President Droupadi Murmu inaugurated the National Panchayat Awards Week and conferred the National Panchayat Awards during the ‘National Conference on Incentivisation of Panchayats-cum-Award Ceremony’ in New Delhi. In her address to the gathering, the President emphasized the importance of villages in the development of the country and said that villagers should have the right to…
An MoU has been signed between Nagarjunasagar-Srisailam Tiger Reserve and the Indian Highways Management Company Limited (IHMCL) in Andhra Pradesh and Telangana to enable a FASTag-based payment system at forest entry points. The initiative aims to provide visitors with a seamless and efficient entry process, allowing them to enjoy the natural beauty and wildlife of…
Prime Minister Narendra Modi unveiled a series of projects worth over Rs. 3,400 crore in Guwahati, Assam. During the event, he inaugurated AIIMS Guwahati and three other medical colleges and laid the foundation stone for the Assam Advanced Health Care Innovation Institute (AAHII). The Prime Minister had laid the foundation stone for this state-of-the-art hospital…
The number of documents required to register holding or core investment companies has been reduced from 52 to 18 by the Reserve Bank of India (RBI). The RBI conducted a comprehensive review of the registration process for core investment companies (CICs). The necessary documents for registration now include details on access to public funds and…
The Indian government has denied a report by The Times claiming that talks on a Free Trade Agreement (FTA) between India and the United Kingdom had been halted. The report had suggested that the talks were in trouble following pro-Khalistan demonstrations outside the Indian Embassy in London during which the Indian flag was insulted. In…
According to the Society of Manufacturers of Electric Vehicles (SMEV), in the fiscal year FY23, electric vehicle (EV) sales in India exceeded one million units for the first time, with the two-wheeler segment leading the way. The EV industry registered 11,52,021 units, which represented a 58 percent increase from 7,26,861 units in FY22. The sales…
According to ANAROCK Research, the inventory overhang in the top 7 cities in India fell to a record low of 20 months by the end of Q1 2023, down from 42 months in Q1 2018, marking a five-year low. By Q1 2020, the top 7 cities had seen the highest inventory overhang of 55 months….
The Union Finance Minister Nirmala Sitharaman in a press conference said, the provision of penalty for avoiding to link Parmanent Account Number (PAN) with Aadhaar is necessary. Such a provision helps in avoiding problems related to tax deducted at source (TDS) and tax collected at source (TCS). A late fee of Rs 500 was initially…
The Reserve Bank of India (RBI) has decided to keep the repo rate at 6.50 per cent, according to the bimonthly Monetary Policy Statement delivered by RBI Governor Shaktikanta Das. The Monetary Policy Committee (MPC) unanimously decided not to raise the repo rate, which had been raised six consecutive times prior to this announcement. Despite…
Launched on 5th April 2016 the Stand-Up India scheme has been a key contributor in economic empowerment, promoting entrepreneurship and job creation over the years. Sharing her views on the 7th anniversary of this scheme, the Union Finance and Corporate Affairs Minister Nirmala Sitharaman said this scheme provides a supportive environment to spur entrepreneurship. According…
