According to a statement released by the Ministry of Commerce and Industry on 14 September 2024, the minimum export price (MEP) criteria for basmati rice exports has been eliminated by the Union Government. To increase the incomes of farmers, the decision has been made to permit the export of basmati
Reports indicate that government officials are contemplating a five-year extension of the budgetary assistance period under the second phase of the India Semiconductor Mission (ISM) to eight years. According to a senior government official, applicants whose projects are approved under ISM Phase II may be eligible for additional financial grants
The Central Government has partnered with Swiggy, a fast-commerce and food-delivery company, to enhance internship and job possibilities, according to a statement released on September 7. An initiative was launched by the Bengaluru-based startup with the Ministry of Skill Development and Entrepreneurship to offer job opportunities and skilling within the
The Krishi-Decision Support System (Krishi-DSS), a geospatial platform based on satellite imagery, was introduced by Bhagirath Choudhary, the Minister of State for Agriculture and Farmers' Welfare. With the platform's real-time data on a variety of important agricultural indicators, Indian farmers will be able to manage their crops
There have been several initiatives by the government aimed at increasing investment and attracting more manufacturing to the nation. To facilitate the country's overall industrial growth, the Indian government intervenes with suitable policies via the Department of Promotion of Industry and Internal Trade (DPIIT) and other Central Ministries/
With loan assistance of $500 million and a total project cost of $1288.24 million (INR 7,662.47 crore), the Government of India and the World Bank have signed an agreement for the construction of the Green National Highway Corridors Project (GNHCP) in the states of Himachal Pradesh, Rajasthan,
The "Innovation and Agri-Entrepreneurship Development" program is being implemented by the Department of Agriculture and Farmers' Welfare as part of the Rashtriya Krishi Vikas Yojana (RKVY) program. The program's objective is to encourage innovation and agri-entrepreneurship by offering financial and technical assistance to startups. A
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As the digital revolution took over the regular life of people by storm, there are not many areas that remain uninterrupted by it. With the huge impetus given to Digital India by the Government of India, the domain of finance and accounting has also undergone tremendous changes. Beginning with online
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We all aspire to do something huge. Regardless of whether we are a student, a business professional, a startup founder, or an entrepreneur to be, our aspiration is what propelled us to greatness. The Indian government also realized the importance of our aspirations and has launched the “ASPIRE” scheme. The
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India is a hub of untapped potential. It is also a land of commercial possibilities that can be realized with the correct tools. The Indian government realizes this talent pool and has taken various initiatives to tap, encourage and help this talent in a bid to build a strong economy.
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The entrepreneurial dreams of Indians have given the country over 94 Unicorns in recent years. This number is expected to cross a century by the end of 2022. Startups across the MSME sector have been at the heart of the Indian economy and generated millions of jobs for people across
🔍Insights
The Government of India owns the Life Insurance Corporations of India (LIC), which is an insurance and investment business. The Life Insurance Corporation of India (LIC) was established on September 1, 1956, when the Parliament passed the Life Insurance of India Act, which nationalised the Indian insurance business. The state-owned