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In line with the Union Budget 2024-25, the Ministry of Finance has introduced the Foreign Exchange (Compounding Proceedings) Rules, 2024, replacing the previous 2000 rules. The updated regulations aim to simplify foreign investments by streamlining the compounding process, enabling faster application processing, and offering digital payment options. This revision aligns
by Amal AnzariMinister of Commerce & Industry, Piyush Goyal, expressed confidence that India's auto component sector will achieve a $100 billion export target by 2030, making it a major job creator. As India advances towards becoming the third-largest global economy, Goyal urged the auto industry to strive for global leadership,
by Amal AnzariRoad Transport and Highways Minister Nitin Gadkari announced that India is experiencing significant growth in electric vehicle (EV) sales, with expectations to reach one crore annual sales by 2030, creating five crore jobs. Gadkari highlighted that nearly 30 lakh EVs are registered in the country, with 45% growth in EV
by Amal AnzariThe Cabinet Committee on Economic Affairs, chaired by PM Modi, has approved 12 new projects under the National Industrial Corridor Development Programme (NICDP) with an investment of ₹286.02 billion. These projects, spanning 10 states and strategically placed along 6 major corridors, aim to create a network of industrial smart
by Amal AnzariPrime Minister Narendra Modi has celebrated India’s strong economic performance, highlighting the country’s projected top ranking among the fastest-growing major economies in 2024. According to the July 2024 World Economic Outlook update from the International Monetary Fund (IMF), India’s real GDP is expected to grow by 7%
by Amal AnzariThe Cabinet has approved the BioE3 Policy, focusing on biotechnology for economic growth, environmental sustainability, and job creation. Key features include support for R&D and entrepreneurship in biotechnology, establishment of Biomanufacturing and Bio-AI hubs, promotion of regenerative bioeconomy and green growth, and expansion of skilled workforce opportunities. The
by Amal AnzariIndia and US have reaffirmed their commitment to deepening cooperation in science, technology, and clean energy. Highlights include an Indian astronaut joining the International Space Station, efforts to secure global supply chains in critical sectors like semiconductors, pharmaceuticals, and clean energy technologies, and a focus on India's Green
by Amal AnzariMinister of Commerce and Industry, Piyush Goyal, said India is set to add $30 trillion to its economy in the next 30 years - giving India “a position of strength” while negotiating agreements with other nations. According to Goyal, India has negotiated “a legally binding commitment” with the European Free
by Amal AnzariIn line with the Union Budget 2024-25, the Ministry of Finance has introduced the Foreign Exchange (Compounding Proceedings) Rules, 2024, replacing the previous 2000 rules. The updated regulations aim to simplify foreign investments by streamlining the compounding process, enabling faster application processing, and offering digital payment options. This revision aligns
by Amal AnzariIn line with the Union Budget 2024-25, the Ministry of Finance has introduced the Foreign Exchange (Compounding Proceedings) Rules, 2024, replacing the previous 2000 rules. The updated regulations aim to simplify foreign investments by streamlining the compounding process, enabling faster application processing, and offering digital payment options. This revision aligns
by Amal AnzariMinister of Commerce & Industry, Piyush Goyal, expressed confidence that India's auto component sector will achieve a $100 billion export target by 2030, making it a major job creator. As India advances towards becoming the third-largest global economy, Goyal urged the auto industry to strive for global leadership,
by Amal AnzariRoad Transport and Highways Minister Nitin Gadkari announced that India is experiencing significant growth in electric vehicle (EV) sales, with expectations to reach one crore annual sales by 2030, creating five crore jobs. Gadkari highlighted that nearly 30 lakh EVs are registered in the country, with 45% growth in EV
by Amal AnzariThe Cabinet Committee on Economic Affairs, chaired by PM Modi, has approved 12 new projects under the National Industrial Corridor Development Programme (NICDP) with an investment of ₹286.02 billion. These projects, spanning 10 states and strategically placed along 6 major corridors, aim to create a network of industrial smart
by Amal AnzariPrime Minister Narendra Modi has celebrated India’s strong economic performance, highlighting the country’s projected top ranking among the fastest-growing major economies in 2024. According to the July 2024 World Economic Outlook update from the International Monetary Fund (IMF), India’s real GDP is expected to grow by 7%
by Amal AnzariThe Cabinet has approved the BioE3 Policy, focusing on biotechnology for economic growth, environmental sustainability, and job creation. Key features include support for R&D and entrepreneurship in biotechnology, establishment of Biomanufacturing and Bio-AI hubs, promotion of regenerative bioeconomy and green growth, and expansion of skilled workforce opportunities. The
by Amal AnzariIndia and US have reaffirmed their commitment to deepening cooperation in science, technology, and clean energy. Highlights include an Indian astronaut joining the International Space Station, efforts to secure global supply chains in critical sectors like semiconductors, pharmaceuticals, and clean energy technologies, and a focus on India's Green
by Amal AnzariMinister of Commerce and Industry, Piyush Goyal, said India is set to add $30 trillion to its economy in the next 30 years - giving India “a position of strength” while negotiating agreements with other nations. According to Goyal, India has negotiated “a legally binding commitment” with the European Free
by Amal AnzariHighlights include conflicting views on the repo rate cut, the Reliance-Disney merger, ISRO's proposal to Mexico and views from columnists on the violence in Manipur.
