Startup Engine: Each Indian Startup Creates 11 Jobs on Average, Review Shows
India’s startup ecosystem has made significant strides, as evidenced by recent data highlighting the creation of an average of 11 jobs per startup. This is part of a broader narrative of economic growth and job creation catalyzed by the startup sector in the country. Investments and Job Creation Fund of Funds for Startups (FFS) Scheme: […]
Ayodhya’s Awakening: Temple Inauguration to Fuel Rs 50,000 Crore Business Bonanza
In a remarkable fusion of spirituality and commerce, the consecration of the Ram Temple in Ayodhya, scheduled from January 21 to 23, 2024, is poised to not only mark a historic religious event but also catalyze a significant economic upsurge. The event is anticipated to generate a staggering Rs 50,000 crore in trade, as per […]
ZestMoney: End of the Road – A Look into Its Impending Shutdown and Acquisition Buzz
ZestMoney, an influential player in India’s fintech sector since its inception in January 2016, is set to shut down its operations by the end of December 2023. The company, once a prominent name in the ‘buy now, pay later’ (BNPL) space, faced a series of challenges leading to this decision. One of the primary factors […]
Indian Government Boosts Interest Rates on Key Savings Schemes Ahead of 2024
In a recent move by the Indian government, a hike in interest rates on two key small savings schemes was announced, signaling a continued trend of incremental increases in savings interest rates. This decision, taken as the nation heads towards the year 2024, marks the sixth consecutive quarterly increase since the latter part of 2022. […]
Funding Freeze: Indian Startups Face 73% Plunge, Knocked Down to 5th Globally
In 2023, India’s tech startup ecosystem faced a significant downturn, marking the lowest level of funding in the last five years. A report by Tracxn revealed a 72% decrease in funding, totaling $7 billion, down from $25 billion in 2022. This decline has led to India dropping from 4th to 5th place in global funding […]
Beyond Roti: PLI Attracts 30 Companies to Innovate with Millet-Based Products
India has witnessed a significant development in the food processing industry with around 30 companies, including 22 micro, small, and medium enterprises (MSMEs), actively participating in the Production-Linked Incentive (PLI) scheme for manufacturing millet-based products. This initiative is spearheaded by the Ministry of Food Processing Industries. The PLI for Millet Based Products (PLISMBP) scheme, approved […]
Fueling Efficiency: Government Cracks Down on Pipeline Expenses with Gati Shakti
In a significant development, the Ministry of Petroleum and Natural Gas in India is set to substantially reduce expenditure on gas pipeline construction by leveraging the PM Gati Shakti National Master Plan (PMGS-NMP). This initiative represents a transformative approach to integrated and holistic planning across various ministries, aiming to improve multimodal connectivity, logistics efficiency, and […]
A Thank You from FM: Kotak’s Plan Sparks Debate on India’s Economic Trajectory
Veteran banker Uday Kotak, Founder and Director of Kotak Mahindra Bank, has ignited the national imagination with a bold proposal: propelling India’s GDP to a staggering $30 trillion by 2047, coinciding with the centenary of its independence. This ambitious vision, outlined in a recent social media post, has garnered considerable attention and even a warm […]
Boom in Mineral Block Auctions: Government Records 76 Deals This Year
In a significant development in the mineral sector, the Indian government announced that a total of 76 mineral blocks have been auctioned in the year 2023. This count includes 30 mineral blocks that were specifically auctioned for mining leases, while the remaining 46 blocks were sold as composite licenses. A mining lease is a type […]
ABRY Triumphs: Over 7.5 Million Jobs Created, Exceeding Targets
In an impressive milestone for India’s employment sector, the Aatmanirbhar Bharat Rozgar Yojana (ABRY) has surpassed its employment generation target, marking a significant success in fostering job creation and aiding recovery during the COVID-19 pandemic. Launched on October 1, 2020, the ABRY was strategically designed to spur new job opportunities by providing financial support to […]