According to the International Energy Agency (IEA), India is anticipated to witness a 6% surge in natural gas demand in 2024, attributed to increased consumption in fertiliser units, power generation, and industrial sectors. After a 7% year-on-year decline in 2022, India experienced a 5% rise in primary gas supply in 2023, with the petrochemical, power […]
Union Minister Ajay Bhatt, speaking at the Advantage Vidarbha program in Nagpur, proudly declared India’s achievement in becoming self-reliant in defense production. He highlighted that, for the first time, India is leading a group of the top 25 countries in defense exports. This success is attributed to the government’s strategic move of banning the import […]
In its efforts to streamline customs processes, India is currently in discussions with 10 countries for Mutual Recognition Agreements (MRAs), as revealed by CBIC chairman Sanjay Agarwal. MRAs are designed to offer reciprocal advantages to trusted exporters in the customs clearance procedures. India presently has operational MRAs with the US, UAE, and Australia. The acknowledgment […]
Investors will closely watch various triggers in the upcoming week, including ongoing Q3FY24 results, the Interim Budget 2024, the US Federal Reserve policy verdict, foreign capital inflow, and other domestic and global cues. The past week saw Nifty 50 and Sensex facing their worst performance since October 27, primarily driven by weakness in the banking […]
As February approaches, individuals can prepare for 11 bank holidays during the month. These include the usual second and fourth Saturdays, along with Sundays. Notably, banks will be open on the first and third Saturdays of the month. The list comprises state-specific holidays, with nationwide closures during national holidays. The Reserve Bank of India (RBI) […]
The United States is set to announce substantial chip grants by the end of March, according to insiders, with plans to allocate billions of dollars to semiconductor manufacturers to boost domestic production. The grants, including those for Intel Corp. and other chipmakers, are a crucial component of the 2022 Chips and Science Act, earmarking $39 […]
Cash-strapped Pakistan has reached out to its close ally China, Pakistan seeks financial assistance of USD 2 billion for a year, as reported on Saturday, 27th January 2024. In a letter to Chinese Premier Li Qiang, caretaker Prime Minister Anwaarul Haq Kakar expressed gratitude for China’s ongoing financial support during Pakistan’s economic crisis. Kakar requested […]