“The New Indian Dream: Success Stories of Returning Entrepreneurs Transforming India’s Landscap”
India’s startup ecosystem has experienced rapid growth in recent years. From just 452 startups in 2016, the number has skyrocketed to 84,012 by 2022. These startups, recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), have created over 9 lakh direct jobs, marking a 64% increase in 2022. India is now the third-largest startup hub globally, following the United States and China.
Personal Loans Set to Become Costlier as RBI Tightens Lending Norms
The Reserve Bank of India’s (RBI) recent decision to tighten lending norms for personal loans is likely to push up interest rates by 25-100 basis points, making them more expensive for borrowers.
“Jal Jeevan Mission: A Revolution in Rural Water Supply in India”
Since January 2023, an average of 87,500 tap connections per day have been established. Uttar Pradesh leads in the current fiscal year with over 61 lakh new Functional Household Tap Connections. This pace of development illustrates the mission’s commitment to rapid progress.
“Navigating RBI’s New Consumer Loan Regulations: Impact on Indian Economy and Borrowers”
The RBI has raised the risk weight for consumer credit exposure for banks and NBFCs by 25 percentage points, now standing at 125% for retail loans. This increase means that banks and NBFCs will need to allocate more capital against these loans, making them costlier to offer.
“The Inside Story of 11.5 Crore PAN Cards’ Deactivation: Causes and Consequences”
As of June 30, 2023, an astonishing 11.5 crore Permanent Account Number (PAN) cards were deactivated. This number comprises roughly 16% of all PAN cards in India, a not insignificant portion by any measure.
“India’s Leap Forward in IT: Analyzing the Impact of the Hardware PLI Initiative”
27 companies, including tech giants like Dell, Foxconn, Lenovo, and HP, under the new Production-Linked Incentive (PLI) Scheme for IT hardware marks a significant stride towards enhancing domestic manufacturing and reducing dependency on imports.
The Plight of Madhya Pradesh’s Rural Workers: A Deep Dive into the Wages Crisis
The scenario is equally grim for non-agricultural workers in MP, who earn an average daily wage of ₹246.3, again below the national average of ₹348. Construction workers in MP fare slightly better but are still below the national average, earning ₹278.7 per day compared to the national average of ₹393.3.
The Success of India’s 21st E-Auction Under the Open Market Sale Scheme
21st e-auction under the Open Market Sale Scheme (OMSS) for domestic markets. Conducted on November 15, 2023, this event marks a crucial step in ensuring the availability and affordability of essential food commodities like wheat and rice for Indian consumers.