Monday, January 18, 2021

anjali mahto

FDI in food processing sector increases by 44 per cent to reach $904.7 million in FY 2019-20

According to a recent data released by the government, Foreign Direct Investment (FDI) in the food processing sector increased by 44 per cent to reach a value of $904.7 million in the financial year 2019-20. In the previous financial...

Global goods trade likely to slump 27 per cent in Q2 of Year 2020: UNCTAD 

On June 11, the United Nations Conference on Trade and Development said that the value of International Trade in goods has decreased around 5 per cent in quarter 1 of 2020. It added that in the current quarter or...

EPFO to provide pensioners the option of submitting life certificates at CSC

EPS (Employees Provident Scheme) Pensioners will now have the option of submitting their Jeevan Pramaan or life certificates digitally through the Common Service Centres (CSC) closer to their homes. Employees Provident Fund Organisation (EPFO) has adopted the multi-agency model...

OECD forecasted India’s GDP to slump by up to 7.3 per cent in FY21 in case of second COVID outbreak

On June 10, Organisation for Economic Cooperation and Development (OECD) released its Economic Outlook in which it said that India's GDP is likely to slump by 3.7 per cent and added that the growth could further go down by...

RBI paper suggests standard reforms for improving bank governance

On June 11, Reserve Bank of India (RBI) issued a discussion paper recommending standards of governance at Commercial Banks. It recommended that bank boards should responsibly maintain the highest standards of governance.  The paper said, "In the context where management...

Tesla becomes world’s most valuable auto manufacturer, vanquishes Toyota

Recently, Tesla (TSLA) has gained the status of the world's most valuable auto manufacturer after its stock value recorded a new high of $1,000 per share. Tesla has beaten up the market value of Toyota to achieve this position....

Parle-G Biscuit sales touch Eighty year high during COVID-19 lockdown

A household name, Parle-G Biscuit sales increased to record an eighty-year high growth during COVID Pandemic induced lockdown period in India. The company has said that this year in the months of March, April and May they have experienced sales...

Adani Green Energy wins bidding for world’s largest solar tender

Adani Green Energy, the renewable energy firm owned by Gautam Adani said on June, 9 that it has won the world's largest solar order to build 8 gigawatts of photovoltaics (PV)  along with a domestic solar panel manufacturing unit...

Nisaba Godrej to be next CEO and MD of Godrej Consumer after Vivek Gambhir resigns

Vivek Gambhir has recently resigned from his position of Managing Director and Chief Executive Officer at Godrej Consumer. He will step down from both of his positions on June 30. Nisaba Godrej is appointed as the new CEO and...

Covid-19 Lockdown : Maruti scaled down production by almost 98 per cent in May 

Maruti Suzuki, India's largest car manufacturer has scaled down its production capacity by 97.54 per cent in May. The company has said in a regulatory filing that it has produced only 3, 714 units in May, this year. While...

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Union Cabinet approves MoU between India and UAE for Scientific and Technical Cooperation

New Delhi: The Union Cabinet on Tuesday gave its approval to the Memorandum of Understanding (MoU) on Scientific and Technical Cooperation between the National...

Kerala High Court halts operation of Kerala Government Order slashing prices of COVID-19 test

Synopsis: Within three weeks of the date of the judgement, the Court ordered the state government to consider the objections posed by the private...