Economic Development
4 min read
143

RBI Governor Das calls for reforming global financial architecture

October 27, 2024
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RBI Governor Shaktikanta Das has called for reforming the international financial architecture to ensure equitable voice and representation for the emerging economies, and overhauling of the debt resolution architecture for vulnerable countries. He also said there is a pressing need to improve global financial regulation to manage systemic risks posed

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Economic Development
3 min read
184

Nirmala Sitharaman seeks enhanced support from international financial institutions to achieve SDGs

October 27, 2024
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Union Finance Minister, Nirmala Sitharaman, on Saturday, participated in G7 African Ministerial Roundtable and sought an enhanced support from international financial institutions to achieve Sustainable Development Goals (SDGs), the Finance Ministry said in a post on social media platform X. “FM @nsitharaman especially focused on enhanced support from international financial

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Economic Development
3 min read
202

IIHR licences new technology to industry

October 27, 2024
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Technology to make chocolates from jackfruit seeds, vertical farming model and new varieties of okra and marigold were among the new products/technologies that were licenced by the ICAR-Indian Institute of Horticulture Research, Bengaluru on Thursday. Also, an MoU to develop smart packages for crops such as chilli and okra was

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Economic Development
2 min read
137

Andhra Pradesh joins hand with EESL for powering 1.5 lakh houses with energy efficient appliances

October 27, 2024
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Energy Efficiency Services Limited (EESL) has entered into a significant agreement with the Andhra Pradesh State Housing Corporation Limited (APSHCL) and Andhra Pradesh State Energy Efficiency Development Corporation Limited (APSEEDCO) to enhance energy efficiency in the state.  The agreement was signed late evening on Friday in the presence of Chief

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Economic Development
2 min read
195

Proper road infrastructure, skilled workforce among key challenges for logistics industry: experts

October 26, 2024
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Lack of proper road infrastructure, land availability for warehousing and skilled workforce shortages are some of the key challenges being faced by the logistics industry, according to experts. Warehousing needs land availability in and around metropolitan cities as a pick-up in economic activities is creating demand for logistics, Assocham Secretary

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Economic Development
2 min read
207

Pawfect buddies: Mumbai Airport revives emotional support dog program at Terminal 2

October 26, 2024
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Mumbai International Airport (MIAL) has reintroduced its ‘Pawfect’ program, bringing emotional support dogs back to Terminal 2 to assist travelers, airport officials announced. The initiative, which makes MIAL the only Indian airport offering such a service, features nine trained dogs including a Golden Retriever, a Maltese, a rescued Husky, Shih

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Economic Development
2 min read
221

Festivals, agriculture, elections set to boost India’s oil demand: S&P Global Commodity Insights

October 26, 2024
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Demand for oil products in India through the October-December quarter is expected to get a boost from festivals, agricultural activities, recovering from a few months of subdued consumption because of excessive rains, according to S&P Global Commodity Insights. According to the commodities information services provider, India’s oil demand decreased in

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Economic Development
3 min read
903

Farmers require comprehensive crop insurance scheme: Agri economist

October 26, 2024
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Agricultural economist and Tata Institute of Social Sciences (TISS) Professor R Ramkumar called for a comprehensive overhaul of the country’s crop insurance scheme, which should extend beyond crop losses to include income risks.  Stating that settlement rates were very low, he called for the induction of public insurance companies into

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Economic Development
3 min read
891

Biggest challenge before Indian economy is employability, says FM Nirmala Sitharaman, ETCFO

October 26, 2024
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In a fireside chat on India’s decadal economic reforms and continued economic growth in New York, Union Finance Minister Nirmala Sitharaman on Monday (local time) said that the biggest challenge before India is employability. Answering a question on how the country plans to take advantage of the demographic dividend, Sitharaman

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Economic Development
4 min read
166

Experts downplay panic amidst $12 billion FPI sell-off in Indian equity markets in October

October 26, 2024
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Foreign Portfolio Investors (FPIs) may have caused turbulence in Indian equity markets with their substantial $12 billion in gross sell-offs in October, but experts caution against panic or making doomsday predictions. This is because value of $12 billion sold is just a minuscule proportion of the $800 billion stock of

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