Prime Minister Narendra Modi emphasized the need to link the cooperative movement to the circular economy and promote international collaboration at the ICA Global Cooperative Conference 2024 in Bharat Mandapam, New Delhi. Highlighting the cultural and economic significance of cooperatives in India, Modi noted that India has transformed the cooperative ecosystem over the last decade, including the creation of a dedicated Cooperative Ministry. He stressed the importance of making cooperative societies multipurpose, contributing to sectors such as housing and banking. India currently has around 200,000 housing cooperatives and plans to establish an additional 200,000 multi-purpose cooperative societies in rural areas.…
Author: Nupur Rohila
According to an Axis Securities report, major Indian pharmaceutical companies reported a 10% year-on-year (YoY) growth in Q2 FY25, primarily driven by strong performances in North America and the domestic market. The Indian Pharmaceutical Market (IPM) experienced an 8% year-on-year growth, driven by a 9% increase in chronic therapies. In comparison, acute therapies saw a more modest growth of 4%, influenced by weaker seasonal performance. The report highlighted a 10.2% YoY and 1.7% quarter-on-quarter (QoQ) growth for the pharmaceutical sector under coverage, with North America and India business both seeing significant gains of 10.8% and 9.8% YoY, respectively. Looking ahead,…
Dr. Nandan Kumar Mondal, assistant professor of surgery at Baylor College of Medicine, has been awarded the prestigious 2024 American Heart Association (AHA) Innovative Research Award. This $200,000 grant will support his groundbreaking research titled “MasSpec Pen for real-time non-invasive assessment of ischemic injury in human hearts for DCD Transplantation.” The study aims to use MSPen technology to evaluate ischemic damage in donor hearts, potentially expanding the donor pool for heart transplants. Collaborating with Drs. Livia Eberlin and Kenneth Liao, Dr. Mondal will pioneer real-time, non-invasive monitoring techniques to improve donor heart assessment. Dr. Mondal, who joined Baylor College of…
An old photograph of Prime Minister Narendra Modi as a National Cadet Corps (NCC) member has sparked widespread interest on the 76th Raising Day of the organisation. The image, shared by the popular X handle Modi Archive, shows a young Narendra Modi sitting on the floor with fellow NCC cadets, highlighting his early association with the esteemed youth organisation. The post by Modi Archive stated, “A young NCC cadet, now India’s PM! Can you spot him in this picture?” It identified Modi as the cadet sitting on the floor, first from the left. The resurfaced image gained additional significance as…
Prime Minister Narendra Modi, during the 116th episode of Mann Ki Baat, addressed the alarming decline in India’s sparrow population, attributing it to rapid urbanization. He lamented that many children today have only seen sparrows in pictures, unlike earlier generations who commonly spotted them on rooftops. To combat this decline, unique initiatives are being implemented to restore the sparrow population. Highlighting the efforts of Chennai’s Kudugal Trust, PM Modi noted that the organization has successfully increased local sparrow numbers by engaging schoolchildren. The trust has taught students to build wooden birdhouses, resulting in the creation of 10,000 nests over the…
Finance Minister Nirmala Sitharaman emphasized the need to position India as a “Responsible Capitalist” nation, highlighting its unique approach to economic growth. Speaking at the 8th India Ideas Conclave hosted by the India Foundation, she underscored India’s deep-rooted values of sustainability and mindful consumption. According to Sitharaman, India has historically practiced resource-conscious principles not due to poverty but as a moral responsibility to meet needs rather than greed. She stressed that India’s adoption of concepts like the circular economy and reuse stems from a sense of duty, not external influences. This intrinsic approach, she believes, should be promoted globally, showcasing…
After over 50 years of research, Indian-American Dr. Rajan Hooda from the University of Chicago has unraveled the long-standing mystery behind the construction of Egypt’s pyramids. His groundbreaking paper, “The Conjoint Solution and The Shrinking Dual L Notch Ramps,” introduces a novel concept that sheds light on this ancient engineering marvel. Hooda dismisses conventional theories, such as exterior ramps larger than the pyramid or intricate internal tunnel systems, as impractical. Instead, he proposes the “L Notch Ramp,” a series of dual-purpose ramps integrated within each layer of stones, resembling notches. Each layer, constructed like a 210-layer cake, featured ascending ramps…
India has set its sights on becoming a global leader in shipbuilding by 2030, with aspirations to be among the top five nations by 2047, according to Union Minister of Ports, Shipping, and Waterways, Mr. Sarbananda Sonowal. Speaking at the ‘Sagarmanthan – The Great Oceans Dialogue,’ he outlined the country’s vision to capitalize on its vast talent pool and resources to strengthen the shipbuilding sector while focusing on sustainable practices, including promoting a circular blue economy. The maritime industry plays a crucial role in India’s trade, handling approximately 95% of the country’s trade by volume and 70% by value. With…
India’s smartphone production-linked incentive (PLI) scheme has emerged as a game-changer, generating $13 billion in revenue for the government over four fiscal years. The program has spurred the production of $148.7 billion worth of smartphones and components between 2021 and 2024, according to the India Cellular and Electronics Association (ICEA). During this time, the government allocated $687.3 million in incentives, achieving a return of 19 times the investment. The initiative has also resulted in an additional $12.35 billion in revenue through taxes and duties on mobile parts and components, along with $5.69 billion in GST revenues, boosted by the tax…
Disney World Resort transformed into a cultural spectacle earlier this month as the Diwali Dance Fest returned with over 300 dancers showcasing the vibrant spirit of India’s festival of lights. Organized by Jashn Productions, the event took place from November 7 to 10 at Disney’s Animal Kingdom Theme Park in Florida. Jeanie Beri, founder of Jashn Productions, directed the festivities, which included three energetic days filled with a parade and a dynamic three-hour dance showcase. Following the success of last year’s inaugural event, which gave young performers a global platform, Beri aimed to make this year’s festival even more memorable.…