#indianbusiness

Healthcare transformation in India: From focus on preventive healthcare, infrastructure development to innovative technology integration

by

“Strength lies not in unrestrained behaviour but in well-regulated action”, said Pandit Deendayal Upadhyaya (1916-1968). The co-founder of the Bhartiya Jana Sangh (BJS) and a prominent thinker of RSS had famously espoused the idea of ‘Antyodaya’, or upliftment of the last man in the queue. Drawing inspiration from the same philosophy, the present-day Indian Government has … Read more

Every penny due for Karnataka given on time, no special grant recommended by Finance Commission

by

In a push-back against allegations of fiscal bias against Congress-ruled Karnataka and non-provision of funds, Union Finance Minister Nirmala Sitharaman said on Sunday every penny due to the state is accounted for and was released on time. Speaking at an informal interaction organised by the Thinkers Forum here in the Karnataka capital, Sitharaman said, “The … Read more

Production Linked Incentive (PLI) Schemes resulted in over ₹1.03 lakh crore investment till November 2023, contributes to exports over ₹3.20 lakh crore

by

Production Linked Incentive (PLI) Schemes launched by the Modi government has resulted in over Rs. 1.03 lakh crore of investment till November 2023, the Ministry of Commerce & Industry said on Wednesday, 17th January 2024. A statement issued by the ministry said that this has led to production/ sales of Rs. 8.61 lakh crore and … Read more

Indian Rupee stable while Chinese Yuan is falling: A feather in Modi government’s cap to keep currency stable in pre-election year

by

As India’s Prime Minister Narendra Damodardas Modi looks to secure a third term in 2024, most would agree that his strongest suits have been infrastructure push and last-mile delivery of welfare schemes. Now, PM Modi’s Bharatiya Janata Party (BJP) can add exchange rate management to the list.      The Indian rupee (INR, ₹) held steady … Read more

Patanjali’s Acharya Balkrishna apologises in SC for misleading ads

by

 Patanjali Ayurved Managing Director Acharya Balkrishna has tendered an unqualified apology in the Supreme Court over alleged misleading advertisements. In an affidavit, Patanjali Ayurved Managing Director Acharya Balkrishna said that he submits an unqualified apology before the top court for the breach of the statement recorded in the order copy of the top court dated … Read more

Focus on financial systems, along with Big Bang Reforms and simultaneous benefits to middle-class, economically weaker sections

by

The double-digit inflation for many years is often listed as one of the most stellar achievements of Sonia Gandhi’s rule (2004 to 2014). Another double-digit achievement during her rule, that is often not given the due it deserves, is the home loan interest rates. The aspiring middle class was investing in buying a home for themselves. … Read more

RBI asks all agency banks dealing with govt transactions to remain open on 31 March Sunday on the union govt’s request

by

The Reserve Bank of India on 20 March advised all banks dealing with government transactions to open their branches on 31st March, Sunday. The central bank issued the advisory to the agency banks at the request of the union government. The Government of India requested all agency banks to keep their branches dealing with government receipts and … Read more

In case of hung house, fresh elections can be held to elect new house for rest of the term

by

The High-Level Committee on ‘One Nation One Election’ led by former President Ram Nath Kovind in its report recommended that in the event of a hung House, a no-confidence motion constitutes the new House, fresh elections may be held for the remainder of the five-year term. Where fresh elections are held for the House of … Read more

SC dismisses plea by industry bodies wary of donation disclosures, highlight ‘potential adverse impact of mandating parties to breach confidentiality’

by

The Supreme Court on Monday, 18th March, dismissed an application filed by Assocham, FICCI and CII opposing the pleas that sought the disclosure of the invisible alphanumeric numbers embossed on electoral bonds. These numbers would reveal the details of who including which company donated money to whom through electoral bonds. Appearing for the industry bodies was senior … Read more

Union Government approves electric vehicle policy aimed at making India a hub of EV manufacturing, minimum ₹4,150 crore investment required

by

In a move towards bolstering India’s position as a manufacturing powerhouse for electric vehicles (EVs), the Union Government has greenlit a comprehensive scheme aimed at attracting investments in the EV sector and promoting indigenous manufacturing of EVs equipped with cutting-edge technology. According to a press release, the policy, approved by the Ministry of Commerce and … Read more