National 10.09.24: With the festive season just around the corner, LunchBox, the flagship brand of Rebel Foods – world’s largest internet restaurant company, has announced the launch of its Mini Onam Sadhya Meal, bringing the rich flavours of Kerala right to your home. Customers in Delhi NCR, Mumbai, Bangalore, and Chennai can have this special meal delivered right to their door from September 5 to September 15.
The Mini Onam Sadhya features a delicious array of traditional Kerala dishes, including parboiled rice, sambar, avial, thoran, and payasam, along with a pack of authentic Kerala banana chips. To elevate the Onam celebration, the meal comes with a foldable banana leaf mat, ensuring an extra touch of tradition.
Nishant Kedia, CMO & Business Head, Own & Licensed Brands, stated, “We’re delighted to bring the flavours of Onam to our customers with our Mini Sadhya. It is an authentic yet convenient way to celebrate Onam with a traditional feast delivered right to the doorsteps.”
Hyderabad, 10th September 2024: T-Hub, India’s leading startup incubator has today announced the launch of AIC T-Hub Lab2Market program, a new initiative designed to transform groundbreaking research into market-ready innovations. The program offers a unique pathway for researchers and innovators to translate their ideas into commercial successes by focusing on two key objectives: developing Minimum Viable Products (MVPs) and converting them into scalable startups.
Startups participating in the Lab2Market program will receive comprehensive, tailored support. This includes interactive group learning sessions focused on product development, market strategies, and business model refinement. Each startup will benefit from personalized mentoring by industry experts, offering strategic guidance and addressing specific commercialization challenges. The program also features market access events where startups can showcase their advancements and connect with potential investors and partners. Additionally, participants will receive hands-on assistance to navigate commercialization hurdles, culminating in a final demo day to highlight and celebrate their achievements.
Out of 200 applicants, 23 startups have been chosen for the first cohort of the program. These startups were selected based on their innovative solutions, well-defined commercialization pathways, and potential for significant market impact. The cohort represents a diverse range of sectors, including sustainability, mobility, healthcare, fintech, agriculture, and more. Selected startups include Declutter Solutions, ASMI Innovations, Bharat Plastipay, The Hydrogen Ecosystem, Abe Bikes, SmartKosh, Glassmart, Win Health, RhythmX, Cardiac Rehab, Transcript Life Sciences, NeoSurgix, Token-Disc, Blocks, Robic Rufarm, Bhaumya, Taejoon, Zentrix, Achintya Products, Farm Nutra / Bliss Body, Rapturous Mind, Emiant and Uhenergy Teratech Solutions.
Mahankali Srinivas Rao (MSR), CEO of T-Hub, said, “The Lab2Market program is designed to accelerate innovation across a variety of sectors, including sustainability, mobility, healthcare, nutraceuticals, and more. By supporting startups from diverse fields, we aim to drive significant growth for participants—helping them achieve commercialization, refine business models, and expand their market presence both domestically and internationally. This program will help startups catalyze transformation and evolve into established market players.”
Rajesh Adla, CEO of AIC T-Hub, emphasized the program’s uniqueness, “Lab2Market sets itself apart by addressing both the early-stage commercialization needs of researchers and the challenges faced by startups in scaling their products. Unlike traditional startup acceleration programs, Lab2Market provides tailored support for developing MVPs and overcoming commercialization hurdles, offering a unique combination of resources and expertise.”
Furthermore, AIC T-Hub also envisions future expansions of the program, incorporating more cohorts and sectors, and potentially collaborating with other state incubators across the country to ensure a wider reach. Through its comprehensive support system, Lab2Market is poised to play a critical role in building a sustainable ecosystem that fosters groundbreaking innovations and contributes to broader industry advancements.
Lucknow. Rain is forecast in Uttar Pradesh on Tuesday as well. According to the Meteorological Department, heavy rains can be seen in the areas of Bundelkhand adjoining Madhya Pradesh, while there is a possibility of rain with thunder and lightning in more than 50 districts.
Meteorologist M Danish said that the monsoon will remain active in the state for the next two to three days from Tuesday. The reason for this is the low pressure formed in the north-west Bay of Bengal.
