India - The Purbottar

08 Mar

Economic Indicators Show Positive Trend in India

Sonakshi SarkarIndia

India's composite flash Purchasing Managers' Index (PMI) has recorded an increase for the first time after three consecutive quarters of decline. This uptick suggests a potential revival in economic activity, driven by improvements in both manufacturing and service sectors. Economists view this development as a positive sign, indicating resilience in the Indian economy amidst global uncertainties. The government continues to focus on reforms and policies aimed at sustaining this growth momentum in the coming months.

22 Feb

India to Launch First Solar-Powered Express Train

Sonakshi SarkarIndia

The Indian Railways has announced the launch of its first fully solar-powered express train, set to begin operations later this year. The train, equipped with rooftop solar panels, will generate electricity to power its lighting, fans, and air-conditioning systems, reducing dependence on diesel and grid electricity. This initiative aligns with India’s goal of achieving net-zero carbon emissions in rail transport by 2030. The government plans to expand this technology to more trains in the coming years. Experts believe this step will significantly cut operational costs and reduce the railway’s carbon footprint, making public transport more sustainable.

04 Feb

Government of India has reduced import duty on certain motorcycles

editorIndia

In a significant move to boost consumption and stimulate economic growth, Finance Minister Nirmala Sitharaman has unveiled a budget that offers substantial tax relief to India's middle class. Under the new provisions, individuals earning up to ₹1.2 million ($13,800) annually will be exempt from income tax, while adjusted tax brackets will benefit those with incomes up to ₹2.4 million. The government has also eased regulations on second home ownership and reduced duties on various consumer goods, measures expected to cost the exchequer approximately ₹1 trillion in revenue. This shortfall may impact capital expenditure plans. The state of Bihar is poised…

14 Jan

Parliament Adjourned Amidst Protests

editorIndia

The Winter Session of Parliament was adjourned sine die amid protests from both opposition and treasury benches. The session witnessed heated debates over various issues, leading to frequent disruptions. Despite the turmoil, several bills were passed, including those facilitating the conduct of simultaneous polls in the country. The Speaker urged members to engage in constructive dialogue and uphold parliamentary decorum in future sessions. The adjournment has prompted discussions on the need for reforms to ensure the smooth functioning of legislative proceedings.

31 Oct

PM Modi commemorates Sardar Patel’s 150th birth anniversary

editorIndia

Prime Minister Narendra Modi today claimed that some people are trying to destroy national unity. He urged citizens to recognize this "coalition of urban Naxalites." On National Unity Day, which fell on Diwali this year, the Prime Minister was addressing a crowd in front of Sardar Vallabhbhai Patel's statue in Kewadia ,Gujarat. A new chapter is being written in India's history. The world is watching how India is dealing with its problems. To represent backward classes in terms of employment and education, calls for a caste census. The block centered its people on the theme "Save the Constitution." . According…

28 Oct

Recently gold prices drop to 77,662 rupees per 10 gram a day before Dhanteras

Ashish MajumderIndia

Spot gold prices declined by 0.48% to 77,622 rupees per 10 grams around 10 am IST on this Monday, a day before Dhanteras, according to MCX data. Meanwhile, Gold futures prices on the MCX for December 05, 2024, actually dropped by 0.42% to 78,200 rupees. In fact the short term decline in gold prices was attributed to a rise in US dollar (currently at 84.07 rupees per dollar). This is very important news and it will be useful for many people. In Indian culture gold has lots of importance and everyone want to have some gold. In fact gold is…

22 May

Deepinder Goyal shares his struggle in building his startup world

editorIndia

Deepinder Goyal the CEO of Zomato which was started in 2008. During a recent event organised by Union Minister Hardeep Singh Puri, Deepinder shared about his journey to building his own empire. Deepinder recalled when he was about to start Zomato, his father reacted saying, "Janta hai tera baap kaun hai?"(Do you know who is your father) which means they can't afford for a startup company, due to their humble background. He further added, "But it was this government and their initiatives enabled a small town boy like me to build something like Zomato, which employs lakhs of people today!"…

13 May

Several schools in Jaipur, Rajasthan get bomb threats

editorIndia

Weeks ago bomb threats were sent to150 schools in the Delhi National Capital Region (NCR). Following, the incident, Rajasthan, Jaipur schools have now received the same threat via email. According to the sources, police along with his team have started conducting thorough research on the matter, investigation is underway.

03 May

OECD revises India’s FY2015 progress forecast to 6.6%

editor0 CommentsBusiness, Economy, India, News

The Organization for Economic Co-operation and Development on Thursday raised India's FY2025 growth forecast to 6.6% from an earlier estimate of 6.2%. "Despite relatively sluggish private consumption growth, strong investment and improving business confidence in India are projected to propel real GDP growth to more than six and a half per cent in both FYs 2025 and 26," the OECD (Organization for Economic Co-operation and Development) said.

01 May

Indian Oil’s quarterly profit Downfall 52% due to inventory losses, low fuel prices

editor0 CommentsBusiness, Economy, India

Indian Oil Corporation (IOC) on Tuesday reported a 52 percent decline in fourth quarter profit as the company sold fuel below market prices due to inventory losses. While India is the world's third-largest oil importer and consumer, Indian Oil controls about a third of India's five million barrel-per-day refining capacity with its unit Chennai Petroleum. However, India has been buying increasingly cheaper Russian oil as discounts have fallen from $30 a barrel in 2022 to less than $10 this year, while refiners also cut fuel prices at the pumps ahead of this year's general elections. IOC reported a 52% decline…