India’s milk production is expected to reach a record 230.58 million tonnes in the fiscal year 2022-23, marking a 4.2 per cent increase compared to the previous year. This growth is always concerned about potential stagnation in output due to lumpy skin diseases (LSDs) reported in cattle last year. Despite the positive outlook, this growth […]
Mandi prices of various basmati paddy varieties in India have witnessed a significant surge, ranging from 11 to 14 per cent, just one month after the government’s decision to reduce the minimum export price (MEP) of basmati rice to USD 950/tonne, aiming to stimulate exports. Exporters attribute the increase in basmati paddy prices to robust […]
Minister of Electronics and Information Technology, Ashwini Vaishnaw, took to social media platform X to announce achievement in the mobile industry. In a post, he revealed that the Indian mobile industry has experienced exponential growth, expanding by a remarkable factor of 20 in just nine years. Minister Vaishnaw posted on X, “Met Mobile industry to […]
The Global Trade Research Initiative (GTRI) on Sunday recommended that the Indian government examine the bilateral free trade agreement with Singapore and assess it in conjunction with the ASEAN bloc. The GTRI also suggested a similar evaluation with Thailand, another ASEAN member. This comes as India and ASEAN are set to review their trade pact […]
The discrepancy in official trade figures between India and China has widened this year, fueled by an increase in under-invoicing and potential financial losses to the Indian exchequer, despite efforts by tax authorities to address the issue. In the first 10 months of 2023, the difference between China’s reported exports to India and India’s reported […]
Tech major Lenovo on Friday said that it is launching Preferential Market Access (PMA) compliant PCs with its ‘made in India’ motherboard, underscoring its commitment to strengthen and expand its manufacturing footprint in the country. The company said the move has qualified it for the Class 1 PMA bracket with over 50 per cent of […]
On the birth anniversary of Sadhu Thanwardas Lilaram Vaswani, the Uttar Pradesh government has declared a ‘no non-veg day’ on Saturday. The Uttar Pradesh government ordered all slaughterhouses and meat shops to remain closed on Saturday, on the birth anniversary of Sadhu Thanwardas Lilaram Vaswani, who advocated for a vegetarian lifestyle. A circular issued by […]
India, the largest consumer and second-largest producer of sugar globally, has achieved a remarkable feat by being named the Chair of the International Sugar Organisation (ISO) for the year 2024. According to a press release by the Ministry of Consumer Affairs, Food and Public Distribution, this announcement came during the 63rd council meeting of the […]
India’s digitization has pushed the e-commerce landscape to new heights, with a growing number of consumers relying on online platforms for their shopping needs. However, this rapid growth has also brought about various challenges and concerns related to the Monopoly of a few big marketplaces, small retailers’ interests, fair competition, logistics, and so on. Post-COVID, […]
India’s smartwatch shipments experienced a 21 per cent year-on-year (YoY) growth in the third quarter of 2023 (Q3 2023), reaching a historic high for domestic manufacturing at 82 per cent, compared to a 4 per cent a year ago, according to a Counterpoint Research report. The surge in shipments was primarily fueled by a substantial […]
