DPIIT Reports Over 7 Million Transactions on ONDC Platform in April The Department for Promotion of Industry and Internal Trade (DPIIT) recently announced a significant milestone for the Open Network for Digital Commerce (ONDC) platform, revealing that it facilitated over 7 million transactions in the month of April alone. This accomplishment underscores the growing adoption…
Mahindra & Mahindra Sign MoU with MSDE for Drone Didi Pilot Project Introduction: Mahindra & Mahindra, one of India’s leading automotive manufacturers, has recently inked a Memorandum of Understanding (MoU) with the Ministry of Skill Development and Entrepreneurship (MSDE) to launch the Drone Didi pilot project. This initiative aims to empower women in rural areas…
RBI Approves REC to Establish Subsidiary in GIFT City The Reserve Bank of India (RBI) has recently granted approval to Rural Electrification Corporation (REC) to establish a subsidiary in the Gujarat International Finance Tec-City (GIFT City). This move comes as a significant development in the financial sector, particularly in the realm of infrastructure financing. Why…
Shashi Bhushan Singh Appointed Secretary of National Jute Board In a recent development, Shashi Bhushan Singh has been appointed as the Secretary of the National Jute Board (NJB). This decision comes as a significant move in the administration of the jute industry, which holds immense importance in India’s economic landscape. Shashi Bhushan Singh, an experienced…
Government, SBI Cards, and Telcos Collaborate to Combat OTP Frauds In a significant move towards enhancing cybersecurity and combating OTP frauds, the Government of India has joined hands with SBI Cards and major telecom companies. This collaboration aims to implement stringent measures to safeguard users’ financial transactions and personal data. With the rise in digital…
India’s Pharmaceutical Exports Surge to $28 Billion in FY24 India’s pharmaceutical exports have seen a significant surge, reaching $28 billion in the fiscal year 2023-24. This growth marks a substantial increase compared to previous years and underscores India’s position as a global leader in the pharmaceutical industry. The remarkable expansion in exports is attributed to…
Rupay Launches “Link It Forget It” Campaign at IPL 2024 to Promote Credit Card on UPI In a strategic move aimed at tapping into the burgeoning digital payment market in India, Rupay has launched its innovative “Link It Forget It” campaign during the IPL 2024 season. The campaign aims to promote the usage of credit…
Airtel Payments Bank Launches NCMC-Enabled Debit and Prepaid Cards Airtel Payments Bank, one of India’s leading digital banks, has recently unveiled National Common Mobility Cards (NCMC)-enabled debit and prepaid cards. This move aims to facilitate seamless transactions for users across various segments, including transportation, retail, and online shopping. The introduction of NCMC-enabled cards marks a…
Permanent Education Number (PEN) Required for Students Starting Academic Year 2024-25 In a significant development aimed at streamlining the education system, the Indian government has mandated the use of Permanent Education Numbers (PEN) for students commencing the academic year 2024-25. This initiative, set to revolutionize student tracking and data management, comes as part of broader…
India’s Electronics Exports Surge to $29.12 Billion in FY24 India’s electronics exports have witnessed a remarkable surge, reaching a staggering $29.12 billion in the fiscal year 2023-24. This significant uptick reflects the country’s growing prowess in the global electronics market. As the world increasingly relies on technology, India’s expanding export footprint in this sector underscores…
