March 20 Development- March 21 is recognized as a World Forest Day and India steer ahead of creating its own browser which will be compatible for all platform. Read full development of March 20 in India. Also check the India position in economic sector.
Yes Bank and DPIT to bolster India’s Start up eco systems
In a significant move to bolster India’s startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with YES BANK. This collaboration aims to foster innovation and provide crucial support to product startups, innovators, and entrepreneurs across the country.
The partnership will leverage DPIIT’s Startup India initiative and YES BANK’s financial expertise to facilitate market linkages, funding access, mentorship, and infrastructure support for early-stage ventures. Startups will benefit from YES BANK’s HeadStartup program, which offers tailored banking and financial solutions, including working capital, credit access, and cash flow management. Additionally, they will gain access to YES BANK’s extensive network, strategic partnerships, and industry expertise, enabling them to scale operations and attract investments effectively
DPIIT and Kyndryl Partner to Drive Innovation in India’s Manufacturing and IT Startup Ecosystem
Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, and Kyndryl Solutions Pvt Ltd, have signed a Memorandum of Understanding (MoU) to accelerate innovation and scale India’s startup ecosystem. The partnership will focus on supporting startups in the manufacturing and IT sectors by leveraging Kyndryl’s expertise in digital transformation and Generative AI solutions.
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Speaking on the occasion, Joint Secretary, DPIIT, Shri Sanjiv, stated that this collaboration marks an important step in fostering an innovation-driven startup ecosystem in India. By leveraging Kyndryl’s global expertise and enterprise solutions, DPIIT aims to support startups in scaling their operations and driving technological advancements across industries.
Cultural Property Agreement with US
Cultural Property Agreement (CPA) has been signed with the United States of America (USA) to prevent smuggling of Indian antiquities. Agreement, being preventive in nature has no timelines or target numbers. So far, 588 antiquities have been repatriated from USA, out of which 297 received in 2024.
India collaborates with different international organizations including UNESCO and INTERPOL as per requirement.
The CPA has provision for fostering cooperation and mutual understanding in the matters of technical assistance, illicit trade and pillage of cultural property.
Ministry of Corporate Affairs Hosts Second Candidate Open House for PM Internship Scheme
In a continued effort to engage and support eligible candidates for the PM Internship Scheme, the Ministry of Corporate Affairs (MCA) hosted its second Candidate Open House on 19th March 2025. This initiative is part of the ministry’s commitment to addressing candidate queries and concerns throughout the application phase. The MCA plans to hold these Open Houses every week, providing candidates with real-time answers to their questions.
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To ensure effective and focused discussions, candidates were encouraged to submit their queries in advance through a dedicated link shared via email. This allows the moderators to address the most common concerns while also ensuring that live questions posted during the session are answered. For the second Open House, 340 responses were collected in advance, building on the 423 received for the inaugural session on 10th March.
Public Art of India (PARI) project
The Ministry of Culture, through Project PARI, aims to promote India’s diverse regional art forms internationally by leveraging the project’s transformation of Delhi’s public spaces into vibrant artistic landmarks. Showcasing a rich blend of traditional styles like Phad, Thangka, Gond, and Warli, created by over 200 artists, PARI serves as a compelling visual journey for both national and international audiences. By acting as an open gallery, it provides tangible exposure to India’s artistic heritage
AFMS and NIMHANS, Bengaluru Ink MoU for Collaborative Research & Training
In a significant step towards improving the mental well-being of the nation’s defense personnel, the Armed Forces Medical Services and the National Institute of Mental Health and Neurosciences (NIMHANS) have signed a Memorandum of Understanding (MoU), for collaborative research and training aimed at enhancing mental health support and care for the Armed Forces
The key objectives of the MoU include collaborative research, faculty exchange and academic activities. NIMHANS, with its expertise in Neuropsychiatry, will provide help in conducting research on advanced Psychiatric care and support to military personnel, addressing common issues such as Post Traumatic Stress Disorders (PTSD), Anxiety, and Depression.
Certification for eri silk
The North Eastern Handicrafts and Handlooms Development Corporation Ltd. (NEHHDC) under the Ministry of Development of North Eastern Region, has obtained Oeko-Tex certification for eri silk from Germany. Oeko-Tex is a worldwide certification for textiles such as yarns, fabrics, buttons, linens, terry cloth, thread, and other accessory materials that tests for harmful substances in raw, semi-finished and finished textile materials and products. The Oeko-Tex certification ensures that the final product is safe for human use.
