Economic Development
2 min read
29

Demand revival in emerging markets aids automobile exports grow 19% in 2024

January 26, 2025
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Automobile exports from India rose 19 per cent year-on-year in 2024 led by a robust dispatch of two-wheelers, passenger vehicles and commercial vehicles, according to SIAM data. Overall shipments rose to 50,98,810 units last year, up 19 per cent from 42,85,809 units exported in 2023. “Last year saw revival in

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Economic Development
3 min read
61

Budget 2025: Insurance industry awaits big push with GST waiver on health cover, annuity plans

January 26, 2025
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Insurance industry is awaiting a big push in the upcoming Union Budget 2025-26 by way of waiver of GST on premiums of health insurance and annuity plans, a separate tax deduction for term insurance and life insurance premium under the new tax regime. There has also been expectation of removal of the

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Economic Development
2 min read
25

DGCA move likely to spark interest in air taxi pilot training

January 26, 2025
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Aspiring air taxi pilots in India may soon begin their training as the Directorate General of Civil Aviation (DGCA) is set to unveil licensing guidelines for electric vertical take-off and landing (eVTOL) aircraft, a senior official told businessline. In aviation parlance, advanced air mobility vehicles, or air taxis, refer to a

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Economic Development
3 min read
18

L&T academy churns out tunnelling workforce 

January 26, 2025
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At Larsen & Toubro’s Tunnelling Excellence Academy (TEA) in Kancheepuram, Sekar (name changed), wearing goggles and a helmet, keenly observes his instructor describing the working of the massive tunnel boring machines (TBMs) used to drill underground metro rail corridors. He and the other trainees at the academy will soon join

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Economic Development
2 min read
17

PM Suryaghar, PM Kusum beneficiaries ambassadors of India’s RE journey: MNRE

January 26, 2025
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The Minister of New & Renewable Energy (MNRE) Pralhad Joshi on Saturday interacted with beneficiaries of PH Suryaghar and PM Kusum, exhorting them to become brand ambassadors of India’s renewable energy (RE) journey. The Minister met with 750 such special guests of the Ministry, who were invitees to the Republic Day

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Economic Development
2 min read
33

Axis Capital predicts EV penetration to surge in 3 years

January 26, 2025
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The electric vehicle (EV) penetration will increase in the next three years due to the introduction of more reliable models at competitive price points and the possible growth of the charging network, according to the Axis Capital report. “We believe the launch of more credible models at attractive price points

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Economic Development
4 min read
39

Two-wheelers not luxury, tax cut needed to spur demand: Honda Motorcycle and Scooter India

January 26, 2025
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Two-wheelers are a necessity and not luxury in the current Indian context and taxes on these vehicles must be reduced as the industry is staring at a single-digit growth next fiscal with affordability becoming an issue, according to a senior executive of Honda Motorcycle and Scooter India. There is also

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Economic Development
4 min read
22

How Budget 2025 can empower India’s agro-chemical sector and farmers

January 26, 2025
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With India making rapid strides on many fronts under the leadership of Prime Minister Narendra Modi, the agriculture sector is gaining greater significance, as has been evident from the past few Budgets. This progress, and the fact that this is the first full Budget of Modi 3.0, has heightened anticipation

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Economic Development
4 min read
29

Agtech emerging as a catalyst: Seeding India’s agricultural future

January 26, 2025
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The face of Indian agriculture is changing. Beyond the traditional image of farmers toiling in the fields, a technological revolution is taking root. Agritech is transforming the sector, which employs 158 million people and contributes 18.3 per cent to India’s GDP (2022-23), offering new solutions to ensure food security for

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Economic Development
2 min read
21

CCPA imposes penalty on Vision IAS for misleading ad claim

January 25, 2025
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The Central Consumer Protection Authority (CCPA) has imposed penalty of ₹3 lakh on Vision IAS for misleading ad claim regarding result of UPSC CSE 2020, as part of a wider crackdown. In an official statement, it said that the decision was taken to protect rights of consumers and ensure that

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