Government | Page 3

The minister highlighted that ONDC will foster economies of scale, competition and better pricing along with quality that will ultimately benefit consumers

According to the textile ministry statement, the portal reportedly doesn't charge any commission from sellers and provides free shipping with a return option to customers along with multiple payment gateways to pay online

Cautioning investors against ponzi apps, Sitharaman said investors should do their due diligence and should not be lured by claims of lucrative returns made by them

The minister further emphasized the importance of healthy competition, which has led to India becoming the world's largest milk producer and argued that the focus should be on strengthening India in every aspect, rather than creating political issues around the dairy industry

The Vedanta-Foxconn consortium is one of the five applicants seeking government incentives under a $10-billion package announced in December 2021 to promote domestic semiconductor manufacturing

To promote EVs in UP, the Yogi government has decided to give up to 100% exemption on road tax and registration fee for three years

The minister further noted that there was consensus among G20 members to have a globally coordinated policy response on crypto assets that takes into consideration the full range of risks, including those specific to emerging markets and developing economies

The investment will be made and utilised in a phased manner, where in the first phase, the group will invest INR 30,000 crore

In a report, Moody's Investors Service said India has the fourth-largest car market globally, but electric vehicle (EV) penetration is currently only around 1%

The finance minister also said that WTO needs to give more space to the countries which have something different to say and not just hear

PM Mudra Yojana has played a vital role in funding the unfunded and ensuring a life of dignity as well as prosperity for countless Indians

Finance Commission is a constitutional body that gives suggestions on Centre-state financial relations

The finance minister also added that price rise is a matter on which the Centre is very sensitive and responsive

Stand up India Scheme, launched on April 5, 2016, with a focus on economic empowerment and job creation, has been extended up to 2025

The World Bank also signified that the Indian government is likely to meet its fiscal deficit target of 5.9% of GDP in 2023-24

The minister said that logistics has become the centerpiece of India's policy making in its journey towards becoming a developed nation and a leader in international trade

The report also stated that the facilitation fee of 0.3% can generate around INR 5,000 crore in 2023-24

Unlike previous policies that were announced for five years, the FTP 2023 reportedly has no end date and will be updated as needed

As per the circular issued on March 24, the changes will come into effect from April 1, 2023

Sebi Chairperson Madhabi Puri Buch said that the regulator has decided to set up an independent, government - sponsored backstop fund for corporate debt market

The minister said that the government has approved various structural and procedural reforms in the telecom sector