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INDIA IN VANCOUVER-WEEKLY
NEWSLETTER
Issue No-40- 05/01/2024
Consulate Weekly Newsletter
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During a ceremony organized by the Department for Promotion of Industry and Internal Trade (DPIIT), at Bharat Mandapam, New Delhi, the Consulate General of India in Vancouver was awarded the gold medal in the "Mission" category for promoting the "One District One Product" (ODOP) initiative in Western Canada. Dr. S. Jaishankar, Hon'ble Minister of External Affairs, and Shri Piyush Goyal, Hon'ble Minister of Commerce and Industry presented the award. Shri P. Kumaran, OSD (ER & DPA) received the award on behalf of the Consulate. High Commissioner of India Shri Sanjay Kumar Verma and Consul General Manish witnessed the ceremony virtually with other invited guests.
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Bihar
Bihar's antiquity is evident from its name, which is derived from the ancient word "VIHARA" (monastery). It is indeed a land of monasteries. Hindu, Buddhist, Jain, Muslim and Sikh shrines abound in this ancient land where India's first major empires rose and fell. Where the ruins of the worlds' earliest university slumbers in the void of time. The passage of Ganga, flowing wide and deep enrich the plains of Bihar before distributing in Bengal's deltoid zone. Among all Indian states, Bihar is the one most intimately linked to the Buddha’s life, resulting in a trail of pilgrimages which have come to be known as the Buddhist circuit. The Buddhist trail begins at the capital city, Patna, where a noteworthy museum contains a collection of Hindu and Buddhist sculptures as well as a terracotta urn said to contain the ashes of Lord Buddha.
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KNOW YOUR MILLETS- SORGHUM MILLET
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Sorghum Millet
Sorghum is a crop from the Gramineae family that is high in carbohydrates and has the scientific name Sorghum bicolor L. It is one of the staple crops for millions of semi-arid residents, is also known as “The KING OF MILLETS'. Its main ingredient is starch, which is digested more slowly than in other cereals and also has a low protein and fat digestibility. The onset of non-communicable diseases is significantly influenced by oxidative stress and excessive free radical production. The expression of the phase II enzyme is controlled by sorghum derived phenolic chemicals. These operate as the body's natural defense against oxidative stress by converting highly reactive electrophilic species (RES)into harmless and excretable metabolites. The most extensively cultivated millet is pearl millet (Pennisetum glaucum, P. typhoides, Pyridium, and P. americanum). Large stems, leaves, and heads characterize this summer cereal grass.
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India withstood global shocks in 2023, likely to remain fastest-growing major economy
Year 2023 saw the global geopolitical situation deteriorating with the worsening Russia-Ukraine crisis, the Israel-Gaza conflict and the Red Sea blockade. However, India withstood the global gust resulting from disrupted supply chains and rising food prices by leaning on high demand, moderate inflation, stable interest rate and strong foreign exchange reserves.
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India to remain fastest-growing major economy in 2024 dfgfhgfhh
India decisively withstood global headwinds in 2023 and is likely to remain as the world's fastest-growing major economy on the back of growing demand, moderate inflation, stable interest rate regime and robust foreign exchange reserves. dffghfhjghjjkjhk fjhgkjhkljklj fgjfkuyjkk dffghfhjghjjkjhk fjhgkjhkljklj fgjfkuyjkkdffghfhjghjjkjhk fjhgkjhkljklj fgjfkuyjkk
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Indian economy to achieve 6.5% plus growth on resilient consumption, investment
Even as curtains come down on a turbulent year underlined by the deceleration of the world economy, the growth acceleration of the Indian economy in H1 of FY24 presents a happy contrast with India expected to comfortably achieve a GDP uptick over 6.5 per cent in FY24, buoyed by the better than-expected growth in Q2 of FY24 and the emergence of India as the fastest-growing major economy in H1 of FY24 improving the growth prospects, according to the half yearly review of the Finance Ministry.
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Budget 2024: India's no longer 'fragile', can weather global market volatility
The roiling of global financial markets has always led to worries on the currency front back home given the high current account deficit. This year though, any volatility resulting from global spillovers may not lead to runaway depreciation of the rupee as the narrowing deficit has made the local unit resilient, say economists. fgjghjkghljklkjl; fgjghjkghljklkjl; fgjghjkghljklkjl; fgjghjkghljklkjl; fgjghjkghljklkjl; fgjghjkghljklkjl; fgjghjkghljklkjl;
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India's economy likely to grow nearly 7% in FY24, say economists
The economy may grow by around 7 per cent this financial year as estimated by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), say economists with various organisations.
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India is at inflection point; structurally on high growth path: PK Mishra
With a slew of reforms and progressive policies, India is at an inflection point and structurally placed on a high growth path, according to P K Mishra, Principal Secretary to the Prime Minister.
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India’s Year In Space In 2023: A Year In Historic Triumphs And Global Leadership
The third lunar mission by India, Indian Space Research Organisation (ISRO) achieved the historic milestone of landing the Chandrayaan 3 lander, Vikram near the south pole of Moon on August 23. It’s a particularly grand achievement as no other country in the world has ever managed to land anything there due to the area’s hazardous nature.
