India’s shipping ministry is taking a bold step towards a greener future for inland water transport. Aiding this transition is a proposed ₹15,000 crore viability gap funding (VGF) plan designed to incentivise companies to adopt eco-friendly vessels over the next decade. The Need for Greener Vessels Currently, the inland water transport sector relies heavily on …
India’s infrastructure landscape is witnessing a shakeup with the arrival of the National Bank for Financing Infrastructure and Development (NaBFID). Established in 2021, this young player is making waves by offering competitive rates and challenging the dominance of state-run banks in large project financing. Competitive Rates and Strategic Lending NaBFID’s key advantage lies in its …
On June 25, 2024, the Reserve Bank of India (RBI) released data on India’s external debt. While the headline figure showed a rise in external debt, a closer look reveals a positive trend. External Debt Up, But Ratio to GDP Down India’s external debt reached $663.8 billion at the end of March 2024, reflecting an …
India is set to significantly increase its solar cell manufacturing capacity, a move that aims to curb the nation’s dependency on Chinese imports. The government’s push for self-sufficiency in solar manufacturing is part of a broader strategy to enhance local production and ensure energy security. Boosting Domestic Production India’s solar cell-making capacity is expected to …
India kicked off its latest auction for 5G airwaves on Tuesday, with a total value exceeding ₹96,000 crore. This auction marks a significant step towards establishing a robust 5G infrastructure within the country. Reduced Spectrum Offering While the auction encompasses 8 different frequency bands, the total amount of spectrum available (10.5 GHz) is considerably lower …
On June 22, 2024, Finance Minister Nirmala Sitharaman led the 53rd GST Council meeting. The session covered several essential measures, such as tax amendments, the integration of Aadhaar biometrics, and exemptions for railway services. Highlights from the 53rd GST Council Meeting: Aadhaar Authentication The GST Council suggested rolling out biometric-based Aadhaar authentication for GST registration …
According to a recent study by Nasscom and Zinnov, India has over 3,600 startups working in advanced technology fields like deeptech, ranking 6th globally in this sector. In the year 2023 alone, over 480 new deeptech startups were founded, twice the number established in 2022. This information is detailed in the report ‘India’s deeptech dawn: …
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The Reserve Bank of India (RBI) has recently released its bi-monthly report (May 2024) about Consumer Confidence Survey (CCS). The survey report indicates the perceptions of people (current vs. that of last year) and their expectation of how things would be after one year. The survey is done across 19 cities. The current survey was …
On June 12, 2024, the Telecom industry body Cellular Operators Association of India (COAI) said it expects the government to assign the 6 GHz band spectrum for expanding 5G networks. Additionally, COAI proposed implementing a policy where major applications would bear the cost of excessive data traffic they generate. The association, representing key players like …
