The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in August 2014, has accomplished a remarkable feat since its inception by providing universal banking services to unbanked households. The core principles of this initiative are centered on banking the unbanked, securing the unsecured, and facilitating access to credit. As of 12th July 2023, the PMJDY has…
In a significant move, the Reserve Bank of India (RBI) has granted foreign nationals and Non-Resident Indians (NRIs) visiting India access to the Unified Payments Interface (UPI), allowing them to conduct payments through UPI while in the country. This development was made official through circular no. RBI/2022-23/176CO.DPSS.POLC.No.S–1907/02.14.006/2022-23, dated 10th February 2023. As a result of…
The Regional Air Connectivity Fund Trust (RACFT) has released a total of Rs. 2729.11 crore as Viability Gap Funding (VGF) to Selected Airline Operators for the Regional Connectivity Scheme (RCS) – UDAN (UdeDeshkaAamNagrik) Scheme as of 30th June 2023. This move has facilitated the operation of 479 routes, linking 74 airports, along with 2 Water…
Ajmera Cityscapes and West Avenue Realty have jointly launched Atlantis, a magnificent 18-story luxury tower strategically located at the confluence of CD Road and 16th Road, opposite Camy Wafers in Khar (West). Amidst much excitement, Atlantis, the epitome of luxury real estate, was unveiled at a grand event graced by the esteemed presence of MLA…
Godrej Properties Ltd. (GPL), a prominent real estate developer in India, has secured the position of the highest bidder and obtained the Letter of Intent for the development of two group housing plots in the esteemed Golf Course Road micro-market. The auction, conducted by the Haryana Shehri Vikas Pradhikaran (HSVP) through e-auction, has granted Godrej…
In response to the ongoing heavy rains and associated natural disasters across the country, the Ministry of Finance’s Department of Expenditure has promptly released an amount of Rs. 7,532 crore to 22 State Governments for their respective State Disaster Response Funds (SDRF). This swift allocation comes as a measure to provide immediate assistance to the affected…
In response to the significant surge in tomato prices over the past month, the Department of Consumer Affairs has issued a directive to the National Agricultural Cooperative Marketing Federation (NAFED) and the National Cooperative Consumers Federation (NCCF). They have been instructed to promptly procure tomatoes from Mandis in Andhra Pradesh, Karnataka, and Maharashtra. The acquired…
REC Limited has approved a loan of ₹4,785 crore for the development of a greenfield refinery cum petrochemical complex in Barmer district, Rajasthan. The loan is part of a consortium arrangement amounting to ₹48,625 crore, with REC Limited’s contribution set at ₹4,785 crores. The proposed project aims to establish a state-of-the-art refinery cum complex with…
Wave City, the pioneering Hi-tech City in North India, has announced a substantial investment of approximately Rs 10 crore in AI technology. The objective is to enhance the amenities and security features provided to its residents. This investment is expected to establish a new standard in the real estate industry, offering homebuyers futuristic amenities and…
Indian Renewable Energy Development Agency (IREDA), a Mini Ratna (Category – I) enterprise under the administrative control of the Ministry of New and Renewable Energy, Government of India, has established a state-of-the-art Paperless Business Centre at the NBCC Office Complex in East Kidwai Nagar, New Delhi. Equipped with futuristic technology, the new office eliminates paper…
