Brazil Joins OPEC as Observer: A Strategic Move for Global Energy Influence Brazil’s Entry into OPEC as an Observer Brazil has officially joined the Organization of the Petroleum Exporting Countries (OPEC) as an observer, marking a significant step towards strengthening its influence in global energy markets. This decision comes as part of Brazil’s broader strategy…
India’s Smartphone Exports Reach ₹1.5 Trillion, Boosted by PLI Scheme India’s Smartphone Exports Surge to Record Levels India’s smartphone exports have achieved a significant milestone, crossing ₹1.5 trillion in the financial year, primarily driven by the Production-Linked Incentive (PLI) scheme. This achievement reflects the nation’s growing dominance in the global electronics manufacturing sector, with companies…
India Sets New HS Codes for GI-Tagged Rice Exports India has recently introduced new Harmonized System (HS) codes for the export of Geographical Indication (GI)-tagged rice, a significant move that aims to enhance the country’s rice export trade. This decision will help in better distinguishing rice varieties with GI tags from other types of rice….
PM Modi Inaugurates Utkarsh Odisha Business Conclave: Key Highlights and Implications Introduction to Utkarsh Odisha Business Conclave On January 29, 2025, Prime Minister Narendra Modi inaugurated the Utkarsh Odisha Business Conclave in Bhubaneswar, marking a significant milestone in the state’s growth journey. The event was aimed at fostering economic growth, attracting investments, and positioning Odisha…
The Man Behind India’s First Union Budget: James Wilson India’s first Union Budget was presented in 1860, and it holds significant historical importance. The man responsible for this milestone was James Wilson, a British economist, and civil servant. Wilson, who was appointed as the Finance Member of the Council of India, laid the foundation for…
Piyush Goyal Launches ‘Ease of Doing Business’ Portal to Enhance Business Environment in India On November 29, 2024, Union Minister of Commerce and Industry, Piyush Goyal, launched a significant digital platform aimed at simplifying the ease of doing business in India. The newly launched ‘Ease of Doing Business Portal’ seeks to provide transparent, accessible, and…
Disney-Reliance Merger for Indian Assets Completed Introduction to the Disney-Reliance Merger The highly anticipated merger between Disney and Reliance, involving the transfer of Disney’s Indian assets to Reliance Industries, has been successfully completed. This deal, valued at $8.5 billion, marks a significant milestone in the media and entertainment industry, especially in the Indian market. The…
India’s Exports Soar by 17% in October, Trade Deficit Hits $27 Billion India’s export performance in October 2024 has shown remarkable growth, with exports soaring by 17% compared to the previous year. This growth has been attributed to strong demand for goods in key sectors, including petroleum products, chemicals, engineering goods, and textiles. The overall…
India’s E-Commerce Market Set to Reach $325 Billion by 2030: Deloitte Report Analysis Overview of the E-Commerce Market in India According to a recent report by Deloitte, India’s e-commerce market is projected to reach a staggering $325 billion by 2030. This impressive growth is largely attributed to the increasing internet penetration, mobile device usage, and…
Windfall Tax on Crude Petroleum Slashed to Zero in India What is a Windfall Tax and When is it Imposed? A windfall tax is a levy imposed on companies experiencing a sudden and significant surge in profits due to unforeseen circumstances. It serves a dual purpose: redistributing wealth and generating additional government revenue. Indian Government…
🚀 Exciting News! 📢 Join Our Telegram Channel Now!
Unleash a daily dose of knowledge and stay ahead of the game! 🌐✨ Join our Telegram channel for a thrilling adventure into the world of daily current affairs. 📰🔥 Don’t miss out on the latest updates and insights! Click to join now and be part of the knowledge revolution! 🚀👉
