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The Pension Fund Regulatory and Development Authority (PFRDA) has introduced the NPS Tier II Default Scheme exclusively for Government Sector subscribers. With this, the Government sector subscribers under NPS will be given an additional investment option of the Default Scheme along with the existing Scheme E/Scheme C/Scheme G investment options.

India's limited participation in global value chains (GVCs) hampers its export potential, despite possessing substantial manufacturing capabilities across various GVC-relevant product categories. The integration of Indian companies in the GVCs is fundamental as about 70 per cent of global trade operates within these chains, encompassing a wide range of products, from electronics and machinery to pharmaceuticals and apparel. «India's weak GVC integration can be attributed to poor trade infrastructure, causing delays at ports and customs, which are detrimental to the timely flow of goods in these intricate value chains,» GTRi Co-Founder Ajay Srivastava said. Countries like China, Japan, South Korea, Thailand, and Malaysia have excelled in GVCs due to investments in quality trade infrastructure. The GTRI report has recommended six action points to the government which can help boost the participation of domestic firms in GVCs. The suggestions include automating port and customs procedures, and implementation of green channel clearances for 99 per cent of shipments; analysing the top 10,000 exporters responsible for 85 per cent of India's exports; matching global best practices for ship turnaround times, reducing queues, speeding up transactions, and optimizing infrastructure use; and enhance communication between traders and shipping companies, port operators, and Container Freight Stations (CFS). The report asked for creation of an online platform for all export-import compliance processes. «National Trade Network (NTN) would enable exporters to submit all required information and documents in one place, eliminating the need to interact separately with customs, DGFT (directorate general of foreign trade), shipping

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SCL) in Mohali is underway and a committee has been formed to assess the bidders, a senior government official told ET. On September 22, the ministry of electronics & information technology (MeitY) issued an expression of interest (EoI) seeking commercial and technology players with necessary technological and operational expertise to modernise SCL.

Cricket World Cup. TV makers, including LG Electronic, Panasonic and Thomson, expect increased number of replacements of conventional and small-size TV screens with large-size smart TV panels above 55-inch screen size.

NEW DELHI, MUMBAI : The race to dominate the electric vehicle (EV) market has triggered a dash for talent, as automakers and others in the ecosystem seek out experienced professionals to develop capabilities in green mobility. Industry executives said that companies are trying to attract and retain professionals skilled in battery management systems, fuel cells and core engineering with pay hikes, retention bonuses and counter-offers. Leading Indian automakers are introducing new EV models, and startups are coming up with innovative electric mobility solutions, even as the government works to reduce carbon emissions.

₹17,000 crore production linked incentive (PLI) scheme for IT hardware manufacturing, said a report by news agency PTI citing a government official. “Around 30-32 company may qualify for the (IT hardware PLI scheme.

production linked incentive scheme for IT hardware, according to a government official. As many as 40 companies, including Dell, HP, and Lenovo, have applied for the IT hardware PLI (production linked incentive) scheme with a commitment to make personal computers, laptops, tablets, servers and other equipment worth Rs 4.65 lakh crore during the scheme period. «Around 30-32 company may qualify for the (IT hardware PLI) scheme.

Amit Shah on Sunday said the three proposed criminal laws are people-centric, have the flavour of Indian soil and their main purpose is to protect the constitutional, human and personal rights of citizens. Addressing the International Lawyers' Conference organised by the Bar Council of India here, Shah also said the approach of the three bills is also to provide justice rather than mete out punishment. He appealed to all lawyers in the country to provide their suggestions to the Bharatiya Nyaya Sanhita (BNS-2023), Bharatiya Nagarik Suraksha Sanhita (BNSS-2023) and the Bharatiya Sakshya Adhiniyam (BSA-2023) so that the country can have the best laws that benefit all. The three bills, which were introduced in the Lok Sabha on August 11, will replace the Indian Penal Code, 1860, Criminal Procedure Act, 1898, and the Indian Evidence Act, 1872 respectively. «India's criminal justice system was imprinted with colonial law.

cricket World Cup tournament is coinciding with the festival season in India for the first time after 1987, and the industry expects the country's most popular sport to act as a catalyst, leading to growth in sales of TV, especially with bigger screen sizes as well as audio products such as battery-powered party speakers, soundbars, wireless headphones and ear buds. TV makers, including LG Electronic, Panasonic and Thomson, expect increased number of replacements of conventional and small-size TV screens with large-size smart TV panels above 55 inch screen size. Premium and ultra-premium ranges of QLED and OLED TVs are also expected to be in much demand during the World Cup from October 5 to November 19. The industry expects overall sales growth of 18 to 20 per cent, and in continuation of the previous year a higher growth of over 30 per cent from premium products such as large screen TVs, higher capacity refrigerators and washing machines. Like in earlier season, the industry is gearing up with offers and interest-free finance schemes to woo customers with new launches along with high-decibel 360 degree campaigns.

Micron broke ground for its $2.75-billion (Rs 22,854 crore) chip packaging plant at Sanand in Gujarat on Saturday, marking a significant milestone in India’s goal to emerge as a hub for global semiconductor manufacturing. The Idaho-headquartered company, which had announced its intent to invest in India during Prime Minister Narendra Modi’s trip to the US in June, received a fast-track approval for its proposal, becoming the first overseas company to commence construction under the ambitious $10-billion India Semiconductor Mission.