– Advertisement –
According to the weather department forecast, there is a possibility of rain in Jhansi, Chitrakoot, Kaushambi, Mahoba, Lalitpur, Prayagraj and Bahraich, Sitapur, Barabanki, Kannauj, Farrukhabad, Auraiya, Mainpuri, Etah, Kasganj and surrounding areas of Bundelkhand. On Monday also, good rain was seen in Bahraich, Barabanki, Hardoi, Sultanpur, Bareilly, Moradabad and surrounding areas.
Also Read: Attention FD holders! This bank has started a new amazing scheme, know the changed interest rates too
According to the weather department , there is a possibility of lightning in the capital Lucknow, Barabanki, Rae Bareli, Amethi, Sultanpur, Ayodhya, Ambedkar Nagar, Gautam Buddha Nagar, Bulandshahr, Aligarh, Mathura, Hathras, Kasganj, Etah, Agra, Firozabad, Mainpuri, Etawah, Auraiya, Jalaun, Hamirpur, Mahoba, Jhansi, Lalitpur and surrounding areas. Apart from this, warning of lightning and rain has also been issued in Banda, Chitrakoot, Kaushambi, Prayagraj, Fatehpur, Pratapgarh, Sonbhadra, Mirzapur, Chandauli, Varanasi, Sant Ravidas Nagar, Jaunpur, Ghazipur, Azamgarh, Mau, Ballia, Basti, Gonda, Bahraich, Lakhimpur Kheri, Sitapur, Hardoi, Farrukhabad, Kannauj, Kanpur Dehat and Kanpur Nagar.
Related Articles:-
LIC Saral Pension Plan For Fixed Monthly Pension, Know All About This Plan
DA Hike Latest News: DA may be announced on this day, DA is expected to increase by this percentage..
Delhi govt imposed ban on firecrackers, online sale and delivery also banned
10th Sept 2024 Pune, Maharashtra, India Ganesh Chaturthi, one of the most auspicious festivals in India, symbolises new beginnings and the removal of obstacles. It is an ideal time for individuals and businesses to embark on […]
The post Empower Business Expansion this Ganesh Chaturthi with a Bajaj Finserv Business Loan appeared first on Business News This Week.
Cost of EVs to match petrol, diesel vehicles in about 2 years: Nitin GadkariIANS
As the adoption of electric vehicles (EVs) increase in the country, the cost of EVs will almost match petrol and diesel vehicles within the next two years, Union Minister for Road Transport and Highways, Nitin Gadkari, said on Monday.
Addressing an event here organised by the Automotive Component Manufacturers Association of India (ACMA), the Minister also urged automobile companies to contribute to road safety initiatives, emphasising that road safety remains a significant concern for the ministry.
“Ten years ago, when I was pushing for electric vehicles, automobile giants in India didn’t take me seriously. Now, they tell me they may have missed the bus,” Gadkari told the gathering.
The minister further said that he is not against any additional subsidy or incentive for electric vehicles and if the Finance Ministry and Ministry of Heavy Industries wish to give more EV subsidies, he has no problem.
The new electric vehicles (EV) manufacturing policy aims to attract global players to India but also stress domestic value addition.
According to the ACMA, the EV policy marks another significant step towards accelerating the adoption of cutting-edge technology and fostering innovation in India’s automotive sector. The new policy sets the stage for a vibrant future-mobility global manufacturing hub in India.
New electric vehicles (EV) manufacturing policy aims to attract global players to India but also stress domestic value additionIANS
As per the new policy, a minimum investment of Rs 4,150 crore (about $500 million) is needed to set up manufacturing facilities and production started within three years and reach 25 per cent DVA by three years and 50 per cent DVA within 5 years at the maximum.
The Centre is likely to clear the third Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME)scheme to further promote electric vehicle (EV) adoption in two months, according to Minister of Heavy Industries, HD Kumaraswamy.
Last month, the number of EVs registered in FY24 increased significantly by 42.06 per cent as compared to FY23. Credit rating agency ICRA expects about 15 per cent of new car sales to be electric by 2030.
Firecrackers Ban in Delhi: Like previous years, this year too, a complete ban has been imposed on the storage, production, sale and use of firecrackers in the national capital Delhi.
According to an order issued by the Delhi government, there will also be a complete ban on online sale and delivery of firecrackers in the capital. Giving information about this decision on Monday (September 9), Delhi Environment Minister Gopal Rai said that the order banning firecrackers will remain in force till January 1, 2025.
