UPI and AANI Interlinked through India-UAE MoU
India and UAE have signed a memorandum of understanding (MoU) to interlink their instant payment platforms – UPI and AANI. This will enable seamless cross-border transactions between the two countries. What are UPI and AANI? UPI, or Unified Payments Interface, is a real-time payment system developed by the National Payments Corporation of India (NPCI) that […]
Reliance Industries Hits Rs 20 Lakh Cr Market Cap
Reliance Industries Ltd (RIL), the oil-to-telecom conglomerate led by billionaire Mukesh Ambani, has achieved a historic milestone by becoming the first Indian listed company to cross the Rs 20 lakh crore market capitalisation mark on Tuesday. The stock of RIL surged 1.88 per cent to hit a record high of Rs 2,918 on NSE and […]
Bharat Electronics Secures ₹2,167 Cr Navy Order
Bharat Electronics Ltd. (BEL), a Navaratna company, has clinched a significant order valued at ₹2,167 crore from the Indian Navy for the supply of an advanced electronic warfare suite designed for deployment on-board warships. The contract was signed on February 13, 2024, according to a regulatory filing by the company. What is the electronic warfare […]
BIT Signed to Enhance India-UAE Investments
India and the United Arab Emirates (UAE) have signed a Bilateral Investment Treaty (BIT) on February 13, 2024, to further promote and protect investments between the two countries. The treaty was witnessed by Prime Minister Narendra Modi and UAE’s President Sheikh Mohamed bin Zayed Al Nahyan. What is a BIT? A BIT is an agreement […]
e-Jagriti Portal Integrates AI for Efficiency
The Department of Consumer Affairs, Government of India, has launched a modernized version of the CONFONET software, called e-Jagriti portal, to provide speedy, inexpensive and easy redressal to consumer complaints . e-Jagriti portal is a single platform that integrates various consumer grievance platforms, such as Online Case Monitoring System (OCMS), E-Daakhil, NCDRC Case Monitoring System, […]
SUFALAM: A New Era for Food Processing Start-Ups
SUFALAM is a two-day event that aims to foster collaboration, innovation, and growth in the food processing sector. Organized by the Ministry of Food Processing Industries (MoFPI) and the National Institute of Food Technology Entrepreneurship and Management-K (NIFTEM-K), the event brings together over 250 industry stakeholders, startups, MSMEs, financial institutions, venture capitalists, and academia. What […]
Surya Ghar Muft Bijli Yojana: PM’s Latest Announcement
Prime Minister Narendra Modi has announced a new initiative to promote sustainable development and enhance people’s welfare. The scheme, named Surya Ghar Muft Bijli Yojana, aims to provide up to 300 units of free electricity every month to 1 crore households by installing rooftop solar systems. What is Surya Ghar Muft Bijli Yojana? Surya Ghar […]
Anti-Profiteering Provision of CGST Act Under SC Review
The Supreme Court has issued a notice to the Centre and the National Anti-Profiteering Authority on the constitutional validity of the anti-profiteering provision of the CGST Act. The provision requires companies to pass on the benefits of GST rate reduction or input tax credit to consumers by lowering the prices of goods and services. The […]
Paytm: OCL Investment Pending Govt Approval
Paytm, India’s leading fintech company, is facing a regulatory hurdle in its payment aggregator business. The company’s parent entity, One97 Communications Ltd (OCL), has not received the government’s approval for a downstream investment in its subsidiary, Paytm Payment Services Ltd (PPSL), which operates as a payment aggregator under the RBI guidelines. Paytm OCL investment: The […]
GROW Report and Portal: NITI Aayog New Launch
NITI Aayog, the policy think tank of the Government of India, has launched a new report and portal on Greening and Restoration of Wasteland with Agroforestry (GROW) on 12 February 2024. The report and portal aim to provide state-wise and district-wise analysis of agroforestry suitability across India, using remote sensing and GIS technologies. The report […]