Author: Shambhavi Sinha

In order to ensure benefits reach the poor and underprivileged, income taxpayers will not be allowed to join Atal Pension Yojana starting October 1, 2022. The Atal Pension Yojana is a social security programme for citizens aged 18 to 40 that was introduced in 2015. Depending on their contributions, subscribers receive a guaranteed monthly pension of between Rs 1,000 and Rs 5,000 when they reach 60. To ensure that the benefits of the Atal Pension Yojana (APY) reach the poor and disadvantaged, the Centre will prohibit income taxpayers from joining the programme as of October 1 of this year. The…

On August 10 and 11, the French contingent was welcomed for a brief technical halt at Air Force Station Sulur while on a long-distance deployment from Paris to the Pacific Ocean. As part of a mega military operation it conducted in the Pacific Ocean, a French Air and Space Force contingent, which included three Rafale jets, made a strategically significant stopover at the Indian Air Force’s Sulur base in Tamil Nadu. The assistance given by the Indian Air Force to the French force was a direct result of the reciprocal logistics support contract that France and India inked in 2018…

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Sticking to the Housing for All agenda, PNB Housing has revamped its ‘Unnati’ loan portfolio to offer Rs 9-12 lakh as affordable loans which will be different from the existing Rs 18-19 lakh. According to MD & CEO Hardayal Prasad, PNB Housing Finance is redesigning its “Unnati” loan portfolio to expand into the affordable housing market and target consumers who require loans between Rs 9 to 12 lakh. A minor vertical under Unnati that will be distinct from the current Rs 18–19 lakh affordable home loans has been formed by PNB Housing. They are establishing a complete infrastructure. In the…

According to a report, India is looking to block Chinese firms from vending smartphones below the Rs. 12,000 segment. The efforts are directed towards helping the faltering local brands. In an attempt to revive its flagging domestic sector, India seeks to forbid Chinese smartphone manufacturers from retailing products for less than Rs 12,000 ($150). This could hurt companies like Xiaomi Corp. According to those with knowledge of the scene, the initiative aims to drive Chinese companies out of the second-largest mobile market worldwide’s lower section. They affirmed, while requesting anonymity because they were handling a delicate subject, that it corresponds…

India’s mission “Samudrayaan” aims at exploring the ocean as deep as 6000 m, and encouraging the growth of the blue economy in the country. India has undertaken the mega ocean mission “Samudrayaan” in an effort to unravel the mysteries hidden within the deep sea. The nation plans to deploy a team of experts into the ocean’s depths to conduct numerous deep underwater investigations. The Samudrayaan Mission aims to create a self-propelled manned submersible that can carry three people and a variety of scientific sensors and tools for deep ocean exploration to a depth of 6,000 metres in the ocean. Its…

While return to office trends are highest in telecom and consulting sectors, the IT and new technology sectors are lagging. According to a survey by Colliers and Awfis, the majority of employees in the telecom and consulting sectors have returned to work with a considerable drop in COVID-19 cases, but the IT sector is trailing. The joint analysis by co-working operator Awfis and property consultant Colliers India examines the state of return to work in several industries. According to the report, the return-to-office movement gathered steam in February as the third wave of COVID-19 began to wane. As a result,…

With many countries already struggling with soaring food prices, India’s faltering rice production will affect food security in countries that import rice from the nation. Since India, by far the world’s largest exporter has had a lack of rain in some areas, planting areas for rice have shrunk to their smallest size in nearly three years. This could pose a new challenge to the global food supply. At a time when countries are struggling with soaring food prices and widespread inflation, India’s capability to produce rice is at risk. Due to a scarcity of rainfall in some regions, particularly West…

In an exposure draft released by Irdai, a single cap of 30 percent of the gross premium is proposed. Non-life insurers cannot spend an amount exceeding that as a company expense during the financial year. A single cap for the expenses of general and health insurance companies has been recommended by the Insurance Regulatory and Development Authority of India. Non-life insurers, particularly private players, should feel relieved as a result of this action. Non-life insurers are not permitted to spend an amount exceeding 30 percent of the gross premium written as a company expense during a particular fiscal year. This…

DGCA chief Arun Kumar ensures that the Indian aviation sector is safe, stating that the technical difficulties faced are routine and occur in all types of fleet in all airlines. Arun Kumar, the chief of aviation watchdog DGCA, stated on Sunday that technical difficulties encountered by domestic carriers in recent weeks did not have the capacity to cause major disruptions and that even foreign airlines that flew into India reported 15 technical complications in the previous 16 days, which have been attended to and fixed. According to him, the nation’s civil aviation space is completely safe and adheres to all…