DPIIT and KOTI Ink MoU for Logistics Infrastructure Growth Introduction to the News In a significant move towards enhancing India’s logistics infrastructure, the Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with KOTI, a prominent logistics company, to strengthen the logistics sector in India. This Memorandum of Understanding (MoU) was signed with…
RBI’s New Framework for Converting FPI Holdings to FDI The Reserve Bank of India (RBI) recently introduced a new framework to facilitate the conversion of Foreign Portfolio Investment (FPI) holdings into Foreign Direct Investment (FDI). This move aims to attract more long-term investments into the Indian economy and support the growth of businesses. Under this…
PM Modi’s Address at the Economic Times World Leaders Forum Introduction to PM Modi’s Address On September 1, 2024, Prime Minister Narendra Modi delivered a significant address at the Economic Times World Leaders Forum. This prestigious event, held annually, gathers global leaders, economic experts, and influential personalities to discuss pressing issues and future trends. PM…
India Likely to Grow at 7.5% in FY25: NCAER Economic Forecast by NCAER The National Council of Applied Economic Research (NCAER) has forecasted that India is likely to witness a growth rate of 7.5% in the fiscal year 2025 (FY25). This optimistic projection is driven by a combination of factors, including robust domestic demand, increased…
UN Revises India’s 2024 Economic Growth Projection Upwards to Nearly 7% In a significant development, the United Nations (UN) has revised India’s economic growth projection for the year 2024, foreseeing a substantial upturn to nearly 7%. This upward revision marks a notable shift in the global economic outlook, particularly amidst the challenging landscape of post-pandemic…
UNCTAD Raises India’s 2023 Growth Estimate to 6.6% In recent news, the United Nations Conference on Trade and Development (UNCTAD) has revised India’s growth estimate for the year 2023, forecasting a substantial increase to 6.6%. This upward revision comes as a positive development for aspirants preparing for various government exams, including positions in teaching, policing,…
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