Indian Economy

INDIA’S PUSH FOR SEMICONDUCTORS

The Union Government has disbursed around ₹1,645 crore in performance-linked incentives (PLI) for electronics manufacturers so far, as part of its efforts to bring in more of the electronics supply chain to India. The push for semiconductors, or integrated circuits, is far more pressing now, as these chips are found …

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INDIA TO BUCK GLOBAL SLOWDOWN, MAINTAIN EXPANSION

Even as the global economy is set to slow down or even enter a recession in 2023 as financial markets worldwide face heightened uncertainty, the Indian economy is steadily gathering momentum, Reserve Bank of India (RBI). India had emerged from the pandemic years stronger than initially thought, they asserted. “Unlike …

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CAD TO NARROW, BOLSTER RUPEE AGAINST GLOBAL RISKS

GDP growth may have slowed to 4.4% in the third quarter (Q3) from 6.3% in Q2, but “growth has not gotten shallower” and the momentum has sustained through the course of 2022-23, the Finance Ministry asserted on Monday. Macroeconomic stability was likely to get a further boost this year as …

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PM MITRA MEGA TEXTILE PARKS

The Prime Minister of India has informed that PM MITRA mega textile parks would be set up in some states which will boost the textiles sector in line with 5F (Farm to Fibre to Factory to Fashion to Foreign) vision. Ministry of Textiles78 Aim: The PM Mega Integrated Textile Regions and …

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DOMESTIC SYSTEMATICALLY IMPORTANT BANKS

The failure of Silicon Valley Bank and Signature Bank in the US raises questions on the safety of depositors’ wealth everywhere but such failures are unlikely in the Indian system. What is the basis for the confidence in the resilience of Indian banks? Domestic banks have a different balance sheet structure. …

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GOLDEN CITY GATE TOURISM AWARDS 2023

India Bags Golden & Silver Star at The International ‘Golden City Gate Tourism Awards 2023 at ITB, Berlin 2023. The Golden City Gate Tourism Multi-media Awards are given annually in various categories related to the Tourism and Hospitality sectors. The ‘Golden City Gate’ is a creative multi-media international competition for countries, cities, regions and hotels. The Golden City Gate is the creative and innovative expression of …

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PROMOTING BORDER TOURISM

Last December, Chief of Defence Staff General Anil Chauhan spoke of the need “to repopulate vast unoccupied areas, located even far away from the last villages of the state towards the border” and emphasised the importance of promoting border tourism in such areas. The Government of India has made unprecedented …

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HALLMARK UNIQUE IDENTIFICATION (HIUD) NUMBER

The sale of gold jewellery will not be allowed without a Hallmark Unique Identification (HUID) number. HUID number is a six-digit alphanumeric code. It is given to every piece of jewellery at the time of hallmarking. It is a unique identifier for each gold item. The jewellery is stamped with the unique number manually at the Assaying & Hallmarking centre. Features: …

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