Updates

India’s digital economy set to drive one-fifth of GDP by 2030 India’s digital economy is projected to grow nearly twice as fast as the overall economy, contributing close to one-fifth of the country’s national income by 2030, according to a report from the Ministry of Electronics and Information Technology (MeitY). The report, titled Estimation and […]

Department of Commerce introduces Diamond Imprest Authorization Scheme to boost global competitiveness of diamond sector Scheme to support MSME diamond exporters and safeguard domestic industry Department of Commerce, Government of India has introduced the Diamond Imprest Authorization (DIA) Scheme on 21st of January 2025, aiming to enhance the global competitiveness of India’s diamond sector. This

Donald Trump has officially taken over the Oval office, as the 47th President of the United States. The 78-year-old Republican’s second run at the White House began with a series of executive orders, the fastest tool he has, ranging from delaying TikTok ban to increasing domestic energy production. During his first term, Trump had signed

The Uttarakhand government on Monday (January 20, 2025) approved the rules for the Uniform Civil Code (UCC) in a State Cabinet meeting chaired by Chief Minister Pushkar Singh Dhami. Paving the way for its implementation, Mr. Dhami said the government would issue a gazette notification for the legislation by the end of January. Tatkal registration, door-to-door services

The RBI on Monday (January 20, 2025) modified guidelines related to Asset Reconstruction Companies (ARCs), envisaging that settlement with the borrower should be undertaken only after all possible ways to recover dues have been examined. The Reserve Bank of India (RBI) has issued guidelines on Settlement of Dues of borrowers by Asset Reconstruction Companies (ARCs).

World Bank forecasts 6.7% growth for India, surpassing global growth of 2.7% India is set to dominate the global economic landscape, maintaining its status as the fastest-growing large economy for the next two fiscal years. The January 2025 edition of the World Bank’s Global Economic Prospects (GEP) report projects India’s economy to grow at a steady rate of

Launches Sanchar Saathi Mobile App; Unveils National Broadband Mission (NBM) 2.0 and Inaugurates Intra Circle Roaming at DBN Funded 4G Mobile Sites In a landmark move to enhance telecom accessibility, security, and empowerment across India, the Union Minister of Communications, Sh. Jyotiraditya M. Scindia, today launched a suite of citizen-focused initiatives. Key highlights of the

The Reserve Bank of India (RBI) on January 16 announced the list of non-banking finance companies (NBFCs) in the upper layer under scale based regulation for NBFCs for the year 2024-25, and added Tata Capital Ltd to the list. The Reserve Bank of India (RBI) on Thursday released the list of 15 Non-Banking Financial Companies (NBFCs),

The RBI has liberalised FEMA regulations to boost the Indian Rupee (INR) for cross-border transactions, facilitating INR accounts for non-residents, enabling INR transactions between non-residents, supporting foreign investment, and offering flexibility for exporters. The Reserve Bank of India (RBI) on Thursday announced a slew of measures to promote cross-border transactions in the Indian Rupee (INR)

On January 16, 2025, India marks nine years of Startup India, a transformative journey that began in 2016. Designated as National Startup Day, this occasion celebrates the nation’s strides in fostering a robust and inclusive entrepreneurial ecosystem. Launched as a flagship initiative of the Government of India, Startup India aimed to nurture innovation and catalyse