THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 2, 2025 In a significant push towards sustainable transportation, the Indian government announced that 16.15 lakh electric vehicles (EVs) have been incentivized under the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India (FAME India)-II scheme. The initiative, launched in 2019, underscores India’s commitment to eco-friendly mobility solutions and a greener future. The ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 2, 2025 In a groundbreaking development, scientists have unveiled a nano-formulation of melatonin — the brain’s darkness hormone — that demonstrates remarkable antioxidative and neuroprotective properties, positioning it as a promising therapeutic solution for Parkinson’s disease (PD). This innovative approach has been spearheaded by researchers at the Institute of Nano Science and Technology (INST) Mohali, ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 2, 2025 In a significant move aimed at aligning price indices with the evolving economic landscape, the government has constituted a Working Group under the leadership of NITI Aayog member Ramesh Chand to revise the base year of the Wholesale Price Index (WPI) from 2011-12 to 2022-23. The 18-member panel, which includes representatives from key ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 2, 2025 India has reaffirmed its position as a global textile powerhouse, claiming 3.9% of the global trade in textiles and apparel (T&A) in 2023, and ranking as the world’s sixth-largest exporter in the sector. Textiles and apparel, including handicrafts, constituted a robust 8.21% of India’s total exports for the fiscal year 2023-24, underscoring the ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 1, 2025 Bhuvnesh Kumar, a distinguished Indian Administrative Service (IAS) officer of the 1995 batch Uttar Pradesh cadre, assumed charge as the Chief Executive Officer (CEO) of the Unique Identification Authority of India (UIDAI) on Wednesday. With a stellar academic and professional track record, Kumar brings a wealth of experience and expertise to his new ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 1, 2025 India’s mineral and non-ferrous metal sectors have maintained their momentum of robust growth during FY 2024-25 (April-November 2024), building on record production levels achieved in the previous fiscal year. The nation continues to solidify its position as a global leader in mineral production, driven by strong demand across core industries like steel, energy, ...

THEBUSINESSBYTES BUREAU NEW DELHI, JANUARY 1, 2025 In a significant move to fortify the agricultural sector, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the Pradhan Mantri Fasal Bima Yojana (PMFBY) and the Restructured Weather Based Crop Insurance Scheme (RWBCIS) till 2025-26. With an overall financial outlay of Rs 69,515.71 crore for the ...

New Delhi, November 29 (TBB Bureau): India’s economy recorded a robust Gross Domestic Product (GDP) growth rate of 5.4% in the second quarter (July-September) of the current financial year, according to data released by the Ministry of Statistics on Friday. Despite a marginal slowdown from the 6.7% growth seen in Q1 (April-June), India continues to outpace its global peers, maintaining ...

New Delhi, November 21, 2024 (TBB Bureau): The Central Government on Thursday launched the ‘Viksit Bharat Initiative for Student Innovation and Outreach Network’ (VISION) portal, a transformative platform designed to nurture education, skill development, and innovation among underprivileged children across India. Union Minister of State (Independent Charge) for Science and Technology, Dr. Jitendra Singh, launched the portal in the national ...

New Delhi, November 12, 2024 (TBB Bureau): India’s industrial sector showed robust recovery in September with a 3.1% rise in the Index of Industrial Production (IIP), reversing a 0.1% contraction in August, as per data from the Ministry of Statistics released on Tuesday. The surge underscores renewed momentum in manufacturing, electricity generation, and mining, marking a significant step forward in ...