09-10.04.23 Archives

Revenues from petroleum, which was almost non existent in 2008-09 androseto nearly Rs 6,000 crore in 2013-14, has started moving up again registering 22% growth to reach Rs 4,889 crore in 2022-23.The performance of the sector dependent on international crude oil prices and volume of production. In fact, the royalty from crude oil fell to Rs 1904.79 crore in 2020-21 when the world economy was battered by theCovid.

June 14, 2024 by rawan239

In fact, after reaching the peak of Rs 5953.11 crore in 2013-14, the revenues hit the downward spiral with the royalty revenues dropping to Rs 4849.67 crore in 2014-15, Rs 2341.43 crore in 2015-16 and Rs 2331.73 crore in 2016-17. Although it showed signs of hitting the Growth path in 2018-19 with the collection rising to Rs 3883.22 crore, the Covid pandemic blew away

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the gains. But since then, the royalty mop-up has been on the upswing, recovering to Rs 3995.40 crore in 2021-22 and Rs 4889.17 crore in 2022-23.

India will be third largest economy by 2027-28: Piyush Goyal… Read more at

June 13, 2024 by rawan239

In a recent address to the Indian Diaspora community in France, Union Minister Piyush Goyal announced that India is set to become the third-largest economy in the world by 2027. Currently the fifth-largest economy, India has been experiencing an Average annual Growth rate of around 7% over the last decade, driven by factors such as a growing middle class and a focus on innovation and

Goyal cited the countrys export performance, which reached USD 750 billion in the 75th year of independence, as evidence of Indias upward trajectory.

He also highlighted Indias role as a global pharmacy, food bowl and trusted partner, with the world looking to Prime Minister Modis Leadership to tackle current global challenges.

Goyal affirmed Indias commitment

to its PARTNERSHIP with France, and called on the Indian diaspora to play a crucial role in furthering this partnership

Indias first 3D-printed post office to come up in Bengaluru

June 13, 2024 by rawan239

According to recent news reports, a 3D-printed Post Office is being built in Bengaluru, India, which will be the first of its

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kind in the country. Residents of Cambridge Layout are reportedly pleased with this development. The cost of constructing this post office is estimated to be 30 to 40 percent lower than that of a traditional building, and it is expected to be completed within 30 days. The 1100 square feet post office will cost around Rs 23 lakh to construct

The use of 3D printing technology can significantly reduce construction costs and expedite the building process, which would otherwise take several months. The proposed three-storied post office in Bengaluru has received clearance from the Building Materials and Technology Promotion Council of the Ministry of Housing and Urban Affairs and IIT-Madras for its 3D printing. This will be Indias first 3D-printed post office building.

UP tops list with 67,000 pending Pocso cases, Maharashtra next in line

June 13, 2024 by rawan239

Uttar Pradesh, the most populous state in the country, has 67,200 pending cases of heinous crimes against children, the highest among all states. This is almost 28% of all pending cases booked under the stringent Protection of Children

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from Sexual Offences (Pocso) Act.

To spare a sexually abused child from further harassment of court proceedings, amendments made to the Pocso Act provide for all trials to be completed in a time-bound manner in special fast-track courts (FTCs) set up specifically for this purpose across the country.

Maharashtrahas the second highest number of pending cases at 33,000, followed by West Bengal with 22,100; Bihar 16,000; Odisha 12,000 and and Madhya Pradesh with 10,000 cases each.
Delhi (with 9,108 pending cases),Rajasthan(8,921),Assam(6,875),Haryana(4,688) andJharkhand(4,408) figure among the top 13 states with large pendency of cases.

India ranks 5th in countries with most AI investment

June 13, 2024 by rawan239

Stanford Universitys AI Index report states that India is ranked fifth in terms of investments received by startups offering AI-based products and Services in 2022. AI startups in India received a total of $3.24 billion, surpassing countries such as South Korea, Germany, Canada, and Australia. However, India is still behind the US, China, the UK, and Israel in terms of AI investments received

According to the same report,

AI startups in India received a cumulative funding of $7.73 billion from 2013 to 2022, which places it sixth among the countries with the highest AI investments during that period. However, nearly 40% of this funding was received in the year 2022 alone.

The AI Index report by Stanford University revealed that 54% of the researchers working on Large Language Models (LLMs) are from American institutions. Nonetheless, for the first time, researchers from Canada, Germany, and India contributed to the development of LLMs last year