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Monthly Archives: May 2024

India's Manufacturing Activity in April: Second Strongest in 3.5 Years

India’s Manufacturing Activity in April: Second Strongest in 3.5 Years

India’s manufacturing sector has continued its robust performance into the first quarter of the new fiscal year, maintaining its momentum from the previous year’s stellar showing. In April, the HSBC India Manufacturing Purchasing Managers’ Index (PMI) revealed a buoyant picture, with manufacturing activity registering its second strongest expansion since early 2021. Strong Demand Drives Growth …

RBI Ups Financial Accommodation for States/UTs by 28% to ₹60,118 Crore

RBI Imposes Monetary Penalties on Co-operative Banks

The Reserve Bank of India (RBI) has recently imposed monetary penalties on several co-operative banks for various regulatory violations. These penalties are based on deficiencies in regulatory compliance and are not intended to validate or invalidate any specific transactions or agreements entered into by the banks with their customers. Penalties Imposed Rajkot Nagarik Sahakari Bank: …

Top-10 Millet Producing Countries in the World 2024

Top-10 Millet Producing Countries in the World 2024

In recent years, there has been a resurgence of interest in millets due to their nutritional value, resilience to harsh climates, and environmentally sustainable cultivation practices. As the world embraces healthier dietary choices and sustainable agriculture, millets have emerged as a staple crop in many regions. Let’s explore the top 10 millets producing countries in …

May, 2024 - - Part 53_6.1

Amul Becomes Lead Sponsor for USA and South Africa in T20 World Cup 2024

The renowned Indian dairy giant Amul has been named the Lead Arm sponsor for the USA and South Africa cricket teams during the highly anticipated T20 World Cup in June. USA’s Tournament Debut and Amul’s Support The USA Cricket team will be making their T20 World Cup debut as co-hosts of the prestigious tournament, which …

Top-10 Silk Producing States in India 2024

Top-10 Silk Producing States in India 2024

Silk, often hailed as the queen of textiles, holds a significant place in India’s cultural heritage and economic landscape. Renowned for its exquisite beauty and luxurious texture, silk production is a thriving industry in India, contributing substantially to both domestic consumption and export revenue. Here’s a comprehensive look at the top 10 silk-producing states in …

World Tuna Day 2024 Observed Annually on May 2nd

World Tuna Day 2024 Observed Annually on May 2nd

World Tuna Day, observed annually on May 2nd, is dedicated to raising awareness about the critical importance of tuna conservation. Tuna is popular for its numerous health benefits, as it provides Omega-3 fatty acids, protein, and vital vitamins. But, tuna populations face significant threats due to overfishing and unsustainable fishing practices. Recognizing the Need for …

May, 2024 - - Part 53_10.1

MCA Approves Hitesh Sethia as Jio Financial Services’ MD and CEO for 3 Years

The Ministry of Corporate Affairs (MCA) has granted its approval for the appointment of Hitesh Kumar Sethia as the Managing Director and Chief Executive Officer of Jio Financial Services for a three-year period, effective from November 15, 2023. Key Highlights The MCA’s approval comes with a condition that Sethia must hold a valid Employment Visa …