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
74

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
2 min read
76

Posthumous Padma awards conferred on Osamu Suzuki, Bibek Debroy, Sushil Kumar Modi

January 25, 2025
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On the eve of the country’s 76th Republic Day, the Centre announced the list of recipients for the Padma Awards 2025 comprising 7 Padma Vibhushan, 19 Padma Bhushan and 113 Padma Shri Awards. Padma Vibhushan awardees include Late Osamu Suzuki, former Chairman of Suzuki Motor Corporation; Duvvur Nageshwar Reddy from

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Economic Development
3 min read
69

India-Indonesia forge ties: AMFI and AMII ink landmark MoU in investment management

January 25, 2025
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The Association of Mutual Funds in India (AMFI) and the Asosiasi Manajer Investasi Indonesia (AMII), the Indonesian Investment Managers Association, signed a Memorandum of Understanding (MoU) on Saturday to strengthen bilateral relations and enhance cooperation between the mutual fund industries of India and Indonesia. The MoU was signed and exchanged

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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
3 min read
107

Government notifies Unified Pension Scheme, to be effective from April 1

January 25, 2025
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The Finance Ministry has notified Unified Pension Scheme (UPS) as an option under National Pension System (NPS). It will come into effect from April 1 this year and has potential to benefit 23 lakh employees. This will be available for government servants who have joined the service on or after

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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
3 min read
58

Campco expresses concern over unfair areca import practices, seeks strict regulations to curb them

January 25, 2025
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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

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Economic Development
4 min read
91

Some exemptions likely in new income tax regime, inflation adjusted income tax slabs possible: Rakesh Nangia

January 25, 2025
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The Union Budget is expected to bring new Income Tax legislations. What are the changes likely in overall tax structure? Rakesh Nangia, Managing Partner at Nangia & Co LLP, explained in an interview. There is speculation that the new IT legislation will do away with the concept of assessment year

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