CCI Updates Rules for Mergers and Acquisitions
Mergers and acquisitions (M&A) are an important mode of business expansion and consolidation in a dynamic and competitive market. However, they also pose potential risks to competition and consumer welfare, as they may result in the creation or strengthening of dominant market positions, abuse of market power, or coordination among competitors. To safeguard against these […]
India-EFTA Seal Trade Deal; Aim for $100B Investment
India and the European Free Trade Association (EFTA), comprising Iceland, Liechtenstein, Norway, and Switzerland, have signed a Trade and Economic Partnership Agreement (TEPA) on March 10, 2024. The agreement is expected to enhance bilateral trade and investment between the two sides in various sectors, such as pharmaceuticals, medical devices, food processing, banking, digital trade, and […]
PFRDA Launches App to Enhance NPS, Inclusion
The Pension Fund Regulatory and Development Authority (PFRDA) has launched a web application to provide easy access to the National Pension System (NPS) for subscribers. The app, developed by Zerodha Broking Limited, is aimed at widening financial inclusion and boosting NPS. What is NPS? NPS is a voluntary, defined contribution retirement savings scheme that allows […]
CBIC Circular Promotes Women in Trade Sector
The Central Board of Indirect Taxes and Customs (CBIC) has issued two circulars on International Women’s Day to promote women participation in international trade and to provide gender-specific infrastructure facilities at the logistics hubs. The circulars aim to foster a gender-inclusive trade environment that empowers women to contribute meaningfully to the global economy. They also […]
Arjun Munda Inaugurates Digital Center for Farmers
Union Minister of Agriculture and Farmers’ Welfare, Arjun Munda, inaugurated the Agriculture Integrated Command and Control Center (AICCC) at the Krishi Bhawan in New Delhi on March 8, 2024. The digital center aims to empower the farmers of the country by equipping them with information, services, and facilities using digital technology. The AICCC will showcase […]
CBDT Alerts Taxpayers on Advance Tax Mismatch
The Central Board of Direct Taxes (CBDT) has started an e-campaign to notify taxpayers whose taxes paid during the current fiscal year do not match their financial transactions. The campaign aims to increase transparency and promote voluntary tax compliance. What is advance tax mismatch? Advance tax is a system of paying taxes in instalments during […]
T-Hub and DST Introduce MATH Hub
T-Hub, India’s leading innovation ecosystem, has partnered with the Department of Science and Technology (DST), Government of India, to launch the Machine Learning and Artificial Intelligence Technology Hub (MATH) in Hyderabad. MATH is a Centre of Excellence (CoE) that aims to nurture startups, create jobs, and foster a supportive ecosystem for AI and ML technologies […]
RBI and Bank Indonesia: MoU for Local Currency Use
The Reserve Bank of India (RBI) and the Bank Indonesia (BI) have signed a Memorandum of Understanding (MoU) to promote the use of local currencies for bilateral transactions. The MoU was signed by RBI Governor Shaktikanta Das and BI Governor Perry Warjiyo in Mumbai on March 7, 2024. Benefits of local currency use The MoU […]
Infibeam Avenues: New Holder of RBI Payment Aggregator License
Infibeam Avenues, India’s first listed AI-powered fintech company, has received the final authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator for its payment gateway brand, CCAvenue. The company announced in a press release that it received the final authorisation on March 4, 2024, following the in-principle approval granted in […]
CEO Reveals Adani Defence’s 10-Year Plan
Adani Defence and Aerospace is set to make big investments in the defence sector in the next 10 years, according to its CEO Ashish Rajvanshi. The company aims to support the government’s ‘Make in India’ initiative and achieve self-reliance in defence manufacturing. Adani Defence and Aerospace: A Key Player in Defence Manufacturing Adani Defence and […]