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Car manufacturers offer up to Rs 20,000 discount under new scrapping policy Car manufacturers offer up to Rs 20,000 discount under new scrapping policy

India's New Vehicle Scrapping Policy to Boost Cleaner and Efficient Vehicles

India's Vehicle Scrapping Policy encourages the replacement of old vehicles with cleaner ones, offering substantial discounts on new purchases. Major car manufacturers are offering discounts of 1.5% of the ex-showroom price or Rs 20,000, while Mercedes Benz India offers a flat discount of Rs 25,000. The policy also includes benefits like scrap value from Registered Vehicle Scrapping Facilities and tax concessions. The initiative aims to promote cleaner, safer roads and combat pollution, requiring coordination between manufacturers, scrapping facilities, and the government. Aug 29, 2024
Prime Minister Narendra Modi

PMJDY: A Decade of Financial Inclusion in India

The Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, launched in 2014, has integrated over 53.14 crore economically marginalized individuals into mainstream banking. The scheme has seen a 3.6-fold growth in accounts, providing access to formal banking services and promoting financial inclusion. The PMJDY scheme has also promoted gender equality and rural inclusion, with 67% of accounts opened in rural or semi-urban areas and 55% by women. The success of PMJDY in promoting financial inclusion in India is comparable to similar initiatives globally, like M-Pesa in Kenya and Grameen Bank in Bangladesh. Aug 28, 2024
Telegram founder Pavel Durov faces up to 20 years in prison if convicted

Telegram Founder Durov Arrested Amid Privacy Controversy

Pavel Durov, the Russian-born founder of the popular encrypted messaging app Telegram, has been arrested in France. Durov, who also created the social media platform VKontakte, was apprehended at Le Bourget Airport outside Paris, immediately after he disembarked from his private jet. Aug 25, 2024
market

US Rate Cut Fuels Optimism in Indian Stock Markets

The anticipated US rate cut is expected to boost the Indian stock market and various sectors like IT, BFSI, automotive, and real estate. The Indian markets have been on a recovery rally, influenced by positive US economic data and global cues. Aug 24, 2024
PM Modi wraps up historic Poland visit setting 'new milestone' in bilateral ties

PM Modi's Historic Visit Strengthens India-Poland Ties

Indian PM Narendra Modi's visit to Poland marked a significant milestone in diplomatic relations between the two nations. Modi extended an invitation to Polish companies to join the 'Make in India, Make for the World' initiative, transforming their bilateral relationship into a strategic partnership. The leaders discussed deepening the India-Poland partnership across various sectors and expressed concern over the conflict in Ukraine. Modi's visit highlighted the shared history and cultural ties between the two nations, further cementing their bond. Aug 23, 2024
Second Neuralink chip recipient progressing well: Elon Musk

Neuralink's Second Brain Chip Recipient Shows Promising Progress

Elon Musk, the founder of Tesla and SpaceX, has announced that the second recipient of the Neuralink brain chip is showing promising progress. Musk, who is also the founder of Neuralink, expressed optimism about the future of the brain-computer interface company, predicting widespread adoption of its brain chip within the next decade. Aug 23, 2024
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