Winter storms that provide crucial snow and rainfall to northern India are arriving significantly later in the year compared to 70 years ago, a new study has found, exacerbating the risk of catastrophic flooding while also reducing vital water supplies for millions of Indians. The study, published in the journal Weather and Climate Dynamics, reveals […]
Younger age groups express curiosity, while ecommerce offers opportunities in the growing online goods demand The barefoot shoe market is emerging as a new trend that is quietly gaining popularity in India’s footwear industry. As the global market for barefoot shoes is projected to surge to USD 788.7 million by 2031, India is emerging as […]
India and the European Free Trade Association (EFTA) bloc, comprising Iceland, Liechtenstein, Norway, and Switzerland, have signed a trade and economic partnership agreement (TEPA). The agreement is expected to enhance trade and investments between the two regions, with the phased removal of customs duties on various high-quality Swiss products over seven to ten years. Key […]
Mobile phone manufacturing in India has experienced a remarkable 21-fold increase in value, reaching Rs 4.1 lakh crore over the past decade, according to a statement from the India Cellular and Electronics Association (ICEA). This surge is attributed to government policies such as the Production Linked Incentive (PLI) scheme, which attracted global players and enhanced […]
The International Spirits & Wines Association of India (ISWAI) has called on state governments to adopt an inflation-based pricing model for alcoholic beverages, citing a substantial rise in raw material costs. According to ISWAI CEO Nita Kapoor, industry margins have contracted, leaving very little for trade and manufacturers, with state governments claiming 60-80 per cent […]
The Union Minister, Piyush Goyal, has affirmed the government’s commitment to preventing price spikes in essential food items, such as onions, tomatoes, and pulses, especially during elections. Goyal, who heads the Food and Consumer Affairs Ministry, emphasised the Modi government’s successful track record in swiftly controlling rates after temporary increases. In an interview with PTI, […]
The ready-made garment manufacturing units in Indore have experienced a decline of over 40 per cent in orders compared to the corresponding period leading up to the peak demand season, which commences with Eid. This downturn is attributed to the 45-day timely payment obligation for Micro, Small, and Medium Enterprises (MSMEs). Starting the new financial […]
India signed the Free Trade Agreement (FTA) with the four-nation European Free Trade Association (EFTA) bloc, on Sunday. Union Commerce Minister Piyush Goyal co-chaired the meeting on the India-EFTA trade agreement in the national capital on Sunday. The European Free Trade Association (EFTA) is a regional trade organisation of four countries–Iceland, Liechtenstein, Norway and Switzerland–that […]
On Thursday, the Union Cabinet approved a rise in financial support for the Tea sector through the ‘Tea Development & Promotion Scheme,’ elevating it from Rs. 290.81 crores to Rs. 528.97 crore for the upcoming two financial years The Union Cabinet, chaired by Prime Minister Narendra Modi, has given the green light to a substantial […]
The rating agency Icra has predicted a slowdown in domestic steel consumption growth for the next financial year (FY25). This comes after three consecutive years of double-digit growth in the industry. Icra forecasts a growth rate of 7-8 per cent in FY25, compared to an estimated 12-13 per cent in the current year (FY24). The […]