– Advertisement –
Delhi’s Environment Minister Gopal Rai said that there will also be a ban on online sale or delivery of firecrackers. He said that the ban on the production, storage, sale and use of firecrackers will remain in force till January 1, 2025. Let us tell you that during Diwali and New Year, the level of pollution in Delhi increases a lot. People start complaining of difficulty in breathing.
After this decision of the Kejriwal government, Delhiites will not be able to burn crackers on Diwali this time too. An official said that the government has taken this decision keeping in mind the problems faced by people due to air pollution in Delhi during the winter season.
Also Read: Highest FD Rate: These 5 banks are giving the highest interest on FD to senior citizens, check details
Gopal Rai said that in view of pollution, an action plan will be made in collaboration with Delhi Police, DPCC and Revenue Department to strictly implement the ban. Let us tell you that last year also the AAP government had announced a ban on firecrackers just before Diwali. Announcing this, Gopal Rai had said that Chief Minister Arvind Kejriwal has decided that there will be a ban on the sale and burning of all firecrackers during the winter months.
Appeal for cooperation from Delhiites
Environment Minister Rai said that the Delhi government is very serious about controlling pollution. To control pollution, the government is preparing a winter action plan based on 21 focus points. He said that in the coming days, various campaigns will be run according to the winter action plan. The minister has appealed to the people of Delhi to cooperate with him in implementing the government’s orders to control pollution. He said that everyone will have to take their own responsibility to control pollution in the capital.
Last year, along with the Delhi government, the Supreme Court had also ordered a ban on dangerous firecrackers. Before Diwali, the Supreme Court had clarified that its order to ban the use of barium and banned chemicals in firecrackers is applicable not only to the National Capital Region (NCR) but to the entire country. The ban on firecrackers has a bad effect on the businessmen of Delhi.
Related Articles:-
Govt Jobs: Great opportunity to get a job in the Ministry of Communications, you will get a salary of 142000
New PPF Rules from Oct 1: These PPF accounts will not earn any interest. Know why
What are the benefits of buying a house in wife’s name ?
Number of unorganised workers registered on eShram portal rises to 29.79 croreIANS
eShram portal, a government initiative, has registered a staggering 30 crore workers within just three years of its inception. This milestone underscores the portal’s rapid adoption and its potential to effectively connect a vast number of unorganised workers with social security benefits in India. Launched on August 26, 2021, the eShram portal was conceived as a comprehensive platform to facilitate access to various social security schemes for unorganised workers.
The portal’s primary objective is to serve as a ‘One-Stop-Solution’ for these workers, enabling them to avail benefits from different schemes implemented by various ministries and departments. The Ministry of Labour and Employment, the driving force behind this initiative, has been actively collaborating with other ministries such as the Ministry of Panchayati Raj (MoPR), Ministry of Health and Family Welfare (MoHFW), and Ministry of Rural Development (MoRD) to expedite the registration of unorganised workers under their respective domains on the eShram portal.
The Ministry of Labour and Employment has stated, “The eShram-One Stop Solution will serve as a facilitator to ensure seamless access of various Government schemes to the unorganised workers. This will help in creating awareness of the schemes meant for unorganised workers while ensuring saturation of the schemes through identification of left-out potential beneficiaries.”
The government’s vision is to ensure that the benefits of welfare schemes reach all workers at the grassroots level. To achieve this, it is crucial to onboard all unorganised workers, including health workers like ASHA workers, Anganwadi workers, and those working in villages, gram panchayats, sabhas, parishads, building and construction projects, including MGNREGA workers and other similar workers.
The Ministry of Labour & Employment’s latest update revealed that the eShram portal has registered more than 30 crore unorganised workers in the short span of three years since its launch. This rapid and widespread adoption among the unorganised workers showcases the portal’s effectiveness and the government’s commitment to establishing the eShram portal as a One-Stop-Solution for the country’s unorganised workers.
Government to integrate eShram portal with other websites for seamless accessReuters
The government’s plan for the future includes a comprehensive integration of the eShram portal with other government websites. This integration, announced during the Union Budget 2024-25, will facilitate a ‘One-Stop-Solution’ and ensure seamless access to various government schemes for the unorganised workers.
