Government: Page 6

News and Trends

Buying Amul Products Is Not Against Karnataka, Says Nirmala Sitharaman

The minister further emphasized the importance of healthy competition, which has led to India becoming the world's largest milk producer and argued that the focus should be on strengthening India in every aspect, rather than creating political issues around the dairy industry

News and Trends

Vedanta-Foxconn Semiconductor JV Finally Shares Details Of Technology Partner

The Vedanta-Foxconn consortium is one of the five applicants seeking government incentives under a $10-billion package announced in December 2021 to promote domestic semiconductor manufacturing

News and Trends

UP Government Sets Target To Become First State To Have 100% EVs In Government Departments

To promote EVs in UP, the Yogi government has decided to give up to 100% exemption on road tax and registration fee for three years

News and Trends

Crypto Issue Requires Immediate Attention, Says Nirmala Sitharaman

The minister further noted that there was consensus among G20 members to have a globally coordinated policy response on crypto assets that takes into consideration the full range of risks, including those specific to emerging markets and developing economies

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SRAM & MRAM To Invest INR 30,000 Crore In Odisha To Set Up Semiconductor Unit

The investment will be made and utilised in a phased manner, where in the first phase, the group will invest INR 30,000 crore

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Government Incentives To Drive EV Penetration In India: Moody's

In a report, Moody's Investors Service said India has the fourth-largest car market globally, but electric vehicle (EV) penetration is currently only around 1%

News and Trends

India Wants WTO To Be More Progressive To Other Countries, Says Nirmala Sitharaman

The finance minister also said that WTO needs to give more space to the countries which have something different to say and not just hear

News and Trends

Banks Sanction INR 23.2 Lakh Crore To About 40.82 Crore Beneficiaries Under Mudra Yojana

PM Mudra Yojana has played a vital role in funding the unfunded and ensuring a life of dignity as well as prosperity for countless Indians

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Government May Set Up 16th Finance Commission In 2023 For Centre-State Tax Devolution

Finance Commission is a constitutional body that gives suggestions on Centre-state financial relations

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Inflation Has Been Kept At 6% Or Below Despite Adverse Circumstances, Says Nirmala Sitharaman

The finance minister also added that price rise is a matter on which the Centre is very sensitive and responsive

News and Trends

Stand-Up India Scheme: Government Sanctions More Than INR 40,700 Crore To Over 1.80 Lakh Accounts

Stand up India Scheme, launched on April 5, 2016, with a focus on economic empowerment and job creation, has been extended up to 2025

News and Trends

World Bank Cuts India's Growth Forecast For 2023-24: Report

The World Bank also signified that the Indian government is likely to meet its fiscal deficit target of 5.9% of GDP in 2023-24

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Focus On Scale, Efficiency And Technology To Cut Logistics Costs, Says Piyush Goyal

The minister said that logistics has become the centerpiece of India's policy making in its journey towards becoming a developed nation and a leader in international trade

News and Trends

Government May Consider 0.3% Fee To Ensure Financial Viability of UPI: Report

The report also stated that the facilitation fee of 0.3% can generate around INR 5,000 crore in 2023-24

News and Trends

India Unveils New Foreign Trade Policy 2023

Unlike previous policies that were announced for five years, the FTP 2023 reportedly has no end date and will be updated as needed