DP World, a global logistics powerhouse, has launched its largest free trade warehouse zone in Chennai, India, solidifying Tamil Nadu’s status as one of the nation’s premier hubs for economic development. Ranjit Ray, DP World’s Vice President of Economic Zones for India Subcontinent and MENA, highlighted Tamil Nadu’s industrial prowess and strategic geographic advantages, emphasizing …
The India Meteorological Department (IMD) has issued a forecast warning of a severe heatwave covering parts of northern India, including Punjab and Delhi, from May 18-20. With temperatures expected to soar, the region braces for scorching heat conditions that could reach up to 45 degrees Celsius in the national capital. Severe Heatwave Conditions Predicted According …
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The Reserve Bank of India (RBI) repurchased government bonds worth only Rs 2,069 crore out of the notified Rs 60,000 crore. Banks resisted selling at lower prices, resulting in limited acceptance. The bonds, purchased during the pandemic at higher rates, posed a challenge for the RBI, prompting smaller buyback amounts. Offer Details and Acceptance Despite …
The Federation of Indian Export Organisations (FIEO) forecasts India’s merchandise exports to reach $500-510 billion in FY25, rebounding from a 3% contraction in the previous fiscal year. Services exports are estimated to contribute $390-400 billion, culminating in total exports of approximately $890-910 billion. Noteworthy sectors driving this growth include engineering, advertising services, and the expansion …
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In an effort to combat tax evasion in the pan masala and tobacco sectors, the GST portal has introduced new forms and procedures for manufacturers to register their machinery and report monthly inputs and outputs. This initiative follows recommendations from the GST Council and aims to enhance compliance and reduce illicit trade. New Forms for …
India’s internet economy is poised for significant growth, with industry experts predicting it will reach $1 trillion by 2030. This surge is primarily driven by the e-commerce sector, which is expected to grow at an annual rate of 25%, from $60 billion in FY2023 to $325 billion, making it the third largest globally. Key Drivers …
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The United Nations has revised India’s economic growth forecast for 2024, projecting a robust expansion driven by strong public investment and resilient private consumption. India’s economy is now expected to grow by 6.9% in 2024, up from the 6.2% forecast in January, with a 6.6% growth rate projected for 2025. This optimistic outlook highlights India’s …
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China’s industrial output grew by 6.7% year-on-year in April, a significant increase from the 4.5% growth recorded in March. This robust growth, as reported by the National Bureau of Statistics (NBS) on Friday, exceeded analysts’ expectations of a 5.5% rise, indicating a strengthening recovery in the manufacturing sector. Surge in Industrial Output In April 2024, …
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Father of History, Herodotus Herodotus, often referred to as the “Father of History,” was an ancient Greek historian whose significant influence on the field of historical records is widely acknowledged. His notable contributions to the documentation of history, notably through his renowned work, the “Histories,” have solidified his lasting legacy as a key figure in …
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Haryana, nestled in the heart of northern India, is a land of cultural richness and historical grandeur, adorned with a tapestry of vibrant attractions that captivate travelers from far and wide. From ancient monuments to serene natural wonders, the state offers a diverse array of experiences for tourists seeking to unravel its beauty. Here, we …
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Welcome to the Current Affairs Section of Adda247. If you are preparing for Government Job Exams, then it is very important for you to read the Daily Current Affairs. All the important updates based on current affairs are included in this Daily Current Affairs 2024 article.
