QIP route
As many as 80 companies have raised a record ₹1.13 trillion thus far in CY24 through QIP route, which is 3X higher as compared to the same period in CY23
From programmes like ‘One Nation, One Subscription’ to the PM Internship Scheme, the government’s strategic focus on youth is not just a policy choice, it’s a commitment to shaping India’s future: Tuhin A Sinha, Author
Through these visionary initiatives like ‘One Nation, One Subscription’, PM Internship Scheme, and ANRF, the Modi government is harnessing the power of Yuva Shakti into nation-building: Tuhin A Sinha, Author
PM Modi’s visionary leadership has set the stage for a transformative era in India’s development: Tuhin A Sinha, Author
December 01, 2024
PM Modi interacts with the country’s police and intelligence brass on the second day of the closed-door annual security conference in Bhubaneswar
PM Modi in annual security conference shares suggestions on various aspects of policing, which will be shared with states/UTs and central agencies for implementation
For the past 11 years, PM Modi has repeatedly asked the chiefs of police to transform their departments into a modern and world class force
December 01, 2024
Indeed PM Modi needs to be congratulated in celebrating this day 26 November as Constitution Day which has the contribution of several revolutionaries and freedom fighters: Prof Santishree Dhulipudi Pandit, VC, JNU
Rightfully described by PM Modi as “Ambedkar’s Constitution,” this document is both a cornerstone of India’s democracy and a symbol of its resilience: Prof Santishree Dhulipudi Pandit, VC, JNU
The Modi government’s efforts to promote Constitutional awareness and integrate its principles into policymaking are commendable: Prof Santishree Dhulipudi Pandit, VC, JNU
December 01, 2024
India’s employment landscape is evolving, with Tier-2 cities like Jaipur, Coimbatore, and Gurgaon emerging as vibrant business hubs
A TeamLease report highlights Tier-2 cities as attractive alternatives to metro areas, offering lower operational costs, growing talent pools, and improved infrastructure
Sectors such as logistics, electric vehicles, and agriculture are thriving in Tier-2 regions, contributing to regional economic growth and job creation
December 01, 2024
Central Board of Trustees (CBT) of the EPFO has approved a redemption policy for exchange traded fund (ETF) investments to generate higher income for its subscribers
50% ETF proceeds to be put back into Bharat 22, CPSE funds
EPF Scheme, 1952 amended to pay interest up to the date of settlement instead of the previous month's end, providing financial benefits to members and reducing grievances
December 01, 2024
Anti-Modi elements across time zones failed during the 2024 Lok Sabha polls in their efforts at denying a third term to PM Modi
Anti-Modi elements failed once again in their efforts at restricting the BJP tally, for the BJP returned to power in Haryana and Maharashtra, and all but swept the board in UP bypolls
Each such attack by Opposition and Anti-Modi elements at derailing PM Modi has made his political position stronger
December 01, 2024
In a letter, written to mark the International Day of Solidarity with the Palestinian People, PM Modi has reiterated India's support for Palestine
PM Modi calls for an immediate ceasefire, the release of hostages, and an end to acts of terrorism in his letter on International Day of Solidarity with the Palestinian People
India firmly believes that dialogue and diplomacy are the keys to a lasting and peaceful solution: PM Modi
December 01, 2024
India's medical technology industry aims to achieve exports up to USD 20 billion by 2030
Industry experts suggest expanding PLI scheme across products and improving export infrastructure to enhance competitiveness and reduce costs in medi-tech industry
India has the best potential to grow med-tech industry to the next level: CII body
December 01, 2024
‘Namo Drone Didi’ scheme is a potential game changer for the development of rural livelihood and holistic societal development
Namo Drone Didi Scheme is empowering women, boosting rural economies, and quite literally, taking development to new heights
Namo Drone Didi Scheme is a testament to how technology, when used strategically, can reshape lives and uplift entire communities