Economic Development
6 min read
159

Harnessing India’s seafood prowess: A blueprint for global seafood industry leadership

January 26, 2025
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Leveraging on its raw materials abundance, technological prowess, and increasing soft power, India stands poised to evolve from being a bulk commodity supplier to a global leader brand. India presents a compelling paradox in the global seafood industry. Ranking among the world’s top five seafood exporters, India recently achieved an

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Economic Development
2 min read
75

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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Economic Development
3 min read
70

India, Indonesia air connectivity gets a boost with a revised agreement

January 25, 2025
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Indian travellers will have more flight options for Bali as India and Indonesia have revised their air service agreement. While Indonesian carriers will get access to Bengaluru and Hyderabad, Indian airlines will be able to increase flights to Denpasar (Bali), Jakarta or launch new destinations in the country, it is

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Economic Development
2 min read
82

India’s electric car penetration to surge to 9 per cent by FY30: Nomura Report

January 25, 2025
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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

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Economic Development
1 min read
80

Vizag-bound Air India Express flight returns to Bengaluru due to technical issue

January 25, 2025
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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

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Economic Development
4 min read
95

Cultivating change: The significance of mushrooms in sustainable agriculture and commodity markets

January 25, 2025
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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

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Economic Development
4 min read
56

Specially-designed Vande Bharat train completes trial run in Jammu and Kashmir

January 25, 2025
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Years of hard work and dedication, and some engineering marvels later, the dream of Kashmir’s rail connectivity finally came true as a specially-designed Vande Bharat Express train arrived here on Saturday, completing its trial run. The train, on its maiden trial run, arrived at the Srinagar station in the Nowgam

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Economic Development
3 min read
103

Trump administration’s policies may drive shift in Indian students’ higher education choices

January 24, 2025
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The Trump administration’s policies on citizenship, stricter immigration, and visa rules may influence the preferences of Indian students pursuing higher education in the United States, according to industry players. Indian students represent the largest international student community in the US, with 3,31,602 enrolled during the 2023-24 academic year. However, industry

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Economic Development
4 min read
96

IBC cases slow down as banks reconsider recovery approach

January 24, 2025
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The Insolvency and Bankruptcy Code (IBC), once hailed as a transformative resolution mechanism, is witnessing a slowdown in case admissions, with banks showing reluctance to tap this channel for recoveries. While the IBC remains the dominant tool for resolving distressed debts, delays in case admissions and diminishing recovery percentages are

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Economic Development
2 min read
76

Dry fruits body NDFC seeks import duty rationalisation, lower GST in Budget

January 24, 2025
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The Nuts and Dry Fruits Council (India) has sought rationalisation of walnut import duty on a per-kg basis and reduce GST to 5 per cent from current 18 per cent. The trade body in its pre-Budget proposals has also requested the government to announce a production-linked incentive (PLI) scheme for

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