INDIA | Pixr8 News

21Sep By Gauri SinghNo Comments

INDIA

India Finally Rolls Out the ‘Desi’ GPS Module Based on IRNSS

We all have been hearing a lot about the ‘desi’ GPS module ever since last year and finally, it has been rolled out and has become a reality. At a recent event in New Delhi, ST Microelectronics and MobileTek launched UTraQ which is a GPS module based on India Regional Navigation Satellite System (IRNSS) to track locations. As of now, the GPS-based applications in electronic devices were based on the feed given by the US satellites, but UTraQ will be based on India’s own satellite system that would give much more accurate and reliable location information. India has launched two GPS modules that include the L110 GNSS and the L100 GNSS. UTraQ L110 GNSS and L100 GNSS are manufactured by ST Microelectronics and is being distributed in India by Rama Krishna Electro Pvt. Ltd. L110 GNSS ...

20Sep By Gauri SinghNo Comments

INDIA

Indian Government Hikes the Interest Rate of Small Savings Schemes

The Indian government has come up with new hikes in the interest rate on small savings schemes including public provident fund or PPF and also on Kisan Vikas Patra or KVP. The interest rate of PPF has been altered to 8% interest rate for the October to December quarter, up from 7.6% in the current quarter. On the other hand, for the KVP, the interest rate has been taken to 7.7% from 7.3% in the current quarter. This means that KVP will now mature or double in 118 months as compared to 112 months earlier. The announcement regarding the change in these interest rates was made by the finance ministry today. The interest rate on small savings schemes, which are benchmarked to yields on government bonds, are revised on a quarterly basis. With the 10-year benchmark yield now above 8%, many...

21 Lakh Company Directors Failed to Comply to Government’s KYC

17Sep By Gauri SinghNo Comments

INDIA

21 Lakh Company Directors Failed to Comply to Government’s KYC

The government recently came up with the move of identification of the directors of the companies through KYC and as many as 21 lakh out of 33 lakh directors of companies failed to comply with KYC norms. With this, the government has started the process of de-activating their identification numbers. The Director Identification Numbers (DINs) is a unique number allotted to individuals who are eligible to have directorship on the boards of registered companies, and this number is going to be deactivated by the government. These will be re-activated only when the companies pay a fee of Rs 5,000 along with the requisite form and the individuals concerned might also face action. This move by the Corporate Affairs Ministry is surely going to toughen the situation of the companies that are ...

14Sep By Gauri SinghNo Comments

INDIA

India Launches pan-Africa Digital Knowledge & Health Network

India has launched a pan-Africa digital knowledge and health network with an aim of establishing its leadership role in an area where China has not ventured till now. The five-year project was unveiled by external affairs minister Sushma Swaraj. Under this project, the basic motive is to offer free tele education courses in various academic disciplines to over 4,000 students annually from African countries. Also, it will help to offer free continuing medical education to 1,000 candidates comprising African doctors, nurses and paramedical staff. Inaugurating the project, Sudhma Swaraj stated, “Over the years we have built several bridges with Africa…. Today, we are here to build a bridge which is no less important – the bridge of knowledge and health between India and Africa…. India’s ...

8Sep By Gauri SinghNo Comments

INDIA

Narendra Modi Soon to Launch Policy to Boost E-mobility in India

With the emerging market of electric vehicles all across the world, Indian Prime Minister Narendra Modi has also taken a step forward for the promotion of electric vehicles in the country. The Prime Minister on Friday stated that the government is soon going to introduce a policy on electric vehicles and alternative fuel technology to give a boost to e-mobility in India. “The world is now in the middle of a new mobility revolution” and India has “inherent advantages” to leverage this opportunity, Narendra Modi said. Exhorting industrialists and global business leaders to create a “new mobility ecosystem” that is in “sync with nature.” Modi also claimed that India can be the best market for the rapidly evolving technology. This announcement was made by the PM at the first Global Mobili...

NTPC Launches its First EV Charging Station in Vishakhapatnam

4Sep By Gauri SinghNo Comments

INDIA

NTPC Launches its First EV Charging Station in Vishakhapatnam

The excitement for electric vehicles these days is at its peak. Various companies are coming up to launch their electric vehicles and also the other related ventures are coming up to build up electric vehicle charging stations to give this a boost in the economy. The state-operated power firm NTPC on Monday announced that it has built its first electric vehicle charging station in Simhadri, Vishakhapatnam. This has been done in association with the government's plan to switch to clean mobility. "NTPC initiates its first Electric Vehicle Charging Station in Simhadri, Vishakhapatnam. NTPC is fully aligned for promoting clean energy transportation in the country, while further hiking the demand for electric vehicles and power generation," NTPC said in a statement. Talking about the stati...

