Author: Team Admin

New Delhi: Business activity in India expanded at a faster clip this month from May thanks to gains in manufacturing and services, according to a business survey that also showed the pace of job creation was at its strongest in over 18 years. Robust gains in both sectors at the end of the first fiscal quarter meant a strong start to India’s economy this financial year after it expanded by 8.2 per cent last year – the fastest expansion among major countries – partly led by buoyant manufacturing. HSBC’s flash India Composite Purchasing Managers’ Index , compiled by S&P Global,…

New Delhi: PhonePe, Cred, BillDesk and Infibeam Avenues are some of the major fintechs that will be affected after the RBI’s latest regulation requiring credit card bill payments to be routed through a centralised billing network comes into force from July 1, according to an Economic Times report. The Reserve Bank of India earlier directed that all credit card payments must be processed through the Bharat Bill Payment System (BBPS) after June 30. So far, HDFC Bank, ICICI Bank and Axis Bank have not activated BBPS. These banks have issued a combined over 5 crore credit cards to customers. As…

Goemkarponn Desk PANAJI: According to industry secretary Swetika Sachan, the government will soon launch a logistic incentive scheme that would allow investors in the logistics sector to apply for subsidies, thereby triggering the state’s Logistics & Warehousing Policy 2023. According to her, the incentive plan is nearing completion and will shortly be submitted for approval to the legislative assembly. According to Sachan, “three rounds of meetings with logistics and cargo stakeholders have already been held to address concerns on incentives.” Under the logistics policy, a financial clearance of Rs 25 crore has been made available for incentives. In May 2023,…

Goemkarponn Desk MAPUSA: Ramkrishna Uttam Bhalekar, also known as RK (32), of Laxminagar, Mapusa, was the main culprit in a violent assault case. He was eventually taken into custody by police in Amboli, Maharashtra. RK had spent the previous twenty-two days avoiding capture. Two people were seriously hurt in the incident on May 30, including Ahmed Devadi, who passed away a few days ago while undergoing treatment. Following almost six raids carried out in various areas in Goa and Maharashtra, RK was intercepted while traveling through Amboli, Maharashtra. A personal argument led to the attack in a remote part of…

Goemkarponn Desk PANAJI: A second medical opinion has indicated that Bengaluru AI startup founder Suchana Seth, who is accused of killing her four-year-old son in Candolim on January 8, is mentally fit, which is a setback. Furthermore, the handwriting on the shredded tissue napkin discovered next to the trolley luggage bag with her son’s body has been confirmed to be hers by a forensic report. Her father requested that the Mental Health Authority reevaluate Suchana’s mental health, and the Children’s Court granted his request in March. In February, her father submitted an application contesting the findings of the Institute of…

NEW DELHI: Amid the ongoing row over the alleged malpractices in NEET and UGC NET exams, the central government on Friday notified the Public Examinations (Prevention of Unfair Means) Act, 2024, which aims to prevent unfair means in public examinations and common entrance tests held across the country. The Act aims to curb paper leaks and malpractices in recruitment examinations like UPSC, SSC etc and entrance tests such as NEET, JEE and CUET. “In exercise of the powers conferred by sub-section (2) of section 1 of the Public Examinations (Prevention of Unfair Means) Act, 2024 (1 of 2024), the Central…

Goemkarponn Desk PANAJI: Goa Government has notified Goa Prevention of Illegal Mining, Storage and Transportation of Minerals (Sixth Amendment) Rules, 2024 with the objective of removing the hurdles for the registration of new traders dealing in the newly extracted iron ore and dumps in the state. Traders will be allowed to purchase, export, and trade in iron ore after taking a State licence. The existing lease holders/traders/exporters/end users also have to take the State Licence within obtain the State License within a period of 90 days from the date of commencement of the Goa (Prevention of Illegal Mining, Storage and…