Securing Farmers’ Future: The Role of Pradhan Mantri Kisan Maandhan Yojana in Pension Provision
India is home to more than 140 million small and marginal farmers who constitute about 86% of the total agricultural landholders in the country. These farmers are often vulnerable to various risks such as crop failure, market fluctuations, natural disasters, and health emergencies. Moreover, they have limited access to formal social security schemes that can […]
Auto PLI Scheme: Ola Electric Secures Domestic Value Addition Certificate
Ola Electric, the electric vehicle arm of ride-hailing giant Ola, has become the first Indian two-wheeler EV company to receive certification under the Production Linked Incentive (PLI) Scheme for automobiles and auto components. The scheme, approved by the Union Cabinet in September 2023, aims to boost domestic manufacturing of advanced automotive technology products, including electric […]
BEL Secures Orders Valued at ₹1,034.31 Crore: A Significant Achievement
Bharat Electronics Limited (BEL), a Navratna Defence PSU, has announced that it has received orders worth ₹1,034.31 crore in the month of January 2024. These orders include a major order from Mazagon Dock Shipbuilders Ltd for supply of spares related to the missile systems, as well as additional orders for defence equipment from various customers. […]
Government Should Consider Taxing Wealthy Farmers, Suggests MPC Member
The issue of taxing agricultural income has been a contentious one in India, where a large section of the population depends on farming for their livelihood. However, some experts have argued that imposing income tax on rich farmers could bring more equity and efficiency in the taxation system, as well as generate more revenue for […]
RBI’s Draft Guidelines for Fintech Self-Regulation: A New Era in Financial Technology
The Reserve Bank of India (RBI) has recently released a draft framework for recognising Self-Regulatory Organisations (SRO) for the FinTech sector, inviting comments and feedback from stakeholders and the public by the end of February 2024. The draft framework aims to achieve a healthy balance between facilitating innovation by the industry and meeting regulatory priorities […]
PM Modi Unveils Rs 4000 Cr Projects, Envisions Kochi as Future Shipbuilding Centre
Prime Minister Narendra Modi inaugurated three major projects worth Rs 4,000 crore in Kochi on Wednesday, January 17, 2024, with a vision to transform India’s ports, shipping and waterways sectors. The projects include the New Dry Dock (NDD) and the International Ship Repair Facility (ISRF) of Cochin Shipyard Limited (CSL) and the LPG Import Terminal […]
TCS Targets Full Staff Training in Gen AI Skills: A Leap Towards Future
Tata Consultancy Services (TCS), the largest IT services exporter in India, has announced its ambitious plan to train its entire workforce of over 500,000 software engineers on Generative Artificial Intelligence (AI) skills. This move is aimed at creating one of the world’s largest AI-ready workforce and tapping into the huge potential of Gen AI for […]
Adani Group Increases Ownership in IANS News Agency
AMNL acquires majority stake in IANS AMG Media Networks Limited (AMNL), a wholly owned subsidiary of Adani Enterprises, has increased its stake in IANS India Private Limited (IANS), one of India’s leading news agencies, by subscribing to fresh shares worth Rs 5 crore. The acquisition was announced on Wednesday, January 17, 2024. According to a […]
KisanKonnect, Backed by Shilpa Shetty, Secures Rs 31 Crore Funding Led by Climate-Tech Fund GFC
About the startup KisanKonnect is a Pune-based agritech startup that was founded in 2020 by Vivek and Nidhi Nirmal. The startup sources fresh vegetables and fruits directly from its network of 5,000 farmers and delivers them to customers in Mumbai and Pune through its own D2C app and farm-stores. It also has a line of […]
A New Chapter for Dharavi: Adani Group to Provide 350 sq ft Flats Complete with Kitchen and Toilet in Post-Redevelopment Plan
Dharavi, Asia’s largest slum, is set to undergo a major transformation as the Adani Group has taken up the challenge of redeveloping it in collaboration with the Maharashtra government. The project, which has been delayed for over two decades, aims to provide better living conditions and amenities to the eligible residents of the slum clusters. […]