New fund offers are gaining popularity just like the equity mutual funds. In August 2024, the mutual fund industry saw new fund offer (NFO) inflows totaling Rs 13,815 crore, spread across 18 NFOs. This was a decrease from the Rs 16,565 crore invested in 15 NFOs in July 2024. Of the 18 NFOs launched in … Read more
Concerned departments where the production-linked incentive scheme is not picking up may consider some course correction in the plan, a top government official said on Tuesday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said the concerned ministries have to see if PLI disbursement is low or if … Read more
The benefits under the production-linked incentive (PLI) scheme are yielding positive results and there is an intention to roll out these support measures for more labour-intensive sectors such as toys, leather and footwear, a top government official said on Wednesday. The government provides financial incentives under the PLI scheme to as many as 14 sectors … Read more
New Delhi: The government has cleared the second tranche of incentives of Rs 64.7 crore to Dixon Technologies for the mobile production-linked incentive (PLI) scheme, with the rest likely to be cleared later this month. The industry though has called on the government to expedite the release of incentives, saying the government had received enough … Read more
Indian companies must stop promoting protectionism and complaining about imports via Free Trade Agreements (FTAs), and instead become globally competitive and seize the opportunity to penetrate global supply chains at a time when companies are looking to invest in alternative locations, Amitabh Kant, CEO, Niti Aayog said. “Problem is that Indian manufacturing companies spread protectionism…you … Read more