Govt Rolls Out PLI Boost & DA Hike!
Your daily dose of business news
🗞️ Cabinet Approves ₹25,000 Crore PLI Scheme for Electronics
The Cabinet has approved a ₹25,000 crore Production-Linked Incentive (PLI) scheme to boost domestic electronics manufacturing and reduce import dependency.
🗞️ India’s Fiscal Deficit at ₹13.5 Lakh Crore for April-February
India’s fiscal deficit has reached ₹13.5 lakh crore, accounting for 85.8% of the full-year target, as per government data.
🗞️ Govt Announces Post Office Savings Scheme Interest Rates for Q1 FY26
The government has updated interest rates for various post office savings schemes, with some remaining unchanged for the April-June 2025 quarter.
🗞️ Quick Commerce Now Dominates E-Grocery Market in India
More than two-thirds of all e-grocery orders in 2024 were placed through quick commerce platforms like Blinkit and Zepto.
📌 Expert Opinion: Industry experts say this trend signals a shift in consumer shopping behavior, emphasizing speed and convenience.
🗞️ RBI Clarifies Bank Holiday Rules for March 31 Closure
The RBI has issued guidelines on bank holiday operations for March 31, ensuring smooth financial transactions for year-end closures.
🗞️ Govt Hikes DA by 2% for Central Govt Employees
The Cabinet has approved a 2% increase in Dearness Allowance (DA) for central government employees and pensioners, effective from January 2025.
📌 Expert Opinion: Analysts say this hike will boost consumer spending and support economic growth.
🗞️ India’s Fiscal Deficit at 85.8% of Full-Year Target
India’s April-Feb fiscal deficit reached 85.8% of the estimated target, signaling lower-than-expected capex spending.
🗞️ Govt Cuts Taxes to Boost EV Industry
In a big push for the EV sector, the government has reduced taxes to support Indian automakers like Mahindra and Tata, as well as global players like Tesla.
📊 Market Updates
📉 Sensex: ⬇️ -0.25%, closing at 77,414.92
📉 Nifty 50: ⬇️ -0.31%, ending at 23,519.35
💵 Rupee: Remained steady at ₹86.90 against USD
🥇 Gold: ₹88,150 per 10 grams
🥈 Silver: ₹99,870 per kg
🛢️ Brent Crude: $83.10 per barrel