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Chunauti- Next Generation start-up challenge contest launched by IT Minister 

Aug 28, 2020
The Chunauti contest aims to identify around 300 startups working in identified areas and provide them seed fund of upto Rs. 25 Lakh and other facilities. 

Govt launches national GIS-enabled land bank system to provide the information on industrial land

Aug 28, 2020
GIS-enabled land bank system is launched to help investors in getting real-time information about the availability of industrial land and resources.

Jeff Bezos becomes first person to hit a net worth of $200 billion

Aug 28, 2020
Amazon’s CEO Jeff Bezos and also the world’s richest man is worth $204.6 billion as of August 27, 2020. He is $90 billion richer than Bill Gates, the world’s second-richest person.

Commerce and Industry Minister Piyush Goyal attends virtual ASEAN-India Business Council meet

Aug 28, 2020
Union Minister Piyush Goyal mentioned that the India-ASEAN trade can reach $300 billion if strategic relations between the two regions are improved. 

41st GST Council Meeting Updates: Centre presents 2 options of GST Compensation to States

Aug 27, 2020
According to the Finance Minister, the compensation gap has risen this year due to the COVID-19 pandemic.

India, Bangladesh to open new trade connectivity route on September 3

Aug 27, 2020
On September 3, 2020, a Bangladeshi vessel will transport a cargo of cement to Tripura as part of the efforts to boost connectivity between the two countries.

Government to sell up to 15 percent stake in HAL

Aug 27, 2020
The offer for sale will take place on August 27-28 on a separate window of the stock exchanges.

Niti Aayog's Export Preparedness Index 2020: Gujarat ranks first, Maharashtra second and Tamil Nadu third

Aug 27, 2020
Uttarakhand performed the best among the Himalayan states, followed by Tripura and Himachal Pradesh.

Average income of MGNREGA workers doubled amid COVID-19 lockdown in April-July: CRISIL report

Aug 26, 2020
As per the report, the average payday wage has been increased by 12% during the period under review.

BRICS Industry ministers attend video meeting to discuss cooperation boost in 5G, AI

Aug 26, 2020
The meeting of the five members bloc which includes Brazil, Russia, India, China, and South Africa adopted a joint statement on cooperation in the new industries such as Artificial Intelligence, 5G, and the industrial internet.

RBI announces special OMO worth of Rs 20,000 crore in 2 tranches

Aug 26, 2020
The RBI stated that it will buy government securities maturing on November 4, 2024, February 15, 2027, May 11, 2030 and August 28, 2032, respectively.

RBI projects India’s growth rate at (-) 4.5 per cent for 2020-2021

Aug 26, 2020
RBI in its report has asked for the wide-ranging reforms to regain the losses due to the COVID-19 crisis while adding that it will also take quite some time to mend and regain the pandemic momentum.

KVIC creates self employment for migrant workers through its flagship Honey Mission Programme

Aug 25, 2020
Vinai Kumar Saxena, KVIC Chairman informed that beekeeping will not only increase India’s honey production but it will also increase the income of the beekeepers.

AIIB and India sign agreement of USD 500 million for Mumbai Urban Transport Project-III

Aug 25, 2020
The project aims at improving the service quality, network capacity, and safety of the suburban railway system in Mumbai.

Businesses with annual turnover of up to Rs 40 lakh now GST exempt: Finance Ministry

Aug 24, 2020
The Ministry noted that GST's implementation has brought down the tax rate on a large number of items. At present,  the 28% GST tax slab includes mostly sin and luxury items. 

Centre relaxes unemployment allowance norms, offers 50% salary for 3 months

Aug 21, 2020
The government's move of relaxing norms for unemployment allowance will benefit almost 40 lakh industrial workers.

Centre to develop a single e-compliance window soon to promote ease of doing business

Aug 21, 2020
With a single e-compliance platform, companies in India instead of making multiple filings will be able to file their data in one place while regulators will get their data from one source.

India, Japan and Australia to launch Supply Chain Resilience Initiative to counter China

Aug 20, 2020
Supply Chain Resilience Initiative (SCRI) is a direct response to the individual economies and companies who are concerned about the Chinese political behavior and disruption to the supply chain. 

India ranks first in number of organic farmers, 9th in terms of area under organic farming

Aug 20, 2020
Sikkim has become the first state in the world to become fully organic. Other states including Uttarakhand and Tripura have also set similar sustainability targets.

Reserve Bank of India releases framework for pan-India entity for retail payments

Aug 19, 2020
According to the RBI released framework, the companies that have a net worth of over Rs. 500 crores will be eligible to set up a pan-India umbrella entity.
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