by Daanish NarayanIn line with Prime Minister Narendra Modi's vision to expand national connectivity, Civil Aviation Minister Kinjarapu Rammohan Naidu announced plans to introduce seaplanes to reach remote areas across India, including the North East. During an aviation conference at Meghalaya’s Umiam Lake, Naidu took a test ride on
by Amal AnzariIndia's goods exports rose by 17.25% to $39.2 billion in October, marking the highest monthly tally in recent times, while imports reached $66.34 billion, a 3.9% increase from last year. From April to October, non-petroleum exports set a new high at $211.3 billion,
by Amal AnzariReserve Bank of India (RBI) Governor Shaktikanta Das shared an optimistic view on India's economic resilience, despite global challenges like inflation and geopolitical tensions. Das highlighted the RBI’s measures, including a robust regulatory framework and responsive policy shifts, to address emerging risks. He pointed to improved inflation
by Amal AnzariHighlights include the inauguration of projects by the PM, India's push for nuclear power, the rise in renewable energy capacity and views from columnists on the Maharashtra state elections.
by Daanish NarayanThe United States remains the top importer of Indian engineering goods, purchasing $9.3 billion (up 6.2%) from April to September, according to data from the Engineering Export Promotion Council (EEPC). The United Arab Emirates (UAE), benefitting from a Free Trade Agreement with India, secured the second spot with
by Amal AnzariSweden’s Ambassador to India, Jan Thesleff, announced that four Swedish companies, including IKEA, are considering establishing bases in Tamil Nadu. Currently, 70 Swedish firms operate in the State, employing around 25,000 people. Other Swedish companies, such as Scandinavian Robot Systems in Chennai and Jacobi in Coimbatore, will open
by Amal AnzariVoting concluded for 31 Assembly seats across 10 states, with significant voter turnout. Kerala’s Wayanad Lok Sabha bypoll, featuring Priyanka Gandhi Vadra’s debut, recorded 64.27% turnout, lower than the previous 72.92%. Rajasthan's seven Assembly constituencies saw a turnout of 64.82%. Karnataka recorded the
by Amal AnzariHighlights include conflicting views on the repo rate cut, the Reliance-Disney merger, ISRO's proposal to Mexico and views from columnists on the violence in Manipur.
In line with Prime Minister Narendra Modi's vision to expand national connectivity, Civil Aviation Minister Kinjarapu Rammohan Naidu announced plans to introduce seaplanes to reach remote areas across India, including the North East. During an aviation conference at Meghalaya’s Umiam Lake, Naidu took a test ride on
India's goods exports rose by 17.25% to $39.2 billion in October, marking the highest monthly tally in recent times, while imports reached $66.34 billion, a 3.9% increase from last year. From April to October, non-petroleum exports set a new high at $211.3 billion,
Reserve Bank of India (RBI) Governor Shaktikanta Das shared an optimistic view on India's economic resilience, despite global challenges like inflation and geopolitical tensions. Das highlighted the RBI’s measures, including a robust regulatory framework and responsive policy shifts, to address emerging risks. He pointed to improved inflation
Highlights include the inauguration of projects by the PM, India's push for nuclear power, the rise in renewable energy capacity and views from columnists on the Maharashtra state elections.
The United States remains the top importer of Indian engineering goods, purchasing $9.3 billion (up 6.2%) from April to September, according to data from the Engineering Export Promotion Council (EEPC). The United Arab Emirates (UAE), benefitting from a Free Trade Agreement with India, secured the second spot with
Sweden’s Ambassador to India, Jan Thesleff, announced that four Swedish companies, including IKEA, are considering establishing bases in Tamil Nadu. Currently, 70 Swedish firms operate in the State, employing around 25,000 people. Other Swedish companies, such as Scandinavian Robot Systems in Chennai and Jacobi in Coimbatore, will open
Voting concluded for 31 Assembly seats across 10 states, with significant voter turnout. Kerala’s Wayanad Lok Sabha bypoll, featuring Priyanka Gandhi Vadra’s debut, recorded 64.27% turnout, lower than the previous 72.92%. Rajasthan's seven Assembly constituencies saw a turnout of 64.82%. Karnataka recorded the