Welspun One Logistics Parks (WOLP), a pan-India integrated fund, development, and asset management platform, part of the USD 3.5 billion Welspun Group, has signed a Memorandum of Understanding (MoU) with Guidance – the Government of Tamil Nadu’s nodal agency, for investment promotion and single window facilitation. A statement informed, “This is towards setting up warehousing…
Hash, a D2C millennial cigarette brand, has announced that it has raised close to US$ 3.5 million (INR 25 crores) in recently concluded angel round. The round, that was led by Amrac Investment Trust, also saw participation by marquee angels – Kunal Shah (Founder, Cred, ex-Freecharge), Jitendra Gupta (Founder and CEO, Jupiter), Ashneer Grover (Co-Founder…
The Haryana Governor has approved a bill that reserves 75 percent of the jobs in private sector with gross salary up to ₹ 50,000 per month for the locals, as informed by the Deputy Chief Minister – Dushyant Chautala. The state assembly has passed the legislation last year. Speaking to reporters, the Deputy Chief Minister…
The Union Cabinet has approved a Production Linked Incentive (PLI) scheme for telecom and networking products. The financial outlay for the new scheme is Rs 12,195-crore over five years. The scheme has been approved for products such as core transmission equipment, 4G/5G Next Generation Radio Access Network and Wireless Equipment, Access & Customer Premises Equipment…
ITI Limited, a telecom equipment manufacturing PSU company, has said that Rakesh Chandra Tiwari has taken over as Director (Marketing). Tiwari is an Indian Telecommunication Service officer of 1985 batch. He holds more than three decades of rich and diversified experience in Telecom Management, Switch Installation, Quality Assurance, Network Planning & Operations, among others, the…
SuneetSharma, has taken over the charge of new Chairman & Chief Executive Officer (CEO), Railway Board (Ministry of Railways) and ex-officio Principal Secretary to Government of India. The appointments committee of the Cabinet has approved the appointment of Suneet Sharma as Chairman & CEO of Railway Board. Prior to this, he worked as General Manager,…
The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, has given its approval for Atmanirbhar Bharat RojgarYojana (ABRY) to push hiring in the formal sector and incentivize creation of new employment opportunities during the Covid recovery phase under Atmanirbhar Bharat Package 3.0. Cabinet has approved an expenditure of Rs.22,810 crore for the entire…
The Union Education Minister – Shri Ramesh Pokhriyal ‘Nishank’ has set up a task force for preparing a roadmap on imparting technical education in Mother Tongue. He informed that the task force set up under the chairmanship of Secretary, Higher Education will take into consideration the suggestions made by various stakeholders and will submit a…
The government owned engineering and manufacturing company has announced appointment of Ms Renuka Gera as its Director (Industrial Systems & Products) from December 1, 2020.
As a step towards capacity building of all civil service officials, the Government of India has recently launched Mission Karmayogi- National Programme for Civil Services Capacity Building
In the view of the current crisis due to COVID-19, the government has decided that the Dearness Allowance payable to employees of central public sector enterprises (CPSEs), shall not be paid. The additional allowance due from Oct 1, 2020, will also not be paid. “In the view of the crisis arising out of COVID-19, it…
The EPFO gained 14.90 lakh net subscribers in September 2020, raising its user base by about 30.92 lakh in the first two quarters of the current financial year: says Labour Ministry data Net new enrolments with retirement fund body EPFO rose to 14.9 lakh in September from 8.8 lakh in August 2020, according to its…
Government to pay Productivity Linked Bonus and non-Productivity Linked BonusThe Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the payment of Productivity linked Bonus for the year 2019-2020. This will cover 16.97 lakh non-gazetted employees of commercial establishments such as Defence, Posts, Railways, ESIC, EPFO etc and the financial implication would…
After imposing a ban on 59 Chinese mobile applications, the Indian government is reportedly reviewing around 50 investment proposals involving Chinese companies under a new screening policy. The development was first reported by Reuters citing sources close to the matter. Earlier in April, the New Delhi government had tweaked its Foreign Direct Investment policy, making…
Amid an ongoing border crisis between India and China, the Indian government announced that it is banning about 59 apps with Chinese origin in the country. The recent announcement from the New Delhi government comes just days after 20 Indian soldiers were martyred in a violent clash at the Galwan Valley near the Line of…