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INDIA IN VANCOUVER-WEEKLY
NEWSLETTER
Issue No-19- 11/08/2023
Consulate Weekly Newsletter
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Crafting Culture, Empowering Lives: India's Handloom Marvel
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As part of Azadi Ka Amrit Mahotsav, the Government of India has launched the ‘Har Ghar Tiranga’ campaign. Consulate General of India in Vancouver encourages members of Indian community and friends of India to hoist the Tiranga (National Flag of India) in their homes during 13-15 August 2023. Click a selfie with the flag & upload on Har Ghar Tiranga website harghartiranga.com.The display / hoisting / use of the Indian National Flag is governed by the Flag Code of India, 2002 and the prevention of Insults of National Honour Act 1972.
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NAMASTE CANADA
FREE DANCE WORKSHOP SERIES
Dance Style – Kollywood Fusion
Let's shake a leg to the viral song Kaavala from JAILER (Rajinikanth / Tamannah) with Angay Chandrashekar founder of 5th Door Danz Academy. Fun, fun & fun only. Dance brings joy, it rejuvenates your mind and body. In this session, you will laugh, learn, interact, vibe and more importantly, you will be your true self.
When-Saturday, August 12, 2023
Time-4.30 PM – 6.00 PM
Where-18 - 11860 River Road, Surrey
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Encompassing serenity, Kerala is a charming South Indian destination that should be in every traveller’s bucket list. Adorned with the emerald backwaters, sprawling and lush tea estates, pristine hill stations, and azure Arabian Sea, Kerala tourism boasts numerous tourist places with which you will fall in love instantly. In North Kerala, districts like Kasaragod, Kannur, Wayanad, Kozhikode, and Malappuram have many attractions for the tourists. Wayanad offers a lovely hill station holiday whereas Kozhikode offers a great beach holiday and an opportunity of bird watching. In Central Kerala, Palakkad, Thrissur, Ernakulam, and Idukki have a number of experiences in store.
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Proso-millet
Proso-millet (Panicum miliaceum L.) is an underutilized crop which is highly nutritious cereal grain used for human consumption, bird seed, and/or ethanol production. Grains of proso Millet are a rich source of vitamins (niacin, B-complex vitamins, and folic acid), minerals (PCa, Zn, Fe) and essential amino acids (methionine and cysteine), starch, and phenolic compounds like antioxidants and Beta-glucan. Seeds also contain components with healing benefits, which decrease the level of low-density lipoprotein cholesterol in blood and injury to the liver and high lecithin content which supports the neural health system.
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India's Chandrayaan-3 enters lunar orbit ahead of historic Moon landing mission
India's latest space mission entered the Moon's orbit on Saturday ahead of the country's second attempted lunar landing, as its cut-price space programme seeks to reach new heights. The world's most populous nation has a comparatively low-budget aerospace programme that is rapidly closing in on the milestones set by global space powers.Only Russia, the US and China have previously achieved a controlled landing on the lunar surface.
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PM Modi launches Rs 24k crore project to revamp 508 railway stations
The redevelopment is being undertaken under the Amrit Bharat Station Scheme, which was conceptualised earlier this year with a target to modernise over 1,300 stations.Prime Minister Narendra Modi on Sunday laid the foundation stone for the redevelopment of 508 railway stations in the country.
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A competitive aviation sector is truly giving wings to India's rapidly growing economy
The Indian aviation sector has become highly competitive and is thriving with new entrants such as Fly91 and state-of-the-art airports, contributing to 5% of India's GDP and creating 4 million jobs. The industry is dominated by multiple airlines, including Indigo, Air India, and Spice Jet, which increases consumer choice. The recent acquisition of Air India by the Tata Group has led to ambitious plans, including having one low-cost airline and one full-service airline.
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Our performance in World Uni Games will make every Indian proud
Prime Minister Narendra Modi on Tuesday hailed India's improved show at the World University Games, saying it is a performance which will make every Indian proud. India ended their World University Games (WUG) campaign with their best-ever performance, winning a record haul of 26 medals, including 11 gold, in Chengdu, China.Modi tweeted, "A sporting performance that will make every Indian proud!... A salute to our incredible athletes who have brought glory to the nation and inspired upcoming sportspersons." He noted that at the 31st World University Games, Indian athletes returned with a record-breaking haul of 26 medals!
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How Digital Payments are Transforming India’s Financial Landscape
The revolution of digital payments is transforming India’s financial landscape, ushering in an era of unprecedented convenience and efficiency. This shift towards a cashless economy is not only changing the way transactions are conducted but also reshaping the country’s economic and social fabric. The advent of digital payments in India can be traced back to the launch of the National Payments Corporation of India (NPCI) in 2008. This was a significant milestone that paved the way for the development of a robust digital payments ecosystem. The NPCI introduced several innovative payment systems, including the Immediate Payment Service (IMPS), Unified Payments Interface (UPI), and Bharat Interface for Money (BHIM), which have revolutionized the way Indians transact.
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India succeeds in reducing emissions rate by 33% over 14 years
India's greenhouse emissions rate dropped by a faster-than-expected 33% in 14 years as renewable energy generation rose and forest cover increased, according to two officials privy to latest assessment made for submission to the United Nations. The report's findings showed India well on the way to meeting a commitment to the United Nations Convention on Climate Change (UNFCCC), to reduce emissions intensity by 45% from the 2005 level by 2030.
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India’s solar parks generate 10.2 GW power nationwide
Union minister for new & renewable energy and power R. K. Singh on Wednesday said India’s solar power projects’ initiative has resulted in the establishment of solar projects boasting a collective capacity of 10.2 GW across the country.In a written reply in Rajya Sabha, the minister emphasized that the “Development of Solar Parks and Ultra Mega Solar Power Projects" initiative has been granted an approved budget of ₹8,100 crores. The scheme has been extended till the fiscal year 2025-26, without any additional financial outlay.
