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 […]
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 […]
“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 […]
Ayushman Bharat to Cover ASHA, Anganwadi Workers: FM
In a major announcement in the interim budget 2024, Finance Minister Nirmala Sitharaman said that the Ayushman Bharat scheme, which provides health insurance to the poor and vulnerable, will be extended to all ASHA and Anganwadi workers and helpers. This will benefit about 30 lakh frontline health workers who are involved in delivering essential services […]
Promoting Women in Workforce: Labour Ministry’s New Advisory
The Union government has issued an advisory to employers to promote women workforce participation across various sectors. The advisory aims to create a conducive environment for women workers and entrepreneurs, and to address the gender gap in the labour market. Women constitute nearly half of the population of India, but their participation in the workforce […]
Import Duty for Mobile Parts in India Down to 10%
The Indian government has reduced the import duty on mobile phone components from 15% to 10%. This decision impacts a variety of components including battery covers, lenses, antennas, SIM sockets, and various mechanical and plastic items. The move is aimed at boosting exports from Asia’s third-largest economy and attracting more investment from global smartphone makers […]
Sources: Govt. Mulls Customs Duty Changes on 40+ Products to Promote Make in India
The government is considering changes in the customs duty structure on more than 40 products, including electronics, chemicals, textiles and automobiles, to boost domestic manufacturing and reduce imports, sources said. According to the sources, the finance ministry has sought inputs from various ministries and departments on the products that can be considered for duty rationalisation […]
X’s Challenge to Tweet Block Secrecy in Karnataka HC
X Corp, the microblogging platform formerly known as Twitter, has challenged the Indian government’s decision not to disclose the orders passed by a review committee that upheld the blocking of several tweets on its platform. The company has filed an appeal before the Karnataka High Court, seeking to quash a single-judge order that imposed a […]
HC Approves GST ‘Anti-Profiteering’ Clause
The Delhi High Court has upheld the constitutional validity of the anti-profiteering clause in the GST law, which requires companies to pass on the benefit of lower taxes and input tax credit to consumers. The ruling will affect over 100 companies that had challenged the provision and the orders of the National Anti-Profiteering Authority (NAA). […]
Vaan’s E-biking Vision: Changing India’s Travel
Vaan Electric Moto is an Indian lifestyle e-mobility startup that aims to revolutionize transportation with e-bikes. Founded in 2019 by Jithu Sukumaran Nair, a marine engineer and shipbuilder, Vaan has partnered with Benelli Biciclette, Keeway Group, to offer a range of e-bikes, e-scooters, e-mopeds, e-boats and apparel. Vaan launched its brand globally at the EICMA […]