India’s Power Spectrum: Modi Dominates, Adani Ascends, CJI Chandrachud Surprises in Top 10

In the ever-shifting landscape of Indian power dynamics, Prime Minister Narendra Modi stands firm as the foremost influencer, according to a recent ranking by a media outlet. As the BJP solidifies its position for a potential third term, Modi’s leadership remains unchallenged, closely followed by Union Home Minister Amit Shah and Rashtriya Swayamsevak Sangh (RSS) Chief Mohan Bhagwat. Notable figures like Chief Justice of India D Y Chandrachud and business magnate Gautam Adani carve out their spaces in the top echelons. The list also sheds light on the rising influence…

Indian Startup Ecosystem aims for global dominance, gears up for the first ever Startup Mahakumbh

India is all set to witness its first-ever ‘Startup Mahakumbh’, the largest celebration of Indian startups from March 18-20, 2024, at the prestigious Bharat Mandapam, New Delhi. Spearheaded by the collaborative efforts of ASSOCHAM, NASSCOM, Bootstrap Incubation & Advisory Foundation, TiE and Indian Venture and Alternate Capital Association (IVCA), the event will cement India’s reputation as a melting pot of innovation and amplify the country’s global startup footprint. With the purpose of enabling handshakes and connecting startups with a spectrum of inventors such as VCs, angel investors, family offices, and…

India’s Economic Triumph: Poised to Claim Third-Largest Economy Spot by 2027 with $10 Trillion Market Cap by 2030

A bold projection by global brokerage Jefferies foresees India’s meteoric rise on the global economic stage, positioning it as the world’s third-largest economy by 2027. This optimistic outlook underscores India’s remarkable growth trajectory fuelled by demographic advantages, institutional enhancements, and governance improvements. India’s ascent is not confined to its GDP alone; its equity market is also on a trajectory of remarkable expansion. Persistent reforms have laid the groundwork for sustained growth. India’s growing influence on the global stage is further buoyed by improving geopolitical relations, particularly with key stakeholders. India’s…

Coal Ministry Gears up for 2nd Industry Interaction Tomorrow in Mumbai to Promote Coal/Lignite Gasification Projects

After a successful and enthusiastically concluded industry interaction on February 16, 2024, in Hyderabad, focusing on the scheme for promotion of coal/lignite gasification projects, the Ministry of Coal, Government of India, is poised to conduct another roadshow on February 21, 2024, in Mumbai. Shri Amrit Lal Meena, Secretary, Ministry of Coal will be the Chief Guest for the event. This event aims to nurture the growth and widespread adoption of coal/lignite gasification projects throughout the country. It signifies a notable stride towards leveraging the abundant coal and lignite resources to…

45 Crore Jan Dhan Accounts have accumulated Rs 2.1 lakh crore: Union Minister Shri Anurag Thakur

Union Minister Shri Anurag Thakur today inaugurated the 2024 Annual Government and Institutional Business Meet of the Federal Bank. Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price today. Reminiscing the time before the current Government, Shri Thakur said that before 2014 the government was known for policy paralysis. Since 2014, the credo has shifted to Reform, Perform, Transform. The banking sector is today out of the clutches of debt and at an…

Smt. Sitharaman lauded SPMCIL for various initiatives to modernise operations and products with enhanced security

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presided over the 19th Foundation Day celebrations of the Security Printing and Minting Corporation of India Limited (SPMCIL) through hybrid mode, in New Delhi, today.     Shri Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance; Shri Vijay Ranjan Singh, Chairman and Managing Director and Board of Directors of SPMCIL and other senior officers from the Ministry of Finance also participated in the event. The programme was attended in virtual mode across various units of SPMCIL; senior officers, employees,…

Continuous growth witnessed in Steel production in India

Steel is a de-regulated sector and the Government of India acts as a facilitator, by creating a conducive policy environment for the development of this sector. Government has taken the following measures towards achieving the desired projections of National Steel Policy 2017 :-   Implementation of Domestically Manufactured Iron & Steel Products (DMI&SP) policy for promoting Made in India steel for Government procurement. Notification of Production-Linked Incentive (PLI) Scheme for Specialty Steel with an outlay of Rs. 6,322 Crore to promote the manufacturing of specialty steel within the country. Make in India initiative and the PM Gati-shakti National…

11.48 crore PAN cards are still not linked with Aadhaar: Govt

“Number of PANs not linked with Aadhaar, excluding exempted categories, is 11.48 crore as on January 29, 2024,” Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha. he government has collected over Rs 600 crore as penalty for delay in linking PAN with Aadhaar, and about 11.48 crore Permanent Account Numbers are still not linked with biometric identity, Parliament was informed on Monday. “Number of PANs not linked with Aadhaar, excluding exempted categories, is 11.48 crore as on January 29, 2024,” Minister of State…

Paytm Faces Regulatory Challenge as RBI Restrictions Impact Operations and Stock Value Drops

Paytm founder Vijay Shekhar Sharma reassured its extensive user base of over 300 million. Sharma asserted, “Your favorite app is working and will keep working beyond February 29 as usual.” Despite this reassurance the stock plummeted from ₹761.4 on Wednesday afternoon to ₹609 as markets opened the next day, resulting in a loss of $1.2 billion in market value. PBBL, in response to customer concerns, assured that their money is “safe” and that the RBI directive does not impact existing balances. Paytm, announced it is taking “immediate steps” to comply…

Balugaon – Thriving business, struggling fishermen

(A field report on the lives of fishermen in Odisha’s fishing hub at Balugaon) Balugaon, a small town in the Khordha district of Odisha has been its economic core for years now. The place has a humble occupancy of 3,735 families with a population size of 17,645(Census 2011). It is not difficult for any stranger entering its vicinity to guess the line of business in Balugaon – the strong smell of fish and the hustle-bustle of the fishing community detest and allure at the same time. Balugaon’s flourishing prawn and…