On January 10, the National Payments Corporation of India (NPCI) paved the way for international (phone) numbers to be able to transact using UPI. A day later, the Union Cabinet approved an incentive scheme for the promotion of RuPay debit Cards and low-value BHIM-UPI transactions (person-to-merchant) in FY 2022-23. The …
Read More »Daily Archives: February 2, 2023
JUDICIAL MAJORITARIANISM
As the recent majority judgment of the Supreme Court on demonetisation comes under criticism, the minority judgment by J. Nagarathna is being hailed for its challenge to the RBI’s institutional acquiescence to the Central government. This questions our blind acceptance of numerical majorities in judicial decision-making. What is judicial majoritarianism? …
Read More »INDIA, U.S. STEP UP STRATEGIC TIES WITH TECH PLAN
India and the U.S., on Tuesday, launched a programme to enhance their strategic partnership with delegations led by National Security Adviser (NSA) Ajit Doval and his American counterpart, Jake Sullivan, meeting in Washington for the inaugural dialogue of the Initiative on Critical and Emerging Technologies (iCET). The two sides announced …
Read More »UNION BUDGET, A MIXED BAG FOR T.N.
The Union Budget for 2023-24, presented by Finance Minister Nirmala Sitharaman on Wednesday, is a mixed bag for Tamil Nadu. It is silent on extending the GST compensation period and the measures that the State had sought. The Tamil Nadu government had sought an extension of the GST compensation period …
Read More »MAJOR THRUST PLANNED FOR GREEN ENERGY
Underlining a commitment to accelerate the Indian economy’s transition to green energy, Union Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday mentioned a slew of schemes aimed at promoting clean energy and sustainable living. She said green energy was among the Saptarishi or seven guiding lights that would steer India …
Read More »ALLOCATION OF ₹7,000 CR. FOR PHASE 3 OF E-COURT
Finance Minister Nirmala Sitharaman allocated ₹7,000 crore for the introduction of Phase III of the eCourts Project that aims at efficient administration of justice. Union Law Minister Kiren Rijiju, in a series of tweets, thanked Prime Minister Narendra Modi, the Finance Minister as well as Chief Justice of India D.Y. …
Read More »TOURISM TO GO INTO MISSION MODE
Up to 50 new tourist destinations will be developed; an information-driven app created for tourists and ‘Unity Malls’ will be set up in State capitals to showcase handicrafts and products with geographical indication (GI) status. These are among the slew of measures announced in the Union Budget for promotion of …
Read More »MOBILE PHONES, TVS TO GET CHEAPER
1 of 2 Shot in the arm: Import of capital goods, machinery required to make lithium-ion cells for EV batteries get duty exemption. Reuters With a view to promoting exports, boosting domestic manufacturing, and enhancing value addition, the Union Budget has proposed a number of changes to the Customs Duty regime which is likely …
Read More »SUMMARY OF THE UNION BUDGET 2023-24
In the 75th year of India’s Independence, the World has recognized the Indian Economy as a ‘bright star’ as the Economic Growth is estimated at 7 per cent, which is the highest among all major economies, in spite of the massive global slowdown caused by COVID-19 and Russia-Ukraine War. This …
Read More »G-20 WORKSHOPS ON AGRICULTURE INFRASTRUCTURE FUND (AIF)
On the occasion of India’s presidency of the G-20, through the theme ‘One Earth, One Family, One Future’, a one-day workshop on Agriculture Infrastructure Fund (AIF) and Madhya Pradesh Farm Gate App is being organized on February 02, 2023 at Noronha Administrative Academy, Bhopal and on February 8, 2023 at …
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