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Daily Archives: March 24, 2025

U.S., U.K. Replace Gulf Nations as Top Source of Remittances into India: RBI Bulletin

U.S., U.K. Replace Gulf Nations as Top Source of Remittances into India: RBI Bulletin

The Reserve Bank of India (RBI) has highlighted a significant shift in the source of inward remittances to India, with developed nations like the United States and the United Kingdom surpassing Gulf countries as the top contributors. According to the RBI’s paper, “Changing Dynamics of India’s Remittances – Insights from the Sixth Round of India’s …

India Imposes Anti-Dumping Duty on Five Chinese Products

India Imposes Anti-Dumping Duty on Five Chinese Products

To protect domestic industries from unfairly priced imports, India has imposed anti-dumping duties on five Chinese products: Soft Ferrite Cores, vacuum insulated flasks, aluminium foil, Trichloro Isocyanuric Acid, and Poly Vinyl Chloride (PVC) Paste Resin. These products were being exported from China at prices lower than their normal market value, causing harm to domestic manufacturers. …

IPL 2025 Schedule Announced: Date, Format, Location and Teams

Indian Premier League 2025 Schedule, Format, Playoff Structure and Results

IPL 2025 Full Schedule announced and this season will kick off on 22nd March, according to the Board of Control for Cricket in India. This year Indian Premier League begin their 18th season. The Indian Premier League 2025 kick off with last year’s IPL 2024 champion Kolkata Knight Riders hosting Royal Challengers Bengaluru at the …

Oscar Piastri Triumphs at the Chinese Grand Prix as McLaren Secures One-Two Finish

Oscar Piastri Triumphs at the Chinese Grand Prix as McLaren Secures One-Two Finish

The Chinese Grand Prix saw Oscar Piastri claim victory over his McLaren teammate Lando Norris, marking an exceptional performance for the team in the second round of the Formula 1 2024 season. Meanwhile, Ferrari suffered a post-race disaster, as both Charles Leclerc and Lewis Hamilton were disqualified for technical infringements. Piastri’s Dominant Victory and Redemption …

Public Sector Banks Witness a 33% Surge in Dividend Payouts in FY24, Reflecting Strong Financial Growth

Public Sector Banks Witness a 33% Surge in Dividend Payouts in FY24, Reflecting Strong Financial Growth

Public Sector Banks (PSBs) in India have shown remarkable financial improvement, as reflected in their highest-ever net profits and a significant rise in dividend payouts. In the financial year 2023-24 (FY24), the dividend payout by PSBs surged by 33% to Rs 27,830 crore, up from Rs 20,964 crore in the previous fiscal year (FY23). This …

Certification for Eri Silk A Global Milestone

Certification for Eri Silk: A Global Milestone

The North Eastern Handicrafts and Handlooms Development Corporation Ltd. (NEHHDC), under the Ministry of Development of North Eastern Region, has achieved a significant milestone by obtaining the Oeko-Tex certification from Germany for eri silk. Oeko-Tex is a globally recognized certification that ensures textiles, including raw and finished materials, are free from harmful substances and safe …

Project PARI: Revitalizing Public Spaces Through Art

Project PARI: Revitalizing Public Spaces Through Art

The Ministry of Culture, through the Lalit Kala Akademi (LKA) and National Gallery of Modern Arts (NGMA), is dedicated to preserving public art installations created under the Public Art of India (PARI) project. As the nodal agency, the LKA has implemented a comprehensive preservation strategy to maintain these installations, ensuring their sustainability and longevity. The …

First-Ever Export of Anthurium Flowers from Mizoram to Singapore

First-Ever Export of Anthurium Flowers from Mizoram to Singapore

In a major milestone for India’s floriculture sector, particularly from the North Eastern Region (NER), the Agricultural and Processed Food Products Export Development Authority (APEDA) has facilitated the first-ever export of Anthurium flowers from Mizoram to Singapore. The consignment, consisting of 1,024 cut flowers (70 kg) in 50 corrugated boxes, was exported via Kolkata. This …

Government Notifies Revisions to MSME Investment and Turnover Criteria: Effective April 1, 2025

Government Notifies Revisions to MSME Investment and Turnover Criteria: Effective April 1, 2025

The Government of India has announced a major revision in the investment and turnover criteria for the classification of Micro, Small, and Medium Enterprises (MSMEs). The changes, which will take effect from April 1, 2025, are aimed at enhancing business opportunities and providing greater financial flexibility to MSMEs. Under the revised criteria, investment limits have …

IRDAI Appoints Five New Members to Insurance Advisory Committee

IRDAI Appoints Five New Members to Insurance Advisory Committee

The Insurance Regulatory and Development Authority of India (IRDAI) has announced the appointment of five new members to the reconstituted Insurance Advisory Committee. These appointments are made under Section 25 of the IRDA Act, 1999, and Regulation 3A of the IRDA (Insurance Advisory Committee) Regulations, 2000. The new members bring extensive experience from the banking, …