In October 2023, coal production soared to 78.65 Million Tonne, marking an 18.59% increase from the previous year’s 66.32 Million Tonne. The Coal Industry Index exhibited substantial growth, rising from 9.1% in April to an impressive 18.4% in October 2023, reaching 172.6 points. This surge in the Index of Coal Industry significantly contributed to the…
The Ude Desh ka Aam Nagrik (UDAN) scheme, part of the Regional Connectivity Scheme (RCS), has witnessed over 130 lakh individuals benefiting from its initiatives. Currently, 517 RCS routes are in operation, connecting 76 airports, including 9 heliports and 2 water aerodromes. The government, aiming to bolster regional air connectivity at affordable rates, has set…
In a strategic move aimed at empowering micro, small, and medium enterprises (MSMEs) and bolstering e-commerce exports, the Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce and Industry, Government of India, is partnering with various e-commerce entities to leverage the Districts as Export Hubs initiative. The central objective is to invigorate e-commerce…
Standard & Poor’s (S&P) Global has forecasted a 6.4 percent economic growth for India in the fiscal year 2024-25. While this projection aligns with many agencies, S&P Global cautioned that challenges such as high food inflation and weak exports could potentially cast a shadow on growth in the upcoming years. The insights were presented in…
In a strategic initiative aimed at empowering micro, small, and medium enterprises (MSMEs) and enhancing e-commerce exports, the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry, Government of India, is joining forces with various e-commerce entities to capitalize on the Districts as Export Hubs initiative. The primary goal is to…
The 6th High-Level Meeting of the India-OPEC Energy Dialogue unfolded on November 9, 2023, at the OPEC Secretariat in Vienna, Austria, co-chaired by HE Haitham Al Ghais, Secretary General of OPEC, and Hardeep Singh Puri, Minister of Petroleum and Natural Gas, and Minister of Housing and Urban Affairs. The discussions at the meeting were marked…
In a pivotal move for India’s fresh fruit exports, the Agricultural and Processed Food Products Export Development Authority (APEDA) has successfully orchestrated the first trial shipment of bananas to the Netherlands via sea. The inaugural consignment, flagged off from Baramati, Maharashtra, signals potential growth, with estimates suggesting India could export bananas worth USD 1 billion…
In an effort to enhance the export of agricultural goods to the Gulf Cooperation Countries (GCCs), the Agricultural and Processed Food Products Export Development Authority (APEDA), a part of the Ministry of Commerce under the Government of India, has entered into a Memorandum of Understanding (MoU) with the renowned global retail giant, Lulu Hypermarket LLC….
The Government e-Marketplace (GeM) has been making remarkable strides in the procurement of services, demonstrating its dedication to streamlining government purchasing processes and enhancing transparency. Over the past few years, GeM has seen an extraordinary increase in transaction value, underlining its commitment to efficiency and transparency in government procurement. GeM’s growth in service procurement is…
In a significant development, India’s mango export industry has expanded its horizons, achieving remarkable results in the first five months of the fiscal year 2023-24. With the dedicated efforts of the Agricultural and Processed Food Products Export Development Authority (APEDA), under the Ministry of Commerce and Industry, India has recorded substantial growth in mango exports,…
