National – Page 30 – THE ECONOMIC INDIA

23 Jul

PayPal Unleashes ‘PayPal World’: A Bold Step to Take India’s UPI Global

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Mumbai (Maharashtra) [India], July 23: In a move that could redefine how cross-border payments are done globally, PayPal is rolling out a new international payments platform, aptly named PayPal World, with a direct link to India’s powerful UPI system. The company confirmed the news on Wednesday, revealing a strategic alliance with NPCI International Payments Limited (NIPL), the arm of India’s National Payments Corporation responsible for taking UPI beyond domestic borders. With this partnership, PayPal isn’t just dipping its toes into the Indian fintech ecosystem, it’s diving headfirst into the future of global payments, with UPI riding shotgun. “Integrating UPI into…

22 Jul

Guardians of Public Assets: How Honest IAS Officers Like Hari Chandana Protect Government Properties

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Hyderabad (Telangana) [India], July 22: Government land is a crucial public asset, serving as the foundation for vital infrastructure, public services, and future development projects. Yet, these valuable properties are constantly vulnerable to encroachment, illegal transactions, and bureaucratic inefficiencies. In this critical context, the directives issued by Hyderabad District Collector Hari Chandana IAS to meticulously protect government lands stand as a shining example of how honest and dedicated civil servants can safeguard public wealth for collective benefit. Recently, Hari Chandana firmly directed District Revenue Officers (DROs) and Mandal Revenue Officers (MROs) to prioritize the protection of government lands from encroachments.…

22 Jul

India UK FTA Deal: 7 Strategic Gains and the Crosswinds Facing PM Modi’s Trade Vision

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New Delhi [India], July 22: As Prime Minister Narendra Modi lands in London for a high-stakes diplomatic visit this week, all eyes are on one document: the India UK FTA. Touted as a transformative leap in bilateral ties, this long-negotiated pact arrives at a moment when the global trading order is in flux. For India, it’s more than just an economic instrument – it’s a litmus test of how confidently New Delhi can chart its course through shifting international headwinds. The India-UK Free Trade Agreement Deal proposes to lift nearly all tariffs on Indian goods entering the British market. For…

19 Jul

India Pedals Towards a Drug-Free Future: Yuva Spiritual Summit and Nationwide Cycling Drive Mobilize Youth

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New Delhi [India], July 19: Across cities, campuses, and cycle paths, India is witnessing a youth-led uprising, only this one trades hashtags and hype for something far more ambitious: a drug-free, mentally resilient, and spiritually empowered Bharat. Prime Minister Narendra Modi amplified the message on X, reposting an article by Union Minister Dr. Mansukh Mandaviya, praising the youth-led spiritual summit as a “major step in building a drug-free India.” Article by Union Minister Dr. Mansukh Mandaviya This past week, the Centre unveiled two nationwide initiatives, the Yuva Spiritual Summit and a special edition of the Fit India Sunday Cycling campaign,…

19 Jul

Tefla’s Hosts ‘Commodity Market Movers’ Conference in Mumbai

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Mumbai (Maharashtra) [India], July 19: Tefla’s, in collaboration with the Commodity Trading Club and powered by MCQube as Knowledge Partner, concluded its Commodity Market Movers 2025 conference at The St. Regis Mumbai on Friday. The event brought together a cross-section of India’s commodity trading ecosystem, including regulators, brokers, traders, investors, analysts, and policymakers, to deliberate on the future of commodity markets amid evolving regulations and economic priorities. Keynote speakers included Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister of India, and S.K. Mohanty, former Whole Time Member of SEBI. Senior representatives from NCDEX, TransGraph Consulting, MEIR Commodities, S&P Global,…

16 Jul

India Cabinet Greenlights Big Moves: 100 Agri-Districts, ₹27,000 Cr in Renewables, and More

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New Delhi [India], July 16: From the grassroots of Indian agriculture to the orbit of the International Space Station, the recent India Cabinet decisions trace a singular arc, building a self-reliant, future-ready Bharat powered by soil, sun, science and sky. India’s mid-July momentum just picked up serious speed. In one decisive sweep, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved a series of game-changing decisions, each rooted in transformation, powered by scale, and aimed squarely at building the bones of a Developed India by 2047. Let’s break it down. 1. 100 Districts, One Agricultural Reset In what’s being…

15 Jul

India Charts Bold Course for Indigenous UAV, C-UAS Tech at MoD Workshop

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New Delhi [India], July 15: A quiet but crucial battle is being waged – not at the borders, but deep inside India’s defence strategy rooms. And this week, that war for self-reliance takes flight. The Ministry of Defence is gathering some of the sharpest minds in Bharat’s military and tech circles on July 16 at Delhi’s Manekshaw Centre. The reason? To tackle one of the most strategic blind spots in modern warfare: India’s dependence on foreign parts for its drones and anti-drone systems. This high-powered workshop, co-hosted by the Integrated Defence Staff (IDS) and the Centre for Joint Warfare Studies…

15 Jul

Push to declare 2026 as ‘Year of Soy’ to boost nutrition, farmer incomes

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New Delhi [India], July 15: Despite being the fifth-largest producer of soybean globally, India uses most of its crop for oil extraction, exporting the high-protein residue as low-value animal feed. The White Paper recommends increasing domestic consumption of soy products like tofu, soymilk, soy flour, nuggets, and dal alternatives. A national consultation held in the capital has recommended that the government declare 2026 as the “Year of Soy” to combat India’s protein deficiency crisis and support soybean farmers. Organised by the Soy Food Promotion and Welfare Association (SFPWA), with backing from the Soybean Processors Association of India (SOPA) and The…

14 Jul

Boeing Inspections Begin: DGCA Orders Urgent Checks on 737, 787 After System Failure

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New Delhi [India], July 14: When a machine weighing over 100 tons falls from the sky, no explanation ever feels enough. But after Air India Boeing Flight AI171 went down in Ahmedabad, killing about 260 souls, the cause wasn’t some arcane systems failure or weather anomaly. It was a pair of switches. Fuel control switches. Moved from “run” to “cutoff” – moments before both engines died. This week, India’s aviation guardian, the Directorate General of Civil Aviation (DGCA), stopped waiting for global consensus. It ordered mandatory inspections of fuel switches on all Boeing 737 and 787 aircraft operated by Indian…

14 Jul

Wholesale Inflation Turns Negative in India: June 2025 Sees Prices Slide Across Key Sectors

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New Delhi [India], July 14: It’s not often that negative numbers bring relief, but that’s exactly what happened with India’s wholesale price index in June. According to data released Monday by the Department for Promotion of Industry and Internal Trade (DPIIT), wholesale inflation came in at -0.13% – a reversal from the modest upticks seen earlier this year and the lowest level recorded in recent memory. This isn’t just a statistical curiosity. It’s a signal that supply chains are catching up, global commodity pressures are easing, and key domestic inputs – especially food and fuel – are finally shedding weight…