Leading the Green Revolution: IIT Kanpur and Kotak Bank’s Sustainable School Initiative
This collaboration between Kotak Mahindra Bank and IIT Kanpur is a significant milestone in India’s journey towards sustainable development and aligns with the nation’s broader goals of achieving long-term sustainable growth and meeting its net-zero target by 2070.
LIC Granted Decade-Long Extension to Meet 25% Public Shareholding Norm
In November, there was a 37.48% decrease in group premium to Rs 11,649.54 crore compared to the previous year, as reported by various sources.
BEL Clinches Rs. 4878 Crore Defense Contract, Boosting ‘Atmanirbhar Bharat’ Initiative
The contract, valued at a remarkable Rs. 4,522 Crore, signifies a major leap forward in the indigenization of defense technology under the ‘Atmanirbhar Bharat’ initiative. This news marks a significant milestone in India’s journey towards self-reliance in defense manufacturing.
Sowing Seeds of Innovation: India’s Rs 106.25 Crore Boost to Agri-Startups
This initiative, spearheaded by the Ministry of Agriculture, aligns with the broader vision of the Rashtriya Krishi Vikas Yojana (RKVY) and its dedicated program, “Innovation and Agri-Entrepreneurship Development,” which began in the 2018-19 fiscal year.
Rising Seas of Cost: How Red Sea Attacks Affect India’s Export Economy
Agricultural exports are expected to face a downturn of about $5 billion, primarily due to the Modi government’s restrictions on rice, wheat, and sugar exports, aimed at curbing domestic inflation.
Razorpay, Cashfree Resume Operations with RBI’s Payment Aggregator License
The Reserve Bank of India’s (RBI) approval for Razorpay and Cashfree to operate as payment aggregators is a significant development in India’s financial technology sector.
Indian Government Seeks Advisor for Bharat Bond ETF Management as AUM Hits Rs 50,000 Crore
The Bharat Bond ETF’s journey since 2019 has been noteworthy. Its initial offering helped central public sector enterprises raise Rs 12,400 crore, followed by subsequent tranches in 2020 and 2021, raising Rs 11,000 crore and Rs 6,200 crore, respectively. The fourth tranche in 2022 added another Rs 2,800 crore to the fund’s robust portfolio.
New Era of GST Compliance: 2FA Now Required for E-Way Bills and E-Invoices
The 2FA feature was enabled on December 1 and rolled out initially in Haryana, followed by Punjab, Chandigarh, Uttarakhand, Rajasthan, and Delhi in the first phase. The second phase will extend this across India.
Finance Ministry’s Bold Move: Rs 10,000 Crore Advance for MGNREGS
Adding to this, Union Rural Development Minister Giriraj Singh indicated that an extra allocation of Rs 28,000 crore is in the pipeline, awaiting clearance in the ongoing Winter session of Parliament.
PM SVANidhi Scheme Empowers Street Vendors with Rs 9,790 Crore in Loans
The PM SVANidhi scheme, designed as a micro-credit program, targets urban street vendors, offering them collateral-free working capital loans of up to Rs 50,000