Food ordering and delivery platform Swiggy has introduced a “moonlighting policy” that allows its full-time employees to take up jobs after work hours subject to certain guidelines and restrictions. Key highlights Swiggy claims this as an industry-first policy, in which Read More …
Category: Economy
NRIs allowed to pay utility bills through BBPS
The Reserve Bank of India (RBI) has allowed NRIs to pay bills on behalf of their families in India through Bharat Bill Pay System (BBPS). Instead of transmitting money to Indian accounts and using it to pay such bills, NRIs Read More …
SEBI constitutes 15-member committee to attract foreign investment
The Securities and Exchange Board of India (SEBI) has constituted an expert group of Foreign Portfolio Investors (FPIs) to boost overseas flows into the country. The FPI Advisory Committee (FAC) will be chaired by former Chief Economic Adviser KV Subramanian Read More …
India achieves landmark milestone, over 75000 startups recognised so far
Union Minister for Commerce & Industry Shri Piyush Goyal on August 3 announced that India has achieved a landmark milestone, wherein 75000 startups have been recognized in the country. These numbers tell the power of a vision. A vision to Read More …
What is Regulation of Markets in Crypto-Assets, or MiCA?
In May 2022, the European Parliament and Council, the legislative arms of the European Union, came to a provisional agreement on regulations on crypto, namely, the Regulation of Markets in Crypto-Assets, or MiCA. Key highlights MiCA proposes to regulate crypto Read More …
Logistics Data Bank Project achieved a milestone of handling 50 million EXIM containers
NLDSL-NICDC Logistics Data Bank’s LDB Project has achieved a milestone of handling 50 million EXIM containers since its inception six years ago. Union Minister for Commerce and Industry Shri Piyush Goyal congratulated the entire team of NLDSL for achieving the Read More …
Eight Craft Villages taken up under ‘Linking textile with Tourism’
Major tourist places are being linked with handicrafts cluster and Infrastructure supports combined with soft interventions are being proposed under the “Linking Textile with tourism”. In this regard, 8 Craft Villages at Raghurajpur (Odisha), Tirupati (Andhra Pradesh), Vadaj (Gujarat), Read More …
PM launches India’s first International Bullion Exchange – IIBX at GIFT City
Prime Minister Shri Narendra Modi laid the foundation stone of the headquarters building of the International Financial Services Centres Authority (IFSCA) in GIFT City, Gandhinagar. He also launched the India International Bullion Exchange (IIBX), India’s first International Bullion Exchange in Read More …
Trend on Foreign Direct Investment (FDI) in India
India received the highest annual FDI inflows of USD 84,835 million in FY 21-22 overtaking last year’s FDI by USD 2.87 billion. Earlier, FDI inflows increased from USD 74,391 million in FY 19-20 to USD 81,973 million in FY 20-21. Read More …
Union Minister of Agriculture launches 11th Agriculture Census
The 11th Agricultural Census (2021-22) was launched in the country on July 28 by the Union Minister for Agriculture and Farmers Welfare, Shri Narendra Singh Tomar. Salient features This is the first time that data collection for agricultural census will Read More …
What is an Enforcement Case Information Report (ECIR)?
The Enforcement Case Information Report (ECIR) is an Enforcement Directorate document which is widely seen as similar to the police first information report. Unlike the Criminal Procedure Code, 1973 (CrPC), where an FIR is registered by the police under section Read More …
Household Consumption Expenditure Survey (HCES)
The Government of India has kicked off the process for conducting the quinquennial Household Consumption Expenditure Survey (HCES) in July 2022. This year the questionnaire for the survey has been tweaked to capture data on items received free from the Read More …
Supreme Court upholds ED power
The Supreme Court (SC) on July 27 said money laundering was a heinous crime that not only affects the social and economic fabric of the nation, but also tends to promote other heinous offences, such as terrorism, offences related to Read More …
ECGC introduces new scheme for small exporters
ECGC has introduced a new scheme to provide enhanced export credit risk insurance cover to the extent of 90% to support small exporters under the Export Credit Insurance for Banks Whole Turnover Packaging Credit and Post Shipment (ECIB- WTPC & Read More …
SEBI notifies social stock exchange (SSE) framework
The market regulator SEBI has notified a framework for the social stock exchange to provide social enterprises with an additional avenue to raise funds. Key highlights The framework for the Social Stock Exchange (SSE) has been developed on the basis Read More …