India’s electric car penetration to surge to 9 per cent by FY30: Nomura Report
The penetration of electric cars in India is projected to rise significantly, reaching 9 per cent by FY30 from the current 2 per cent, according to a report by Nomura. This shift is part of the country’s broader transition toward sustainable and eco-friendly mobility solutions. The report highlighted that electric
Vizag-bound Air India Express flight returns to Bengaluru due to technical issue
An Air India Express flight traveling from Bengaluru to Visakhapatnam on Saturday returned to the airport here due to a technical issue, airport officials said. The flight, which took off at 10 am, circled over Bengaluru before returning to the airport from where it had originally departed. Airport officials clarified
Campco expresses concern over unfair areca import practices, seeks strict regulations to curb them
Expressing concerns over unfair arecanut import practices by some people, the Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd has urged the Government to implement stronger regulations to protect the interests of domestic growers. In a letter to the Union Commerce Minister, Piyush Goyal, the Campco President, A Kishore
Impact of Basmati price volatility in key international markets for Indian exporters
One of the most integral parts of India’s agricultural exports, the global Basmati rice market often experiences price fluctuations. Since Basmati rice is cultivated in only India and Pakistan in the world, with the former producing the giant’s share of the total cultivation, price volatility leads to considerable implications on
Cultivating change: The significance of mushrooms in sustainable agriculture and commodity markets
The global market for edible mushrooms has seen remarkable growth, with India emerging as a key player in this expanding industry. By 2024, the market was estimated to be valued at around $67.4 billion, projected to reach $97.1 billion by 2029, with a compound annual growth rate (CAGR) of 7.57
Policymakers must tune more into States, says Finance Commission Chief Panagariya
India’s policymakers and thinktanks should focus on studying the States a lot more, Arvind Panagariya, Chairman of 16th Finance Commission suggested on Friday He was speaking at a launch event of first ever ‘Fiscal Health Index 2025’ report prepared by NITI Aayog. “Even though one, including the media, tends to
IndiGo profit slips 18 pc to ₹2,448 crore over forex loss
InterGlobe Aviation, which operates IndiGo, saw an 18.3 per cent decline in net profit in third quarter FY25 to ₹2,448 crore on a year on year basis as rupee depreciation offset the gains of strong passenger demand and revenue growth. While revenue from operations grew 13.7 per cent to ₹22,110
Agrochem makers seek cut in duty, GST rationalisation in Budget
Agrochemical makers are looking forward to the uniform basic customs duty, rationalisation of GST and introduction of the 200 per cent deduction on R&D expenses in the forthcoming Budget. CropLife, a body of agrochemical makers has suggested key measures to the government such as maintaining a uniform basic customs duty
Govt employees clock fewer hours than corporate workers: EAC-PM Report
Amidst debate on working hours, a working paper from Economic Advisory Council to the Prime Minister (EAC-PM) has said that government employees work much less than corporate employees. The paper has been prepared by Shamika Ravi, member of the EAC-PM. She has used time-use data (published in 2019) in the
Indian govt may announce special fund for oilseeds purchase in Budget
The Government is considering the creation of an oilseed buffer corpus like the pulses buffer. This development comes even as the purchase of oilseeds is allowed by the Centre at the minimum support price (MSP) after the approval of the Agriculture Ministry. A separate fund may help States undertake oilseeds