According to a recent GlobalData report, card payments in India are expected to reach the Rs. 27.9 trillion (US$ 340 billion) mark in 2023, growing 28.6% year-over-year. As per GlobalData, a London-based leading data and analytics company, the value of card payments in India saw a strong rise of 26.2% in 2022, propelled by the country’s expanding economy, consumers’ growing inclination towards electronic payments, and initiatives taken by financial regulators to encourage cashless transactions. The report said that this is probably going to be the case through 2023 and beyond. The transition from cash to card payments has been accelerated by…
Author: Editor's Desk, Tattva News
The Bharat New Car Assessment Programme (Bharat NCAP), which aims to improve road safety by raising vehicle safety requirements for up to 3.5-tonne vehicles in India, was launched in New Delhi by the Union Minister of Road Transport and Highways Nitin Gadkari. While addressing the gathering, he remarked that this was a historic step towards empowering consumers for being able to make a better choice for buying safer cars. In addition, Bharat NCAP, according to Nitin Gadkari, will significantly improve vehicle safety and quality in India while encouraging healthy competition among original equipment manufacturers (OEMs) to produce safer cars. According to the…
After what has been described as “India’s 20 minutes of terror”, as a nation waited with bated breath, the Indian Space Research Organisation’s (ISRO) lunar exploration mission Chandrayaan-3 landed on the Moon’s south pole on Wednesday. India became the fourth nation after the United States, Russia, and China to successfully land a spacecraft on the Moon. Soft landing refers to a controlled landing where the spacecraft lands gently on the surface of the Moon, using a combination of engines, thrusters, and landing gear without causing significant damage to the surrounding area or to itself. “I reached my destination and you…
The 115 candidates list that KCR announced yesterday as candidates for the ensuing assembly elections actually endorses the fact that KCR, for the first time after formation of Telangana, is feeling rattled, says Tarun Chug, BJP General Secretary and Telangana Incharge. In the run up for the announcement, he said that lofty statements have been made about the possible changes and major dropping of MLAs, as most of the MLAs have been facing serious charges of corruption and inaccessibility to the constituency. However, when KCR announced the list re-nominating almost all the MLAs, except in 7 places, the people,…
Despite a slowdown in global demand, India’s overall exports and imports of goods and services crossed the US$ 800 billion mark in the first half of 2023, thanks to a robust increase in the country’s services sectors, according to the think tank Global Trade Research Initiative (GTRI). India’s foreign trade (exports and imports of merchandise and services) reached US$ 800.9 billion in January-June 2023. The GTRI data shows that from January-June of this year, exports of goods and services increased by 1.5% to US$ 385.4 billion, compared to US$ 379.5 billion in the same period in 2022. However, compared to US$…
On August 20, 2023, prominent publisher and democracy advocate, Hisham Kassem was arrested by the Egyptian authorities. Mr. Kassem was summoned to testify in a defamation case filed against him by the former Minister of Manpower, Kamal Abu Eita, accusing Mr. Kassem of insult and slander. After refusing to pay bail of 5,000 Egyptian pounds, Mr. Kassem was referred to al-Sayeda Zeinab police station to be taken into custody. Mr. Kassem currently serves as the Chairman of the Board of Trustees of Free Movement in Egypt. Previously, Mr. Kassem served as the publisher of Al-Masry Al-Youm (known in English as “Egypt…
Union Home Minister Amit Shah on Monday paid tributes to late BJP leader and former Uttar Pradesh chief minister Kalyan Singh- often seen as the most prominent pro-Hindutva OBC face in the state, on his second death anniversary. Singh passed away in 2021. The BJP is organising ‘Hindu Gaurav Diwas’ in Aligarh as a mark of respect for the former chief minister whose birthplace was Aligarh. Addressing a public meeting on the ‘Hindu Gaurav Diwas’ to commemorate the second death anniversary of former CM Kalyan Singh, Shah raised the issue of the Ram Mandir in Ayodhya and said that Kalyan…
Telangana Chief Minister and Bharat Rashtra Samithi (BRS) chief K Chandrasekhar Rao on Monday released the first list of candidates for 115 out of 119 seats for the upcoming Assembly elections. The Chief Minister will contest from Kamareddy and Gajwel and Minister Kalvakuntla Taraka Rama Rao (KTR) from Sircilla. Releasing the list, KCR exuded confidence that BRS will win between 95-105 seats out of the total of 119 in the upcoming assembly polls. He asserted that the BRS’s friendship with Hyderabad Lok Sabha Asaduddin Owaisi-led AIMIM will continue. He further said that candidates have been changed in only seven assembly constituencies. The BRS chief also…
According to a report, the direct contribution of the Indian hotel industry to the country’s GDP is expected to reach US$ 1 trillion by 2047, driven by a large increase in domestic tourist visits and international arrivals. According to the Hotel Association of India (HAI) and Benori Knowledge research ‘Vision 2047: Indian Hotel Industry,’ the hotel industry’s direct contribution to GDP was US$ 40 billion in 2022 and is predicted to reach US$ 68 billion by 2027. It was also stated that it would be close to $1 trillion by 2047. The hotel industry association also stated that in order…
A nonprofit has filed a federal lawsuit to force the U.S. government to block imports of cocoa from Côte d’Ivoire, West Africa. International Rights Advocates say that were left with no alternative but to file this lawsuit due to the lack of a response to their petition submitted over over three years ago. That petition, to U.S. Customs and Border Protection, called for a ban on the import of Ivorian cocoa due to “the irrefutable evidence of forced child labor”. The Tariff Act of 1930 prohibits the importation into the U.S. of any goods made “wholly or in part” using…