In a significant boost to Bihar’s industrial development and global trade ambitions, Hon. Minister of Industries & Tourism, Shri Nitish Mishra, inaugurated Bihar’s first Dry Port and Inland Container Depot (ICD) in Bihta. The facility, developed by Pristine Logistics, marks a turning point for the state’s export potential, enabling direct international trade from Bihar. Key…
The transition away from coal in India presents a complex and costly challenge, as revealed by a recent study from iForest. Over the next 30 years, India will require more than $1 trillion (Rs 84 lakh crore) to phase out coal while ensuring socio-economic stability for coal-dependent regions. Coal Resource in India India’s estimated coal…
The central government has announced the extension of the SAMARTH Scheme for two additional years, covering FY 2024-25 and 2025-26. With an allocated budget of Rs. 495 crore, the scheme aims to train 3 lakh individuals in textile-related skills, further strengthening the country’s textile industry. What is the SAMARTH Scheme? The Scheme for Capacity Building…
According to the latest World Energy Outlook 2024 report, India is poised to face a higher increase in energy demand than any other country over the next decade. This surge is largely driven by India’s rapid economic growth, urbanization, and expanding infrastructure, with significant implications for global energy markets. About the World Energy Outlook 2024…
Poverty is a pervasive issue affecting millions worldwide, but it is crucial to recognize that its impact is not gender-neutral. A recent report from UN Women reveals alarming statistics regarding the plight of women in poverty, highlighting that approximately 2 billion women and girls lack access to essential social protection. This significant gap in support…
The 2024 Nobel Prize in Economic Sciences has been awarded to three distinguished scholars: Daron Acemoglu, James A. Robinson, and Simon Johnson. This recognition comes for their extensive research on the critical role that institutions play in shaping the economic prosperity of nations. Their work highlights how the quality of governance, legal frameworks, and institutional…
The recent Twitter spat between Ola CEO Bhavish Aggarwal and comedian Kunal Kamra brought attention to customer dissatisfaction regarding Ola’s electric scooters and its service centers. The incident began when Kamra, known for his candid and often politically charged commentary, took to X (formerly Twitter) to share an image of a large number of Ola…
Historic Milestone: Forex Reserves Reach $704.89 Billion India’s foreign exchange reserves have surpassed $700 billion for the first time, reaching $704.89 billion for the week ending September 27. This increase of $12.59 billion marks one of the largest weekly rises since mid-July 2023, as reported by the Reserve Bank of India (RBI). Components of the…
A fire at Tata Group’s iPhone component plant in southern India has caused significant disruptions just ahead of the festive season, a key period for iPhone sales in the country. The fire, which occurred over the weekend, halted production at Tata’s Hosur plant in Tamil Nadu. While 10 workers sustained minor injuries, the production halt…
