UPI Transactions Surge by 56% in India: Worldline Report Introduction: The Unified Payments Interface (UPI) has witnessed a remarkable surge in transactions in India, as reported by Worldline, a leading payment services provider. The report reveals a staggering 56% increase in UPI transactions, reflecting the growing trend of digital payments in the country. Driving Factors…
Mineral Production in the Country Grows by 5.9% during January 2024 The mineral production in India has witnessed a substantial growth of 5.9% during January 2024. This surge indicates a positive trend in the mining sector, which plays a pivotal role in the country’s economy. The increase in mineral production during this period is attributed…
Mumbai Surpasses Beijing as Asia’s Billionaire Capital In a significant shift of economic power, Mumbai has overtaken Beijing to claim the title of Asia’s billionaire capital, as per the latest report by the Hurun Research Institute. This report marks a milestone in the economic landscape of Asia, highlighting the rapid growth and emergence of India…
GOI Approves Electric Vehicle Policy to Boost Local Manufacturing The Government of India (GOI) has recently given the green light to a comprehensive Electric Vehicle (EV) policy aimed at revitalizing the automotive sector and bolstering local manufacturing. This move comes in the wake of escalating concerns regarding environmental sustainability and the urgent need to reduce…
India’s Human Development Index Ranking: 134 out of 193 Countries – A Detailed Analysis India’s recent Human Development Index (HDI) ranking of 134 out of 193 countries has sparked discussions nationwide. This ranking, provided by the United Nations Development Programme (UNDP), sheds light on India’s progress and challenges in various socio-economic aspects. India’s HDI ranking…
Sikkim Becomes the First Northeast State to Reinstate Old Pension Scheme for Employees Sikkim, the picturesque northeastern state, has recently made a significant decision that marks a crucial step in addressing the welfare of its employees. In a pioneering move, Sikkim has become the first state in the Northeast region to reinstate the old pension…
LNG as a Transportation Fuel: A Joint Report by NITI Aayog and the Kingdom of the Netherlands The transportation sector is on the brink of a revolutionary shift, as NITI Aayog and the Kingdom of the Netherlands collaborate on a groundbreaking report advocating for the use of Liquified Natural Gas (LNG) in medium and heavy…
India’s E-Retail Market Poised to Surpass USD 160 Billion by 2028 The e-retail sector in India has been witnessing a meteoric rise, projected to soar beyond USD 160 billion by 2028, as per recent reports. This astounding growth trajectory is underpinned by various factors that delineate a promising landscape for the digital commerce domain in…
India Implements Duty-Free Import of Yellow Peas to Regulate Pulse Prices The Indian government has recently taken a significant step in regulating pulse prices by implementing duty-free import measures for yellow peas. This move comes as a strategic intervention to counter the soaring prices of pulses and ensure a stable supply in the domestic market….
Women’s Labor Force Participation Reaches Record High of 24% in Q2FY24 – Unemployment Trends Shift The evolving landscape of the workforce in Q2FY24 has seen a remarkable surge in women’s labor force participation, marking a historic high of 24%. This substantial increase in female participation is a pivotal shift in the employment paradigm, reflecting a…
