Business

To curb the distribution of non-compliant products through e-commerce platforms, Bureau of Indian Standards (BIS) has carried out search and seizure operations at multiple warehouse locations of leading e-commerce platforms, including Amazon and Flipkart, in cities like Lucknow, Gurugram and Delhi. In a recent raid conducted on 07th. March 2025 at an Amazon warehouse in Lucknow, BIS seized 215 toys and 24 hand blenders, all lacking mandatory BIS certification. Earlier, in February 2025, a similar operation at an Amazon warehouse…

The Make in India Auto Story Key Takeaways Introduction Launched in 2014, the Make in India initiative has significantly transformed India’s automobile industry, fostering domestic car production and accelerating electric vehicle (EV) manufacturing. Over the past decade, policy reforms, fiscal incentives, and infrastructure development have positioned India as a key global automotive hub. The sector has attracted substantial investments, spurred innovation, and increased localization, contributing to economic growth and sustainability. The Indian auto industry is one of the fastest-growing sectors. It embarked on a new journey in 1991 with the de-licensing of the sector and subsequent…

PMMY Offers Collateral-Free Loans for Small Businesses across Four Categories New Loan Scheme for first-Time Entrepreneurs announced in Union Budget 2025-26 In Union Budget 2025-26, the government raised MISS loan limit for KCC borrowers from ₹3 lakh to ₹5 lakh Jan Samarth Portal: One-Stop Digital Platform for Easy access to 15 Government Loan Schemes The Government runs many credit Schemes for small traders, farmers and startups. The details of few of these schemes are mentioned below. Pradhan Mantri Mudra Yojana…

In a significant step towards elevating India’s global position in emerging technologies, Global Head of IBM Corporation, an American multinational Technology Company headquartered in New York with presence in over 175 countries, Arvind Krishna called on Union Minister Dr. Jitendra Singh to explore potential joint collaboration in Quantum, Artificial Intelligence (AI) and geospatial AI solutions. The meeting between the two delegations took place in the backdrop of India’s recently launched National Quantum Mission, positioning the country as a global leader in…

BAANKNET Portal ensures Transparency with automated KYC and Secure Payments In order to boost the sale value realized through bank e-auctions, Public Sector Banks(PSBs) were requested by Department of Financial Services to redesign their e-auction platform. The platform “e-BKray” was launched on 28th February, 2019. In order to further streamline the listing and auctioning of assets of Banks, a revamped e-auction portal named “BAANKNET” was launched on 03rd January, 2025. The salient features of the BAANKNET portal are as follows: The BAANKNET…

₹1,500 Cr Incentive Scheme for Low-Value BHIM-UPI Transactions The Union Cabinet has approved a ₹1,500 crore incentive scheme for FY 2024–25 to promote low-value BHIM-UPI (P2M) transactions and encourage digital payments among small merchants.The scheme ensures zero MDR on UPI transactions and offers a 0.15% incentive for transactions up to ₹2,000 made to small merchants.The scheme aims to expand UPI infrastructure across rural and semi-urban areas through tools like UPI 123PAY, Lite, and LiteX.According to the ACI Worldwide Report 2024,…

Government Expands PLI Scheme to Strengthen Domestic Steel Manufacturing PLI 1.1 Sees ₹17,000 Crore Investment Commitment in Second Round 42 MoUs Signed Under PLI Scheme 1.1, Strengthening India’s Self-Reliance in Steel New Delhi:The Ministry of Steel marked a key milestone today with the signing of Memorandums of Understanding (MoUs) under the Production-Linked Incentive (PLI) Scheme 1.1 for specialty steel. Addressing the gathering, Union Steel Minister H.D. Kumaraswamy emphasized that the scheme is a significant step toward achieving Prime Minister Narendra…

PLI scheme clocks ₹1.61 lakh crores in investment,₹14 lakh crore in production, ₹5.31 lakh crore in exports and generates 11.5 lakh jobs 764 applications approved across 14 sectors with 176 MSME beneficiaries Keeping in view India’s vision of becoming ‘Atmanirbhar’, Production Linked Incentive (PLI) Schemes for 14 key sectors are under implementation to enhance India’s Manufacturing capabilities and Exports. The impact of PLI Schemes has been significant across various sectors in India. These schemes have incentivized domestic manufacturing, leading to…

The Government of India has withdrawn 20% duty on onion export, effective from 1st April, 2025. A notification to this effect was issued by the Department of Revenue today on the communication of Department of Consumer Affairs. To ensure domestic availability, the government had taken measures to check export by means of duty, minimum export price (MEP) and even to the extent of export prohibition for almost five months, from 8th December, 2023 till 3rd May, 2024. The export duty of 20% which…

The AGM of Indian National Trust for Art and Cultural Heritage (INTACH) was held on 22nd March 2025 at the Head Office in New Delhi. The Elections were held successfully for the post of Chairman and Governing Council members. After following due procedure the results were declared and Shri. Ashok Singh Thakur was elected as Chairman for a period of 3 years. INTACH is India’s premier heritage conservation organisation formally constituted on 27th January, 1984. It is a national registered Society under…