Alibaba.com was launched in 1999. At first, it allowed manufacturers to sell directly to business owners (when a business sells to another business, it is called B2B).
Read More Alibaba fined 18.2 billion Yuan ($2.8 billion) for monopoly practices
Category: Economics
Two new seaweed species discovered in India
A group of marine biologists (people who study life in the oceans) from the Central University of Punjab have discovered two new species of seaweeds.
Read More Two new seaweed species discovered in India
First shipment of red rice exports to US flagged off
The first consignment of red rice was flagged off on March 4th to the USA. This will give a major boost to India’s rice export potential.
Read More First shipment of red rice exports to US flagged off
India signs free trade agreement with Mauritius
India entered into a Comprehensive Economic Cooperation and Partnership Agreement (CECPA) or free trade agreement (FTA) with Mauritius.
Read More India signs free trade agreement with Mauritius
Indian PM inaugurates and lays foundation of projects in Kerala and TN
Indian Prime Minister Narendra Modi, on Sunday inaugurated and laid foundation stone of several key projects in Kerala and Tamil Nadu.
Read More Indian PM inaugurates and lays foundation of projects in Kerala and TN
Union Budget 2021: Key Highlights
Finance Minister Nirmala Sitharaman presented the Union Budget 2021 in the Parliament using a tablet instead of paper as a COVID-19 safeguard.
Read More Union Budget 2021: Key Highlights
India’s oil products consumption falls in 2020
India consumed 10.8% fewer oil products than it did in 2019. According to Bloomberg, this is the first time that they have observed a fall in demand since 1999.
Read More India’s oil products consumption falls in 2020
China and Vietnam import rice from India
India is the world’s second largest producer of rice. China is the world’s largest importer of rice. In December 2020, China imported rice from India.
Read More China and Vietnam import rice from India
Indian Share Market opens at all-time high
Bombay Stock Exchange Sensex crossed 48,000-mark for the first time ever. This rise was seen after the government approval the vaccines!
Read More Indian Share Market opens at all-time highIndia’s Foreign Trade April – Nov 2020
What has led to India’s trade surplus in 2020? Is this a repeatable feat?
Read More India’s Foreign Trade April – Nov 2020