Kautilya

Value e-Commerce in India to Touch US$ 40 Billion by 2030: Report

According to a research by Kearney, the value e-commerce industry in India is anticipated to reach US$ 40 billion by 2030, up from US$ 4 billion in 2019. This is due to a significant growth in internet users and as more people adopt online buying. According to the report titled “Value e-commerce: the next big leap in India’s retail market,” the expanding digital footprint in tier III and IV areas, as well as rural India, along with the aspirational needs of these consumers and their changing attitudes toward online buying, present a massive opportunity.

Pilot Launch of International Bullion Exchange – The Gateway for Bullion Imports

Following the announcement by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in Union Budget 2020-21, the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020 were notified on December 11, 2020 which inter alia cover the Bullion Exchange, Clearing Corporation, Depository and Vaults. Government has also taken steps to notify bullion spot trading and bullion depository receipts with underlying bullion as financial products and bullion related services as financial services.

Indian Navy Undertakes Bilateral Maritime Exercise With Vietnam People’s Navy in the South China Sea

The sea phase included surface warfare exercises, weapon firing drills and helicopter operations. Regular interactions between the two navies over the years have enhanced their interoperability and adaptability. This has ensured a quantum jump in the complexity and scale of professional exchanges. This visit also holds special importance as Indian Naval ships celebrated the country’s 75th Independence Day in Vietnam.

Cabinet Approves MoU Between Permanent Mission of India to the WTO, Centre for Trade and Investment Law and Centre for Trade and Economic Integration

The collaboration between academicians, practitioners, jurists, policy makers, and students from India, Switzerland and other countries would help create a technical and nuanced understanding of emerging and new areas of international trade and investment law and related disciplines. The MoU will remain in force for three years.

Joint Guidance For The Australia – India Navy To Navy Relationship’ Signed Between Indian Navy & Australian Navy

A ‘Joint Guidance for the Australia – India Navy to Navy Relationship’ document was signed between the Indian Navy and Royal Australian Navy today, 18 August 2021. The signing ceremony was held virtually between Adm Karambir Singh, Chief of the Naval Staff, Indian Navy and Vice Admiral Michael J Noonan, Chief of Navy, Australian Navy.

IIT Kanpur Develops ‘Sanjeevani’ Oxygen Concentrator

Equipped with the pressure swing adsorption (PSA) technique, the technology has been transferred and licensed to a Bengaluru-based company Albot Technologies Private Limited. The oxygen concentrator works at a flow rate of 10 litres per minute (LPM) with an oxygen purity of 92% ±3. The concentrator has an adjustable capacity of 1 to 10 LPM which can be used for both medical as well as personal uses.