Mahtari Vandan Yojana Launched by PM Modi in Chhattisgarh
Prime Minister Narendra Modi launched the Mahtari Vandan Yojana in Chhattisgarh on 10 March 2024, a scheme that aims to empower women and improve their health and nutrition status. The scheme will provide financial assistance of Rs 1000 per month to eligible married women of the state as monthly direct benefit transfer (DBT). The scheme […]
Bank Staff Set for 17% Wage Boost, Pending Sat Holidays
Bank employees in India have agreed to a 17% annual wage hike, which will benefit 8 lakh workers and cost public sector banks around Rs 8,284 crore more per year. The agreement also recognises all Saturdays as holidays, subject to government approval. Wage Hike Details Bank employees in India have something to cheer about as […]
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 […]
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 […]
Govt Mandates Warranty & Service Info for 4 Sectors
The government has taken a significant step to protect the rights of consumers and ensure transparency in the repair process of goods purchased. On Friday, the Consumer Affairs Secretary Rohit Kumar Singh held a meeting with the major stakeholders of four sectors — Automobiles, Consumer Durables, Mobile and Electronics, and Farming equipment — and directed […]
Govt Extends RoDTEP Benefits to SEZ Units
The government has announced the extension of the RoDTEP scheme support to additional export sectors, including SEZ units, to boost India’s export competitiveness in international markets. What is RoDTEP? RoDTEP stands for Remission of Duties and Taxes on Exported Products. It is an export promotion scheme that aims to refund various central, state, and local […]
TDS Not Applicable for Certain IFSC Unit Payments
The Indian government has announced a major relief for the units of 14 service sectors in the International Financial Services Centre (IFSC) by exempting certain payments made to them from TDS (Tax Deducted at Source) provisions, effective from April 1, 2024. This move aims to reduce the tax compliance burden and to promote IFSC as […]
Cabinet Approves 4% DA Hike; ₹12,900 Cr Outgo
The Union Cabinet has approved a 4% hike in dearness allowance (DA) for central government employees and pensioners, effective from January 1, 2024. The move will boost the income and spending of over 10 million beneficiaries and stimulate the economy. The Union Cabinet on Thursday approved the release of an additional instalment of dearness allowance […]
Record 40 Million Farmers Enrolled Under PMFBY
Pradhan Mantri Fasal Bima Yojana (PMFBY), the flagship crop insurance scheme of the Union Government, has registered a record enrollment of 40 million farmers in the Kharif season of 2021. This is an increase of 36% from the previous year, when 29.4 million farmers were enrolled under the scheme. The total area insured under PMFBY […]
Defence Tech Startups Get Rs 750 Cr ADITI Scheme
The Indian government has launched a new scheme to support and promote innovations in critical and strategic defence technologies by startups. The scheme, called Acing Development of Innovative Technologies with iDEX (ADITI), aims to provide grants worth up to Rs 25 crore for research, development, and innovation in defence technology. What is ADITI scheme? ADITI […]