February 18, 2025, saw the 3rd anniversary of the India-UAE Comprehensive Economic Partnership Agreement (CEPA). Signed on February 18, 2022, during a virtual summit between India’s Prime Minister Shri Narendra Modi and the UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the agreement came into force on 1st May 2022. The bilateral merchandise …
The Pradhan Mantri Awas Yojana (PMAY) has been a game-changer in India’s housing sector, offering a bold and much-needed solution to the country’s rising housing demands, particularly for Economically Weaker Sections (EWS) and low-income groups. Launched in 2015 by the Government of India, this visionary initiative has reshaped both urban and rural housing landscapes across …
Defence Secretary Rajesh Kumar Singh has announced that India’s defence budget will increase by 9.5% in 2025-26, reaching ₹6.81 trillion, up from ₹6.21 trillion in the current year. Focus on Modernisation and Domestic Procurement Singh highlighted that India plans to spend $30 billion annually over the next decade to modernise its defence forces. Of this …
In January 2025, diamond exports fell due to economic instability and tariff threats, while gold jewellery exports grew by 20.48%. With economic uncertainty pushing consumers to invest in gold as a safe-haven asset, diamonds faced subdued demand, particularly in major markets. Diamond Exports and Imports Decline In January 2025, gems and jewellery exports dropped by …
India’s trade deficit expanded to $22.9 billion in January, up from $21.94 billion in December, driven by high imports amid a weak rupee. Exports grew by 1.39% during April-January, while imports surged by 7.43%, according to provisional data released by Commerce Ministry on February 17. Rising Imports and Revised December Figures India’s trade deficit expanded …
The USD/INR exchange rate exhibited fluctuations this week, reflecting a mix of market factors. Starting at 87.469 on February 10, 2025, the pair saw a 0.17% decline, trading at 86.84 on February 14, 2025, as of 3:12 PM. The highest level recorded during the week was 87.997, while the lowest touched 86.327. The fluctuations are …
On Thursday, February 13, 2025, Finance Minister Nirmala Sitharaman presented the new Income Tax Bill, 2025, in the Lok Sabha as part of efforts to reform the tax system. The new Income Tax Bill aims to simplify and streamline provisions to enhance clarity and reduce the potential for legal disputes. This new legislation will replace …
On Friday, February 14, 2025, at 5 AM, IST, Prime Minister Narendra Modi and newly elected US President Donald Trump concluded their bilateral meeting at the White House, discussing, defence, tariffs, immigration and other important matters. In this read, we will have a look at the key highlights of the bilateral meeting between Prime Minister …
India’s electric vehicle (EV) landscape is undergoing a transformative shift, thanks to the implementation of several government initiatives designed to promote the adoption and manufacturing of EVs. These schemes are paving the way for a greener and more sustainable transportation future, fostering innovation, boosting domestic manufacturing, and addressing the growing need for clean energy solutions. …
The Government of India has sanctioned a total of ₹3,295.76 crore for 40 tourism development projects across 23 states for the financial year 2024-25, under the ‘Special Assistance to States for Capital Investment (SASCI) – Development of Iconic Tourist Centres to Global Scale’ scheme. The goal of this initiative is to comprehensively develop iconic tourist …
