Government: Page 9

News and Trends

Government Imposes Money Laundering Provisions On Virtual Assets

The gazette notification issued on 7 March by the Union Finance Ministry stated that digital assets, cryptos or virtual asset business will now come under the ambit of Prevention of Money Laundering Act (PMLA) 2002

News and Trends

Narendra Modi Urges Private Sector To Step Up Investment

Modi reportedly said the government has increased outlay on capital expenditure to INR 10 lakh crore, the highest ever

News and Trends

Centre To Bring Ecommerce Policies: Government Official

The Joint Secretary reportedly urged the industry to focus on producing high quality products

News and Trends

ONDC Will Help Small Retail Survive Onslaught Of Large Tech-Based Ecommerce Firms, Says Piyush Goyal

The minister also said that the consumer industry in India, and FMCGs have been victims of indiscriminate low-quality imports because of which people have suffered

News and Trends

Daily UPI Transactions Jump 50% To 36 Crore, Says RBI Governor

Shaktikanta Das added that the overall monthly digital payment transactions crossed over INR 1,000-crore-mark each month during the past three months

News and Trends

Government To Soon Issue SOPs For INR 26,000 Crore Auto PLI: Report

The market estimates reported that as of 2022, India is the third largest automobile market in the world, surpassing Japan and Germany in terms of sales

News and Trends

India To Manufacture $300 Billion Electronics Goods By 2026, Says Rajeev Chandrasekhar

As per the market estimates, with per capita disposable income and private consumption having doubled between FY12 and FY21, India has emerged as one of the largest markets for electronic products in the world

News and Trends

Goods And Services Exports May Touch $1 Trillion Each By 2030, Says Piyush Goyal

According to reports, the country's merchandise and services exports touched an all-time high of $422 billion and $254 billion, respectively, in 2021-22

News and Trends

GDP Growth May Top 7% This Fiscal Year, Says CEA

According to the second advance estimate released by the National Statistical Office (NSO) maintained the growth projection of 7% as was projected in the first advance estimate which was released in January

News and Trends

India Gives Hope For Future, Bill Gates Meets RBI Governor

Bill Gates is currently on a trip to India to witness the progress made in various areas including climate change

News and Trends

Centre Launches Appellate Panel For Social Media Platforms

The chairpersons and other members of the three GACs constituted by the government will not have any office and not conduct any physical hearings

News and Trends

India To Witness 100% 5G Coverage By December 2024, Says Ashwini Vaishnaw

The communication minister had said that locally developed 4G and 5G technology stack has drawn interest from over 9 countries, making India a potential telecom technology exporter

Entrepreneurs

Ethical Practices Will Always Attract Investments, BluSapphire CEO On Layoffs

BluSapphire CEO Kiran Vangaveti advised that being cyber aware is imperative for citizens of a company or country as it impacts all of us

News and Trends

EPFO Members Can Apply For Higher Pension Till May 3

The deadline accordingly should have been around March 3, 2023, but the EPFO only last week came out with the procedure for opting for higher pension under the Employees' Pension Scheme

News and Trends

FTA With EU May Take Longer To Conclude, Says Piyush Goyal

As per reports, currently EU is India's third largest trading partner, accounting for $88 billion worth of trade in goods in 2021, whereas India is the EU's 10th largest trading partner accounting for 2.1% of EU total trade in goods in 2021