From Likes to Lakhs: Social Media Stars Drive India’s $150 Million Influence Economy
In 2023, India’s social media influencer industry reached an estimated value of USD 150 million, signaling a significant growth trajectory for this sector. Influencers, with their substantial following on various social media platforms, have become pivotal in shaping opinions and influencing consumer behavior across diverse domains like cinema, politics, and consumer goods. The Advertising Standards […]
Revolutionizing IT Hardware Movement: SEZ to DTA Norms Relaxed
The Indian government has recently eased regulations for the transfer of used IT hardware goods from Special Economic Zones (SEZs) to Domestic Tariff Areas (DTAs). Previously, SEZs were considered as deemed foreign territories under customs laws, making the transfer of goods from these zones to DTAs equivalent to imports. This required companies in DTAs to […]
Building Bridges Through Power: SJVN Forges New Partnerships in India and Nepal
SJVN Ltd, a prominent state-owned power producer in India, has recently obtained approval from the Ministry of Finance to form four joint venture entities dedicated to advancing hydro and renewable projects. This ambitious move is set to significantly boost renewable energy production in both India and Nepal, aligning with broader sustainability goals. The joint ventures […]
No Space for Starlink: Vodafone Idea Shuts Down Rumors, Investors Lose Altitude
Vodafone Idea, a major telecommunications company in India, has officially denied any discussions or plans for a collaboration with Elon Musk’s satellite internet company, Starlink. This statement was issued to clarify the company’s position amidst recent rumors suggesting a potential partnership between the two entities. The rumors, which hinted at Elon Musk considering buying a […]
Green Light for Innovation: PLI Extension Fuels India’s Electric Vehicle Ambitions
The Indian government, through the Ministry of Heavy Industries, has announced an extension of the Production Linked Incentive (PLI) scheme for the automobile and auto components sector by one year, now stretching to the end of the financial year 2027-2028. This extension is part of a broader initiative to bolster domestic manufacturing of advanced automotive […]
Building Blitz: Faster Approvals for Rs 500 Crore+ Projects to Boost Q4 Economy
In a significant move to stimulate the economy, the Indian government has recently announced a relaxation in the norms governing public expenditure for the fourth quarter (January-March) of the current financial year. This relaxation specifically applies to expenditures exceeding Rs 500 crore. The Finance Ministry issued instructions regarding this through an office memorandum. The relaxation […]
io Reaches for the Stars: Satellite Internet Approval Imminent, Report Says
Reliance Jio is on the verge of a significant development in its satellite communication venture. The company is awaiting crucial authorizations from the Indian National Space Promotion and Authorization Centre (IN-SPACe), which are essential for deploying its satellite-based gigabit fibre services in India. The approval process is complex, requiring multiple clearances from various ministries. In […]
Second Chance at Savings: RBI Launches Initiative to Reunite People with Unclaimed Bank Accounts
In a significant move to address the issue of unclaimed deposits in banks, the Reserve Bank of India (RBI) has launched a centralized web portal named UDGAM (Unclaimed Deposits – Gateway to Access information). This initiative, spearheaded by RBI Governor Shaktikanta Das, is aimed at simplifying the process for citizens to search and claim unclaimed […]
BHEL Making India Self-Reliant In Energy, Infra; Contributing To Defence, Space Sector: Heavy Industries Minister
Bharat Heavy Electricals Limited (BHEL), a state-owned engineering firm, is significantly contributing to India’s journey towards self-reliance in energy and infrastructure, as well as playing a crucial role in the defense and space sectors. This was highlighted by Union Heavy Industries Minister Mahendra Nath Pandey during the inauguration of the newly-constructed BHEL Sadan in Noida […]
India’s Tax Haul Hits an All-Time High: December GST Revenue Crosses ₹1.65 Lakh Crore, Buoyed by Consumer Demand
The Goods and Services Tax (GST) collections in December 2023 have exhibited a remarkable growth, underscoring the robust health of India’s economy. The gross GST revenue collected for the month stood at an impressive ₹1.64,882 crore, marking a significant 10% increase compared to the same month in the previous year. This growth in GST collections […]