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India participates in the 2nd meeting of the Supply Chain Council (SCC) as Vice-Chair, under India-Pacific Economic Framework.

India participated in the 2nd meeting of the Supply Chain Council as vice-chair. India was represented by Shri Rajesh Agrawal, Additional Secretary, Department of Commerce.

The Chair (United States) of SCC highlighted the significant progress made since the last meeting in September 2024 and shared an update on the APT relating to Chemicals, in efforts are being made,

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India participates in the 2nd meeting of the Supply Chain Council (SCC) as Vice-Chair, under India-Pacific Economic Framework.

to promote greater chemicals trade and diversify sources through various work streams, and enhance international business matchmaking.

The Supply Chain Council was formed under the Agreement relating to Supply Chain Resilience under IPEF to pursue targeted, action-oriented work to strengthen the supply chains for those sectors and goods most critical to national security,

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India participates in the 2nd meeting of the Supply Chain Council (SCC) as Vice-Chair, under India-Pacific Economic Framework.

public health, and economic well-being in the India-Pacific region which represents about 40 % of Global GDP and 28% of Global trade in goods and service.

India signed the Supply Chain Resilience Agreement (Pillar-II) in November 2023 under the Indo-Pacific Economic Framework for Prosperity (IPEF), a 14-member plurilateral grouping in the region.

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India participates in the 2nd meeting of the Supply Chain Council (SCC) as Vice-Chair, under India-Pacific Economic Framework.

The Agreement aims to enhance supply chains critical to national security and economic stability. It officially came into effect on February 24, 2024. As part of the agreement, Supply Chain Council (SCC) was established, with India serving as Vice Chair and the United States as Chair.

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India participates in the 2nd meeting of the Supply Chain Council (SCC) as Vice-Chair, under India-Pacific Economic Framework.

It is very timely that under IPEF, India has also been elected as the Chair for Action Plan Team on Pharma/Healthcare. Currently, Thailand, Singapore, and New Zealand have joined the APT on Pharma/Healthcare led by India.

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India’s FDI Journey Hits $1 Trillion.

India has achieved a remarkable milestone in its economic journey, with gross foreign direct investment (FDI) inflows reaching an impressive $1 trillion since April 2000. This landmark achievement was bolstered by a nearly 26% rise in FDI to $42.1 billion during the first half of the current fiscal year.

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India’s FDI Journey Hits $1 Trillion.

Such growth reflects India’s growing appeal as a global investment destination, driven by a proactive policy framework, a business environment, and increasing international competitiveness. FDI has played a transformative role in India’s development by providing substantial non-debt financial resources, fostering technology transfers, and creating employment opportunities.

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India’s FDI Journey Hits $1 Trillion.

Over the last decade (April 2014 to September 2024), total FDI inflows amounted to $709.84 billion, accounting for 68.69% of the overall FDI inflow in the past 24 years. This robust inflow of investments underscores India's pivotal role in shaping the global economic landscape.

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MOU signed between Investor Education and Protection Fund Authority (IEPFA) and Association of Chartered Certified Accountants.

The Investor Education and Protection Fund Authority (IEPFA), under the aegis of the Ministry of Corporate Affairs, Government of India, has signed a transformative Memorandum of Understanding (MOU) with the Association of Chartered Certified Accountants (ACCA) to advance financial literacy, investor education, and investor protection.

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MOU signed between Investor Education and Protection Fund Authority (IEPFA) and Association of Chartered Certified Accountants.

Under the terms of the MOU, both parties have agreed to collaborate on a range of educational initiatives, with a particular emphasis on the ACCA’s Financial Literacy Programme, known as "Financial Education for You" (FEFY). The FEFY program, a four-year course targeting schoolchildren in grades 6 through 9, aims to foster sound financial decision-making among young minds,

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MOU signed between Investor Education and Protection Fund Authority (IEPFA) and Association of Chartered Certified Accountants.

thus laying a strong foundation for a future generation of informed investors.