The Ministry of Labour and Employment has been holding regular inter-ministerial meetings with senior officers from various ministries and departments, including the Department of Financial Services (DFS), Ministry of Housing and Urban Affairs (MoHUA), Ministry of Rural Development (MoRD), Ministry of Road Transport and Highways (MoRTH), Department of Fisheries (DoF), National Health Authority (NHA), and State BOCW boards, to discuss the integration process and ensure its smooth implementation.
eShram portal’s success story is a testament to the government’s commitment to the welfare of the unorganised sector. The portal’s rapid adoption and the government’s proactive approach in integrating various schemes under one roof have played a crucial role in its success. As the portal continues to evolve and expand, it is expected to bring about a significant change in the lives of India’s unorganised workers, ensuring their access to social security benefits and empowering them in the process.
GST reduced tax incidence on common man, to be expanded to remaining sectorsIANS
With an aim to ensure less burden on the taxpayers, the 54th GST Council meeting on Monday is likely to deliberate on a slew of issues, including rate rationalisation, taxation of insurance premiums, online gaming, and more.
According to industry sources, the GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is also likely to discuss the operationalisation of the GST Appellate Tribunal mechanism which is a key step towards streamlining dispute resolution under GST.
The meeting is going to deliberate upon whether to reduce the tax burden on health insurance from the current 18 per cent or exempt certain categories of individuals, like senior citizens.
In the last fiscal, the Centre and states collected Rs 8,262.94 crore through GST on health insurance premiums, and Rs 1,484.36 crore on account of GST on health reinsurance premiums.
The meeting is also likely to discuss the reduction of the current four major GST slabs (5 per cent, 12 per cent, 18 per cent and 28 per cent) to possibly three slabs, as per talks which have been ongoing for a while now.
According to industry experts, the move could simplify the tax structure and reduce compliance burdens.
Reduction would alleviate the tax burden on both insurers and policyholdersIANS
Shivashish Karnani, Head of GST at Dewan PN Chopra and Co, said that the current GST rate on life and medical insurance premiums is 18 per cent which further accelerates the affordability issue. Consequently, one of the key expectations from the 54th GST Council meeting is a reduction in tax rates or, ideally, the complete exemption of GST on life and health insurance premiums, he mentioned.
The life and health insurance industry is hopeful that the meeting will result in a significant reduction of the GST rate from 18 per cent to a lower rate such as 5 per cent or even 0.1 per cent.
This reduction would alleviate the tax burden on both insurers and policyholders.
Finance Minister Sitharaman said last week that the GST rate is much below the revenue neutral rate (RNR), originally suggested at 15.3 per cent, which means less burden on taxpayers. The current average GST rate has decreased to 12.2 per cent as of 2023, much below the revenue neutral rate in GST, the Finance Minister informed. The government needs to raise revenue, “but simplifying, easing and ensuring compliance for taxpayers comes first”, she added. The revenue neutral rate is the rate of tax at which the government collects the same amount of revenue even after changes in tax laws.
7th Pay Commission DA Hike Latest News: Good news has come out for the government employees who have been waiting for dearness allowance for a long time. The date of dearness allowance to be implemented from July 2024 has been decided.
It is scheduled to be announced at the end of September. Let us tell you, it has become clear from the data of AICPI index from January to June 2024 that how much jump will be seen in dearness allowance.
– Advertisement –
Central employees and pensioners receiving salary under the 7th Pay Commission will get direct benefit from this. Dearness allowance is being given 50 percent from January 2024. In the month of June, there was a big rise of 1.5 points in the AICPI index. This has also led to a jump in the dearness allowance score.
What is Dearness Allowance (DA)?
Dearness Allowance or DA is an important part of the salary of government employees and pensioners. This allowance is given to deal with rising inflation. DA helps in maintaining the purchasing power of employees and increases their income.
Also Read: Govt Jobs: Great opportunity to get a job in the Ministry of Communications, you will get a salary of 142000
The central government reviews DA twice a year, in January and July. The rate of DA may vary depending on the location of the employee. This allowance helps protect employees from the effects of inflation.
By what percentage will dearness allowance increase
According to the information, the numbers of the AICPI-IW index between January and June 2024 have made it clear that from July 2024, employees will get an increased dearness allowance of 3 percent. The June AICPI index has seen a jump of 1.5 points. In May, it was at 139.9 points, which has now increased to 141.4. The score of dearness allowance has gone up to 53.36. It is clear that this time the dearness allowance will increase by 3 percent. In January, the index number was at 138.9 points, due to which the dearness allowance increased to 50.84 percent.
