The world’s leading banana producer with a share of 25 per cent in total output, India has exported 1.91 lakh tonnes of bananas worth Rs 619 crore. Recently, the country has exported a consignment of 22 metric tonne of Geographical Indications (GI) Jalgaon banana to Dubai. These fibre and mineral rich Jalgaon bananas were sourced…
Despite the challenges posed by the devastating second wave of Coronavirus, Indian Railways has maintained the momentum of highest ever loading in consecutive 09 respective months from September, 2020 to May, 2021. On mission mode, Indian Railways’ freight loading for the month of May 2021 crossed 2019 & 2020 year’s loading and earnings for the…
The Confederation of Indian Industry (CII) has fully opposed physical presence of the employees of the organisations dealing in non-essential economic activities, at their workplaces at least for the next two weeks. Uday Kotak, President, CII said it was necessary to break the chain of COVID-19 transmission. In his opinion, the Indian industries should review…
In a conference held on ‘Digitalisation – The Key for MSMEs’ Rise to Resilience,’ Minister of Micro, Small and Medium Enterprises (MSMEs) Nitin Gadkari said the Government has been taking several steps to enhance the contribution of this sector. The ministe added that the Government is facilitating capabilities of export, besides job generation in this…
Finance Minister Nirmala Sitharaman has announced that permission for conducting government-related business will be given to new private banks under the RBI guidelines. It was during the question hour in Rajya Sabha that the minister said the government has indicated to allow other private banks to conduct government-related business with the aim to ensure a…
The Department for Promotion of Industry and Internal Trade (DPITTD) together with the Ministry of Commerce and Industry is all set to finalise a dedicated portal “Atmanirbhar Niveshak Mitra” for facilitation, information dissemination and handholding of domestic investors. Currently in testing phase, the portal in its final version will digitally support the investors throughout their…
Global rating agency Moody’s has revised India’s growth projection for the current financial year (FY22) from its earlier estimate of 10.5 per cent to 13.5 per cent. Moody’s has mentioned that Indian economy has rebounded quickly from the stringent lockdowns due to which the country experienced steepest fall in its GDP in the second quarter…
The Economic Research Department of the State Bank of India has revised FY21 GDP estimates for India to -7.0% from the earlier forecast of -7.4%. Based on SBI Nowcasting Model. The report has been brought out by Dr Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India. According to the report, the growth…
Minister for Electronics and Information Technology, Ravi Shankar Prasad said being an attractive investment destination, India is poised to become a major player in IT products and electronics industry in global supply chain. He was discussing a range of issues related to digital sector, in a virtual interaction with Head of Amazon India Amit Agarwal….
India’s Forex reserves have risen by 4.85 billion US Dollars to touch a record high of 590.18 billion dollars in the week ended January 29. Forex reserves rose on account of an increase in foreign currency assets (FCA), a major component of the overall reserves.While the FCA increased by 5.03 billion dollars to 547.22 billion…
