Indian e-commerce market to reach USD 325 billion by 2030: Deloitte.

  • India’s e-commerce market to reach $325 billion by 2030 at 21% CAGR.
  • Government focuses on establishing internationally recognized Indian standards.
  • Retail, FMCG, and e-commerce sectors are key to economic growth and self-reliance.
  • Plans for 50 food irradiation units and 100 testing labs to reduce food wastage.


India-UAE Bilateral Investment Treaty 2024 Enters into Force.

  • The India-UAE BIT 2024, effective from August 31, 2024, replaces the 2013 BIPPA.
  • Key features include arbitration for dispute settlement, protection against expropriation, and national treatment.
  • Provisions safeguard state rights to regulate and prevent claims involving corruption or fraud.
  • UAE is a key FDI source for India, with $19 billion invested from 2000 to mid-2024.


77th session of the WHO Southeast Asia Region was held in New Delhi.

  • Union Health Minister, Jagat Prakash Nadda highlighted the following keypoints:
    • Ayushman Bharat scheme provides over 120 million families with healthcare benefits
    • India supports the WHO's Global Traditional Medicine Centre initiative.
    • National Programme for NCDs established clinics and centers for early preventive care.
    • Jagat Prakash Nadda elected Chairperson of WHO SE Asia session.


US scientists awarded Nobel Prize in Medicine for microRNA discovery.

  • Victor Ambros and Gary Ruvkun Win 2024 Nobel Prize for MicroRNA Discovery.
  • Their research is key to understanding how organisms develop and function.
  • The Nobel Prize includes a 1.1 million dollar reward.
  • This is the 115th Nobel Prize in Physiology or Medicine since 1901.
  • Of 229 laureates in this category, only 13 have been women.


CBDT Invites Public Inputs for Comprehensive Review of Income-tax Act.

  • The review aims to reduce litigation and provide greater tax certainty.
  • Public can submit suggestions under four categories, including language simplification and compliance reduction.
  • A dedicated webpage for submissions is live from October 6, 2024, on the e-filing portal.
  • Suggestions must specify relevant provisions and include section or rule references.

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