Charting India’s Growth: The Strategic Rs 109 Trillion Infrastructure Investment
The NIP covers both brownfield and greenfield infrastructure projects with individual costs above Rs 100 crore. These projects are spread across both economic and social infrastructure segments.
Indian Government’s Bold Move: Monthly Review of Top 20 Insolvency Cases by State-Run Banks
Over Rs 7 lakh crore worth of bad debt was written off between 2019 and 2023. However, the recovery rate has been low. In 2023, out of Rs 6.5 lakh crore worth of stuck assets, only about 15% (Rs 94,000 crore) was recovered, with a significant portion coming through the IBC route.
Parliament Approves Crucial GST Tribunal Amendments, Enhancing Appellate System
The recent passage of the Central Goods and Services Tax (Second Amendment) Bill, 2023, by the Indian Parliament marks a significant step in strengthening the GST Appellate Tribunals (GSTAT). The bill was passed by the Rajya Sabha after being cleared by the Lok Sabha.
Empowering Women Entrepreneurs: MSME Ministry Makes ZED Scheme Free
Under the ZED Scheme, MSMEs can avail of handholding and consultancy support up to Rs. 5 lakh per MSME. This support is crucial for assisting them in moving towards Zero Defect Zero Effect solutions.
Revolutionizing Rural Livelihoods: The MoRD-JioMart Partnership
The collaboration also focuses on digitizing the operations of SHGs, aligning with the ‘Make in India’ initiative. This effort aims to transform the digital retail ecosystem in India, contributing to the empowerment and growth of millions of SHGs.
RBI’s Proactive Measures to Safeguard Against Indirect Loan Risks
The central bank’s latest directive, aimed at curtailing the practice of “evergreening” of loans, marks a significant shift in the regulatory landscape of India’s financial sector.
The Electric Highway: Tata Power and IOCL Set Up 500+ Charging Stations
The company’s network spans more than 420 cities across India, offering a variety of charging solutions, including over 62,000 home chargers, 4,900 public and semi-public charging points, and 430 bus charging stations.
Reliance and DBS Bank Forge Path to Sustainable Energy with 100 CBG Plants
The initiative plans to use over 5.5 million tonnes per annum of agricultural residue and organic waste, leading to a projected reduction of nearly 2 million tonnes of carbon dioxide emissions annually.
The Dawn of Digital Trade: India and Korea Launch EODES
The India-Korea Electronic Origin Data Exchange System (EODES) was officially launched on December 6, 2023, marking a significant step in the trade relations between India and South Korea
ADB and India Partner for $250 Million Industrial Corridor Enhancement
This initiative is a continuation of the support provided by ADB for India’s industrial development, following a similar $250 million loan approved in October 2021.