The Indian government has announced a waiver on import duties for several essential components used in the manufacturing of electric vehicle (EV) batteries and mobile phones. This move is part of a broader effort to support domestic production and enhance the global competitiveness of Indian manufacturers. Boosting Local Manufacturing Speaking ahead of the Finance Bill …
Starting May 1, withdrawing cash from ATMs will become more expensive as the Reserve Bank of India (RBI) has approved an increase in ATM interchange fees. This fee is the amount one bank pays another for allowing its cardholders to use their ATM services. The revision aims to cover the growing costs of maintaining ATMs …
The Reserve Bank of India (RBI) has introduced significant changes to the Priority Sector Lending (PSL) framework, aiming to ensure more equitable lending practices. These new guidelines, effective from April 1, 2025, provide additional safeguards for small borrowers, specifically protecting those taking loans of up to ₹50,000 under the PSL category. Protection for Smaller Loan …
The Adani Group has reportedly placed a preliminary bid ranging between $2.4 billion and $2.6 billion for Jaiprakash Associates Ltd. (JAL), which is currently undergoing insolvency proceedings, as per news reports. The bid submission deadline was March 25, and over 20 potential bidders are said to have expressed interest in acquiring JAL’s assets. Strategic Expansion …
The Government of India has recently highlighted some fascinating findings from its verification process of beneficiaries under the national food security scheme. According to a data, presented in the Rajya Sabha by the Food and Consumer Affairs Minister, Pralhad Joshi, approximately 5.6 lakh individuals over 100 years old have been identified as beneficiaries of the …
More Indians are choosing lab-grown diamonds, pushing homegrown startups to expand quickly and tap into the growing demand for affordable, sustainable jewellery, as per the latest reports. The domestic market, while still in its early stages, has seen an increase in the number of startups attempting to build a national presence. According to market reports, …
The government is on the verge of finalising the establishment of the 8th Pay Commission, which will play a pivotal role in revising the salary and pension structure for central government employees. As per news reports, the terms of reference for the commission are expected to be sent for cabinet approval by early next month, …
The Mahila Samman Savings Certificate (MSSC) is a government-backed small savings scheme designed exclusively for women and girls. Launched to promote financial inclusion and economic independence, this scheme offers a secure and rewarding investment opportunity with a fixed tenure of two years. With an attractive interest rate and flexible withdrawal provisions, it serves as a …
India’s Strategy to Address Reciprocal Tariffs India is looking to mitigate the effects of U.S. President Donald Trump’s reciprocal tariffs, set to take effect from April 2. These tariffs are expected to disrupt global markets, prompting urgent responses from policymakers. Internal estimates suggest they could impact 87% of India’s total exports to the U.S., valued …
In recent years, the Government of India has made significant strides in providing financial assistance to fishers and fish farmers to support the development of the fisheries sector. The introduction of the Kisan Credit Card (KCC) scheme for fishers, along with other schemes like the Fisheries and Aquaculture Infrastructure Development Fund (FIDF) and the Pradhan …
