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Govt will continue with nextgen economic reforms in 3rd term: Nirmala Sitharaman

Govt will continue with nextgen economic reforms in 3rd term: Nirmala Sitharaman

by AIP Online Bureau | Feb 29, 2024 | Eco/Invest/Demography, Indian News, Policy

She said the government was looking at expansion in artificial intelligence, space and extending policy support to give a big push to precious metals and semiconductors,” said Union Finance Minister Nirmala Sitharaman New Delhi: The Narendra Modi-led government will...

2 crore tokens for OPD registrations generated through ABHA-based scan and share service: Govt

by AIP Online Bureau | Feb 28, 2024 | Data, Eco/Invest/Demography, Health, Technology

The service is currently operational in over 3,860 healthcare facilities across 465 districts in 33 states and Union territories. On an average, one lakh patients use the scan and share service daily and save time spent in queues, the statement stated The service is...
Govt highlights GIFT City as funding destination for Startups

Govt highlights GIFT City as funding destination for Startups

by AIP Online Bureau | Feb 28, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation

”So far, the startup founders have largely used VC from abroad for funding. The government would prefer that they use other avenues for funding including the offshore financing framework that we set up in GIFT City,” Rajesh Kumar Singh, the secretary of...

Govt may look at enhanced KYC requirements for certain class of corporates

by AIP Online Bureau | Feb 26, 2024 | Eco/Invest/Demography, Indian News, Policy, Regulation

As many as 26,28,865 companies were registered in the country as on January 31, 2024, and out of the total, 16,65,438 companies, or 63 per cent were active, as per the latest official data New Delhi: The matters related to KYC (Know Your Customer), including a...

Indians spending less on food, more on discretionary items -government survey

by AIP Online Bureau | Feb 25, 2024 | Data, Eco/Invest/Demography

Household Consumption Expenditure Survey estimates average rural consumer spending rose to Rs 3,773 ($45.54) a month per person for the 12 months through July from Rs 1,430 in the previous survey in 2011-2012, while urban spending rose to Rs 6,459 ($77.95) from Rs...
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