TDS Not Applicable for Certain IFSC Unit Payments
The Indian government has announced a major relief for the units of 14 service sectors in the International Financial Services Centre (IFSC) by exempting certain payments made to them from TDS (Tax Deducted at Source) provisions, effective from April 1, 2024. This move aims to reduce the tax compliance burden and to promote IFSC as […]
Cabinet Approves 4% DA Hike; ₹12,900 Cr Outgo
The Union Cabinet has approved a 4% hike in dearness allowance (DA) for central government employees and pensioners, effective from January 1, 2024. The move will boost the income and spending of over 10 million beneficiaries and stimulate the economy. The Union Cabinet on Thursday approved the release of an additional instalment of dearness allowance […]
Spectrum Auction Set to Begin from May 20
The Department of Telecom (DoT) has announced that it will hold spectrum auctions for IMT/5G telecom services starting from May 20, 2024. The auction will include all the available spectrum in various bands, ranging from 600 MHz to 26 GHz. The spectrum allotted through this auction can be used for 5G or any other technology […]
PM Modi Announces Rs 100 Cut in LPG Cylinder Prices
Prime Minister Narendra Modi on Friday announced a cut of Rs 100 per cylinder in cooking gas LPG price on the occasion of the International Women’s Day. The price reduction, which comes just days before the likely announcement of the 2024 Lok Sabha polls, is set to benefit nearly 33 crore domestic consumers of liquefied […]
Record 40 Million Farmers Enrolled Under PMFBY
Pradhan Mantri Fasal Bima Yojana (PMFBY), the flagship crop insurance scheme of the Union Government, has registered a record enrollment of 40 million farmers in the Kharif season of 2021. This is an increase of 36% from the previous year, when 29.4 million farmers were enrolled under the scheme. The total area insured under PMFBY […]
Govt raises Raw Jute MSP by Rs 285 for FY25
The Cabinet Committee on Economic Affairs (CCEA) has approved a hike in the minimum support price (MSP) of raw jute by Rs 285 to Rs 5,335 per quintal for the 2024-25 season. The decision is expected to benefit farmers in eastern states, especially West Bengal, where jute cultivation is predominant. The new MSP is 65 […]
Defence Tech Startups Get Rs 750 Cr ADITI Scheme
The Indian government has launched a new scheme to support and promote innovations in critical and strategic defence technologies by startups. The scheme, called Acing Development of Innovative Technologies with iDEX (ADITI), aims to provide grants worth up to Rs 25 crore for research, development, and innovation in defence technology. What is ADITI scheme? ADITI […]
Flipkart Expands Same-Day Delivery in 20 Cities
Flipkart, India’s leading e-commerce platform, has announced that it will soon offer same-day delivery service in 20 cities across the country. The service will start rolling out in February and will cover a wide range of products, including mobiles, fashion, beauty, lifestyle, books, home appliances and electronics. The same-day delivery service will be available in […]
Bajaj Allianz AI Bot ‘Insurance Samjho’ Simplifies Insurance
Insurance is a complex subject that often confuses customers with its jargon and fine print. Many policyholders are not aware of the details of their coverage, exclusions, and procedures, which can lead to dissatisfaction and disputes during claim settlement. To address this challenge, Bajaj Allianz General Insurance has launched a Gen AI-powered bot called ‘Insurance […]
NITI Aayog Digital Platform Launched by Vaishnaw
Union Minister of Communications, Railways, and Electronics & Information Technology Ashwini Vaishnaw launched NITI Aayog’s digital platform ‘NITI For States’ on March 7, 2024. The platform is a cross-sectoral knowledge platform designed to become a Digital Public Infrastructure (DPI) for Policy and Good Governance. It aims to facilitate the digital transformation of governance by equipping […]