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India’s Own Browser soon
Yes it is true India will have its own browser soon which will be compatible to all systems
As part of this vision, IWBDC was launched to develop an indigenous web browser, receiving enthusiastic participation from startups, students, and researchers, all eager to contribute to India’s digital self-reliance. The Minister also urged the need to accelerate the journey from innovation to large-scale productization, enabling the widespread adoption of homegrown digital solutions and encourage startups and industry to develop competitive secure, and scalable technologies that contribute to India’s self-reliance.
Indian Web Browser Development Challenge (https://iwbdc.in) was launched setting the stage for a transformative journey in web browsing. Structured across three progressive stages—Ideation, Prototype, and Productization—the challenge required designing the browser with a spectrum of critical features, including a dedicated trust store with CCA India Root certificate, Digital Signing within the browser, Child-friendly browsing, Parental Controls, seamless compatibility with all official Indian languages, Web3 support, and cutting-edge browser capabilities. The competition garnered an overwhelming response from startups, industry leaders, and academia, showcasing India’s immense talent and drive for digital sovereignty. A remarkable 434 teams registered for the challenge, embarking on a rigorous and competitive journey. As the challenge unfolded, eight outstanding teams made it to the final stage, where their innovations were evaluated by a distinguished Jury Panel.
Zoho Corporation emerged as a winner with Team PING- a startup as 1st Runner-Up and Team Ajna a startup as the 2nd Runner-Up. Recognizing their outstanding contributions, an award of ₹1 crore, ₹75 lakhs, and ₹50 lakhs was given to the winner, 1st Runner-Up, and 2nd Runner-Up, respectively. A special mention was made for “Jio Vishwakarma” for their design of browsers in varied platforms.
20 March is a world sparrow Day
International Forest Day 21 March
Every year on March 21, the world celebrates the International Day of Forests to celebrate all types of forests, recognize the importance of trees and forests, and take action to protect them.
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India Economic Outlook
- India’s GDP is projected to grow by 6.5% in FY 2024-25, according to NSO’s Second Advance Estimates.
- Quarter 3 GDP growth was 6.2%, rebounding from 5.6% in Q2 due to higher private consumption and government spending.
- Sectors driving growth: construction, trade, and financial services.
- Manufacturing employment grew at the second-fastest rate since the PMI survey began.
- Services sector employment also expanded significantly, reflecting strong demand.
- Urban unemployment remains at a historic low of 6.4%.
- Exports grew marginally by 0.1% to $395.6 billion from April 2024-Feb 2025 but merchandise exports declined by 10.9% YoY in February, largely due to base effects and weak global demand.
- Top-performing export sectors: electronics, rice, and ores.
- Weak export sectors: petroleum products, engineering goods, chemicals, and gems & jewellery.
Import
- Imports increased by 5.7% to $656.7 billion, driven by gold, electronics, and petroleum during April 2024-Feb 2025, however it fell by 16.3% in Feb 2025, leading to a narrowing trade deficit.
- Oil and gold imports dropped significantly, contributing to the decline in overall imports.
- Imports of electronic goods and machinery remained strong, reflecting domestic investment demand
Agriculture Sector
India’s foodgrain production for 2024-25 is estimated at 330.9 million tonnes, marking a 4.8% increase from 2023-24, driven by kharif production up 6.8% and rabi up 2.8%, according to second advance estimates
Automobile
- Car and motorcycle sales declined in February due to weaker demand.
- Tractor sales saw double-digit growth, indicating strong rural economy demand.
- Toll collections and E-way bills recorded double-digit growth, signalling robust infrastructure activity.
Trade War & Tariffs Impacting Growth
- The global economy entered 2025 with strong momentum but is now slowing due to increased protectionism and trade restrictions.
- US-China tariff escalations could reduce US GDP growth by 0.6 percentage points in 2025 and shrink the economy by 0.3-0.4% in the long run.
- OECD lowered global GDP forecasts to 3.1% in 2025 and 3.0% in 2026 due to slowing demand.
Commodity Markets & Inflationary Pressures
- Global oil prices fell 15% since mid-January 2025 due to reduced demand expectations.
- Gold prices hit a record high of $3000 per ounce due to investor flight to safety.
- Food production outlook improved, with cereal production exceeding 2024 levels.