Author: Yash Mundada

Yash is a law student at Gujarat National Law University. With a keen interest in Business, Politics and Finance he is here to present facts as they are.

ONDC likely to hit food delivery platforms - Asiana Times

The ONDC is likely to hit the business model of major food delivery platforms due to excessive competitive pricing offered by the open network platform Image source: Latestly The ONDC is likely to hit the businesses of several food delivery platforms and aggregators like Swiggy and Zomato because of extremely competitive pricing offered by the platform. The Open Network for Digital Commerce (ONDC) which was launched in Nov 2021 by Department for Promotion of Industry and Internal Trade (DPIIT) is a non-profit organization by the government of India to end the dominance of large tech platforms and to provide opportunities…

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Land acquisition for Mum-Ahm Bullet train nears completion - Asiana Times

Image source: DNA india The Land Acquisition process for the Mumbai-Ahmedabad Bullet train project which is alternatively known as MAHSR has reached near 100%, a major news agency has reported. The NHSRCL which was formed as a ‘Special Purpose Vehicle’ to finance, construct and maintain the Bullet train project between Gujarat and Maharashtra has said that 99.75% of Land Acquisition is completed in Maharashtra while 98.91% Land Acquisition is completed in the state of Gujarat. The data shared by NHSRCL also reports that 100% Land acquisition is completed in the union territory of Dadar and Nagar Haveli. The Land Acquisition…

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Govt receives 9 EOIs for development of International Transshipment Port in Great Nicobar - Asiana Times

The Govt has received 9 Expression of Interests for the development of the International Container Transshipment Port at the Great Nicobar Island, said a senior government official to a major news agency. The government had asked for EOIs in January 2024 from the relevant companies for the development of the project in Galathea Bay of Great Nicobar in Nicobar Islands. The Rs. 41000cr project was announced by the government as a part of its ‘Holistic Development of Andaman and Nicobar Island’ program launched last year. It is a Rs. 72000cr project aimed at the development of Andaman and Nicobar Island.…

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Aristocrat whisky maker Jagajit industries to set up 200 KLPD grain based ethanol manufacturing plant in Punjab - Asiana Times

Image Source: NewsDrum Jagajit industries which is known for its products such as whisky, Indian Made Foreign Liquor (IMFL), beer and country liquor has made an announcement to set up a grain based ethanol manufacturing plant in Kapurthala, Punjab for a total cost of 210 crores. The decision which was made by the top officials of the company in July 2022 has received the environmental clearance and nod from the Ministry of Environment, Forest and Climate change. The plant which is expected to manufacture 200 KLPD of ethanol is to be set up in 25 acres of area in Hamira…

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Karnataka Elections

Image Source: NDTV.com The Bhartiya Janata Party has released its election manifesto ahead of the Karnataka elections which go to polls on 10th May and results of which are expected to be declared on 13th May. The 48 page election manifesto titled ‘Karnataka Praja Pranalike’ included UCC and NRC among other key promises. BJP President JP Nadda while presenting the manifesto along with Chief Minister Basavaraj Bommai and BS Yediyurappa said that only the ‘Double Engine’ model of the BJP is capable of providing growth to Karnataka. While terming the model of Congress and JD(S) as ‘trouble engine’ Nadda said…

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India overtakes Saudi Arabia to become Europe’s top refined crude oil supplier - Asiana Times

Image source: RajivSutrani on Twitter India has overtaken Saudi Arabia to become the largest refined crude oil exporter to Europe a year after it announced sanctions on import of Russian crude oil. A recently released data by Kpler research has shown that India has overtaken Saudi Arabia to become largest exporter of refined crude oil to Europe. The daily crude oil imports from India to Europe has touched around 3,60,000 bpd which is the highest ever refined crude oil imports from India. India which imports majority of its crude oil i.e. 44% of its total requirements from Russia increased its…

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Twitter to allow media organizations to charge users on per article basis - Asiana Times

Image source: NPR Elon Musk, the CEO of micro blogging site twitter has recently informed via a tweet that media organizations will be able to charge users on a per article basis instead of users buying a subscription of the platforms. In a move that he has claimed as a ‘win-win’ for both users and media organizations, the CEO has said that it will allow media companies to generate more revenues and users to access any particular article without paying for a subscription. While information regarding commission cut, eligibility criteria and other important details are yet to be released by…

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PM urges women to enroll for Mahila Samman Certificate            Scheme - Asiana Times

Image source: Jagran Josh Recently PM Narendra Modi has urged women to enroll for the Mahila Samman Savings Certificate that will strengthen the ‘Nari Shakti’ of the nation. In quoting a tweet by Women and Child development Minister Smriti Irani where she was seen in a post office New Delhi enrolling for the scheme the PM said, “I also urge more women to enroll for MSSC. It offers many advantages for our Nari Shakti.” Image source: Value Research Mahila Samman Saving Certificate (MSSC) is a one-time investment scheme for women launched by the Finance Minister while presenting the budget for…

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Image source: business league A senior DPIIT official has said to a major news agency that the govt. has so far released Rs 2874 crores for the PLI scheme launched in 2020. Rajeev Singh Thakur, Additional Secretary, DPIIT said that out of 14 sectors for which the PLI scheme is available 8 sectors are doing well and others sectors need to be ramped up soon. Sectors such as Large-scale automobiles, Pharma, textile, electronics are doing well and majority of companies in these sectors have received majority of benefits of the flagship PLI scheme. The official said out of the total…

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