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‘Very optimistic’ about the Indian start-up sector, says London Chamber of Commerce and Industry Head Burge
In an interview with The Hindu, prior to his visit this week to Chennai, Hyderabad and Bengaluru, for a start-up festival, London Chamber of Commerce and Industry (LCCI) CEO Richard Burge is bullish on India-U.K. business collaboration, the Indian start-up sector and the prospects of London, post-Brexit. His visit to India is the latest in a series of high-profile U.K. trade and business visits to India.
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India can achieve $5-trn economy target within 18 months: NaBFID chairman
According to Kamath, infrastructure development would be the key driver of India's growth, especially in transforming its cities.K V Kamath, chairman of the National Bank for Financing Infrastructure and Development (NaBFID), expressed his confidence in India’s potential to achieve the $5-trillion economy target within 18 months.
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India: Ayush Visa launched for foreign travellers to promote medical tourism
The Ministry of Home Affairs has notified the creation of a new visa category, Ayush Visa, for foreign nationals, who are keen to visit the country for medical treatment including therapeutic care, wellness and yoga in India. The introduction of this special visa will meet the purpose of introducing a special visa scheme for foreigners visiting India for treatment across different streams.Reports add that Ayush Visa aims to fulfil the need for introduction of a special visa scheme for foreigners. Referring to this, Union Minister of Ayush Sarbananda Sonowal added that this new initiative will help boost medical tourism in India, and will strengthen their endeavour of making Indian traditional medicine a global phenomenon.
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BofA upgrades Indian market outlook, sees Nifty at 20,500 by December
The Bank of America has upgraded the outlook for the Indian market and said it sees Nifty hitting 20,500 points by December, citing stronger domestic inflows and no risks of recession in the US. This comes a week after Morgan Stanley upgraded the Indian equities market to the number one slot among emerging markets (EMs) in Asia, excluding Japan, and going past Korea and the UAE.
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‘Showing great strength’: PHDCCI’s GPS Index on the Indian economy increases 14.1% on-year
PHD Chamber of Commerce and Industry’s (PHDCCI’s) GPS Index for July went up from 136.1 in July 2022 to 155.3 in July 2023, recording an increase of 14.1 per cent year-on-year. The GPS Index captures the momentum in supply side business activity. The commerce chamber said that the GPS Index has shown a steady momentum despite global headwinds such as high inflation and the uncertainties arising out of the Russia-Ukraine war.
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UPI is world’s digital public good; will aid others build their versions
The number of countries where the Unified Payments Interface (UPI) “is live" is set to double in the next 12 to 18 months, said Ritesh Shukla, the chief executive officer of NPCI International, the firm running India’s flagship retail payment and settlement system.
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India's EV Revolution: Paving The Way To Becoming A Global Manufacturing Hub
The automotive landscape in India is undergoing a momentous transformation, driven by a steadfast commitment to sustainable and eco-friendly transportation. The electric vehicle (EV) revolution is in full swing, and India is swiftly positioning itself as a formidable global manufacturing hub for electric mobility.
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It’s India's medium term story that excites us so much: Jonathan Garner, Morgan Stanley
Jonathan Garner, Chief Asia & Emerging Market Strategist & Chairman of Asset Allocation, Morgan Stanley, says “portfolio investment is moving towards India at the moment which means that though the multiple in absolute terms is about 20 times one year forward PE, they look higher compared to emerging markets at about 12 times. The superior compound EPS growth and portfolio equity inflows likely keep the market very well supported.”
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‘India has moved from a savings economy to a spending economy & this is visible in travel
Travel expenses of Indians have surged by 15-20% this year compared to pre-pandemic figures of 2019. Despite the rise in costs, the nation's travelers remain undeterred. The year 2023 is shaping up as an unusual year for travel, with elevated fares likely influenced by major events such as the G20 summit, the forthcoming ICC Men's Cricket World Cup, and other marquee events.
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More countries, including Japan, a few from the West, interested in UPI linkages
The Reserve Bank on Thursday said the internationalization of the unified payments interface (UPI) system is a work in progress as it works towards linking it with more and more overseas counterparts, including some in the West and Japan. On February 21, 2023, the RBI announced the first linkage of UPI by integrating it with Singapore's Paynow, paving the way for faster and more transparent remittances between the two countries.
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Apple India revenue grows double digits to hit June qtr record
The company posted a quarterly revenue of $81.8 billion, down 1 percent year-on-year (YoY), and quarterly earnings per diluted share of $1.26, up 5 per cent YoY.Despite a 1 per cent year-on-year (y-o-y) dip in Q3 revenue, India continues to shine as a top-performing market for iPhone manufacturer Apple. According to Tim Cook, Apple's chief executive officer, the company's Indian operations recorded double-digit y-o-y growth and set a quarterly record in the June quarter, fuelled by robust iPhone sales.
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PM Narendra Modi lauds Indian Women's Compound team for historic gold medal at World Archery Championship
Indian Prime Minister Narendra Nodi, on Saturday, August 5, congratulated the Indian Women’s Compound Team for winning their maiden gold medal in the ongoing World Archery Championships in Berlin. PM Modi lauded the trio of Jyothi Surekha Vennam, Aditi Swami and Parneet Kaur, who, on Friday, finished at the first spot by beating Mexico in the final.Taking to Twitter, PM Modi wrote it was a proud moment for the compound team and India and congratulated them. "A proud moment for India as our exceptional compound Women's Team brings home India's first-ever gold medal in the World Archery Championship held in Berlin.
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Consulate General of India
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