Tag Archives: india

New Delhi, March 5, 2024 - Following Google's decision to delist 10 Indian app developers from its Play Store for non-compliance with payments policy, a significant number of apps have been relisted after developers adhered to Google's guidelines. As of Monday morning, nine out of the ten affected developers had some of their apps restored on the Play Store, marking a partial resolution to the issue.

In a historic moment for India-UK relations, Sunil Bharti Mittal, the esteemed Founder and Chairperson of Bharti Enterprises, has been bestowed with an Honorary Knighthood by King Charles III of the United Kingdom. This prestigious recognition marks Mittal as the first Indian recipient of such an honor from King Charles.

In a strategic realignment of its payment services, Google has announced the discontinuation of Google Pay in the United States, while ensuring uninterrupted service for users in India and Singapore. The decision, communicated through an official blog post on Thursday, reflects Google's commitment to enhancing its payment ecosystem and optimizing user experience.

In a significant projection, investment banking firm Jefferies has forecasted that India is on track to become the world's third-largest economy by 2027, overtaking economic powerhouses like Japan and Germany. According to Jefferies, India's GDP is poised to reach $5 trillion within the next four years, and the country's economic trajectory suggests it will nearly double to nearly $10 trillion by 2030.

In a significant shift, India is gearing up to invite private investments totaling approximately $26 billion into its nuclear energy sector, aiming to bolster its non-carbon emitting energy sources. According to two government sources cited by Reuters, this move marks the first instance of New Delhi actively pursuing private funding for nuclear power, which currently contributes less than 2% to India's total electricity generation.

India's Unified Payments Interface (UPI) services made their debut in Sri Lanka and Mauritius on Monday, marking a significant milestone in the digital financial landscape of the region. The virtual inauguration ceremony witnessed the participation of Prime Minister Narendra Modi, Mauritian Prime Minister Pravind Jugnauth, and Sri Lankan President Ranil Wickremesinghe.

In a recent move, India has announced an increase in the windfall tax on petroleum crude, raising it to ₹3,200 per tonne from the previous ₹1,700, effective from Saturday. However, the windfall tax on diesel and aviation turbine fuel remains unchanged at zero, according to a statement released by the government on Friday.

In a recent diplomatic development between India and the Maldives, the two nations have reached a consensus on "mutually workable solutions" regarding the presence of Indian troops in the archipelago. The meeting held in the Indian capital addressed a range of issues related to bilateral cooperation, including the ongoing development cooperation projects.

In a significant development, Elon Musk's Starlink is on the brink of securing approval from the Indian government to launch its space-based broadband services in the country. Reports suggest that the Department of Telecommunications (DoT) is set to issue a Letter of Intent (LoI) to Starlink, with the approval anticipated in the next few days, potentially by early next week.

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.