In a significant achievement for India’s floriculture industry, especially in the North Eastern Region (NER), the Agricultural and Processed Food Products Export Development Authority (APEDA) has successfully overseen the first-ever export of Anthurium flowers from Mizoram to Singapore. The ...

The Insurance Regulatory and Development Authority of India (IRDAI) has officially announced the addition of five new members to the restructured Insurance Advisory Committee. These appointments are made in accordance with Section 25 of the IRDA Act, 1999, and Regulation 3A of the IRDA (Insurance ...

The Finance Ministry has reported to the Lok Sabha that public sector banks (PSBs) have transferred over ₹45,000 crore in unclaimed deposits to the Depositor Education and Awareness (DEA) Fund during the period from 2019-20 to 2024-25 (up to December 31, 2024). This fund is managed by the Reserve ...

According to a report from Morgan Stanley, India’s GDP is on track to grow to an impressive $5.7 trillion by the fiscal year 2028, which would make it the third-largest economy in the world, surpassing both Germany and Japan. Right now, India holds the title of the fifth-largest economy, but it’s ...

India’s digital payment ecosystem has witnessed a remarkable surge, with total transactions crossing 18,000 crore in FY 2024-25 (till January 2025). This impressive growth is mainly fueled by the rise of UPI, better partnerships in the fintech space, and government efforts to encourage cashless ...

In India, digital payment transactions jumped from 8,839 crore in FY 2021-22 to an impressive 18,737 crore in FY 2023-24, reflecting a remarkable 46% CAGR (Compound Annual Growth Rate). A significant part of this growth can be attributed to the Unified Payments Interface (UPI), which experienced a ...

The Holi festival has once again proven to be a major economic force for traders and businesses across India. According to the Confederation of All India Traders (CAIT), this year’s Holi sales are expected to exceed ₹60,000 crore, which is a 20% increase from last year’s ₹50,000 crore. The demand ...

India's circular economy is expected to create over $2 trillion in market value and generate nearly 10 million jobs by 2050, as stated by Union Minister Bhupender Yadav. During his address at the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific, he highlighted that this shift ...

The Union government is considering a reduction in the share of central tax revenues allocated to states, from the current 41% to at least 40%. The recommendation will be submitted to the Finance Commission of India, chaired by economist Arvind Panagariya, which is set to present its ...

India's economic growth has significantly improved in the third quarter (Q3) of FY 2024-25, with Real GDP rising to 6.2%, an increase from the previously reported 5.4% in the last quarter. This encouraging growth trend is supported by revised estimates, which now project India's Real GDP growth at ...