The Department of Social Justice and Empowerment, being the Nodal Department for welfare of senior citizens, develops and implements programmes and policies for these groups in close collaboration with State Governments, Non-Governmental Organizations and the civil society. In SCSS, the installment amount ranges between ₹1,000 and ₹15 lakhs.
The components of the AVYAY Scheme are as under, Integrated Programme for Senior Citizens (IPSrC), State Action Plan for Senior Citizens (SAPSrC), Rashtriya Vayoshri Yojana (RVY)
Elderline – National Helpline for Senior Citizens, Senior-care Ageing Growth Engine (SAGE), Geriatric Caregivers Training.
Shri Anil Kumar Khandelwal, General Manager of East Central Railway has taken over the charge of Member Infrastructure, Railway Board & Ex-Officio Secretary to the Government of India in the Ministry of Railways on 20th Feb 2024. Mr. Khandelwal, a 1987 batch officer of the Indian Railway Service of Engineers, holds a bachelor's degree in civil engineering from MNIT, Jaipur.
In a bid to promote economic collaborations and encouraging tourism and business ties, Dubai has introduced a 5-year multiple-entry visa for Indian tourists. According to the Dubai Department of Economy and Tourism, the visa issued within two to five working days, allows a 90-day stay, extendable once for a similar period, with a total stay not exceeding 180 days in a year.
According to DET, Dubai experienced a surge in tourism from India, welcoming 2.46 million overnight visitor in 2023, this signifies a substantial increase from the 1.84 million tourists in 2022, surpassing the pre-pandemic figure of 1.97 million visitors in 2019. India, with a remarkable 34 % year-on-year growth, maintains its position as the leading source market for Dubai
Mineral Production in the Country has grown by 5.1 percent in December 2023 as compared to the level in the month of December 2022. As per the Ministry of Mines, the cumulative growth of Mineral Production for the period April to December, 2023-24 is 8.5 per cent higher than the corresponding period of last year.
Kolkata-based Bandhan Bank on Thursday announced the appointment of Rajeev Mantri as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective from February 22, 2024.
He will be taking over from the Interim CFO Abhijit Ghosh, who is Head – Finance & Accounts of the bank.
India's economy is expected to grow by 6.5% in the fiscal year 2024-25, supported by sustained government capex, soft global commodity prices, and signs of growth in the private corporate capex cycle, according to India Ratings and Research. The forecast aligns with the International Monetary Fund's projection but is below the Reserve Bank of India's estimate of 7%.
Infrastructure solutions provider AMSL on Thursday said SBI has sanctioned a loan of Rs 110 crore for the company's new project in Hyderabad. Apollo Micro Systems Ltd (AMSL) announced plans to set up a facility in Telangana at Rs 210 crore investment for manufacturing of defence products. The company has also received sanction for a term loan of Rs 110 crore from SBI.
The state-owned Bank of Maharashtra (BoM) announced on 22 Feb that the government has named A S Rajeev, former MD and CEO, as Central Vigilance Commission (CVC). Prior to this appointment, A S Rajeev was the Managing Director and CEO of Bank of Maharashtra, a public sector bank. Rajeev voluntarily retired from his position as MD and CEO of the Bank of Maharashtra.
Under the CVC Act, the Central Vigilance Commission was expanded to three members: the Central Vigilance Commissioner and two Vigilance Commissioners.
Global investment advisory firm Jefferies has projected that India’s stock market value is set to more than double to $10 trillion by 2030, going by its history of delivering double digit returns and expectations of continued economic reforms. In its latest note, the New York-headquartered firm has projected an optimistic outlook for Indian economy and its equity market.
Jefferies said that in the last ten years, India has seen fundamental structural reforms which have created the framework for the country to realise its full potential. The Global Firm in its report has observed that India’s market capitalization at 4.3 trillion US dollar, ranks 5th in the world behind USA, China, Japan and Hong Kong.
It said, over the next four years, India’s GDP will likely touch $5 trillion making it the third largest economy by 2027, overtaking Japan and Germany, maintaining the status of fastest-growing large economy. The firm noted that with a renewed Capital Expenditure cycle and robust earnings profile, markets will continue to deliver attractive growth over the next 5 to 7 years
Prime Minister Narendra Modi has emerged as the most popular global leader with 78 percent approval rating. This was unveiled in a survey conducted by a US-based global decision intelligence agency Morning Consult. US President Joe Biden is on the 11th position among the world leaders while Canadian Prime Minister Justin Trudeau on 17th position.
In the survey, President of Mexico Andrés Manuel López Obrador has secured the second place with 65 percent approval rating followed by Argentina President Javier Milei at the third with an approval rating of 63 per cent. As per the agency's website, the latest approval ratings are based on the data that was collected from January 30 to February 5.