NHPC Limited, the largest hydropower development organization in India, has entered into a Memorandum of Understanding (MoU) with GRIDCO Odisha, the Government of Odisha’s utility company, for the development of renewable energy and pumped storage projects in the state of Odisha. The MoU aims to establish self-identified pumped storage projects with a minimum capacity of…
REC Limited has decided to provide financial assistance of ₹3,045 crores to the Bangalore Metro Rail Corporation Limited (BMRCL). A Maharatna Central Public Sector Enterprise under the Union Ministry of Power, REC Limited is all set to grant this fund for the establishment as well as the development of Metro Lines under Phase-II of the…
The Ministry of Finance under its department of expenditure, has for the current financial year approved capital investment proposals to the tune of Rs. 56,415 crore. To be invested in 16 states, this amount has been approved under the ‘Special Assistance to States for Capital Investment 2023-24’ scheme. The scheme aims to provide a timely…
India’s overall exports in May 2023 have surged to US$ 60.29 billion, indicating a positive growth trend. Electronic goods exports witnessed a significant increase of 73.96% in May 2023 and a cumulative growth of 48.06% during April-May 2023 compared to the corresponding period last year. Agricultural exports also registered robust growth. Among these particularly the…
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…
In a significant move to empower women researchers, the Indo-German Science and Technology Centre (IGSTC) announced the selection of ten women researchers from India and two from Germany for its ‘Women Involvement in Science and Engineering Research’ (WISER) program. The initiative aims to promote collaboration and participation of women researchers from both countries in ongoing…
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…
