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Nivedita Mukherjee

Nivedita Mukherjee

Spices Board steps to enhance safety, quality of Indian spices

Spices Board steps to enhance safety, quality of Indian spices

April 26, 2024

The Spices Board of India is taking proactive steps to ensure the safety and quality of Indian spices meant for exports following reports on recall of a few products of two Indian spice brands in Singapore and Hong Kong due to concerns of potential Ethylene Oxide (ETO) contamination. The recall...

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Adani acquires Gopalpur Port in Odisha for Rs 3,080 cr

Adani acquires Gopalpur Port in Odisha for Rs 3,080 cr

March 27, 2024

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has acquired Gopalpur Port in Odisha for INR 3,080 crore aimed at driving synergy with APSEZ existing ports and strengthening APSEZ’s presence on the East Coast. The acquisition is through a definitive agreement to purchase the...

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S&P global report on RBI: Regulatory steps will make financial sector strong

S&P global report on RBI: Regulatory steps will make financial sector strong

March 27, 2024

India’s financial system regulator, Reserve Bank of India (RBI), is demonstrating a serious commitment to improving governance and transparency at finance companies and banks, with the RBI’s recent measures aimed at curtailing lenders’ over-exuberant, enhancing compliance culture and safeguarding customers. While the global ratings firm has appreciated the RBI’s “diminishing...

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Factory output slows in November; Inflation up

Factory output slows in November; Inflation up

January 13, 2024

Indicating a slowing growth ahead, India’s industrial growth, as measured by the Index of Industrial Production, declined to 2.4 per cent in November 2023, shows the data released by the Ministry of Statistics and Programme Implementation. Meanwhile, Consumer Price Index (retail inflation) in December stayed well above the RBI comfort...

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India, UAE to tap new propositions from industry, business to enhance partnership

India, UAE to tap new propositions from industry, business to enhance partnership

January 11, 2024

India and UAE are ambitiously charting a course to expand bilateral trade to USD 100 billion and both the countries are looking for newer propositions from industry and business to further enhance their partnership. While bilateral trade has increased under the India UAE Comprehensive Economic Partnership Agreement (CEPA), key collaborations such as the India-Middle East-Europe economic corridor, initiatives to promote...

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Exports growth declines 2.83% to $ 33.9 bn in Nov’23, trade deficit shrinks to $ 20.58 bn

Exports growth declines 2.83% to $ 33.9 bn in Nov’23, trade deficit shrinks to $ 20.58 bn

December 16, 2023

Reeling under the impact of a global slowdown, India’s merchandise exports dropped by 2.83 per cent to USD 33.90 billion in November 2023, compared to USD 34.89 billion a year ago. Imports also slipped to USD 54.48 billion in the month under consideration, as against USD 56.95 billion recorded in...

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FICCI seeks extension of FAME II, sops for adoption of over 30 mn EVs in 5 yrs

FICCI seeks extension of FAME II, sops for adoption of over 30 mn EVs in 5 yrs

December 5, 2023

With the time period for the current FAME II scheme nearing completion in March 2024, industry has called for the continuation of the scheme for the next five years for enabling upfront near price-parity for EVs vis a vis ICE vehicle, and to help increase the adoption of EVs over...

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India’s Q2FY24 GDP growth posts resilient 7.6% jump

India’s Q2FY24 GDP growth posts resilient 7.6% jump

December 1, 2023

Surpassing expectations and Reserve Bank of India projections, India’s GDP in the July- September quarter of 2023 (Q2 FY24) registered a robust growth of 7.6 per cent year-on-year, led by a double digit surge in manufacturing sector -- despite the headwinds to exports -- and an upswing in the key...

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