The Food Ministry is considering extending the period of implementation of Ration Card Portability from March 2021 under the ‘One Nation one ration card’ initiative. This was discussed in the meeting of an empowered committee to improve the Public Distribution System. Food Secretary Sudhanshu Pandey presided over it. The meetingContinue Reading

Earlier in September this year, the Securities and Exchange Board of India (SEBI) directed mutual funds houses to rationalise or reduce the Total Expense Ratio (TER) for both equity-oriented and other than equity-oriented mutual fund schemes. Following this, some mutual fund schemes slashed their TERs charged under direct plans drastically, but a fewContinue Reading

National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporates and Government a web based solution to facilitate interbank, high volume, electronic transactions which are repetitive and periodic in nature. NACH System can be used for making bulk transactions towards distribution ofContinue Reading

The Owner of Virgin Group, Richard Branson signed a preliminary agreement on Sunday in Mumbai to develop Hyperloop framework.  The Hyperloop project in India A demonstration track is scheduled to be built in two to three years from the signing of the final agreement. The second phase of the projectContinue Reading