Rodtep Reimbursements: Govt’s Documentation Strategy
The RoDTEP (Remission of Duties and Taxes on Export Products) scheme is a new initiative by the Indian government to boost exports and make them more competitive in the global market. The scheme aims to refund the embedded taxes and duties that were previously non-recoverable by the exporters. The scheme covers all sectors, including textiles, […]
Razorpay POS: Instant Refunds for Failed UPI Transactions
Razorpay POS, India’s leading omnichannel payments and banking platform for businesses, has launched a revolutionary feature that will enhance the in-store payment experience for customers and merchants alike. The feature, called instant refunds, will allow customers to receive refunds for failed UPI transactions within 2 minutes, instead of the industry standard of 5 to 6 […]
IFSC’s Expanded Financial Services: A Government Initiative
The government of India has recently widened the ambit of financial services that can be undertaken at the International Financial Services Centre (IFSC) by incorporating services such as book-keeping, accounting, taxation, and financial crime compliance. As per a gazette notification issued by the Ministry of Finance on January 18, 2024, these services are now part […]
Ayodhya’s $10B Revamp: A Boost for Indian Tourism
Ayodhya, an ancient city in Uttar Pradesh, is revered by millions of Hindus as the birthplace of Lord Ram, the hero of the epic Ramayana. For decades, the city has been at the center of a religious dispute over the site where a 16th-century mosque once stood, which many Hindus believe was built over an […]
Tata Motors Hikes Prices, EVs Gain Momentum
Tata Motors, one of India’s leading automobile manufacturers, has announced that it will hike the prices of its passenger vehicles, including electric vehicles (EVs), by 0.7 percent from February 1, 2024. The price hike is aimed at partially offsetting the rise in input costs faced by the company. The price increase will affect popular Tata […]
India’s Coal Power Up by 10.13%, Aims for Self-Reliance
India has witnessed a remarkable growth in coal-based power generation, which accounts for more than 70% of the total power supply in the country. The domestic coal production has also increased, reducing the dependence on imported coal and saving foreign reserves. Growth in coal-based power generation and production Coal is the major source of power […]
Gen Z Students Prefer Technology Industry: Report
The technology industry in India is attracting the attention of Gen Z students, who constitute the future workforce of the country. According to a report by Nasscom-Indeed, 77% of Gen Z students have shown interest in joining the tech sector, which offers them learning and growth opportunities, as well as culture and ethics. Millennials and […]
Startups Lead in Gig Worker Recruitment: Nasscom-Indeed
The gig economy is transforming the traditional job market and creating new opportunities for both employers and workers. According to a survey by Nasscom, Indeed and AON, 84% of organizations in India are exploring or open to gig models, with startups and the BPM sector leading in gig worker hiring. What is the gig economy? […]
BharatGPT: The Latest GenAI Service by CoRover.ai
BharatGPT is a revolutionary innovation by CoRover.ai, the world’s first human-centric conversational AI platform. It is India’s answer to existing Generative AI/Large Language Models, with generative text, voice and video capabilities in 14+ Indian languages. BharatGPT aims to transform the virtual assistant creation process from days to just few minutes, by allowing users to create […]
India-EU Trade Deal Nears Completion After 16 Years
India and the European Union (EU) are on the verge of concluding a trade agreement that will boost their economic ties and create new opportunities for businesses and consumers. The deal, which has been under negotiation since 2007, covers a wide range of areas, such as tariffs, services, investment protection, geographical indications, and trade and […]