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India, the world’s third-largest energy consumer, is making significant strides towards becoming a premier manufacturing hub for electric vehicles (EVs). The Indian government has introduced a new scheme aimed at attracting foreign investments and accelerating the adoption of EVs, with a particular focus on enticing global players such as Tesla. This policy framework, coupled with Tesla’s potential entry into the…
In 2024, Indian business magnate Gautam Adani and Uber CEO Dara Khosrowshahi initiated discussions aimed at fostering a strategic partnership to expedite the adoption of electric vehicles (EVs) in India. This collaboration holds significant promise in revolutionising the landscape of mobility within the country. Let’s delve into the nuanced details of this exciting venture and its far-reaching implications. A Prelude…
The Credit Guarantee Scheme for Startups (CGSS) aims to provide credit guarantees to loans extended by Member Institutions (MIs) for financing eligible borrowers, specifically startups. These startups are defined in the Gazette Notification issued by the Department for Promotion of Industry and Internal Trade (DPIIT) and are amended from time to time1. Here’s an overview of the scheme: Objective: The CGSS ensures that startups have access to credit…
The concept of the Pink Tax has gained significant attention in recent years, shedding light on the pricing disparities based on gender. This phenomenon refers to the extra amount women often pay for everyday products and services compared to men, perpetuating gender stereotypes and contributing to economic inequality. In this article, we will delve into the understanding of the Pink…
The journey of Dilkhush Kumar and Siddharth Shankar Jha, the founders of RodBez, is one of remarkable determination, innovation, and resilience. Born and raised in Bihar, Dilkhush Kumar’s early struggles, including his responsibilities due to his rural background and marriage at a young age, did not deter his dreams of creating something impactful. His entrepreneurial spirit led him through various…
Byju’s, the troubled edtech firm, has taken a significant step in its cost-cutting efforts. It has relinquished all its office spaces across India, except for its headquarters located at Bengaluru’s Knowledge Park. This move comes as the company grapples with an imminent liquidity crisis and ongoing disputes related to fund usage. Here are the key points: Office Space Reduction: Byju’s…
International tax cooperation is becoming increasingly necessary in today’s globalised economy, when enterprises operate across borders and transactions cross national boundaries. International cooperation frameworks have been established by nations to tackle the problems caused by tax evasion, avoidance, and other illicit financial activities. The Convention on International Tax Cooperation stands at the forefront of this endeavour. What is the International…
PM Modi laid the foundations for three semiconductor projects worth a combined Rs 1.25 lakh crores. 1. Tata Semicon Fab – Dholera, Gujarat. 2. Tata OSAT – Morigaon, Assam. 3. CG Power OSAT – Sanand, Gujarat. India’s trajectory in semiconductor manufacturing is gaining momentum, bolstered by strategic initiatives aimed at positioning the nation as a prominent player in the global…
India’s ambitious goal of achieving a $5 trillion economy is underpinned by strategic reforms, resilience, and unwavering determination. This pursuit embodies a vision of prosperity, inclusivity, and global influence, with the government driving initiatives to stimulate macroeconomic growth and foster micro-level welfare. Macroeconomic Growth Strategies: The government’s roadmap emphasises policies aimed at stimulating investment, boosting productivity, and enhancing economic output.…
International Women’s Day, observed annually on March 8th, stands as a testament to the enduring struggle for gender equality and the celebration of women’s achievements throughout history. This day, marked by rallies, events, and campaigns across the globe, serves as a poignant reminder of the progress made and the challenges that persist in the fight for women’s rights. Origins of…