- Saturday, March 01, 2025
By: Shubham Ghosh
Here are news in brief related to Indian economy and business for Tuesday, May 16, 2023:
The first ministerial meeting of the India-EU Trade and Technology Council (TTC) was held in Brussels, Belgium, on Tuesday during which the two sides discussed enhanced cooperation in digital and clean technology that will help them achieve their shared vision of a sustainable future, PTI reported. The meeting was co-chaired on the Indian side by external affairs minister S Jaishankar, commerce and industry minister Piyush Goyal and communications, electronics and information technology minister Rajeev Chandrasekhar.
The drug regulator of India has proposed testing cough syrups in government laboratories prior to their export, media outlet News18.com reported on Tuesday. The move came after Indian-made syrups were linked to dozens of deaths of children in The Gambia and Uzbekistan last year. The country’s health ministry received the proposal from the Central Drugs Standard Control Organisation in May and is considering it, the news website quoted an unidentified ministry official as saying. “The proposal is to test the finished goods at government labs before exporting,” the official told News18.com.
Indian finance minister Nirmala Sitharaman on Tuesday appealed to people who received their appointment letters under the latest Rozgar Mela (employment fair) to spread the word on the scheme’s benefits with the public, PTI reported. Prime minister Narendra Modi presented on the same day 71,000 appointment letters to newly inducted recruits in government departments and organisations across the country. After presenting the job offers to about 250 people at an event in Chennai in the southern state of Tamil Nadu, Sitharaman said the Rozgar Mela is a step towards the fulfillment of the PM’s commitment to accord the highest priority to employment generation.
Prime minister Narendra Modi will inaugurate the International Museum Expo 2023 at Pragati Maidan in Delhi on Thursday. The expo is being organised as part of ‘Azadi ka Amrit Mahotsav’ to celebrate the 47th International Museum Day, according to an official statement, PTI reported. The IMD theme for this year is “museums, sustainability and well-being”. The expo is designed to initiate a holistic conversation on museums with professionals to enable these to evolve as cultural centres that play a pivotal role in India’s cultural diplomacy, it said.
An international soil carbon marketplace, founded by an entrepreneur born in the Indian state of Karnataka, will deliver $200 million (£160.2 million) in carbon finance to farmers and ranchers in the developing world by 2025 to scale the deployment of climate-smart agriculture. Boomitra founder Aadith Moorthy spoke at the recently concluded Agriculture Innovation Mission for Climate (AIM for Climate) Summit in Washington, the US, PTI reported. The summit, supported by Foundation for Food & Agriculture Research (FFAR), aims to bring together partners to increase and accelerate investment in and support for agriculture and food systems innovation for climate action.
The Indian footwear market regained a 20 per cent growth in 2021-22, ANI reported. This market witnessed a 13 per cent growth on an average from 2015 to 2019 but reduced sharply in 2020-21 due to Covid-19 pandemic, said Rajiv Singh Thakur, additional secretary, the department for promotion of industry and internal trade, the country’s ministry of commerce, on Tuesday. He said that the industry is worth around Rs 82,000 crore (£7.9 billion)and the exports were valued at around Rs 42,000 crore (£4 billion). According to Rajiv Singh Thakur, India contributes 2.65 per cent to the global export in the sector.
