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Finance, Banking & Insurance   -   Sep 30, 2024 New rules simplify foreign exchange compounding process
New rules simplify foreign exchange compounding process

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 Anzari
Commerce & Industry   -   Sep 30, 2024 India's auto sector aims for a $100 billion export target by 2030
India's auto sector aims for a $100 billion export target by 2030

Minister 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 Anzari
Commerce & Industry   -   Sep 30, 2024 India's electric vehicle surge
India's electric vehicle surge

Road 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 Anzari
News   -   Sep 30, 2024 India's industrial future
India's industrial future

The 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 Anzari
News   -   Sep 30, 2024 India to lead global economic growth in 2024
India to lead global economic growth in 2024

Prime 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 Anzari
Science, Technology & Research   -   Sep 30, 2024 India's BioE3 Policy
India's BioE3 Policy

The 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 Anzari
Energy & Power   -   Sep 30, 2024 India and US strengthen civil nuclear and space collaboration
India and US strengthen civil nuclear and space collaboration

India 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 Anzari
Commerce & Industry   -   Sep 30, 2024 The trillion dollar club
The trillion dollar club

Minister 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 Anzari
New rules simplify foreign exchange compounding process
Finance, Banking & Insurance   -   Sep 30, 2024 New rules simplify foreign exchange compounding process

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 Anzari
News Articles 122 Articles
Finance, Banking & Insurance   -   Sep 30, 2024 New rules simplify foreign exchange compounding process
New rules simplify foreign exchange compounding process

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 Anzari
Commerce & Industry   -   Sep 30, 2024 India's auto sector aims for a $100 billion export target by 2030
India's auto sector aims for a $100 billion export target by 2030

Minister 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 Anzari
Commerce & Industry   -   Sep 30, 2024 India's electric vehicle surge
India's electric vehicle surge

Road 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 Anzari
News   -   Sep 30, 2024 India's industrial future
India's industrial future

The 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 Anzari
News   -   Sep 30, 2024 India to lead global economic growth in 2024
India to lead global economic growth in 2024

Prime 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 Anzari
Science, Technology & Research   -   Sep 30, 2024 India's BioE3 Policy
India's BioE3 Policy

The 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 Anzari
Energy & Power   -   Sep 30, 2024 India and US strengthen civil nuclear and space collaboration
India and US strengthen civil nuclear and space collaboration

India 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 Anzari
Commerce & Industry   -   Sep 30, 2024 The trillion dollar club
The trillion dollar club

Minister 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 Anzari
Latest Articles 8 Articles
Morning Briefing   -   Nov 15, 2024 Commerce Minister Calls for Repo Rate Cut
Commerce Minister Calls for Repo Rate Cut

Highlights 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 Narayan
News   -   Nov 14, 2024 Seaplanes to Connect Remote India: Aviation Minister Eyes North East
Seaplanes to Connect Remote India: Aviation Minister Eyes North East

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

by Amal Anzari
News   -   Nov 14, 2024 India’s October Exports Surge by 17%
India’s October Exports Surge by 17%

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,

by Amal Anzari
News   -   Nov 14, 2024 RBI Governor Affirms Resilient Indian Economy Amid Global Challenges
RBI Governor Affirms Resilient Indian Economy Amid Global Challenges

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

by Amal Anzari
Morning Briefing   -   Nov 14, 2024 First Phase of Voting Completed in State Elections
First Phase of Voting Completed in State Elections

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.

by Daanish Narayan
News   -   Nov 13, 2024 US Leads in Indian Engineering Exports; UAE, Saudi Arabia Follow
US Leads in Indian Engineering Exports; UAE, Saudi Arabia Follow

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

by Amal Anzari
News   -   Nov 13, 2024 Swedish Firms Eye Tamil Nadu for Expansion, IKEA Among Four Exploring New Ventures
Swedish Firms Eye Tamil Nadu for Expansion, IKEA Among Four Exploring New Ventures

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

by Amal Anzari
News   -   Nov 13, 2024 By-Elections Witness High Voter Turnout Across Multiple States
By-Elections Witness High Voter Turnout Across Multiple States

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

by Amal Anzari
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