#indianeconomy

Major reforms announced by Modi government, eases Work From Home norms and liberalises regulations for Other Service Provider sector

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In a significant move aimed at reforming the BPO and ITeS Sector, the government of India has announced liberalisation of the regulatory regime for the ‘Other Service Provider’ Industry in the sector. ‘Other Service Provider’ an entity providing Application Services like tele-banking, tele-medicine, tele-education, tele-trading, e-commerce, call centre, network operation centre (NOC) and other IT-enabled services to … Read more

Union Government approves Rs 1.46 lakh crore PLI scheme for 10 key sectors with the aim of transforming India into a manufacturing hub

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In a big boost to Atmanirbhar Bharat campaign, the Union Cabinet chaired by the PM Narendra Modi today gave its approval to introduce the Production-Linked Incentive (PLI) Scheme in 10 key sectors for enhancing India’s manufacturing capabilities and enhancing exports. “The policy that we are taking in the PLI, through which we want the manufacturers to come into India, … Read more

Here are the 12 measures announced by Finance Minister Nirmala Sitharaman under Atmanirbhar Bharat 3.0 stimulus package

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The Modi government on Thursday announced another financial stimulus package, as a part of Atmanirbhar Bharat 3.0. Finance Minister Nirmala Sitharamana announced 12 new measures under the new Atmanirbhar Bharat 3.0 stimulus package to boost the Indian economy amid the ongoing coronavirus pandemic. The measures announced by the centre are expected to be aimed at sectors worst hit by the … Read more

Nine out of Eleven component manufactures of Apple convinced to shift their plants from China to India: Union minister Ravi Shankar Prasad

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Union Minister for IT and Communications Ravi Shankar Prasad on Thursday said that the Modi government was able to convince nine of the eleven component-makers of Apple Inc to move away from China to set up their plants in India. Speaking at the inaugural session of the 23rd edition of the Bengaluru Tech Summit held … Read more

Anti-India bias in reporting on Indian economy is destroying the credibility of the New York Times (and others)

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Everything is wrong with the Indian economy. The New York Times certainly thinks so. See this article complete with the picture of manual labourers working the ground with the most primitive tools in India. In the foreground, a sad-looking man carries what appears to be construction material on his head. Look more carefully. I’m sure … Read more

Samsung to relocate mobile display plant from China, to invest Rs 4,825 crore in Yogi Adityanath’s Uttar Pradesh: Details of the deal

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 Smartphone major  Samsung is all set to relocate its mobile and IT  display production unit from China to Uttar Pradesh and invest Rs 4,825 crore in the state. According to the reports, the new production plant by  Samsung will be the first high-technique project, which is being set up in India after relocating from China. The new project is likely to generate 1,500 … Read more

Demands to legalise MSPs is retrograde, can destroy the farm sector and hurt the Indian economy: Explained

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Ever since the Modi government passed three farm laws to free the country’s agricultural marketing and procurement systems, the farmers, especially from Punjab have hit the streets to demand a rollback on the law. One of the main arguments of the protesting farmers is that the newly enacted laws would alter the existing procurement system … Read more

India Post Payments Bank launches digital payment service DakPay, here is a comprehensive guide on how to use it

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Department of Posts (DoP) and India Post Payments Bank (IPPB) have launched a new digital payment app, ‘DakPay,’ on December 15, 2020. The app will help in providing Digital Financial services at the last mile across India. The app comes with a suite of digital financial and assisted banking services offered by India post and IPPB using … Read more

India witnesses a record high collection of GST in April: Finance Ministry

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In a major development, India witnessed a record high collection of Goods and Services Tax (GST) for the month of December 2020. As per reports, GST revenue collected last month stood at an all-time high of ₹1,15,174 crores. At the same time, the figure is 12% higher than the tax collected in December 2019. Finance Ministry informed … Read more

Amid allegations that new farm laws will end MSP regime, govt’s paddy procurement at MSP surges 23 per cent

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While misled farmers, driven by the lies peddled by various opposition parties and the anti-Modi brigade, continue to protest, assuming that Modi government will ‘abolish MSP’ through its new farm laws, the central government’s ongoing paddy procurement has surged past the last year’s total procurement by more than 23 per cent. According to official data, the Food … Read more