BUSINESS
Why are Indian women dropping out of workforce at an alarming rate?
Women's participation in the workforce has almost halved to 19 percent in the last three decades. Experts say work-life balance issues, gender role expectations and socio-economic imbalances in India are leading to the exodus.
BUSINESS
India, Australia to finalise trade pact this year, says Anthony Albanese
"CECA will open new employment opportunities for both countries. We will finalise and hope for an early conclusion of CECA this year."
BUSINESS
Eye on cargo demand: Boeing, GMR to set up country's first conversion facility for planes
Globally, 1,720 freighter conversion is likely to happen annually, of which many will now be done in India, says Salil Gupte, President, Boeing India
BUSINESS
Australia's Deakin University ties up with TCS, Infosys for GIFT City campus: Vice-Chancellor
Deakin University has tied with five companies – TCS, Infosys, HSFC, HCL, Zebia – for guest lectures and internships. It will not be a pure academic course but will have integration with industry work, Vice-Chancellor Iain Martin told Moneycontrol.
TECHNOLOGY
Women's Day 2023: I don’t think I could balance my family and work very well: ICMR-NARI Director Sheela Godbole
'I expect perfection. I also lead by example. Carry the tribe of women upward with you,' says Dr Sheela Godbole, who counts physicist Marie Curie as her inspiration and has led India’s fight against HIV for more than two decades
BUSINESS
Will ramp up quality standards for imported goods to give local manufacturing better footing: Piyush Goyal
The country has witnessed indiscriminate imports of low quality in the past, which has increased the trade deficit and has broken the back of our manufacturing, the Union minister said.
BUSINESS
Effective state capital expenditure in FY24 will be double than budgeted: Kerala FM
“The capital expenditure portion has not been reduced in the 2023 budget. For the centrally aided projects, the Centre is now directly transferring via direct benefit transfer. So, it is not reflected in our capital expenditure," said KN Balagopal.
INDIA
Trade unions do not repel investors, Kerala is investor-friendly, says KN Balagopal
The Kerala Finance Minister said the state is expecting around Rs 60,000 crore worth of development work in and around the Vizhinjam port area.
BUSINESS
Kerala faces serious financial threat, have to raise funds via cess in FY24: state FM Balagopal
"Due to natural calamities, COVID and below revenue-neutral GST rates, our funds have gone down. So states requested for extension of the compensation period by further five years. But the Union government is not taking any stand," Balagopal said.
BUSINESS
Tourism and remittances, the mainstay of Kerala, back on track: state FM Balagopal
The minister said the tourism sector would be one of the major areas of income generation and employment. "We are spending a lot, with a lot of initiatives to support tourism back from the COVID situation. For the tourism sector, we hope that the recovery will be very, very fast," he noted.
BUSINESS
Every tourist destination should develop its revenue model: PM Modi
PM Modi said that destination weddings have a huge scope of developing as an ecosystem as India's middle and upper classes are increasingly opting for it.
BUSINESS
Ajay Banga's experience will stand him in good stead at World Bank: FinMin
"Congratulations to Ajay Banga on being nominated to lead World Bank. India supports Banga's nomination and looks forward to his leadership of the World Bank," the Finance Ministry said in a tweet.
BUSINESS
India processing 75% waste, circular economy is foundation of urban development: Modi
"First, we need to strengthen urban planning ecosystem in states. Secondly, private sector expertise needs to be used in urban planning. Thirdly, we need to develop centres of excellence to take urban planning to a new level."
ECONOMY
IMD: India to witness above-normal temperatures from March-May
"Except peninsular parts, all parts are likely to have above normal temperature," the Indian meteorological department said.
BUSINESS
Agri ministry, IMD meeting every month to prepare contingency plan for El Nino impact: Mrutyunjay Mohapatra
IMD provides agro-meteorological advisory services including weather forecasts and crops for each district.
BUSINESS
Exclusive: FinMin completes Vi debt-to-equity conversion, govt holds 33.4% stake
The government does not intend to stay in it for long, and will look for an exit route once the share price is above Rs 10.
ENVIRONMENT
El Nino may trigger a drought-like situation in India, warns DS Pai
Temperatures are rising across the country and predictions are for an increase above normal. Punjab farmers are already worried about the rising temperature and its impact on the wheat crop. A 1 degree Celsius increase in the temperature can hit wheat production by 6 metric tonnes, another expert warns.
BUSINESS
PM Modi exhorts health sector to upgrade manufacturing with tech to reduce import reliance
India’s medical device market is estimated at more than $11 billion (Rs 87,752 crore), with overseas suppliers contributing over 70 percent
BUSINESS
Borrowings by states or their organisations have to be within 3.5% of GSDP: Finance Secretary TV Somanathan
The Union Budget has kept 3.5 percent of gross state domestic product as states' borrowing limit for FY24 which includes a 0.5 percent conditional window linked to power sector reforms.
BUSINESS
PM Modi pushes for solar power, group housing models to reach the last mile
This year’s Budget has paid special attention to taking the mantra of reaching the last mile to tribal and rural areas, the Prime Minister said while addressing a post-budget webinar
BUSINESS
El Nino return can presage lower farm output and higher prices in FY24: FinMin
Some meteorological agencies predict the return of El Nino conditions in India this year.
BUSINESS
Recent innovation in digital finance may pose risk of destabilisation: Modi
The prime minister made the remarks while addressing the first meeting of finance ministers and central bank governors under India's G20 presidency, virtually, on February 24.
BUSINESS
India’s FY24 Union Budget presents huge opportunities for investors in green energy: PM Modi
PM Modi said that FY24 Union Budget will make India a lead player in the renewable energy market globally.
BUSINESS
India may overtake Germany to become 4th largest economy this year: Deepak Bagla
Two-thirds of India’s GDP is driven by domestic demand. Demand is ahead of supply and market forces are driving it, the Invest India chief said.
