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Author: admin

Unused UDAN routes will be up for re-bidding: Jyotiraditya Scindia

Posted on July 30, 2023 By admin
Unused UDAN routes will be up for re-bidding: Jyotiraditya Scindia

Union Minister Jyotiraditya Scindia said that government’s regional connectivity scheme (RCS), also known as UDAN, are being put up for bidding again. File | Photo Credit: Shiv Kumar Pushpakar Discontinued routes under the government’s regional connectivity scheme (RCS), also known as UDAN, are being put up for bidding again, Civil Aviation Minister Jyotiraditya Scindia said…

Read More “Unused UDAN routes will be up for re-bidding: Jyotiraditya Scindia” »

Business

Explained | Mapping India’s chip design ecosystem

Posted on July 29, 2023 By admin
Explained | Mapping India’s chip design ecosystem

The story so far: As part of the second phase of the design-linked incentive (DLI) scheme for the domestic semiconductor industry, the Indian government, according to media reports, is considering a proposal to pick an equity stake in domestic chip design-making companies. The modalities and the timing of the policy are yet to be worked…

Read More “Explained | Mapping India’s chip design ecosystem” »

Business

In Sahara saga, small investors find a new hope

Posted on July 29, 2023 By admin
In Sahara saga, small investors find a new hope

Soon after a new Ministry to look after the cooperative sector was formed in 2021, the corridors of its old offices at Krishi Bhavan in Delhi’s Central Secretariat were filled with thousands of letters and postcards. Many handwritten, they had to be stuffed into gunny bags. All had the same request: a refund from the…

Read More “In Sahara saga, small investors find a new hope” »

Business

Turbulence hits UDAN scheme, 50% routes grounded

Posted on July 29, 2023 By admin
Turbulence hits UDAN scheme, 50% routes grounded

The government’s biggest claim to success in aviation since 2014 is building “74 airports in seven years”, as opposed to the same number built in the seven decades since Independence. However, only 11 of these airports have actually been built from scratch, while 15 airports have fallen into disuse over this period, due to the…

Read More “Turbulence hits UDAN scheme, 50% routes grounded” »

Business

Hostel accommodation to attract 12% GST: AAR

Posted on July 29, 2023 By admin
Hostel accommodation to attract 12% GST: AAR

Image used for representative purpose onl. | Photo Credit: DEEPAK KR Students will have to shell out more for hostel accommodation as a 12% GST would be applicable on the rent paid, the Authority of Advance Ruling said in two separate cases. The Bengaluru bench of the Authority of Advance Ruling (AAR) said hostels are…

Read More “Hostel accommodation to attract 12% GST: AAR” »

Business

Focus on infrastructure, investment, innovation, inclusiveness to make India developed nation by 2047: Finance Minister

Posted on July 29, 2023 By admin
Focus on infrastructure, investment, innovation, inclusiveness to make India developed nation by 2047: Finance Minister

Union Finance Minister Nirmala Sitharaman. | Photo Credit: Kamal Narang Finance Minister Nirmala Sitharaman on July 29 said the focus of the government is on four Is — infrastructure, investment, innovation and inclusiveness — to make India a developed nation by 2047. She said India has necessary wherewithal to meet the goal set by Prime…

Read More “Focus on infrastructure, investment, innovation, inclusiveness to make India developed nation by 2047: Finance Minister” »

Business

Data | Why India’s rice export ban impacts Asian and African nations the most

Posted on July 28, 2023 By admin
Data | Why India’s rice export ban impacts Asian and African nations the most

Rice kept for sale at a retail outlet in Kochi, Kerala. | Photo Credit: K.K. Mustafah  In the last couple of days, many panic-stricken Non-Resident Indians (NRIs) have thronged grocery stores and supermarkets in the United States to hoard bags of rice. Videos of people jostling to buy sona masuri rice (a lightweight and aromatic…

Read More “Data | Why India’s rice export ban impacts Asian and African nations the most” »

Business

Nestle investing ₹4,200 crore by 2025, to set up its 10th factory in Odisha

Posted on July 28, 2023 By admin
Nestle investing ₹4,200 crore by 2025, to set up its 10th factory in Odisha

FMCG major Nestle India has “strong commitments” for local manufacturing with plans to invest ₹4,200 crore by 2025, including in its 10th plant in the country at Odisha, its Chairman and Managing Director Suresh Narayanan said on Friday. Nestle India, the maker of popular Maggi noodles, KitKat chocolate and Nescafe, is investing to create capacity…

Read More “Nestle investing ₹4,200 crore by 2025, to set up its 10th factory in Odisha” »

Business

Our made-in-India chip will be ready in 2.5 years: Vedanta chairman on semiconductor plan

Posted on July 28, 2023 By admin
Our made-in-India chip will be ready in 2.5 years: Vedanta chairman on semiconductor plan

Anil Agarwal, Chairman of Vedanta Resources Ltd, addresses the audience during the ‘SemiconIndia 2023’, India’s annual semiconductor conference, in Gandhinagar, India, July 28, 2023. | Photo Credit: Reuters Vedanta group chairman Anil Agarwal on July 28 said that first phase of its semiconductor project will involve $5 billion investment of the overall $20-billion outlay, and…

Read More “Our made-in-India chip will be ready in 2.5 years: Vedanta chairman on semiconductor plan” »

Business

Unsafe landings increase as IndiGo seeks to trim soaring fuel costs using ‘unsanctioned methods’

Posted on July 28, 2023 By admin
Unsafe landings increase as IndiGo seeks to trim soaring fuel costs using ‘unsanctioned methods’

An IndiGo Airlines cabin baggage security check tag is pictured on a passenger’s luggage at Bengaluru International Airport in Bangalore. File | Photo Credit: Reuters IndiGo’s attempts to save about six kg of fuel per flight, by recommending soft landings using only three of an aircraft’s wing flaps, may be leading to an increase in…

Read More “Unsafe landings increase as IndiGo seeks to trim soaring fuel costs using ‘unsanctioned methods’” »

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