IEPFA and DBS Bank: MoU against Investment Fraud
Investment fraud is a serious threat to the financial well-being of millions of investors in India. To combat this menace, the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs (MCA) has joined hands with DBS Bank, a leading financial institution in Asia and Southeast Asia, to spread awareness on investment […]
Mehul Choksi’s Gitanjali Gems liquidation: NCLT
The National Company Law Tribunal (NCLT) has ordered the liquidation of Gitanjali Gems, a jewellery retailer promoted by absconding diamantaire Mehul Choksi, under Section 33 of the Insolvency and Bankruptcy Code, 2016 (IBC, 2016). The order was pronounced on February 7, 2024, by a division bench consisting of Judicial Member Kuldip Kumar Kareer and Technical […]
UIDAI Confirms: No Aadhaar Number Cancelled
UIDAI, the Unique Identification Authority of India, has issued a clarification that no Aadhaar number has been cancelled and that it is updating the Aadhaar database to maintain its accuracy. The statement comes amid allegations by West Bengal Chief Minister Mamata Banerjee that the BJP-led central government has deactivated Aadhaar cards of people in the […]
TN-SHORE : Blue Economy and Coastal Restoration
Tamil Nadu is one of the coastal states of India, with a coastline of 1,076 km, spanning 14 districts. The state has rich and diverse coastal ecosystems, such as mangroves, coral reefs, salt marshes, beaches and islands, that provide various ecosystem services and support the livelihoods of millions of people. However, these ecosystems are under […]
C&D Waste Disposal: Govt’s Comprehensive Guidelines Released
The government of India has released comprehensive guidelines for effective disposal of construction and demolition (C&D) waste in the country. The guidelines were announced at the National Workshop on “Recent Development with recycling and use of C&D waste in construction sector” held on 19th February 2024. The workshop was inaugurated by Shri Hardeep Singh Puri, […]
NITI Aayog Proposes Tax Reforms, Savings, Elderly Housing
NITI Aayog, the government think tank, has proposed a series of reforms to enhance the quality of life and well-being of the elderly population in India, which is projected to reach 19.5 per cent of the country’s population by 2050. In a report titled ‘Senior Care Reforms in India – Reimagining the Senior Care Paradigm’, […]
Department of Fisheries Signs Agreement with ONDC
The Department of Fisheries (DoF) has signed a Memorandum of Understanding (MoU) with the Open Network for Digital Commerce (ONDC) to provide a digital platform for buying and selling fish and fish products through e-marketplace. The MoU was signed in the presence of Union Minister of Fisheries, Animal Husbandry and Dairying Shri Parshottam Rupala, Minister […]
Xiaomi Premium Journey Will Persist: Muralikrishnan B
Xiaomi, the Chinese tech giant, has been a dominant player in the Indian smartphone market for many years. However, in recent times, the company has faced stiff competition from rivals like Samsung, Vivo and OnePlus, especially in the mid-range and premium segments. To regain its lost market share and customer preference, Xiaomi has embarked on […]
Paytm and Axis Bank to UPI Third-Party Route
Paytm and Axis Bank Partnership Paytm, India’s leading digital payments platform, and Axis Bank, one of the largest private sector banks in the country, are set to apply this week for the third-party application provider (TPAP) route for Unified Payments Interface (UPI), according to a report by Moneycontrol. The joint application will be submitted to […]
Rubber Import Duty Remains Unchanged, Confirms Official
The government has confirmed that the import duty on rubber will remain unchanged at 10%, despite the requests of the domestic rubber industry to increase it to 25%. The industry had sought a higher duty to protect itself from cheap imports, especially from China and Vietnam, which have been flooding the Indian market. Reasons for […]