“The New Indian Dream: Success Stories of Returning Entrepreneurs Transforming India’s Landscap”
India’s startup ecosystem has experienced rapid growth in recent years. From just 452 startups in 2016, the number has skyrocketed to 84,012 by 2022. These startups, recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), have created over 9 lakh direct jobs, marking a 64% increase in 2022. India is now the third-largest startup hub globally, following the United States and China.
“Jal Jeevan Mission: A Revolution in Rural Water Supply in India”
Since January 2023, an average of 87,500 tap connections per day have been established. Uttar Pradesh leads in the current fiscal year with over 61 lakh new Functional Household Tap Connections. This pace of development illustrates the mission’s commitment to rapid progress.
“Navigating RBI’s New Consumer Loan Regulations: Impact on Indian Economy and Borrowers”
The RBI has raised the risk weight for consumer credit exposure for banks and NBFCs by 25 percentage points, now standing at 125% for retail loans. This increase means that banks and NBFCs will need to allocate more capital against these loans, making them costlier to offer.
“The Inside Story of 11.5 Crore PAN Cards’ Deactivation: Causes and Consequences”
As of June 30, 2023, an astonishing 11.5 crore Permanent Account Number (PAN) cards were deactivated. This number comprises roughly 16% of all PAN cards in India, a not insignificant portion by any measure.
“India’s Leap Forward in IT: Analyzing the Impact of the Hardware PLI Initiative”
27 companies, including tech giants like Dell, Foxconn, Lenovo, and HP, under the new Production-Linked Incentive (PLI) Scheme for IT hardware marks a significant stride towards enhancing domestic manufacturing and reducing dependency on imports.
The Success of India’s 21st E-Auction Under the Open Market Sale Scheme
21st e-auction under the Open Market Sale Scheme (OMSS) for domestic markets. Conducted on November 15, 2023, this event marks a crucial step in ensuring the availability and affordability of essential food commodities like wheat and rice for Indian consumers.
Government exempts LPG imports from agri cess
exemption of LPG, liquified propane, and liquified butane imports from the 15% Agriculture Infrastructure Development Cess (AIDC) effective September 1, 2023, is a significant economic policy decision
India and Bangladesh Discuss Preparations for Free Trade Agreement Talks
India and Bangladesh have recently engaged in discussions to lay the groundwork for initiating talks regarding a Free Trade Agreement (FTA). This move is seen as a significant step towards strengthening economic ties between the two neighboring countries.
India’s E-Commerce Exports Set to Soar to $400 Billion by 2030
The future of India’s e-commerce export industry appears promising. To achieve the ambitious $400 billion target by 2030, India is undergoing significant policy reforms and infrastructural improvements, aiming to become a formidable player in the global e-commerce market.
E-Commerce and FDI: DGFT’s Vision for Inventory-Based Exports
The Director General of Foreign Trade (DGFT), Santosh Kumar Sarangi, has been advocating for the allowance of FDI in the inventory-based model, specifically for e-commerce exports.