India’s economy grew by 13.5 per cent in the first quarter of the current fiscal, mainly due to the base effect, official data showed on Wednesday. The gross domestic product (GDP) had expanded by 20.1 per cent in the corresponding April-June period of 2021-22, according to data released by the National Statistical Office (NSO). Many analysts had projected the Indian economy will expand at a double-digit growth rate due to the base effect. According to rating agency Icra, the gross domestic product was likely to grow at 13 per cent while State Bank of India in its report, projected the…
Author: Editor's Desk, Tattva News
The Department of Consumer Affairs, Ministry of Consumer Affairs, Food & Public Distribution has directed to Advertising Association of India, Indian Broadcasting Foundation, Broadcasting Content Complaints Council, News Broadcasters and Digital Association, Advertising Standards Council of India, PHD Chamber of Commerce and Industry, Federation of Indian Chambers of Commerce and Industry, Confederation of Indian Industry, ASSOCHAM, International Spirits & Wines Association of India, and Indian Society of Advertisers to ensure strict compliance of the guidelines for prevention of misleading advertisement and endorsement for misleading advertisement especially the provisions pertaining to surrogate advertisements. Department has stated that it has been noticed…
According to the Global Wind Energy Council (GWEC), which has produced a study titled “India Wind Energy Market Outlook 2022-2026,” wind energy has enormous potential in India, with its cost of generation being 40% lower than that of conventional sources of power. According to the study, the levelised cost of energy (LCOE), or the net current cost of generation for a generator throughout its lifespan, for wind is estimated to be Rs 2.8 (US$ 0.035)-Rs. 3.3 (US$ 0.041)/Kwh. Wind turbine prices have risen as a result of rising global shipping costs and the recent increase in goods and services tax.…
India seems to be a clear beneficiary in terms of an attractive investment destination as investment opportunities drag for China, stated a research report by the State Bank of India (SBI). According to the report, India appears to be the greatest alternative, with favourable GDP and inflation forecasts for the current fiscal year. Low mortgage rates, inexpensive unit pricing, and revived demand for homes, fuelled by the Coronavirus pandemic, were mentioned as important reasons for the housing sales boom in India. According to the SBI report, the sale of 158,705 units during the first half of 2022 was 19% higher…
Former Soviet President Mikhail Gorbachev has died “after a serious and long illness,” the Central Clinical Hospital reported on Tuesday. He was 91 years old. Gorbachev will be buried at Moscow’s Novo-Dyevitchiye cemetery, next to his wife, Raisa, Russia’s state-run news agency Tass reported. Gorbachev was the last leader of the Soviet Union before it dissolved. He ruled as general secretary of the Communist Party of the Soviet Union from 1985 until 1991 and was the country’s only president, a title he took in the waning months of his time in office. Young and energetic, his rise in the ’80s…
The Competitiveness Roadmap for India@100 was released by the Economic Advisory Council to the Prime Minister (EAC-PM). The roadmap, which is a part of the India Competitiveness Initiative, was released in the presence of Dr Bibek Debroy, Chairman, EAC-PM, Sanjeev Sanyal, Member, EAC-PM, and the members of the Stakeholders Group formed as part of the initiative. The roadmap is a collaborative endeavour between the EAC-PM and The Institute for Competitiveness and is developed by Dr Amit Kapoor, Chair, Institute for Competitiveness, Professor Michael E. Porter and Dr Christian Ketels of Harvard Business School. It envisions setting new guiding principles for…
Only a few years ago, few people outside of India had heard of Gautam Adani. But the Indian businessman, a college dropout who started out as a diamond trader before switching to coal, became the world’s third-richest person this week. Adani, 60, has spent the last few years diversifying his coal-to-ports business, diversifying into industries ranging from data centres to cement, media, and alumina. The business now owns India’s largest private-sector port and airport operator, as well as the country’s largest city-gas distributor and coal miner. While environmentalists have condemned its Carmichael project in Australia, it committed in November to…
India has been transformed into a strong, confident & self-reliant nation which is fully equipped to deal with all kinds of threats and challenges, said Defence Minister Rajnath Singh at a function in Udaipur, Rajasthan. He stated that the steps taken by the Government in the last eight years have injected a new confidence into the Armed Forces. He asserted that India has never attacked any country, nor has it captured an inch of foreign land, but if anyone ever tries to harm the sovereignty, unity & integrity of the Nation, a befitting reply will be given. “It is the…
According to a report released by India Ratings and Research, the public sector makes up only 20% of the national income, but pays out close to 40% of all wages. In an analysis based on gross value added (GVA) statistics given by the National Statistical Office, it was found that while the public sector’s average proportion of gross value addition for the ten years ending in FY21 was 19.2%, the percentage of wages was 39.2%. The agency said that the private sector contributes 35.2% of wages while making up 36.3% of GVA for the same time period, indicating that the private…
On the International Day of the Disappeared, several global human rights organizations urged the international community must recognize and respond to the widespread use of enforced disappearances in the People’s Republic of China. The rights groups include Amnesty International, China Against the Death Penalty, Chinese Human Rights Defenders, Freedom House, Front Line Defenders, Hong Kong Democracy Council, International Bar Association’s Human Rights Institute (IBAHRI), International Campaign for Tibet, International Commission of Jurists, International Service for Human Rights (ISHR), International Society for Human Rights, International Tibet Network and Lawyers for Lawyers. They urged the international community as a whole to ensure…