In a significant move, the Modi government has announced 100% Foreign Direct Investment (FDI) in the space sector. This decision was announced following a key meeting chaired by PM Modi on Thursday (21st February). The move is aimed at attracting potential investors to invest in Indian companies in the space sector and integrate Indian companies into global … Read more
Tata Group companies have surged in value in a remarkable feat over the past year. The conglomerate’s market value has surpassed Pakistan’s GDP. As per the Economic Times report, the total market size of Tata Group is approximately Rs 30.3 lakh crore (USD 365 billion), surpassing the estimations of Pakistan’s GDP, which is around USD 341 billion. Tata … Read more
The Reserve Bank of India on Friday gave a 15 day relaxation to Paytm payments bank on accepting deposits. The last date will now be March 15 from the earlier date of February 29. In its release the Central Bank said “No further deposits credit transactions or top-ups shall be allowed in any customer accounts, prepaid instruments, … Read more
On Saturday (10th February), the Employees’ Provident Fund Organisation (EPFO) recommended a hike in the interest rate on deposits under the Employees Provident Fund (EPF) scheme for the financial year 2023-2024. As per the recommendations, the retirement fund body fixed a three-year high-interest rate of 8.25% on EPF deposits for FY 2023-24. The recommendation to hike the EPF interest … Read more
What UPA inherited from Vajpayee ji in 2004 is summed up in this way: “ In 2004, when the UPA government began its term, the economy was growing at 8 per cent (with industry and services sector growth above 7 per cent each and a resuscitating agriculture sector growth above 9 per cent in FY04) … Read more