Sugar Subsidy Scheme for AAY Families Extended till 2026
The government has announced the extension of the sugar subsidy scheme for Antyodya Anna Yojna (AAY) families for two more years till March 31, 2026. The scheme provides subsidized sugar to the poorest of the poor through the Public Distribution System (PDS). The decision is expected to benefit about 1.89 crore AAY families across the […]
Three New Economic Corridors for Railways: FM
In her Interim Budget speech delivered in the lower house of parliament, Finance Minister Nirmala Sitharaman announced a substantial allocation of Rs 2.55 lakh crore for capital expenditure for the Indian Railways, along with three new railway economic corridors to reduce congestion and logistics costs in India. She also proposed that around 40,000 normal rail […]
Cabinet Approves Marketing Margin for Urea Plants’ Gas Supply
The Union Cabinet, led by Prime Minister Narendra Modi, has approved the determination of marketing margin on the supply of domestic gas to Fertilizer (Urea) Units for the period from May 1, 2009 to November 17, 2015. This approval is a structural reform that aims to provide additional funds to various Fertilizer (Urea) Units for […]
Centre Extends Apparel Export Incentive Scheme to 2026
The Indian government has approved the extension of the RoSCTL scheme for apparel and made-ups sectors till March 2026. The scheme aims to boost the export competitiveness of these sectors by refunding the taxes and levies incurred in the production and distribution process. What is RoSCTL? RoSCTL stands for Rebate of State and Central Taxes […]
Hapag-Lloyd, TN Govt Join Hands for Logistics Infrastructure
Hapag-Lloyd, a German shipping and container transportation major, has signed a MoU with the Tamil Nadu government to invest ₹2,500 crore for various projects in Thoothukudi and other areas. The MoU was exchanged in Spain, in the presence of CM M.K. Stalin and Industries Minister T.R.B. Raaja, according to a press release. The projects are […]
Lakhpati Didi Scheme: Target Raised to 3 Cr from 2 Cr
The ‘Lakhpati Didi’ scheme, which aims to provide skill development training to rural women and help them earn at least one lakh rupees a year, has received a boost in the interim budget presented by Finance Minister Nirmala Sitharaman on Thursday. The minister announced that the target of the scheme has been enhanced from 2 […]
Cabinet’s Approval for India-UAE Bilateral Investment Treaty
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today has given its approval for signing and ratification of Bilateral Investment Treaty between the Government of the Republic of India and the Government of the United Arab Emirates . Benefits of the treaty The Treaty is expected to improve the confidence of the […]
Sitharaman: Govt Plans to Raise ₹14.13 Lakh Cr from Market
Finance Minister Nirmala Sitharaman presented the interim Budget 2024-25 in Parliament on Thursday, highlighting the achievements of the Modi government and its plans for future growth. She said the Indian economy witnessed a profound positive transformation in the last 10 years, overcoming the challenges of Covid-19 and creating foundations for a self-reliant nation. She also […]
“Boosting ‘Nari-Shakti’: Sitharaman’s New Measures Announced
Finance Minister Nirmala Sitharaman presented her sixth and final budget for the fiscal year 2024-25 on February 1, 2024. In her budget speech, she highlighted the achievements of the Modi government in empowering women and announced new measures to boost ‘nari-shakti’ (women power) in various sectors. Sitharaman said that the government has taken several steps […]
TCS Ties Promotions to ‘Return to Office’ Mandate
Tata Consultancy Services (TCS), India’s largest IT services company, has announced that it will link promotions, hikes, and variable payouts to complying with its recent return-to-office policy. This means that employees who work from the office regularly will have a better chance of getting higher grades, salaries, and bonuses than those who work from home. […]