FSSAI Certifies Nearly 100 Jails as ‘Eat Right Campus’
In a significant victory for public health, the Food Safety and Standards Authority of India (FSSAI) has certified nearly 100 jails across the country as “Eat Right Campuses” by March 2024. This initiative impacts over 1.2 million people, including inmates and prison staff. It’s a major step forward for the Eat Right India movement, promoting […]
Muthoot Microfin Ventures into Telangana Market
Muthoot Microfin, a major player in India’s microfinance sector with over ₹9,209 crore in Assets Under Management (AUM) reported in FY23, announced its re-entry into the Telangana market after a 13-year hiatus. This strategic expansion is projected to significantly boost the company’s growth. Analysts predict a potential increase of over 35% in AUM to ₹12,500 […]
RailTel Secures ₹130 Cr Bihar Education Project Council Order
RailTel Corporation Limited, a public sector undertaking under the Ministry of Railways, has secured a significant order worth ₹130 crore from the State Project Director (SPD) of the Bihar Education Project Council (BEPC). Project Details This project focuses on the empanelment of an agency for supplying teaching and learning materials for classes 1 to 5 […]
RBI Increases Retail Loan Scrutiny, Eyes Top-Up Home Loans
India’s central bank, the Reserve Bank of India (RBI), is signaling a shift in its stance on retail lending. According to a report by a leading credit rating agency, retail loan disbursements in India surged by a whopping 18% year-on-year in the first half of 2023, reaching a staggering ₹ 15 lakh crore. This rapid […]
Max India Antara, IIT Delhi Collaborate for Senior Citizen Care
India’s demographic is rapidly shifting, with the elderly population projected to reach a staggering 300 million by 2050. This necessitates innovative solutions to address the challenges faced by senior citizens, particularly concerning assisted living and healthcare. Recognizing this critical need, Max India’s subsidiary, Antara Assisted Living, has joined forces with the prestigious Indian Institute of […]
EV Policy Extended: Delhi Cabinet Approves Till June
The fight for cleaner air in Delhi gets a shot in the arm with the Delhi Cabinet’s approval to extend the Electric Vehicle (EV) Policy until June 30, 2024. This decision comes as a welcome relief for potential EV buyers, as it ensures the continuation of existing incentives and subsidies that make electric vehicles a […]
T+0 Settlement Beta: SEBI Begins Trading with 25 Scrips
The Indian stock market is set for a potential shakeup with the introduction of T+0 settlement beta. Announced by the Securities and Exchange Board of India (SEBI) in March 2024, this program marks a significant shift from the existing T+1 settlement cycle, where trades settle one business day after execution. T+0 Explained: Same-Day Settlement Under […]
Govt’s E-Vehicle Policy: Minimum $500M Investment Decided
India’s electric vehicle (EV) dream charges forward with the government’s recently unveiled policy. This strategic initiative aims to propel the nation into the fast lane of global EV manufacturing by attracting established industry giants. A Selective Invitation: High Investment Bar A central pillar of the policy is the significant minimum investment requirement of $500 million […]
PM-Surya Ghar Muft Bijli Yojana: 1 Cr+ Households Sign Up
India’s flagship rooftop solar program, PM-Surya Ghar Muft Bijli Yojana, has sparked a remarkable response in its initial launch phase. By March 2024, a staggering number – over 1 crore households – have registered for the scheme, surpassing expectations and reflecting the growing public appetite for renewable energy solutions. High Registration Numbers: A Sign of […]
IIT Roorkee, Ministry of Heavy Industries Partner in Auto, EV Sector
India’s electric vehicle (EV) sector is poised for a significant leap forward, fueled by a collaborative effort backed by a substantial financial investment. The Ministry of Heavy Industries (MHI) and IIT Roorkee have joined forces, signing a Memorandum of Understanding (MoU) to establish a Centre of Excellence (CoE) and an Industry Accelerator at the esteemed […]