Government to Sell ‘Enemy Property’ Shares in 84 Companies, First Tranche Includes 20 Firms
The government of India has announced its plan to sell over 2.91 lakh shares of ‘enemy property’ in 84 companies to individuals and corporates in tranches. These shares belong to the assets of individuals who had migrated to Pakistan and China, mostly between 1947 and 1962, and are classified as ‘enemy property’ under the Enemy […]
Mutual Fund Industry’s AUM Hits Rs 50 Lakh Crore Milestone: Latest Rs 10 Lakh Crore Achieved in Just One Year
Historic Growth in Mutual Fund Industry The Indian mutual fund industry has achieved a remarkable milestone, with its assets under management (AUM) surpassing Rs 50 lakh crore in December 2023. This growth is a significant indicator of the industry’s robustness and investor confidence. Surge in Systematic Investment Plans (SIPs) A key factor in this achievement […]
BMW India Achieves Record-Breaking Sales of 22,940 Units in 2023
Overview of BMW India’s Historic Sales Achievement BMW India marked a significant milestone in 2023, achieving its highest annual sales ever. The German automotive giant reported a total of 22,940 units sold, a remarkable 19% increase from the 19,263 units in 2022. This achievement encompasses sales across the BMW, MINI, and BMW Motorrad brands. Detailed […]
Edtech Firm ConveGenius Raises $7M in Funding Round
About the company ConveGenius, an edtech company that offers personalized and adaptive learning solutions, was founded in 2013 by Jairaj Bhattacharya and Shashank Pandey, with a vision to democratize quality education for millions of learners in India and other emerging markets. The company leverages artificial intelligence, data science, and gamification to create personalized and engaging […]
Understanding the Intricacies of the National Credit Framework: An In-Depth Look
The National Credit Framework (NCrF) is a single meta-framework that works on the accumulation of credits earned through school education, higher education and vocational & skill education. Under this system, credit will be assigned to academic learning and skill learning, enabling learners to move seamlessly across different levels and domains of education. The NCrF was […]
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.
GeM: Achieving ₹2 Trillion Milestone and Aiming Higher in FY24
e GeM Chief Executive Officer, P K Singh, expects the portal to surpass the previous year’s transactions of INR 2 trillion, with a forecast of exceeding INR 3 trillion in procurement for the fiscal year 2022-23.
Bharatmala Project: Transforming India with Rs 10.64 Lakh Crore Investment
Bharatmala Pariyojna is a mega road development project launched by the Government of India in 2017. The project aims to improve the connectivity and efficiency of the road network across the country by building new highways, bridges, tunnels, expressways, and logistics parks. The project covers a total of 83,677 km of roads, which will be […]
India’s Oil and Gas: Tax Reductions Drive Industry Expansion
the government announced a reduction in windfall profit taxes on domestically produced crude oil and diesel exports on November 16, 2023. The tax on crude oil was slashed from ₹9,800 per tonne to ₹6,300 per tonne, while the tax on diesel was reduced from ₹2 per litre to ₹1 per litre. This strategic decision is poised to have a far-reaching impact on various aspects of the Indian economy.
Online Gaming in India: Growth Narrative and Tax Obstacles
The imposition of a 28% Goods and Services Tax (GST) on online gaming, casinos, and horse racing by the GST Council in India, announced in July 2022,