Indian Economy

INDIA’S GROUNDWATER GOVERNANCE

Data show that India, with nearly 18% of the world’s population, occupies about 2.4% of the total geographical area and consumes 4% of total water resources. A World Bank report says that India is the largest groundwater user. A rapidly growing economy and population are straining the country’s groundwater resources. …

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CONTESTING THE HEGEMONY OF THE DOLLAR

The fact that the multipolar international system is fast unfolding is reinforced by clear trends in polycentric global geoeconomics. There is significant trade within the Global South; currency swap agreements; trade in national currencies bypassing the dollar; steps towards trading oil and gas in national currencies; the promotion of such …

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TODAY IS NATIONAL TOURISM DAY

Today is National Tourism Day (January 25) and the Ministry of Railways, in partnership with the Ministry of Tourism, is launching its Jagannath Yatra train package, an eight-day tour that begins in from Delhi, traverses Kashi, Baidyanath Dham, Jagannath Puri, Bhubaneshwar and Konark, and ends at the Vishnupad temple in …

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LEATHER INDUSTRY TURNS TO SUSTAINABLE TECHNOLOGY

Sustainable fashion has found its supporters in Tamil Nadu as well. A variety of leather products made with sustainable technology will be displayed at the Indian Finished Leather Manufacturers and Exporters Association (IFLMEA) on February 1. International participants from 15 countries will also take part. R. Vijayan, Chairman, IFLMEA, speaking …

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AMAZON LAUNCHES AIR CARGO SERVICE IN HYDERABAD

E-commerce major Amazon on Monday launched Amazon Air, a dedicated air cargo service to enable faster deliveries to customers in Delhi, Mumbai, Bengaluru and Hyderabad. Quikjet Cargo Airlines, with whom it has partnered, will operate two Boeing 737-800 aircraft to transport customer shipments to the four cities, VP-Customer Fulfilment (APAC, …

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EXIM DATA REVISED, TRADE DEFICIT NARROWS BY $10 BN

India’s foreign trade data for the first eight months of 2022-23 have been significantly revised, with the import bill being scaled up or down by at least two billion dollars in each of those months, in comparison to the preliminary estimates issued by the Union Commerce Ministry. The total merchandise …

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GIG AND PLATFORM WORKERS’ RIGHTS IN INDIA

On January 20, foodtech delivery platform Swiggy announced that it was laying off 380 employees due to challenging macroeconomic conditions. In this article dated September 30, 2021, Sowmiya Ashok explains how the Indian public need to be more informed about the plight of gig workers, taking a leaf out of …

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