FY25 Budget: Agriculture Ministry Allocated Rs 1.27 Lakh Cr
The Union Budget 2024-25 has allocated Rs 1.27 lakh crore for the Ministry of Agriculture, a slight increase from the current fiscal year. The allocation includes Rs 60,000 crore for the flagship PM-KISAN scheme, which provides income support to farmers. The budget also focuses on boosting the sectors of fisheries, animal husbandry and dairying, as […]
IRDAI Requires AYUSH Coverage in Health Insurance from April 1
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a circular on January 31, 2024, directing all general and health insurers to provide coverage for AYUSH treatments in their health insurance policies. AYUSH stands for Ayurveda, Yoga, Naturopathy, Unani, Siddha, and Homeopathy, which are alternative systems of medicine that have gained popularity in […]
No Voting Rights on CEO Change: Byju’s to Investors
Byju’s, India’s leading edtech firm, has refuted the claims of some investors who seek to remove founder and CEO Byju Raveendran from his position. The company said that its shareholder agreement does not give them the right to vote on CEO or management change. Investors demand EGM to oust Raveendran A group of investors, including […]
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 […]
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 […]
ESAF Bank and Edelweiss Tokio Unite for Life Insurance
ESAF Small Finance Bank, a leading bank in the rural segment of India, has joined hands with Edelweiss Tokio Life Insurance, a new age life insurance company, to offer life insurance products to its customers. The bancassurance partnership aims to provide financial security and protection to the unbanked and underbanked population in India. Benefits of […]
Bharti Airtel: 38.6 Lakh Equity Shares for FCCB Holders
Bharti Airtel, one of India’s leading telecom operators, has announced that it will allot 38.6 lakh equity shares to certain holders of its Foreign Currency Convertible Bonds (FCCBs) at a conversion price of Rs 518 per equity share. This follows the receipt of notices for conversion of FCCBs of principal value of USD 27.795 million […]
Govt Achieves 600 Lakh Tonnes Kharif Paddy Procurement
The government has achieved a milestone in the procurement of paddy grown in the kharif summer-sown season, surpassing the target of 600 lakh metric tonnes (LMT) for the Kharif Marketing Season (KMS) 2023-24. This has benefitted 75 lakh farmers across the country, who have received more than Rs.1,30,000 crores as minimum support price (MSP) for […]
FY24 Target: Road Ministry to Construct 13,813 Km Highways
The Ministry of Road Transport and Highways (MoRTH) has set an ambitious target of constructing 13,813 km of national highways in the current financial year, which would be a record achievement for the ministry. The MoRTH Secretary Anurag Jain announced this target on February 2, 2024, while addressing a press conference in New Delhi. He […]
Paysharp Earns SOC 2 Certification as Payment Aggregator
Paysharp, a fintech startup that provides UPI solutions and virtual accounts for B2B and B2C payments, has achieved SOC 2 certification, a standard for security and compliance in the payment industry. SOC 2 is an auditing procedure that ensures that service providers securely manage data to protect the interests and privacy of their clients. SOC […]