UDAN Scheme’s Budgetary Wingspan: MoCA’s Vision for Enhanced Regional Flights
The Ministry of Civil Aviation has sought a budgetary allocation of Rs 1,500 crore for the UDAN scheme in FY25. This figure represents a 25% increase from the previous year’s allocation.
Agricultural Milestone: India Announces Record Wheat MSP Increase for 2024-25
The MSP for wheat has been raised by ₹150, from ₹2,125 per quintal in the 2023-24 season to ₹2,275 per quintal for the 2024-25 season.
India’s EV Policy: No Special Treatment for Tesla, Emphasizing Fair Competition
In 2021, Tesla, the U.S.-based electric car maker, requested the Indian government for a reduction in import duties on EVs. Tesla proposed standardizing the tariff on electric cars to 40% irrespective of their customs value.
Private Sector and Public Transport: A Game Changer for Namo Bharat RRTS
The involvement of the private sector in the operation and maintenance of the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) corridor, known as ‘Namo Bharat’, is a significant development in India’s public transport sector.
Navigating the Digital Marketplace: The Impact of ‘Vyapar Aapke Dwar’ on Indian Commerce
The Confederation of All India Traders (CAIT) in association with META (owner of Facebook, Instagram, and WhatsApp) launched the ‘Vyapar Aapke Dwar’ campaign.
GST Notice Shocks Banks: Maharashtra’s Move on FPI Custodial Services
Banks offering these custodial services to FPIs, which number over 11,000 in India, are potentially facing a significant tax burden. The financial impact could amount to a few hundred crores in taxes on the fees earned from these services, along with applicable penalties.
Secure Skies: PFRDA’s Regulatory Framework for Cloud Services
The assets under management of the National Pension System and Atal Pension Yojana have been growing steadily, indicating the expanding scope of these services. As of October 28, the assets under management reached ₹10.23 lakh crore, growing at a rate of 25% year-on-year.
India’s Green Shift: The Exponential Growth of Li-Ion Battery Recycling by 2031
India’s lithium-ion (Li-ion) battery market is witnessing a remarkable growth trajectory, set to expand exponentially by 2031. In 2022, the market generated approximately $4.29 billion in revenue and is projected to reach around $25.30 billion by 2031, growing at a compound annual growth rate (CAGR) of 22.1%.
Jet Fuel Prices Drop as India Cuts Windfall Tax: An Overview
The windfall gains tax on crude oil has been reduced from ₹6,300 per tonne to ₹5,000 per tonne.
The Great Pivot: Wealth Funds Move from China to India
The survey, encompassing 100 funds managing a combined $26 trillion in assets, revealed that nearly 40% of investors found India to be the most attractive emerging market, overshadowing China, which was chosen by less than a quarter of the investors.