GST Relief: Exemptions for Hostel Rents and Railway Services
GST Relief: Exemptions for Hostel Rents and Railway Services The GST Council, in its 53rd meeting, announced several relief measures aimed at benefiting the middle class. Among these is an exemption from GST for rents up to ₹20,000 per month for accommodations outside college campuses. This applies to students and working professionals for stays up […]
Government Considering New Bank to Bridge Credit Gap for MSMEs
Government Considering New Bank to Bridge Credit Gap for MSMEs The government is contemplating the establishment of a dedicated bank to provide direct lending to micro, small, and medium enterprises (MSMEs). This initiative aims to enhance credit flow to the under-served sector, thereby boosting economic activity and job creation. Current Scenario and Challenges Presently, the […]
India’s Electronic Manufacturing May Reach USD 500 Billion by 2030: CII Report
India’s Electronic Manufacturing May Reach USD 500 Billion by 2030: CII Report A report by the Confederation of Indian Industry (CII) emphasizes the need for critical actions to transform India’s electronic sector ecosystem from “import-dependent assembly-led manufacturing” to “component-level value-added manufacturing.” Key Findings According to the report, in 2023, the demand for components and sub-assemblies […]
India-EU Trade Council Hosts EV Battery Recycling Startup Event
India-EU Trade Council Hosts EV Battery Recycling Startup Event The India-European Union Trade and Technology Council (TTC) Working Group 2 organized a startup matchmaking event on June 20, 2024, featuring twelve high-impact solution providers in EV Battery Recycling Technologies. This event offered startups and SMEs an exclusive platform to pitch their innovative technologies, spanning the […]
Karnataka Aiming for 15-16% Industrial Growth: Chief Minister Siddaramaiah
Karnataka Aiming for 15-16% Industrial Growth: Chief Minister Siddaramaiah BENGALURU: Chief Minister Siddaramaiah announced on Wednesday that Karnataka is targeting an industrial growth rate of 15-16% annually. He highlighted the state’s proactive approach to policymaking and its industrial policy, which offers best-in-class incentives to attract global investors. Key Points from the Global Investors Meet 2025 […]
Economists Emphasize Employment Generation and Manufacturing Boost in Upcoming Budget
Economists Emphasize Employment Generation and Manufacturing Boost in Upcoming Budget During a pre-Budget consultation with Finance Minister Nirmala Sitharaman, economists stressed the importance of focusing the upcoming Budget on employment generation and strengthening the manufacturing sector. Highlighting concerns over unemployment, they urged the government to prioritize job creation. There was a consensus that with the […]
Study Outlines Path for India to Achieve $5 Billion Defence Export Goal
Study Outlines Path for India to Achieve $5 Billion Defence Export Goal A recent study by Nexgen Exhibitions underscores the critical steps India must take to reach its USD 5 billion defense export goal by 2024-25. The key strategies include streamlining foreign direct investment (FDI), enhancing Research & Development (R&D), and boosting manufacturing capabilities. This […]
AI Revolutionizing Education: How India is Embracing the Future
AI Revolutionizing Education: How India is Embracing the Future Artificial Intelligence (AI) is rapidly transforming various sectors, and education is no exception. We may be prone to look at AI in the education space negatively with every student depending on it for their essays and tests, but students leaning on AI may very well be […]
Bolstering the Aerospace Sector: The Vital Role of MSMEs and the Need for Government Support
Bolstering the Aerospace Sector: The Vital Role of MSMEs and the Need for Government Support The Indian aerospace and defense market is projected to soar to USD 54.4 billion by 2033, a significant leap from its valuation of USD 27.1 billion in 2024, growing at a CAGR of 6.99% during the forecast period. This rapid […]
New Challenges and Opportunities for the Dairy Industry Amid Changing Customer Behavior
New Challenges and Opportunities for the Dairy Industry Amid Changing Customer Behavior The dairy industry is currently navigating a landscape rich with opportunities and challenges. New sources such as plant-based dairy alternatives and a focus on sustainability, including precision farming and automation, are reshaping the sector. Additionally, the industry is expanding into new markets. Ravin […]