NFO investment: SBI Mutual Fund has introduced SBI Nifty Bank Index Fund, an open-ended scheme designed to replicate the Nifty Bank Index. This scheme’s New Fund Offer (NFO) period commences on January 20, 2025, and concludes on January 31, 2025. The Nifty Bank Index includes up to 12 companies listed on the National Stock Exchange … Read more
New Delhi: More than 1,200 stakeholders including government officials and industry players will on Saturday deliberate on the progress of 14 PLI schemes, according to an official release. Officials from 10 ministries and departments, project management agencies and industry players from 14 PLI schemes will attend the meeting. The meeting will discuss success stories, good … Read more
To incentivise the manufacturing sector and generate employment, the government may extend the scope of PLI scheme to include sectors like garments, jewellery and handicrafts in the forthcoming interim Budget, Deloitte said. Currently, Production-Linked Incentive (PLI) scheme is available for 14 sectors. Read our full Budget 2024 coverage here Deloitte India Partner Rajat Wahi said … Read more
New Delhi: Commerce secretary BVR Subrahmanyam on Saturday said areas where India’s manufacturing is growing and sectors wherein the government has rolled out production-linked incentive (PLI) schemes have been put on the negative list in the trade pact with the United Arab Emirates (UAE). To protect sensitive sectors, India has kept certain segments out of … Read more
PLI is designed to identify and support upcoming technologies that are indicative of the largest economic opportunities of the next few decades. Synopsis In an increasingly interconnected world, manufacturing has been transformed into a series of dependent processes across countries, which together form large GSCs. With GSCs slowly shifting towards the East, and due to … Read more
By Chandrajit Banerjee Finance Minister Nirmala Sitharaman’s targeted measures announced via a comprehensive stimulus package on Thursday will be a booster for the Indian economy that has been hit by the Covid-19 pandemic. The 12 areas covered as part of ‘Atmanirbhar Bharat 3.0’ across key sectors are well targeted, and promise to kickstart the engines … Read more