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Back Back In a first, India to launch GSAT-20 satellite on SpaceX Falcon 9 rocket: Details here
For the first time, the commercial arm of the Indian Space Research Organisation (ISRO) will launch a communication satellite on a SpaceX rocket. NewSpace India Ltd (NSIL), the ISRO's commercial arm, announced on Tuesday its plans to launch communication satellite GSAT-20 onboard Elon Musk-owned SpaceX’s Falcon-9 rocket.fgjghjjhkjhklhjkklgh fgjghjjhkjhklhjkklgh fgjghjjhkjhklhjkklgh fgjghjjhkjhklhjkklgh
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Make In India Lion Roars; Electronics Manufacturing To Grow To $115 BN IN 2024 | Report
India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo said the total production of electronic goods in the financial year 2023-24 is estimated to reach USD 115 billion, buoyed by an exceptional contribution of mobile phones, which is estimated to exceed USD 50 billion in the current fiscal
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Growth in Asia Pacific emerging markets to remain strong in 2024: Fitch
The economic growth in Asia Pacific will remain strong in 2024 and GDP is expected to grow by about 5 per cent in India and a host of emerging market countries, Fitch Ratings said on Wednesday. sadgdfhfghfghhj
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12% exports growth by 2030 more realistic expectation for India: Barclays
Barclays on Wednesday said that a “more realistic expectation” would be for India’s exports to grow by around 12%, which would result in a global export share of around 4% by 2030, or $1.6 trillion from $0.75 trillion currently as against the target of $2 trillion or 15% growth.
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Indian equities will continue to remain one of the favourite destinations for investors in 2024: Edelweiss MF
2023 was a stellar year for the Indian markets. As we head into the new year 2024, it is now time to be mindful of the investment trends which could emerge in the New Year. According to Edelweiss Mutual Fund, 2024 will be a year of multiple transitions.
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UPI transactions cross 100-billion mark in 2023 adfsfgdfhgdfhghfghf
Transactions through the unified payments interface (UPI) platform crossed the 100 billion-mark in calendar year 2023 to close at around 118 billion, as per the data shared by the National Payments Corporation of India (NPCI).
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UPI scales new high in December; 2023 value up 59% at Rs 183 trn
Unified Payment Interface (UPI) transactions scaled a fresh peak in December by clocking Rs 18.23 trillion in value and 12.02 billion in volume, rising 5 per cent and 7 per cent in those terms from November. sdgdfgdfhghgfh
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Year Ender 2023 | Beyond highways and express routes: A recap of Indian Roadways’ trailblazing milestones this year
As the wheels of progress continue to turn, the Indian Ministry of Roadways has reached significant milestones in the year 2023, reaffirming its commitment to infrastructural development and connectivity across the nation. hjfjkklkjlkl;k;k;jk'op'o' hjfjkklkjlkl;k;k;jk'op'o' hjfjkklkjlkl;k;k;jk'op'o' hjfjkklkjlkl;k;k;jk'op'o' hjfjkklkjlkl;k;k;jk'op'o'
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Isro’s XPoSat: India is the second country to launch satellite to study X-ray polarisation
India is the second country after the US to launch a satellite to study X-ray polarisation. The Indian Space Research Organization on Monday launched XPoSat-India's first dedicated scientific satellite for carrying out research in space-based polarisation measurements of X-ray emissions from celestial objects, including black holes.
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Digital India: A blueprint for national prosperity fgjhhgjghjkkhjkhkl
India’s position as a digital nation is gaining prominence around the world. Future-facing technologies such as 6G, open-source datasets, quantum computing, and AI-powered ecosystems can further support India’s transformative goals. As the digital wave permeates diverse industries, India is becoming the blueprint for nations to align their economic objectives with their digital initiatives. dghfjgkhjkhjljkl;l; fj dghfjgkhjkhjljkl;l; fjdghfjgkhjkhjljkl;l; fj
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India fastest growing premium smartphone market globally in 2023: Report
China, India, Middle East and Africa regions, and Latin America are likely to see a new record for premium market sales, with India being the fastest-growing premium market globally, noted the industry tracker Counterpoint in its report on global premium smartphone market in 2023. According to the report, it is the ultra-premium segment that is driving the growth – $1,000 and above price segment has captured over one-third of the total premium market sales in 2023.
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From UK to Peru, every nation wants to sign FTA with India to gain access to growing market, says report
India's rapidly growing market and economy have made it a lucrative option for developed as well as developing countries for free-trade agreements (FTAs), and countries such as Oman, Peru, Europe, and the UK are keen on signing the pact, according to a report by economic think tank Global Trade Research Initiative (GTRI).
The economic think tank said that a trade deal with India would let countries get access to the Indian market with less or no import duties on substantial trade, GTRI said in its report. The agreement will also give their companies an advantage over getting access to the Indian market. Another reason that makes FTA an appealing option for other countries is the import India does from other countries without a trade agreement. The report highlighted that India does over 75% of imports from other countries without FTA.
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