China, the U.A.E., and the U.S. are India's top import source nations in FY23. Russia holds the fourth position among India's top 10 merchandise import destinations, as imports from the country grew five times during the financial year, according to data from the Ministry of Commerce. Imports from Russia grew from $9.87 billion in FY22 to $46.33 billion in FY23.
The US has emerged as India's biggest trading partner in 2022-23 on account of increasing economic ties between the two countries.
According to the provisional data of the commerce ministry, the bilateral trade between India and the US has increased by 7.65 per cent to USD 128.55 in 2022-23 as against USD 119.5 billion in 2021-22. It was USD 80.51 billion in 2020-21.
Raj Subramaniam, the Indian-American CEO of global transportation giant FedEx, has been presented with the prestigious Pravasi Bharatiya Samman, the highest civilian award given by India to persons of Indian origin and Indian diaspora.
Subramanian is the president and CEO of FedEx Corporation, one of the world's largest transportation companies.
Rajasthan's Nandini Gupta has been crowned as the Femina Miss India World 2023 in the 59th edition of Femina Miss India 2023 Grand Finale held at Imphal.
While the 19-year-old took the crown home, Shreya Poonja from Delhi was announced as the first runner-up and Thounaojam Strela Luwang from Manipur became the second runner-up.
Now, the winner Nandini Gupta will represent India in Miss World 2024 contest.
A two-day Global Conference on Compressed Biogas will be held in New Delhi.
The theme of the Conference is - Towards Progressive Policy Framework for a Robust CBG Foundation and Growth.
The objective of this Conference is to appraise the industry regarding the initiatives taken by the Central Government for the development of the Compressed Biogas Industry.
The Defence Research and Development Organisation (DRDO) Industry Academia Centre of Excellence (DIA-CoE) has been inaugurated at the Indian Institute of Technology -Hyderabad.
This is the biggest such facility in the country.
DRDO Chairman Dr Samir V Kamat
At the Indian Grand Prix-4 in Bengaluru, Shaili Singh won in the women's long jump.
with a personal best of 6.76 meters, she is now the holder of the 2nd longest jump in India's history and has qualified for the Asian Games.
Athlete Shaili has been training hard at NCOE Bangalore and her dedication and commitment to her sport are truly inspiring.
Securitisation volume has surged 33 per cent to over ₹1.8-lakh crore in FY23, only a tad lower than the previous high of ₹1.9-lakh crore in FY19.
With 160 originators and 110 investors executing 1,000 transactions in FY23, the market turned more extensive and diverse. This compares favourably with 130 originators and 90 investors participating in 700 transactions in FY22.
April 17th is observed as World Hemophilia Day annually, commemorating the birthday of Frank Schnabel, who founded the World Federation of Hemophilia.
This occasion serves as a platform to increase awareness and provide education about hemophilia and other bleeding disorders.
Indian Institute of Technology (IIT), Indore has collaborated with National Aeronautics and Space Administration (NASA), Caltech, USA and University of Gothenburg, Sweden to develop a low-cost camera setup “CL-FRAME”, an economical set up that can be used in research in laboratories lacking high-end equipment and camera systems.
Diversified conglomerate ITC is scaling up its climate-smart agriculture initiative to support farmers facing weather-related challenges.
Launched in 2020 for de-risking farmers from erratic weather conditions, ITC aims at covering a million farmers and 3 million hectare (MH) of land under climate smart initiative in the next couple of years.
The CBIC is likely to soon introduce a system of publishing daily currency exchange rates on the integrated customs portal, replacing the existing system of notifying rates fortnightly.
The move would help capture daily exchange rate fluctuations and help importers and exporters to precisely calculate customs duties based on daily exchange rate.
Climate and Energy Ministers and envoys from Group of Seven (G7) countries committed to work towards ensuring carbon-free electricity production by 2035 and “accelerating” the phase-out of coal.
This was part of an agreement by the countries at the end of a two-day conference in Sapporo, Japan, ahead of the G7 summit in Hiroshima
The UAE continues to be the second most important export destination for India, according to annual trade figures released by the Ministry of Commerce, the government of India.
The US and the UAE retained the first and second places respectively in this category during the financial year 2022-23.