Telecom Regulatory Authority of India (Trai) has recommended that the applicable gross revenue of telecom operators be reduced against the indigenous networking and telecommunications equipment (NATE) volumes procured in their respective networks. In the list of recommendations on ‘Promoting Networking and Telecom Equipment Manufacturing in India’ released by the sector regulator on Saturday, it has also suggested the introduction of local value addition norms in performance linked incentives scheme (PLI scheme), tax relief as part of fiscal incentives, and setting up a dedicated master fund towards to address the relative cost disability faced by the industry, among others. “It has been recommended that Government should follow a nudge approach and Telecom Service Providers (TSPs) should be incentivised to deploy indigenously manufactured equipment by reducing their Applicable Gross Revenues on annual net basis, by an amount equivalent to the aggregate certified value of indigenous NATE deployed in respective telecom networks during a financial year,” Trai said. It has recommended the establishment of a dedicated master fund – the NATEDF — Networking and Telecommunications Equipment Development fund along the lines of the Electronics Development Fund (EDF). This fund should provide for venture capital funding in public-private partnership mode to start-ups in need of accelerator support. “For the same, at least 15% of NATEDF's total pool of Rs 10,000 crores should be earmarked as Committed Public fund for Daughter fund(s) for innovation practice,” Trai said. Trai also said that telecom software should be recognised as a separate category, and suggested setting up a dedicated fund, Telecom Software Development Fund.

Green Hydrogen Fuel Cell Bus at Kartavya Path in Delhi on September 25. Green Hydrogen, produced using renewable energy sources, holds the potential to play a pivotal role in low-carbon and self-reliant economic pathways, read the Ministry Petroleum and Natural Gas press release. It offers the prospect of harnessing domestically abundant renewable energy resources year-round and across various sectors, either as a fuel or an industrial feedstock. Green Hydrogen has the capacity to replace fossil fuel-derived feedstocks in industries like petroleum refining, fertilizer production, and steel manufacturing, read the press release. Fuel cell technology, powered by hydrogen, is emerging as a significant component of the e-mobility landscape. The electrochemical reaction in a fuel cell converts hydrogen at the anode and oxygen from the air at the cathode into water, releasing electrical energy in the form of electrons, read the press release. Fuel cells boast remarkable efficiency compared to other mobility solutions and provide distinct advantages such as extended range and shorter refuelling times in comparison to battery-powered vehicles. Hydrogen gas is stored onboard in cylinders, typically at a pressure of 350 bar. IndianOil has embarked on a scientifically designed program to conduct operational trials of 15 Fuel Cell buses fueled by Green Hydrogen on specific routes in Delhi, Haryana, and Uttar Pradesh, read the press release. The launch of the first set of two fuel cell buses from India Gate on September 25, 2023, marks a significant milestone in this endeavour. This program represents India's maiden initiative to dispense green hydrogen at 350 bar for operating fuel cell buses. Additionally, IndianOil has established

₹17,000 crores. This has now soared to ₹3,65,000 crores.

Multibagger stock: Apollo Micro Systems Ltd shares are one of the small-cap stocks under ₹100 that have delivered whopping return to its positional investors. The small-cap company has informed Indian exchange that it has incorporated its subsidiary company Apollo Defence Industries Private Limtied.

Newjaisa Technologies IPO: The initial public offering (IPO) of Newjaisa Technologies Limited is going to hit primary market on 25th September 2023 o.e. on Monday next week. The book build issue has been priced at ₹44 to ₹47 per equity share and it will remain open for bidding till 27th September 2023.

Lok Sabha elections should be held on paper ballots and not on Electronic Voting Machines (EVMs). While speaking to news agency ANI, Tiwari said, “Democracy is too precious to be left to technology.

Indian defence sector registered an impressive growth of 12% year-on-year in the financial year ended March 2023. Strong order books led by increased government spending on defence and high exports contributed to this growth. However, this wasn’t the case ten years back.

COVID-19 pandemic, and potential interruptions to the academic schedule hindered their organization in 2022. Chander Shekhar, the chief election officer overseeing these elections, disclosed that the voter turnout at the university stood at 42 percent. Approximately one hundred thousand students were eligible to cast their votes in the election.

PAN card or Aadhaar Card. So you can buy gold upto Rs.

ISRO) preps to revive Chandrayaan-3's Vikram lander and rover from 'sleep mode' after almost two weeks, Nilesh M Desai, Director, Space Applications Centre (SAC) on Friday said that the 'revival' of the lander and the rover is «automatic» and cannot be nudged from the Earth. The Director of the Space Applications Centre, one of the major centres of the Indian Space Research Organisation (ISRO), said that signals will come as soon as the solar-powered lander and rover are charged because of the sunrise, which happened in the lunar surface on September 22. However, Desai said that till now no signals have come and that the efforts to establish contact with the Chandrayaan-3's lander Vikram and the rover Pragyan are underway. «As it is clear in ISRO's tweet, efforts are on to establish contact with the Lander and the Rover. It will automatically revive and send signals.