Daily current affairs related to commerce are essential for understanding market trends, financial regulation and economic shifts. *(Don't forget to check your Email and WhatsApp daily)* 1. New Mechanism Proposed for Corporate Insolvency Resolution Process The Insolvency and Bankruptcy Board of India (IBBI) has introduced a framework to enhance the efficiency of the Corporate Insolvency Resolution Process (CIRP). This initiative aims to address challenges faced by interconnected corporate entities undergoing insolvency. 2. Indian Army Enhances Firepower with New Contracts The Indian Ministry of Defence has signed contracts worth ₹10,147 crore to boost the firepower of the Indian Army. These agreements involve the procurement of advanced munitions for the indigenously developed PINAKA Multiple Launch Rocket System (MLRS). 3. India's Electric Vehicle Charging Infrastructure Revolution India's electric vehicle (EV) charging market is experiencing significant growth, with recent investments exceeding $450 million in start-ups focused on charging networks and battery-swapping models. Despite this, the current infrastructure remains inadequate, with only one public charger for every 135 EVs. 4. US Sanctions Impact on India's Chabahar Port Project Recent directives from the US administration have raised concerns regarding the future of India's Chabahar port project in Iran. This move is part of a broader strategy aimed at increasing pressure on Iran to curb its nuclear ambitions and military activities. 5. Stagnation in India's Shipping Industry Despite significant maritime sector development, India's shipping industry faces stagnation due to financial, regulatory, and tax challenges. Issues include slow cargo and fleet growth, declining vessel handling, and an aging fleet. The government has proposed measures such as a ₹25,000 crore Maritime Development Fund and customs duty exemptions to address these challenges. *React with '❤' if you find this informative.*