The Commerce Ministry of India has underscored the extensive investment opportunities available within the country, amounting to over US$ 500 billion by 2030. These opportunities are particularly prominent in the clean energy sector, encompassing renewables, green hydrogen, and electric vehicles (EVs). Representing India at the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum in Singapore, Secretary Mr. Sunil Barthwal highlighted the country’s potential in attracting investments in sustainable infrastructure, climate technology, and renewable energy projects. The two-day forum brought together prominent investors, clean economy companies, and startups to explore investment opportunities in the Indo-Pacific region. More than 300…
Author: Staff Reporter
This year’s intense heatwave has sharply increased the demand for room air-conditioners across the country, with annual sales expected to reach approximately 14 million units, according to the Consumer Electronics and Appliances Manufacturers Association (CEAMA). CEAMA President, Mr. Sunil Vachani, highlighted the impressive sales figures for air-conditioners in May, anticipating a 30% to 40% rise in sales volume during the summer months. He noted that rising temperatures and frequent heatwaves have made air-conditioners an essential household item in urban areas. The Indian air-conditioner market is evolving with the availability of energy-efficient models for various income groups and significant investments by…
Public-sector banks (PSBs) are gearing up to introduce specialized financial schemes targeted at women, especially entrepreneurs and startup founders, who often encounter obstacles in accessing funding through traditional channels. Mandated by the Department of Financial Services, this initiative is part of the Enhanced Access and Service Excellence (EASE 7.0) reforms agenda, which prioritizes risk assessment, non-performing asset management, financial inclusion, customer service enhancement, and digital transformation. The recent general elections highlighted the significant influence of women, with approximately 312 million female voters participating. In response, PSBs are launching customized banking services and ‘loan melas’ to assist women in securing financial…
Prominent Indian-American leader Jasdeep Singh Jassee has remarked that the recently concluded elections in India have not only underscored the robust electoral process but also sent a powerful message to the world about the resilience and vibrancy of its democracy. Despite skepticism from Western media regarding the integrity of India’s democratic processes, the results have decisively dispelled such doubts, said Jasdeep Singh Jassee of Sikhs for America in an interview with PTI. Prime Minister Narendra Modi is set to be sworn in for a third consecutive term, marking the first occurrence in over 60 years. Singh, who spent two weeks…
With South India contributing over 50 Lok Sabha seats to the National Democratic Alliance’s (NDA) tally of 294, Prime Minister Narendra Modi’s persistent focus on Kerala, Telangana, Andhra Pradesh, and Karnataka ahead of the General Election has paid off significantly. Andhra Pradesh accounted for 21 of these seats, with the Telugu Desam Party (TDP) led by N Chandrababu Naidu making a remarkable comeback. The TDP, in alliance with the BJP and Pawan Kalyan’s JanaSena Party (JSP), won 164 out of 175 Assembly seats, decisively defeating the YS Jagan Mohan Reddy-led Yuvajana Sramika Rythu Congress Party (YSRCP). The YSRCP managed to…
European Commission President Ursula von der Leyen and Prime Minister Narendra Modi engaged in a dialogue following the conclusion of the Indian elections. During their conversation, they reiterated their commitment to bolstering bilateral ties, with a particular focus on advancing discussions regarding the Free Trade Agreement (FTA). Ursula von der Leyen shared her thoughts, stating, “It was a pleasure to speak with Narendra Modi after the Indian elections. We agreed to sustain talks on enhancing our bilateral ties, notably the FTA. We also anticipate the upcoming @G7 summit, where we’ll address our collaborative efforts on global matters.” The upcoming G7…
Prime Minister Narendra Modi praised the significant improvement in the performance of Indian universities in the QS World University Rankings. He highlighted his government’s emphasis on qualitative changes in education over the past decade and expressed a commitment to further enhance research and innovation in his next term. India has seen a remarkable 318 percent increase in its representation in the QS rankings over the past decade, the highest growth among G20 nations. On Friday, PM Modi attributed this achievement to the collective efforts of students, faculty, and institutions, emphasizing the focus on qualitative improvements in the education sector. In…
Saurabh Netravalkar, an Indian American cricketer, captured social media attention after leading the US to a notable victory over Pakistan in a T20 match held in Dallas on June 6, 2024. During the Group A match, both teams ended their 20 overs with identical scores of 159 runs. The match proceeded to a Super Over, where Pakistan’s experienced left-arm bowler Mohammad Amir conceded 18 runs, including several wides and overthrows. In contrast, Netravalkar, born in India, kept his cool and restricted Pakistan to just 13 runs for one wicket. This win was especially significant as Pakistan had been runners-up in…
The Election Commission announced on Thursday that the recently concluded Lok Sabha elections saw a voter turnout of 65.79 percent. However, this figure may be subject to change as it does not yet include postal ballots. In comparison, the voter turnout for the 2019 parliamentary elections was slightly higher at 67.40 percent. During the 2019 elections, India had 912 million registered voters, of which 615 million cast their votes. By the 2024 elections, the number of eligible voters had increased to 968.8 million. Chief Election Commissioner Rajiv Kumar reported at a recent press conference that 642 million voters participated in…