It could be announced at the end of this month
The announcement of dearness allowance for central employees may be made at the end of September. But, it will be implemented only from July 2024. The payment for the intervening months will be made as arrears. Under the 7th Pay Commission, central employees and pensioners will be paid 53 percent dearness allowance. If sources are to be believed, it may be announced in the cabinet meeting to be held on 25 September. It has been included in the agenda. Only the formal announcement is left.
Related Articles:-
Delhi govt imposed ban on firecrackers, online sale and delivery also banned
Highest FD Rate: These 5 banks are giving the highest interest on FD to senior citizens, check details
New PPF Rules from Oct 1: These PPF accounts will not earn any interest. Know why
India’s economy, the world’s sixth-largest, saw a GDP growth fall to a five-quarter low of 6.7% in the first quarter of FY25IANS
India’s economy, currently the world’s sixth-largest, has been under the global spotlight due to its fluctuating Gross Domestic Product (GDP) growth rate. This key economic health indicator has seen a series of highs and lows, keeping economists, investors, and policymakers on their toes. In the first quarter of FY25, India’s GDP growth fell to a five-quarter low of 6.7%, according to government data. This slowdown was significant, especially considering that the country had been on a growth trajectory in previous quarters.
The decline in the farm sector, which recorded a 0.8% contraction, and a moderation in the services sector, particularly in trade, hotels, transport, and communication services, were key contributors to this slowdown. However, despite the slowdown, there are signs of resilience in the Indian economy. The manufacturing and construction sectors have shown promising growth, and there is potential for a rebound in the farm sector. The government’s focus on digitalisation and public investments, particularly in infrastructure, has been a key driver of growth. However, private consumption remains a concern, with a widening gap between GDP growth and consumption growth. This has raised questions about the sustainability of growth without broader distribution of wealth. The need for a revival in private and Micro, Small and Medium Enterprises (MSME) investments is also a pressing issue.
International institutions like the International Monetary Fund (IMF) and Moody’s have raised India’s GDP growth forecast for FY25 to 7%, indicating optimism about the country’s economic prospects. They have highlighted the role of public capital expenditure in driving growth and the importance of MSME investments. The World Bank expects India’s growth to be 7.6% in 2023-24, acknowledging improvements in tax revenues and a focus on infrastructure. However, they also point to challenges like the widening gap between GDP and consumption growth. Government policies, including the Union Budget, have played a significant role in shaping India’s economic outlook. The Budget has aimed at broadening the tax base and increasing indirect tax collections, while also introducing measures to boost manufacturing and digital transformation. The focus on infrastructure, such as construction and manufacturing, has helped maintain growth momentum.
GDP Growth Slows but Manufacturing and Construction Show PromiseIANS
Expectations include a continued push for public capital expenditure to stimulate growth, with hopes for a recovery in the farm sector and a pickup in private investments, particularly in MSMEs. The government’s efforts to maintain a growth-friendly environment and address the challenges in consumption and export sectors are crucial for future prospects. India faces challenges in attracting Foreign Direct Investment (FDI), with concerns raised about the concentration of wealth and the need for more equitable distribution. FDI inflows have been lower, partly due to a perception of constraints in the business environment and the need for a more level playing field. The wealth distribution issue, as highlighted by political figures, suggests that economic growth is not translating uniformly into wider prosperity.
While India’s economy has shown signs of resilience and potential for growth, it faces significant challenges. The government’s policies and initiatives, along with the country’s inherent strengths, will play a crucial role in shaping the future trajectory of the Indian economy. The journey towards becoming the world’s third-largest economy by 2027, as forecasted, will require concerted efforts to address the existing challenges and capitalize on the opportunities. The country’s economic trajectory will be shaped by its ability to navigate these challenges and leverage its strengths in the face of global economic headwinds.
Hyderabad, 10th September 2024: T-Hub, India’s leading startup incubator has today announced the launch of AIC T-Hub Lab2Market program, a new initiative designed to transform groundbreaking research into market-ready innovations. The program offers a unique pathway for researchers and innovators to translate their ideas into commercial successes by focusing on two key objectives: developing Minimum Viable Products (MVPs) and converting them into scalable startups.
