Economic Development
3 min read
19

WTO SPS Agreement: India proposes work programmes on recognition of regional conditions

November 1, 2024
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To deal with the problem of rejection of agriculture export consignments due to stringent quality norms of some countries, India has proposed that the WTO should launch work programmes on recognition and harmonisation of regional conditions, improving members’ understanding on areas of low pest or disease prevalence and creating a

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Economic Development
3 min read
15

Fertilizer subsidy payout declines in April-September

November 1, 2024
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Lower global price helped subsidy payout for nutrient-based fertilizer dip by around 38 per cent during April-September period, government data showed. Payout for urea dropped too but only marginally by 6 per cent. The data have come in the public domain at a time when there was violence in some

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Economic Development
3 min read
27

GST collection rises 9% in October, second successive month of single digit growth

November 1, 2024
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Domestic transactions helped collection through Goods & Services Tax (GST) to increase about 9 per cent to reach ₹1.87 lakh crore in October, data released by the Finance Ministry on Friday showed. Collection in data is related to consumption in September which had just 16 auspicious days to make fresh

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Economic Development
3 min read
35

Diwali, rising disposable income lifts jet fuel consumption in October to second highest on record

November 1, 2024
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The country’s consumption of aviation turbine fuel (ATF) rose to its second highest level on record during October 2024 aided by rising domestic and international traffic as well as airlines adding more aircraft and destinations. Diwali falling on the last day of the month also boosted footfalls. According to the

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Economic Development
2 min read
31

Air India commences A350 services on Delhi-JFK route 

November 1, 2024
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Tata Group-promoted Air India introduced its flagship A350-900 aircraft on daily, non-stop flights between Delhi and New York’s  John F. Kennedy International Airport (JFK), the airline said on Friday. The new A350-operated route indicated that the airline will introduce a ‘5x weekly’ service from Delhi to Newark’s Liberty International Airport

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Economic Development
3 min read
23

Big boost to rice procurement in second fortnight of October, Central purchase reaches 84 lakh tonnes

November 1, 2024
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A big jump in procurement in Punjab and Haryana during second half of October in 2024-25 season (October-September) has helped the government narrow the difference with the rice purchased year-ago. The official rice procurement reached 84.24 lakh tonnes (lt) so far, down by 20 per cent from 105.51 lt until

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Economic Development
4 min read
20

India’s domestic natural gas demand to double by 2040: Rystad Energy

November 1, 2024
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India’s natural gas consumption is expected to double in the next 15 years to hit 113.7 billion cubic meters (bcm) aided by a rising population and the government’s push to accelerate economic development. Fuelled by population growth, economic development and a shift towards cleaner energy, India’s gas consumption is expected

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Economic Development
3 min read
14

India’s night temperature rise in October breaks all time record, November may be ‘above normal’

November 1, 2024
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India Meteorological Department (IMD) on Friday said that the average minimum temperature during October was 21.85 Degree Celsius, which is 1.85 Degree higher than normal and is also the highest since 1901. Region-wise too, the minimum temperature (recorded in the night) was the highest in the south, central and north-west

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Economic Development
3 min read
13

Festival demand lights up economy, GST mop-up needs pace

November 1, 2024
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Key high frequency economic indicators on Friday showed a latent momentum in the economy. While passenger vehicles retail sales surged 20 per cent in October, consumption of auto and jet fuel rose between 0.8 and 9 per cent.  In the same month, registration of e vehicles jumped 55 per cent

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Economic Development
1 min read
13

Blue Pearl, a new fish farmer producer company launched in Kodungallur

November 1, 2024
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The fisheries sector is booming and is rightly regarded as the sunrise sector of the India’s economy, said George Kurian, Union Minister of State for Fisheries, Animal Husbandry, Dairying. Highlighting the rapid growth of the fisheries sector, the Minister said the Centre has outlined several schemes dedicated to strengthening the

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