Foreign direct investment (FDI) in India’s food processing sector experienced a significant decline of 30% in the fiscal year 2023-24, totaling Rs 5,037.06 crore, down from Rs 7,194.13 crore in 2022-23. This decline follows a series of fluctuating FDI levels over recent years, with previous figures including Rs 5,290.27 crore in 2021-22, Rs 2,934.12 crore…

The Lok Sabha speaker on August 17, named the constituents of the six new Parliamentary Committees including the Public Accounts Committee (PAC) which examines government expenditure. Ganesh Singh, BJP MP from Satna, Madhya Pradesh has been appointed as the chairperson of the Committee on Welfare of Other Backward Classes. Six New Parliamentary Committees for 2024-25…

Telangana, a vibrant state in southern India, proudly celebrates its cultural identity through its state song, “Jaya Jaya He Telangana.” Composed by Ande Sri, this song embodies the state’s rich heritage and unity. Adopted in 2014, it plays a vital role in state functions and cultural events, fostering pride and connection among its people. What…

India has reduced the windfall tax on petroleum crude oil to Rs 2,100 per metric tonne, effective August 17, down from Rs 4,600 per tonne. This adjustment follows a previous reduction of 34.2 percent to Rs 4,600 on July 31. The government has also eliminated the windfall tax on the export of diesel and aviation…

The Union Cabinet has greenlit significant airport infrastructure projects in West Bengal and Bihar, with a total investment of approximately ₹2,962 crore. These developments are set to enhance air travel facilities and address growing passenger demand in these regions. Patna’s Second Airport The Cabinet has approved the construction of a second airport at the Indian…

Silk is a luxurious and highly sought-after textile, renowned for its softness and sheen. The production of silk has a rich history, and today, it remains a significant industry in various parts of the world. Among these, China stands out as the largest producer of silk globally. This article explores China’s dominance in silk production,…

India has initiated an anti-dumping investigation into the import of hot rolled flat products from Vietnam following complaints that these products are being sold at significantly low prices, negatively impacting the domestic steel industry. The move, driven by requests from leading Indian steelmakers such as JSW Steel and ArcelorMittal Nippon Steel India (AM/NS India), seeks…

The latest “Men and Women” report by the National Statistical Office (NSO) reveals a stark financial disparity between men and women in India. While women own a significant portion of bank accounts, their share of total deposits remains disproportionately low, indicating a deep-rooted gender gap in financial status. Key Findings Bank Deposits Ownership vs. Deposits:…