Flipkart and DPIIT Collaborate to Boost India’s Startup Ecosystem Introduction: A Strategic Collaboration to Foster Growth In a significant move to support India’s growing startup ecosystem, Flipkart, a leading e-commerce giant, has partnered with the Department for Promotion of Industry and Internal Trade (DPIIT) to promote and empower startups across the country. This collaboration is…
GST Collection on Health and Life Insurance Sees a Significant Surge The Goods and Services Tax (GST) collection from the health and life insurance sector has witnessed a remarkable rise, reflecting a growing demand for insurance products and increased financial inclusion. This development highlights the sector’s pivotal role in India’s economy and its importance for…
PM Modi Kicks Off Historic Cooperative Conference in India On November 25, 2024, Prime Minister Narendra Modi inaugurated a historic conference focused on cooperative development in India. This high-level event, aimed at discussing and formulating strategies to strengthen the cooperative sector, brings together key stakeholders from the government, industry, and civil society. The conference also…
State Bank of India Raises $500 Million via Five-Year Bonds Introduction: SBI’s $500 Million Bond Issuance The State Bank of India (SBI), one of India’s largest public sector banks, has successfully raised $500 million through the issuance of five-year bonds. This move highlights SBI’s robust financial standing and its efforts to diversify funding sources. The…
Which District of Haryana is Known as the “City of Gold”? Introduction: The City of Gold in Haryana Haryana, a state known for its rich history, cultural heritage, and industrial development, is home to a district famously known as the “City of Gold.” The district in question is Gurugram, also historically known as Gurgaon. This…
India’s Exports Soar by 17% in October, Trade Deficit Hits $27 Billion India’s export performance in October 2024 has shown remarkable growth, with exports soaring by 17% compared to the previous year. This growth has been attributed to strong demand for goods in key sectors, including petroleum products, chemicals, engineering goods, and textiles. The overall…
SBI Mutual Fund Surpasses ₹10 Lakh Crore in AUM: A Milestone in the Financial Sector SBI Mutual Fund, a prominent player in India’s asset management industry, has recently achieved a significant milestone by surpassing ₹10 lakh crore (₹10 trillion) in assets under management (AUM). This landmark achievement positions SBI Mutual Fund as the largest mutual…
Gujarat’s Ekta Nagar Receives ₹284 Crore Boost as PM Unveils Key Projects In a significant development for Gujarat, Prime Minister Narendra Modi recently inaugurated several key projects aimed at enhancing infrastructure and promoting tourism in Ekta Nagar, located in the Narmada district. During this event, the Prime Minister announced a substantial financial boost of ₹284…
UPI Transactions Reach Record High in October with ₹23.5 Trillion in Value In a remarkable display of digital financial growth, the Unified Payments Interface (UPI) in India has achieved a significant milestone, recording a staggering transaction value of ₹23.5 trillion in October 2024. This achievement highlights the growing acceptance and reliance on digital payment systems…
Rajasthan Government Launches Scheme to Lure Investments The Rajasthan government has recently introduced a groundbreaking initiative aimed at boosting investments in the state. The scheme, designed to enhance the state’s business climate, aims to attract both domestic and foreign investors. With the objective of promoting economic growth and job creation, this initiative is a crucial…
