Cognizant First Odisha Office Opened by Patnaik
Odisha, a state in eastern India, has been witnessing a surge of investment, talent and innovation in the IT sector. On Sunday, February 11, 2024, the state added another feather to its cap when Chief Minister Naveen Patnaik inaugurated the first facility of Cognizant, one of the world’s leading IT and consulting companies, in Bhubaneswar. […]
Paytm E-commerce rebrands as Pai Platforms
Paytm E-commerce, one of the leading players in the digital commerce space, has rebranded itself as Pai Platforms. The company has also acquired Bitsila, a seller platform on ONDC, to strengthen its omnichannel and hyperlocal commerce capabilities. Pai Platforms: A New Identity for Paytm E-commerce Paytm E-commerce, which was backed by Paytm Founder and CEO […]
EPFO Raises Interest Rate to 8.25% for 2023-24
The Employees’ Provident Fund Organisation (EPFO) has announced a three-year high interest rate of 8.25% on employees’ provident fund (EPF) deposits for the fiscal year 2023-24. This is a welcome news for over 60 million EPF subscribers who will benefit from higher returns on their savings. What is EPF and why is it important? EPF […]
Paytm Under Lens: India Probes Chinese FDI Flow
Paytm, India’s leading digital payments platform, is facing scrutiny from the government over its foreign direct investment (FDI) from China. According to sources, the government is examining the FDI from China in Paytm Payments Services Ltd (PPSL), the payment aggregator subsidiary of One97 Communications Ltd (OCL), which owns Paytm . Paytm and Press Note 3 […]
UPI Goes Global! Sri Lanka & Mauritius Join Digital Payment Wave
India’s Unified Payment Interface (UPI) services will be launched in Sri Lanka and Mauritius on Monday, February 12, 2024, in a virtual ceremony that will be attended by Prime Minister Narendra Modi, Sri Lankan President Ranil Wickremesinghe and Mauritian Prime Minister Pravind Jugnauth. The event will also mark the launch of RuPay card services in […]
ESIC Expands Healthcare: Superannuated Members Now Eligible
What is the ESIC Scheme? The Employees’ State Insurance Corporation (ESIC) is a statutory body that provides social security and health insurance to workers in India. The ESIC scheme covers workers earning up to Rs 30,000 per month and provides them with medical care, cash benefits, maternity benefits, disability benefits and pension benefits. Who are […]
Road Projects Streamlined: Deemed Approval Speeds Up DPR Process
The Ministry of Road Transport and Highways (MoRTH) has taken a major step to streamline the process of preparing Detailed Project Reports (DPR) for highway projects in the country. The ministry has issued a circular on 9 February 2024, stating that DPRs submitted by consultants will be deemed to be approved if no comments or […]
Fertilizer Subsidy Surge: Govt Spends ₹1.71 Trillion
The government has spent nearly ₹1.71 trillion on fertilizer subsidy in the first ten months of the current fiscal year, according to the minister of state for fertiliser Bhagwanth Khuba. This is 91% of the revised estimate of ₹1.88 trillion for 2023-24, which is down 25% from a record of ₹2.51 trillion in FY23 due […]
JSW Sparks ₹40,000 Crore EV Engine in Odisha
JSW Group, one of India’s leading conglomerates, has announced its entry into the electric vehicle (EV) sector with a massive investment of Rs 40,000 crore in Odisha. The group has signed a memorandum of understanding (MoU) with the Odisha government to set up an integrated EV and EV battery manufacturing project at Cuttack and Paradip. […]
Spectrum Sale ,Govt Clears Rs 96K Crore
The government has approved the sale of spectrum across eight frequencies with a reserve price of Rs 96,318 crore, aiming to enhance consumer mobile services and facilitate 5G expansion in the country. The cabinet also decided to allot spectrum for safety of railway and metro passengers, apart from re-farming of the airwaves for better utilisation […]