Welcome to the 15 December, 2022 edition of INDIA BULLETIN, presented by the Consulate General of India, Sydney
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G20 presidency big opportunity for India:
Prime Minister
Taking over the presidency of the Powerful G20 group nations from next month will give an opportunity to every citizen of India to celebrate and showcase the country’s soft power and diverse culture the world.PM Modi also highlighted India's capability to provide solutions to the various challenges being faced by the world.
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"Date is set" India, Australia trade deal (ECTA) to enter into force on December 29
The Aus-India Economic Cooperation and trade Agreement will enter into force on 29 December, delivering new market access opportunities for both countries and securing the friendship in the decades to come, ambassador O'Farrell
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India reveals US$ 29.6 billion (Rs. 2.44 trillion) plan to upgrade grid for clean power
As India plans to almost triple its clean-power capacity by 2030, India revealed a US$ 29.6 billion, plan to develop transmission lines to connect renewable production.This project aims to connect the solar plants in major states by improving India’s inter-regional transmission capacity from 112 gigawatts to 150 gigawatts
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Government asks trade bodies, banks to explore opportunities for trade in rupee with more countries
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The government has asked trade bodies and banks to explore opportunities for trade in rupee with more countries after having facilitated rupee trade with Russia, Mauritius and SriLanka
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More sectors to be covered under the PLI Scheme soon: Mr. Piyush Goyal
Mr. Piyush Goyal, Minister of Commerce & Industry, Consumer Affairs & Food & Public Distribution and Textiles, said at the CII Global Economic Policy Summit that for India to become a prosperous and developed nation, India will have to cope with global competition.
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Air India nears historic order for up to 500 jets
The orders include as many as 400 narrow-body jets and 100 or more wide-bodies, including dozens of Airbus A350s and Boeing 787s and 777s, they said, speaking on condition of anonymity as finishing touches are placed on the mammoth deal in coming day
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Redefining Ecommerce Democratisation A Glance At Government’s Revolutionary ONDC Initiative
A government of India initiative launched in a bid to promote open networks for all aspects of the exchange of goods and services adhering to an open-network methodology which will be unconstrained to a specific platform.
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Finance minister says India getting large investment flows
Finance minister Nirmala Sitharaman said that large amount of investment flows are coming to India among emerging markets as companies are looking beyond China-plus-one strategy and nudged for a guidance from the US to businesses to share technology with Indian partners
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India presents long-term opportunity for Australian wine exporters
Between September 2021 and September 2022, Australian wine producers exported 3.6 million litres of wine to India at a total value of $16.2 million.The market is dominated by still reds followed by still whites with shiraz blends, chardonnay and shiraz most popular, respectively
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India’s gems, jewellery exports up by 11.83% in Nov FY23
India’s gems and jewellery exports increased by 11.83% to US$ 2,429.86 million in November FY23, compared to the same month last year, due to the resumption of manufacturing activities after Diwali, according to a report by the Gem and Jewellery Export Promotion Council (GJEPC). In November 2021, the exports stood at US$ 2,380.97 million.
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Australia says law making Facebook and Google pay for news h ..
An Australian law giving the government power to make internet giants Facebook owner Meta Platforms .. and Alphabet Inc's Google negotiate content supply deals with media outlets has largely worked
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BoE holds meetings with foreign banks in India; keen to resolve CCIL logjam
The Bank of England has shown willingness to resolve the matter of de-recognition of the Clearing Corporation of India
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Budget 2023-24: Govt mulls basic Customs duty cut to align with FTA
India plans to cut some of its import duties in Budget 2023-24. The cuts will sit well with a raft of free trade agreements (FTAs) the government is negotiating with several countries" Sitharaman said at the start of the Ninth Indo-US Financial Partnership.
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