Centre Extends Apparel Export Incentive Scheme to 2026
The Indian government has approved the extension of the RoSCTL scheme for apparel and made-ups sectors till March 2026. The scheme aims to boost the export competitiveness of these sectors by refunding the taxes and levies incurred in the production and distribution process. What is RoSCTL? RoSCTL stands for Rebate of State and Central Taxes […]
Hapag-Lloyd, TN Govt Join Hands for Logistics Infrastructure
Hapag-Lloyd, a German shipping and container transportation major, has signed a MoU with the Tamil Nadu government to invest ₹2,500 crore for various projects in Thoothukudi and other areas. The MoU was exchanged in Spain, in the presence of CM M.K. Stalin and Industries Minister T.R.B. Raaja, according to a press release. The projects are […]
Lakhpati Didi Scheme: Target Raised to 3 Cr from 2 Cr
The ‘Lakhpati Didi’ scheme, which aims to provide skill development training to rural women and help them earn at least one lakh rupees a year, has received a boost in the interim budget presented by Finance Minister Nirmala Sitharaman on Thursday. The minister announced that the target of the scheme has been enhanced from 2 […]
Cabinet’s Approval for India-UAE Bilateral Investment Treaty
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today has given its approval for signing and ratification of Bilateral Investment Treaty between the Government of the Republic of India and the Government of the United Arab Emirates . Benefits of the treaty The Treaty is expected to improve the confidence of the […]
Sitharaman: Govt Plans to Raise ₹14.13 Lakh Cr from Market
Finance Minister Nirmala Sitharaman presented the interim Budget 2024-25 in Parliament on Thursday, highlighting the achievements of the Modi government and its plans for future growth. She said the Indian economy witnessed a profound positive transformation in the last 10 years, overcoming the challenges of Covid-19 and creating foundations for a self-reliant nation. She also […]
“Boosting ‘Nari-Shakti’: Sitharaman’s New Measures Announced
Finance Minister Nirmala Sitharaman presented her sixth and final budget for the fiscal year 2024-25 on February 1, 2024. In her budget speech, she highlighted the achievements of the Modi government in empowering women and announced new measures to boost ‘nari-shakti’ (women power) in various sectors. Sitharaman said that the government has taken several steps […]
TCS Ties Promotions to ‘Return to Office’ Mandate
Tata Consultancy Services (TCS), India’s largest IT services company, has announced that it will link promotions, hikes, and variable payouts to complying with its recent return-to-office policy. This means that employees who work from the office regularly will have a better chance of getting higher grades, salaries, and bonuses than those who work from home. […]
Ayushman Bharat to Cover ASHA, Anganwadi Workers: FM
In a major announcement in the interim budget 2024, Finance Minister Nirmala Sitharaman said that the Ayushman Bharat scheme, which provides health insurance to the poor and vulnerable, will be extended to all ASHA and Anganwadi workers and helpers. This will benefit about 30 lakh frontline health workers who are involved in delivering essential services […]
FM Sitharaman Announces New Housing Scheme for Middle Class
Finance Minister Nirmala Sitharaman announced a new housing scheme for the middle class in the Interim Budget 2024. The scheme will offer affordable rental houses to urban poor and migrant workers under the Pradhan Mantri Awas Yojana (PMAY) scheme. The announcement comes ahead of the General Elections 2024, which are expected to be held in […]
CESTAT Dismisses ₹387 Cr Demand: A Relief for SBI Life
SBI Life Insurance, one of the leading life insurers in India, has got a relief from the Customs Excise & Service Tax Appellate Tribunal (CESTAT) in a tax dispute case involving ₹387 crore. The Mumbai Bench of CESTAT has set aside the revenue department’s demand of ₹387 crore from SBI Life Insurance for alleged service […]