Author: NNI Editor
Another colonial-era legislation is set to bite the dust as Parliament is seeking to push the Boilers (Amendment) Bill, 2024 in the second part of the Budget session. Passed by Rajya Sabha in the Winter session, the Boilers Bill, 2024 will replace the Boilers Act of 1923. The Bill is aimed at regulating industrial boilers and ensuring uniformity in operations. Seeking to ensure safety of life and property from the danger of boiler explosions, the Bill details standards of construction and maximum pressure specifications, as well as the registration and periodic inspection of all boilers, said Union Commerce Minister Piyush Goyal.…
Bank of Baroda’s Executive Director Beena Vaheed talking with The Hindu after inaugurating the bank’s regional office and Baroda Academy in Mangaluru on February 25, 2025. | Photo Credit: Raghava M Bank of Baroda will shortly launch ‘Baroda Kisan Pride’ scheme in Karnataka to encourage farmers to adopt scientific practices in agriculture, said executive director Beena Vaheed in Mangaluru on Tuesday. In an informal chat with The Hindu, Ms. Vaheed said under the scheme the bank will provide finance to farmers up to 250% of the scale of finance fixed by the State-level or district-level technical committees.The ED said the bank will…
Zydus Lifesciences on Wednesday (February 26, 2025) said it is introducing a vaccine for protection against new strain of influenza virus.“The company is introducing country’s first flu protection quadrivalent influenza virus vaccine as per WHO recommended composition,” the Ahmedabad-based drug major said in a statement.Zydus Lifesciences gets WHO prequalification for Typhoid Vi conjugate vaccine“Zydus’s Quadrivalent Inactivated Influenza vaccine VaxiFlu-4 will offer seasonal protection against four new virus strains,” it added.“A quadrivalent vaccine, by covering strains of both influenza A and influenza B, provides a broader protection and significantly reduces the risk of vaccine mismatch,” it said. “The vaccine has been…
Andhra Pradesh Chief Secretary K. Vijayanand in Vijayawada. File photo | Photo Credit: Special Arrangement Chief Secretary K. Vijayanand said during a videoconference with Union Cabinet Secretary T.V. Somanathan on Ease of Doing Business (EoDB) on February 25, 2025, that the government was striving to reduce regulatory compliance burden to further improve the EoDB. He stated that the government accorded top priority to the EoDB program to make Andhra Pradesh (AP) the most attractive investment destination in the country.Since the beginning of 2025, more than 60 burdensome compliances have been reduced in seven departments and more cumbersome procedures were in the process…
File photo for representational purposes only. | Photo Credit: REUTERS The government has inked an agreement with Paytm (One97 Communications Ltd) under which the company would provide mentorship, infrastructure support, market access, and funding opportunities to startups, an official statement said on Wednesday (February 26, 2025). The Memorandum of Understanding (MoU) was signed by the Department for Promotion of Industry and Internal Trade (DPIIT) with Paytm to foster innovation and accelerate the growth of manufacturing and fintech startups in India, the Commerce and Industry Ministry said. “As part of this collaboration, Paytm will provide mentorship, infrastructure support, market access, and…
CRED, a fintech platform, has introduced Svalbard, a suite of credit management tools aimed at helping its members improve credit scores, manage multiple cards, access secured credit without liquidating investments and to avoid hidden charges.Kunal Shah, Founder of CRED, said, “Svalbard is about making responsible credit behaviour easy. Before you take a loan or miss a payment, you’ll know what happens to your credit score.’‘Svalbard, comes with a predictive credit score tool that also provides personalised risk assessments based on a user’s past credit history in addition to other credit card management features, and an option for instant loans against mutual…
The Energy Solutions business of Godrej Enterprises Group said it has secured an order book of ₹2,400 crore for FY25. File | Photo Credit: The Hindu The Energy Solutions business of Godrej Enterprises Group said it has secured an order book of ₹2,400 crore for FY25, on its strength in clean energy power transmission, particularly in the 400kV and 765kV segments. The company said it has commissioned over 80 substations and laid more than 300 kilometers of transmission lines. Also Read | Godrej family announces ownership realignment, group splits into twoOver the next three years, the business unit expects to achieve ₹2,000 crore in…
The judge cited statistics that 15% of Meta’s U.S. workforce holds H-1B visas [File] | Photo Credit: REUTERS A federal judge on Tuesday said Meta Platforms must face a lawsuit claiming that the Facebook and Instagram parent prefers to hire foreign workers because it can pay them less than American workers.U.S. Magistrate Judge Laurel Beeler in San Francisco said three U.S. citizens who accused Meta of refusing to hire them though they were qualified may pursue a proposed class action.The plaintiffs – information technology worker Purushothaman Rajaram and software engineer Ekta Bhatia, both naturalised U.S. citizens, and data scientist Qun…
Foreign Institutional Investors (FII) are positive about India’s outlook in the next three to five years due to a relatively stable policy atmosphere among other structural reasons, Pratik Gupta, Chief Executive Officer (CEO) and Co-Head Kotak Institutional Equities said in a media briefing. Mr. .Gupta cited two reasons behind the optimism of the FIIs – the first one being India’s demographic and structural advantage. The second reason is FIIs see India’s democracy to be politically stable in comparison to China and the U.S. India is the fastest growing economy and has a demographic dividend that would last another two decades,…
The Farmers Producers’ Organisations (FPOs) being promoted by NABARD, in collaboration with other stakeholders, have proven effective in integrating small and marginal farmers into the agri value chain and enhancing their income. | Photo Credit: SAMRAJ M Of the estimated credit potential of ₹4.47 lakh crore for priority sector lending in Karnataka during 2025-26, the share of agriculture is pegged at ₹2.04 lakh crore (46%), MSME at ₹1.88 lakh crore (42%), and other priority sector activities at ₹0.56 lakh crore (12%), said KVSSLV Prasada Rao, Chief General Manager (CGM), NABARD, Karnataka Regional Office.Speaking at the State Credit Seminar for the…