Author: Bhakti Narayanan

As a party to the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement, India initially presented its Nationally Determined Contribution (NDC) in 2015. The NDC included targets to achieve a 33 to 35% reduction in the emissions intensity of its GDP by 2030, compared to the 2005 level, and to reach around 40% cumulative electric power installed capacity from non-fossil fuel-based sources by 2030. Surpassing expectations, as of October 31, 2023, India’s cumulative electric power installed capacity from non-fossil fuel-based sources stands at 186.46 MW, constituting 43.81% of the total. Additionally, India reported a 33% reduction…

EY’s report highlights the transformative potential of Generative AI (GenAI), projecting a significant injection of $1.2 – 1.5 trillion into India’s GDP over seven years, with an additional $359-438 billion expected in the 2029-30 period. Key sectors such as business services, finance, education, retail, and healthcare are identified as pivotal drivers, collectively contributing to 69% of GenAI’s impact. Mr. Mahesh Makhija, Technology Consulting Leader at EY India, emphasizes the rapid adoption of an AI-first approach, noting its role in enhancing customer engagement and boosting productivity. Despite the optimistic outlook, the report underscores the imperative for India to intensify efforts, particularly…

As the Lok Sabha elections approach, the BJP is strategically targeting the Thrissur constituency, anticipating a breakthrough. Prime Minister Narendra Modi is set to launch the party’s election campaign on January 2 at Thekkinkadu Maidan, hosting a women empowerment conference. The BJP aims to attract over 2 lakh women, transcending party lines for support. Kerala BJP chief K Surendran expects the participation of prominent women, including ASHA workers, Anganwadi workers, MGNREGA workers, entrepreneurs, and social activists. The event doubles as a platform for women to applaud the Prime Minister for the women’s reservation Bill. Modi’s upcoming visit was previously disclosed…

The Indian residential real estate market is witnessing a substantial upswing, projecting home sales at Rs. 4.5 trillion (US$ 53.99 billion) by year-end, a significant 38% rise from 2022’s Rs. 3.27 trillion (US$ 39.23 billion). Anarock Group’s report reveals strong quarter-on-quarter growth, marking a 7% increase in total residential property sales for the first nine months of 2023, surpassing the entire sales value of the previous year. Notably, the top seven cities saw Rs. 3,48,776 crore (US$ 41.86 billion) worth of inventory sold during this period, exceeding the entire inventory sold in the preceding year. Anuj Puri, Chairman of Anarock…

In its annual report, global hiring platform Indeed revealed a noteworthy 7.40% increase in blue-collar worker recruitment in India in 2023. The study, spanning January to November, involved insights from 1,223 employers, 2,671 blue-collar jobseekers, and 2,637 white-collar jobseekers. Indeed’s blue-collar hiring tracker highlighted logistics, construction, real estate, tourism, and hospitality as sectors with significant job opportunities. Kolkata led in hiring growth, followed by Pune and Chandigarh, emphasizing evolving dynamics in India’s blue-collar workforce. The survey links job growth in Tier-II cities to SMB expansion, urbanization, and a cost-effective labor market. Gen Z candidates are preferred by blue-collar employers (49%),…

In the fiscal year 2022-23, international cruise liners made 60 port calls in Indian cities, followed by an additional 29 calls until October 31, 2023. A comprehensive set of incentives has been put in place to attract and support these visits. These include berthing priority, rationalized cruise tariffs, waiver of ousting charges, extended visa facilities, a unified e-Landing Card for streamlined entry, cabotage relaxation, and conditional Integrated Goods and Services Tax (IGST) exemption. In addition to these incentives, dedicated sessions at the Global Maritime India Summit and successful terminal upgrades in key locations like New Mangalore, Cochin, Chennai, Mormugao, and…

In a significant achievement under the “Make in India” initiative, Apple Inc. has successfully assembled iPhones with a Freight-on-Board (FOB) value surpassing US$ 7.19 billion in the initial seven months of the fiscal year 2023-24. This accomplishment constitutes 81% of the aggregated target of Rs. 74,000 crore (US$ 8.87 billion) set for the year by its three manufacturing partners under the Production-Linked Incentive (PLI) scheme for mobile devices. Notably, a substantial 70% of this value is attributed to iPhones manufactured in India that are intended for export. Three major vendors—Foxconn, Pegatron, and Wistron (now Tatas-owned)—have reported the assembly of iPhones…

Key Indian defense firms, such as Kalyani Strategic Systems, Larsen and Toubro Ltd, and Hindustan Aeronautics, are actively exploring avenues to promote their military platforms in the Philippines. This initiative coincides with the Philippines’ military restructuring amid regional security concerns, especially heightened tensions with China. Notably, the recent acquisition of BrahMos cruise missiles from India illustrates collaborative defense efforts, with a 2022 agreement involving the supply of three BrahMos batteries to the Philippines. Sources reveal that Indian defense entities are proposing a wide range of offerings, spanning protective gear to advanced fighter jets, indicating potential collaborations between the two nations.…

In response to a query, Minister of State in the PMO, Mr. Jitendra Singh, disclosed ISRO’s ambitious plans for 2024. These include six PSLV missions, focusing on deploying space science, Earth observation satellites, technology demonstrations, and commercial missions facilitated by NSIL. The GSLV launches will encompass missions dedicated to meteorology, navigation, and a joint NASA-ISRO Synthetic Aperture Radar satellite. Notably, the Launch Vehicle Mark-3 (LVM3) is set for a commercial mission by NSIL. Furthermore, the agenda incorporates two unmanned Gaganyaan missions, targeting the validation of the human-rated launch vehicle and orbital module. Sub-orbital missions are also in the plan to…

In a session at the Rajya Sabha on December 7, 2023, Union Minister of Finance and Corporate Affairs, Ms. Nirmala Sitharaman, underscored India’s remarkable economic performance in the second quarter, affirming its global leadership as the fastest-growing economy. During the three-day economic debate, she highlighted the robust GDP growth from July to September, asserting that India has consistently maintained its status as the fastest-growing major economy. Ms. Sitharaman further declared India as the world’s second most sought-after manufacturing hub, citing a notable 21.82% increase in direct tax collections this year. Monthly GST collections, stabilizing at Rs. 1.6 lakh crore (US$…