BonV Aero Secures Rs 6 Crore in Funding Round Headed by Inflection Point
About BonV Aero BonV Aero is a drone startup based in Bengaluru that provides aerial vehicles for both goods and passenger transportation. The company specializes in state-of-the-art aerial vehicles tailored for challenging terrains like the Himalayas. It focuses on the needs of Indian defence logistics, disaster relief, emergency medical services, supply chain logistics and rapid […]
Rs 4,415 Crore Disbursed by Government under PLI Scheme; Job Creation Remains a Challenge
Disbursement Overview The Indian government has effectively disbursed Rs 4,415 crore under the Production-Linked Incentive (PLI) scheme, covering eight key sectors including electronics, pharmaceuticals, IT hardware, bulk drugs, medical devices, telecommunications, food processing, and drones. The fiscal year 2024 witnessed a disbursement of Rs 1,515 crore till October, following Rs 2,900 crore in the fiscal […]
Government Seeks Public Feedback on Draft Bill Proposing Repeal of Indian Stamp Act
Background The Indian Stamp Act, 1899 is a fiscal statute that lays down the law relating to tax levied in the form of stamps on instruments recording transactions. The Act is over a century old and has been amended several times to enable a more modern stamp duty regime. However, some of its provisions have […]
NHAI Plans Amendment of Model Concession Agreement for BOT Initiatives
The National Highways Authority of India (NHAI) is planning to amend its model concession agreement (MCA) for build-operate-transfer (BOT) projects in order to attract more private sector investments and revive the BOT toll model for highway development. Background The BOT toll model involves private developers building, operating and maintaining highways for a specified concession period, […]
Commerce Ministry Set to Launch Information Portal for Prospective Exporters
The Commerce Ministry of India is planning to launch an online platform in the next two to three months to provide all relevant information, including details about custom duties, for aspiring exporters. The portal, named ‘Trade Connect ePlatform’, will act as a one-stop place for getting all information on engaging in export activities. Benefits of […]
DLabs at ISB, RBI Innovation Hub, and UBI Jointly Kickstart the `Build for Billions’ Program
DLabs at the Indian School of Business (ISB) has launched a new startup accelerator program called ‘Build for Billions’, in collaboration with the Reserve Bank Innovation Hub (RBIH) and Union Bank of India (UBI). The program aims to bridge the gap between financial services and the informal economy, which comprises gig workers, migrant workers, domestic […]
Indian Overseas Bank and IREDA Collaborate for Co-Lending in Renewable Energy Projects
Indian Renewable Energy Development Agency Ltd. (IREDA) and Indian Overseas Bank (IOB) have signed a Memorandum of Understanding (MoU) to co-finance renewable energy projects across the country. The MoU was signed on 16th January, 2024, at IREDA’s Business Centre in New Delhi. Co-lending and co-origination support The MoU includes provisions for co-lending and co-origination support […]
Byju’s Pursues Arbitration in Dispute with BCCI
Byju’s, the leading edtech startup in India, has filed an application to refer its dispute with the Board of Control for Cricket in India (BCCI) to an arbitrator, according to lawyers representing the company at the National Company Law Tribunal (NCLT). The company has also filed objections to the insolvency petition filed by BCCI, which […]
First Homes for the Differently Abled in India Launched by Paranjape Schemes
Paranjape Schemes, a leading real estate developer in Maharashtra, has officially launched India’s first homes for differently-abled individuals through the ‘Special Projects Division’ named ‘Swaniketan’. The project is located in Bhugaon, Pune, within the Forest Trails Township, and aims to provide a safe, comfortable and dignified living environment for individuals with Autism Spectrum Disorder, Intellectual […]
Sugarcane MSP Hiked by ₹20 per Quintal in Uttar Pradesh by Yogi Adityanath’s Government
The Yogi Adityanath government in Uttar Pradesh has announced a hike in the minimum support price (MSP) for sugarcane by ₹20 per quintal for all three categories of the crop for the 2023-24 season. The decision was taken at the state cabinet meeting on Thursday, January 18, in Lucknow. The new MSP will benefit around […]