India’s trade deficit for April-May 2023 has improved considerably, estimated at US$ 13.28 billion compared to US$ 20.56 billion during the same period in 2022. This represents a decline of 35.41%. The merchandise trade deficit for April-May 2023 stands at US$ 37.26 billion, down by 7.95% from April-May 2022. In May 2023, India’s overall exports…
Domestic airlines in India experienced a remarkable annual growth rate of 36.10% and a monthly growth rate of 15.24% in passenger numbers. From January to May 2023, domestic airlines carried a total of 636.07 lakhs (6.36 million) passengers, signifying a substantial increase compared to the same period in the previous year (Jan-May 2022) when the…
Passenger growth in India’s domestic airline sector continues to soar, with impressive year-on-year and month-on-month increases. According to recent data, domestic airlines carried 636.07 lakhs passengers between January and May 2023, marking a substantial annual growth rate of 36.10% compared to the same period in 2022. In May 2023 alone, the passenger count reached 132.41…
In order to discuss about the issue of Dark Patterns in the online space a consultation with stakeholders in Mumbai was organised by department of consumer affairs (DGCA) and Advertising Standards Council of India (AGSI) Dark patterns refer to manipulative practices that deceive consumers and infringe upon their rights. The consultation aimed to address the…
The Ministry of Fisheries, Animal Husbandry & Dairying has given the green light to projects worth over Rs 7,500 crore aimed at the development of modern fishing harbours and fish landing centres. Parshottam Rupala, the Union Minister of Fisheries, Animal Husbandry and Dairying, announced this significant decision. Foundation Laid for Modernization and Upgradation of Cochin…
A two-day young start-up expo held in Udhampur was organised by CSIR-IIIM with an aim to provide an opportunity of industries and the entrepreneurs to explore new avenues. Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science & Technology inaugurated the two-day ‘Young Start-up Expo’ at Udhampur, located in J&K. in Jammu and…
Oil India Limited (OIL) has announced its financial results for the fiscal year 2022-23, achieving a significant milestone with its highest-ever net profit since the company’s inception. The company reported a net profit of Rs. 6,810.40 crore, representing a remarkable surge of 75.20% year-on-year. This exceptional performance is attributed to increased operating income and robust…
The 44th ISO COPOLCO Plenary, a four-day event held from May 23-26, 2023, concluded in New Delhi, hosted by the Bureau of Indian Standards (BIS). The plenary saw enthusiastic engagement and successful multilateral participation from various stakeholders. Nidhi Khare, IAS, Additional Secretary of the Ministry of Consumer Affairs, Food & Public Distribution, delivered the keynote…
The domestic airline industry in India has witnessed an exceptional surge in passenger numbers, reaching a new milestone of 503.92 lakhs. This achievement reflects a remarkable annual growth rate of 42.85% compared to the same period last year, when the passenger count stood at 352.75 lakhs. The substantial increase in passenger carriage highlights the resilience…
The Government of India has announced a new package worth ₹20,050 crore ($2.7 billion) to boost the fisheries sector. The package includes various initiatives and schemes aimed at enhancing infrastructure, increasing fish production, and supporting fishermen and fish farmers across the country. The funds will be used for activities such as the development of fishing…
