Make more transfers to states conditional: RBI

The Reserve Bank of India has urged the Finance Commission to consider recommending “an increased share of conditional transfers” to the state governments, based on reforms, quality of expenditure and fiscal sustainability. This, it said, would help harness healthy competition across the states, and strengthen the fiscal consolidation drive. The RBI‘s comments comes shortly after […]

3 mins read

Food inflation rises to 8.7% in Nov

Annual food inflation in retail markets rose to 8.7% in November from 6.61% in October on year, as prices of vegetables, cereals, pulses and spices firmed up.The relevant consumer food price index (CFPI) last month recorded a sequential rise of 1.05% while food inflation in November, 2022 was 4.67% on year. Deflation in edible oils […]

3 mins read

Multi-sectoral response is required to improve access to nutrition: Greg S Garrett, Executive Director, ATNI

India’s food processing industry is now the world’s sixth largest and is expected to reach INR 40.1 trillion by 2026. According to experts, the nutritional landscape is changing in India. Changes in consumers’ diets in India play a significant role in both, especially overweight and obesity. The World Health Organization (WHO) India’s 2023 report on […]

12 mins read

Defence ministry’s Technology Development Fund sanctions 70 projects involving Rs 291 crore so far

The Technology Development Fund (TDF) scheme under the Ministry of Defence, which aims to boost MSMEs and startups’ engagement in designing and development of various defence technologies indigenously, has so far sanctioned 70 projects amounting to Rs 291.25 crore to various industries. In addition, 16 defence technologies have been successfully developed/realised under the scheme, informed […]

2 mins read

Indian VDA Exchanges: How vigilant are users while choosing an exchange

By Sumit Gupta As the Indian Virtual Digital Assets (VDA) landscape undergoes transformative shifts, discussions around compliance and consumer protection are gaining prominence, and for a compelling reason – India boasts the highest number of VDA investors globally, as highlighted in a recent report by Chainalysis. While the majority of VDA exchanges in India are […]

4 mins read

US Fed keeps interest rates unchanged with rate cut indication in 2024, economists say global central banks to follow suit

After the US Federal Reserve announced to keep its benchmark interest rates unchanged, signaling three quarter-point cuts to their benchmark interest rate in 2024, economists in India said that it would not be surprising to see other major global central banks following suit in the latter half of next year. “We believe that the Fed […]

4 mins read

German Varsity’s Nano Master earns credit recognition through Joint Certification with Indian Sector Skill Councils

German Varsity, a cluster of more than 10 universities and more than 40 industries in Germany have collaborated with Indian Sector Skill Councils (SSCs) for certification courses in new-age disciplines. The event, held at the PHD Chamber of Commerce, recognising and accrediting German Varsity’s Nano Master programme, as per the official announcement. This collaborative initiative […]

1 min read