The Indian government is gearing up to invite applications under the Scheme for the Promotion of Manufacturing Electric Cars in India, which aims to attract global original equipment manufacturers (OEMs) by offering a 15% concessional import duty, significantly lower than the existing 70% rate. Announced in March last year, the scheme has undergone extensive consultations …
India is exploring a multi-sector bilateral trade agreement with the United States amidst growing global trade tensions. The move comes as the US, under former President Donald Trump’s leadership, sought to impose reciprocal tariffs, citing trade imbalances. According to reports, India’s tariff structure is shaped by its lower per capita income relative to developed nations, …
As per news reports, trade barriers, whether tariff-based or non-tariff, influence global commerce. However, according to a news report, non-tariff barriers impact trade 2.5 times more than tariffs, making them a crucial aspect of trade negotiations. These barriers include regulatory standards, licensing requirements, import quotas, and complex certification procedures, all of which add to the …
The Indian government has issued an order to block 119 apps available on the Google Play Store, with a majority linked to developers in China and Hong Kong. According to data disclosed by Google on the Lumen Database, a Harvard University-operated platform that tracks content removal requests, these apps primarily include video and voice chat …
The Securities and Exchange Board of India (SEBI) has proposed new technology-based security measures to enhance the safety of trading and demat accounts. These initiatives aim to prevent unauthorised transactions and fortify authentication mechanisms, ensuring a more secure trading environment for investors. Strengthening Authentication with SIM Binding SEBI has suggested implementing a SIM binding mechanism …
Midcap and smallcap mutual funds invest in medium- and small-sized listed businesses. Stocks ranked from 101st to 250th by market capitalisation fall under the midcap segment, while those ranked 251st and beyond are categorised as smallcaps. According to data from the Association of Mutual Funds in India (AMFI), eight top-performing midcap and smallcap funds have …
Timely Deployment of NFO Funds The Securities and Exchange Board of India (SEBI) has set a clear timeline for deploying funds raised through NFOs. According to a notification issued on February 14, mutual fund schemes must utilise the collected funds within a period specified by SEBI. This decision follows an earlier board resolution in December, …
Delhi’s newly elected Chief Minister, Rekha Gupta, has assured that the Bharatiya Janata Party (BJP) government will fulfil its election promise of providing ₹2,500 per month to women, according to news reports. This announcement positions Delhi’s financial assistance scheme ahead of similar initiatives in other states, such as Maharashtra’s Ladki Bahin Yojana and Madhya Pradesh’s …
The Insurance Regulatory and Development Authority of India (IRDAI) has introduced a significant change in the way policyholders can pay their insurance premiums. Under the new facility called Bima Applications Supported by Blocked Amount (Bima-ASBA), customers can now ‘block’ the required premium amount in their bank accounts. This amount is deducted only when the policy …
Reliance seems to be everywhere in the news these days—from telecom and streaming with the new Jio Hotstar platform, to toys and fast fashion, making headlines across industries. With so many ventures under its umbrella, it’s easy to get confused about what’s changing and how it affects you. One of the latest buzzworthy topics is Jio …