Through this four-year partnership, IEPFA will facilitate the introduction of FEFY in select schools, spanning both urban and rural regions. ACCA will generously provide the program’s digital content free of cost, ensuring that financial literacy is accessible to a wide range of,

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MOU signed between Investor Education and Protection Fund Authority (IEPFA) and Association of Chartered Certified Accountants.

educational institutions. Additionally, ACCA members will offer professional training to school educators, empowering them to effectively deliver this vital curriculum to students.

The pilot phase of FEFY will kick off in select schools, with ACCA providing digital content and resources to these institutions.

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Ministry of Defence signs contract with HAL for procurement of 12 Su-30MKI aircraft.

In a major boost to the Aatmanirbhar Bharat’ initiative of the government, a contract for procurement of 12 Su-30MKI aircraft along with associated equipment has been signed between Ministry of Defence and M/s Hindustan Aeronautics Limited (HAL) today on 12.12.2024, at an approximate cost of 13,500 Crore inclusive of taxes and duties.

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Ministry of Defence signs contract with HAL for procurement of 12 Su-30MKI aircraft.

The aircraft would have an indigenous content of 62.6%, enhanced due to indiginisation of many components to be manufactured by Indian defence industry.

These aircraft would be manufactured at Nasik division of HAL. The supply of these aircraft would enhance operational capability of Indian Air Force and strengthen defence preparedness of the country.

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NEPALI ARMY CHIEF GENERAL ASHOK RAJ SIGDEL CONFERRED HONOURARY RANK OF GENERAL OF INDIAN ARMY.

Suprabal Janasewashree General Ashok Raj Sigdel, Chief of the Army Staff (COAS) of the Nepali Army, continued his official visit to India, marking a historic and symbolic moment in Nepal-India defence relations. On the second day of his visit, General Sigdel was conferred with the Honourary Rank of General of the Indian Army,

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NEPALI ARMY CHIEF GENERAL ASHOK RAJ SIGDEL CONFERRED HONOURARY RANK OF GENERAL OF INDIAN ARMY.

a unique and cherished tradition between the two armies that further strengthens the military ties. General Sigdel also called on Shri Rajnath Singh, Hon’ble Raksha Mantri before departing for Pune.

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Ang Lee set for DGA Lifetime Achievement Award.

Two-time Oscar-winning filmmaker Ang Lee will receive the 2025 Lifetime Achievement Award, said the Directors Guild of America, reported Deadline.

Lee won Best Director Oscars for 2005’s Brokeback Mountain and 2013’s Life of Pi, as well as nominations for his epic 2000 film Crouching Tiger, Hidden Dragon.

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Ang Lee set for DGA Lifetime Achievement Award.

He has also been nominated for Best Picture as producer of Crouching Tiger, Hidden Dragon and Life of Pi. His extensive filmography includes Pushing Hands (1991), The Wedding Banquet (1993), Eat Drink Man Woman (1994), The Ice Storm (1997), Hulk (2003), Billy Lynn’s Long Halftime Walk (2016), and Gemini Man (2019).

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ADB Revises India’s GDP Growth Forecast to 6.5% for FY25, 7% for FY26

The Asian Development Bank (ADB) lowered its India growth forecast for the current financial year (FY25) to 6.5 percent from 7 percent earlier.

The multilateral funding agency also revised downwards its forecast for FY26 to 7 percent from 7.2 percent earlier.

The economy hit a seven-quarter low of 5.4 percent in Q2FY25 from 6.7 percent in the preceding quarter.

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ADB Revises India’s GDP Growth Forecast to 6.5% for FY25, 7% for FY26

As a result, the growth forecasts for South Asia have also been revised downwards to 5.9 percent for 2024 and 6.3 percent for 2025.

Meanwhile, the update noted that India’s growth will remain robust, with the economy supported by higher agricultural output resulting from the kharif crop, continued resilience of the services sector and lower-than-expected crude prices,

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ADB Revises India’s GDP Growth Forecast to 6.5% for FY25, 7% for FY26

in 2024 and 2025.

The strong forward looking and labour market indicators (such as PMI for industry and services) suggest that economic momentum will recover in the coming quarters.

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