Cabinet Extends Animal Husbandry Fund; Dairy, Fisheries Set for Fillip
The Union Cabinet has approved the continuation of the Animal Husbandry Infrastructure Development Fund (AHIDF) till 2025-26 with an outlay of Rs.29,610.25 crore. The scheme will incentivize investments in various segments of the livestock sector, such as dairy, meat, animal feed, breed multiplication, animal waste management and veterinary drugs and vaccines. The scheme will also […]
CGTMSE: Collateral-Free MSME Loans Cross Rs 1.50 Lakh Cr
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is a scheme launched by the Ministry of MSME and SIDBI in 2000 to provide collateral-free loans to micro and small enterprises (MSEs). The scheme aims to enhance the credit flow to the MSE sector by providing credit guarantee support to the lenders. According […]
RBI Imposes Ban on Paytm Bank Over Money Laundering, KYC Issues
The Reserve Bank of India (RBI) has taken a strict action against Paytm Payments Bank Ltd (PPBL), an associate company of One 97 Communications that runs Paytm, for violating several regulatory norms and guidelines. RBI has barred PPBL from accepting new customers, deposits, credit transactions, or top-ups in any of its platforms, including wallets, FASTags, […]
Modi Arrives in Odisha, Launches ₹68,400 Cr Projects
Prime Minister Narendra Modi arrived in Odisha on Saturday afternoon to unveil projects worth Rs 68,400 crore in the state, including the new campus of IIM-Sambalpur . The prime minister was accompanied by Chief Minister Naveen Patnaik, Governor Raghubar Das and Union Education Minister Dharmendra Pradhan. IIM-Sambalpur campus The prime minister inaugurated the new campus […]
Tata Motors Initiates Gigafactory Construction in UK
Tata Motors, the Indian automotive giant and owner of Jaguar Land Rover (JLR), has announced that it has begun construction of a battery cell gigafactory in the UK. The investment, worth over £4 billion, is one of the largest ever in the UK automotive sector and will create thousands of jobs and boost the country’s […]
ED to Investigate Paytm Bank on Money Laundering
The Reserve Bank of India (RBI) has ordered Paytm Payments Bank, a subsidiary of One 97 Communications, to stop accepting fresh deposits in its accounts or wallets from March 2024. The move comes amid concerns over persistent non-compliance with regulatory norms by the fintech giant. According to Reuters, the Enforcement Directorate (ED) will probe Paytm […]
ONDC Network Launches Ticketing Service for Chennai Metro Rail
Chennai Metro Rail Limited (CMRL) has announced that it has integrated with the Open Network for Digital Commerce (ONDC), an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry. This makes Chennai Metro Rail the first metro service in India to be available on the ONDC Network, […]
INR 1 Lakh Cr Corpus for Private R&D Incentives: Budget 2024’s Big Reveal
In a major boost to the research and innovation ecosystem in India, Finance Minister Nirmala Sitharaman announced a corpus of INR 1 lakh crore to provide interest-free loans for up to 50 years to the private sector for pursuing research and development in sunrise sectors. This is expected to enhance the competitiveness and productivity of […]
97.50% Rs 2,000 Notes Returned: RBI Announcement
The Reserve Bank of India (RBI) has revealed on February 1 that 97.50% of the Rs 2,000 currency notes in circulation as of May 19, 2023, have been successfully reintegrated into the banking system. This development follows the government’s decision to withdraw the high-denomination bills as part of the clean note policy. What is the […]
Govt’s ‘Bharat’ Rice Now at ₹29/kg in Retail Market
Rice is one of the most consumed staple foods in India, especially in the eastern and southern regions. However, the prices of rice have been rising steadily in the last one year due to various factors such as lower production, higher demand, export restrictions and stock limits. According to the official data, the retail price […]