Indian Economy News

March 19, 2024

Government CPSE dividend collection hits a record high of US$ 7.4 billion (Rs. 61,149 crore).

The government's dividend revenue from non-financial central public sector enterprises (CPSEs) and entities in which it holds minority stakes has reached an unprecedented level of US$ 7.4 billion (Rs. 61,149 crore), demonstrating an impressive 22% surge compared to the revised projection for the fiscal year 2023-24.

The centre will purchase 1,650 tonnes of onions for exports to Bangladesh.

The National Cooperative Export Ltd (NCEL), India's export agency, intends to purchase 1,650 tonnes of onions from private traders at Rs. 29/kg for shipment to Bangladesh.

New scheme to boost EV adoption manufacturing in India: Additional Secretary of the Ministry of Heavy Industries, Mr. Hanif Qureshi

The Ministry of Heavy Industries introduced the Electric Mobility Promotion Scheme (EMPS) to strengthen India's electric vehicle (EV) sector, closely aligning with the ideals of Atmanirbhar Bharat.

Insurance sector attracted US$ 6.5 billion (Rs. 54,000 crore) FDI in the last 9 years: Secretary of Department of Financial Services, Dr. Vivek Joshi

Secretary of Department of Financial Services, Dr. Vivek Joshi reported that in the last nine years, the insurance sector has seen substantial foreign direct investment (FDI) totalling close to US$ 6.5 billion (Rs. 54,000 crore), propelled by the government's gradual easing of regulations concerning overseas capital inflow.

Expect to have over 50 World Trade Centres in India in the next 5-7 years: Chairman of the World Trade Centres Association (WTCA), Mr. John E. Drew

Amid global uncertainties, World Trade Centre (WTC) expands in India's resilient office market. Chairman of the World Trade Centres Association (WTCA), Mr. John E. Drew highlights brand performance, growth catalysts, and global expansion strategies for WTC.

Fashion, grocery to capture 2/3rd of e-commerce by 2027: Falguni Nayar

Ms Falguni Nayar, Nykaa's founder, projects fashion, grocery, and general merchandise to constitute two-thirds of e-commerce demand by 2030. She shared this insight at the New Delhi Startup Mahakumbh recently.

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