Tag Archives: india

Prime Minister Narendra Modi welcomed esteemed leaders at the 10th Vibrant Gujarat Global Summit in Gandhinagar, Gujarat. The summit, focused on 'Gateway to the Future', celebrates two decades of the state's success in fostering growth and collaboration.

In the wake of escalating threats to cargo ships navigating the Red Sea, India faces a potential downturn in exports, signaling a looming economic impact. Recent incidents involving Houthi militants targeting vessels passing through the Red Sea have raised concerns among exporters, prompting a cautious approach.

India marks a significant milestone in its energy landscape as "first oil" production commences in the Krishna Godavari Deep-Water Block 98/2, located 30 kilometers off the coast of Kakinada in the Krishna Godavari Basin. Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, announced the commencement of oil extraction, heralding it as a substantial achievement for India's quest toward self-reliance under the "Atmanirbhar Bharat" campaign.

In response to escalating heat in India, air conditioner ownership has surged, with the number of units per 100 households tripling since 2010, according to the International Energy Agency (IEA). The IEA revealed that the ownership rate currently stands at 24 units per 100 households, and this number is predicted to skyrocket ninefold by 2050. The rise in air conditioner usage has also had a significant impact on electricity consumption, with a 21% increase observed between 2019 and 2022. As a result, nearly 10% of India's electricity demand is now attributed to the cooling requirements of these devices.

India's economic growth continues to impress, with predictions by S&P Global Market Intelligence suggesting that it will become the world's third-largest economy by 2030, overtaking Japan. The country's robust growth is attributed to factors such as a burgeoning middle class, digital transformation, and increased foreign investment.

Google has unveiled 'DigiKavach,' an initiative aimed at preventing financial frauds in India. This program, announced at the annual Google for India event, will use early threat detection and collaboration with industry stakeholders to safeguard users from evolving financial scams.

The Indian government has stated that there will be no licensing requirement for the import of laptops and computers. Instead, they will focus on monitoring inbound shipments, citing the need for a close watch on these imports.

India's Rural Infrastructure Development Fund (RIDF) has marked a significant milestone, with state governments availing ₹4.07 lakh crore for rural development projects. The annual corpus of RIDF, established in 1995-96, has surged from ₹2,000 crore to ₹50,000 crore in 2023-24. Learn how RIDF has become a pivotal force in transforming the rural economy and its future plans.

WhatsApp has banned over 74 lakh accounts in India, including proactive actions, as part of its efforts to comply with the country's new IT Rules. Find out why these accounts were banned and how WhatsApp is taking steps to combat abuse on its platform.

India is set to introduce 50-year bonds for the first time in response to increasing demand from insurance and pension funds, diversifying its debt offerings and extending its yield curve. This move aligns with the changing landscape of India's sovereign debt market and aims to reduce the government's reliance on bank purchases for funding record borrowings.