Make in India 2.0 Revs Up: DPIIT Targets 24 Sub-Sectors to Boost Manufacturing, Exports, and Import Substitution
n a significant move to bolster its manufacturing sector and reduce dependency on imports, the Indian government, through the Department for Promotion of Industry and Internal Trade (DPIIT), has launched an ambitious program titled “Make in India 2.0”. This initiative focuses on promoting domestic manufacturing, increasing exports, and cutting down imports across 24 strategically chosen […]
Navigating Post-Pandemic Finance: EPFO Retires Covid Advance Option
The Employees’ Provident Fund Organisation (EPFO) has reportedly terminated the Covid advance facility, which was a special fund withdrawal option for subscribers. This facility allowed EPFO members to withdraw part of their retirement savings as a Covid advance. The decision to discontinue this facility comes about seven months after the World Health Organization declared an […]
Healthcare for Millions: Ayushman Bharat Crosses 5 Crore Accounts Milestone in Campaign Push
NEW DELHI: In a significant development for India’s healthcare sector, the Ayushman Bharat Health Accounts (ABHA) has reached a new milestone with the creation of over 5 crore accounts during the ongoing Ayushman Bhava campaign. This achievement underscores the government’s commitment to enhancing public health infrastructure and accessibility across the nation. The Ayushman Bharat campaign, […]
Connecting the Himalayas: Massive Investment in Ladakh Infrastructure with Rs 1,170 Crore Push
In a significant move to enhance road connectivity and infrastructural development in Ladakh, Union Minister for Road Transport and Highways Shri Nitin Gadkari has announced the sanctioning of Rs 1,170.16 crore for the construction of 29 road projects in the Union Territory. This substantial allocation encompasses the development of state highways, major, and other district […]
Agri Exports Unhampered: Government Rules Out Minimum Export Price on All Commodities
New Delhi: In a significant development concerning the agriculture sector, the Indian government announced on Friday that it has no plans to implement a Minimum Export Price (MEP) on all agricultural products. This statement was made by Rajesh Agrawal, the Additional Secretary in the Department of Commerce, putting to rest any speculation about widespread MEP […]
Green Goals Met, Money Following: ZED Scheme Surpasses Rs 100 Crore Mark for Eco-Friendly MSMEs
In a significant development for India’s Micro, Small, and Medium Enterprises (MSMEs), the financial support extended under the Zero Effect, Zero Defect (ZED) certification scheme has surpassed the Rs 100 crore mark. As of late December 2023, the total assistance offered reached Rs 105.20 crore. This achievement marks a major milestone in the government’s efforts […]
India’s Startup Scene: A Story of Challenges and Emerging Opportunities
The Indian startup ecosystem experienced a significant downturn in 2023, marking a shift from the previous years’ exuberant growth. Funding across all stages saw substantial declines, with late-stage investments taking the most considerable hit, dropping by over 73% to $4.2 billion compared to $15.6 billion in 2022. Early-stage funding followed closely, falling 70% to $2.2 […]
Startup Engine: Each Indian Startup Creates 11 Jobs on Average, Review Shows
India’s startup ecosystem has made significant strides, as evidenced by recent data highlighting the creation of an average of 11 jobs per startup. This is part of a broader narrative of economic growth and job creation catalyzed by the startup sector in the country. Investments and Job Creation Fund of Funds for Startups (FFS) Scheme: […]
Ayodhya’s Awakening: Temple Inauguration to Fuel Rs 50,000 Crore Business Bonanza
In a remarkable fusion of spirituality and commerce, the consecration of the Ram Temple in Ayodhya, scheduled from January 21 to 23, 2024, is poised to not only mark a historic religious event but also catalyze a significant economic upsurge. The event is anticipated to generate a staggering Rs 50,000 crore in trade, as per […]
ZestMoney: End of the Road – A Look into Its Impending Shutdown and Acquisition Buzz
ZestMoney, an influential player in India’s fintech sector since its inception in January 2016, is set to shut down its operations by the end of December 2023. The company, once a prominent name in the ‘buy now, pay later’ (BNPL) space, faced a series of challenges leading to this decision. One of the primary factors […]