Bollywood Actor Ajay Devgn Launched His Multiplex Theater in UP, 50 More Into Pipeline

3Sep By Gauri SinghNo Comments

INDIA

Bollywood Actor Ajay Devgn Launched His Multiplex Theater in UP, 50 More Into Pipeline

The popular Bollywood actor Ajay Devgn has launched a theatre under the name ‘NY Cinemas’ in Ghazipur, a city in Uttar Pradesh. The actor from the previous year has been working simultaneously towards establishing a chain of multiplexes. Ajay acquired six single-screen theaters in Uttar Pradesh last year with an aim to transform into modern multiplexes. He mainly tries to focus on those areas that have a sizeable audience for Bollywood films but lack multiplexes. His first multiplex has now been launched in Ghazipur. NY Cinemas is a venture started by Ajay Devgn and with this, he plans to launch a 100 new multiplex theatres across India. He has entrusted Mumbai-based creative agency known as Colour Craft Studio (CCS) with creating a brand and cinema styling strategy that will give In...

29Aug By Gauri SinghNo Comments

INDIA

Google to Partner With Four Indian Banks to Offer Online Loans

The multinational technology giant Google is reportedly teaming up with four Indian banks for the purpose of granting consumer loans online. This move comes as the fight for a $1 trillion digital finance market is intensifying. The banks that the largest search engine is partnering with include HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Federal Bank. These banks in collaboration with Google will offer instant, pre-approved loans to customers “right within Google Pay in a matter of seconds.” In this technology-driven era, internet giants are joining the league to provide financial services in the world’s fastest-growing mobile arena. Online lending is becoming the next big thing as mobile users look for small loans with minimal paperwork and formalities. This also helps to save ti...

EVs to Get Upto Rs 1.4 Lakh Subsidy, Petrol Cars to Become Expensive

28Aug By Gauri SinghNo Comments

INDIA

EVs to Get Upto Rs 1.4 Lakh Subsidy, Petrol Cars to Become Expensive

Nowadays, electric vehicles are getting major attraction and therefore, the government has reportedly decided to offer a direct subsidy of around Rs 1.4 lakh for each electric car with an aim to boost sales of the electric vehicles, including cars and two-wheelers and three-wheelers. The particular announcement was made during a meeting of the committee on EVs on 23rd August 2018, which was chaired by Expenditure Secretary AN Jha. Along with this decision, the ministry also decided to increase the allocation of subsidy on e-vehicles from Rs 4,000 crore to Rs 5,000 crore for a period of five years under the second phase of Faster Adoption and Manufacturing of Electric (and Hybrid) vehicles (FAME) scheme. Under the phase 2 of the scheme, the government is looking to see about 8-fold in...

23Aug By Gauri SinghNo Comments

INDIA

Alinz Plans to Bring Portable Petrol Pumps to India

Alinz Portable Petrol Pumps has announced that they have partnered with Czech firm Petrocard for the purpose of building four portable petrol manufacturing units in India. These units will manufacture machines for such pumps. This program is to be taken forward with an expected investment of Rs 1,600 crore. The company believes that portable petrol pumps can help in cutting the land and time required to build a filling station in the country and it would be more helpful in areas where the land is scarce. “We would soon be able see an unmanned fuelling station where we, on our own can refuel our vehicle making digital payment,” Alinz managing director Inderjeet Pruthi said. The concept of portable petrol pumps is new to India and this has been approved by the Ministry of Petroleum and ...

20Aug By NitishNo Comments

INDIA

India Creates 47 Lakh Jobs Till June

Employees' Provident Fund Organisation "EPFO" of India reveals that as many as 47.13 lakh jobs created during September 2017 to June this year. However, the number is lowered by 12.38 percent, from 44.74 lakh to 39.20 lakh member for September 2017-May 2018 period of new members enrolment. According to the payroll data released by the Employees' Provident Fund Organisation (EPFO) for September-May, as many as 44.74 lakh new member was enrolled for its social security schemes to provide benefits, including provident fund, insurance, and pension. According to the latest data of EPFO, the new member's enrolment in June is the highest so far in the last 10 month at 7,93,308. The maximum number 2,53,466 were recorded in the age bracket of 18 to 21 years followed by 2,05,177 in 22 to 25 ag...

20Aug By Gauri SinghNo Comments

INDIA

The 170 Year Old Journey of Chai in India

There is barely a person in India who is not fond of chai that is tea. But do you know where did it come from? So let’s talk about the 170 years of Chai in India. The craze of Chai started when a Scottish mandarin smuggled a tea plant from China in 1848, where the Chinese people have been drinking it for around 2,000 years. Long ago, the value of tea was very high. In 1635, the prices of tea in England were as high as £6 to £10 per pound of the herb (£600 to £1,000, today). Later in 1662, in the wedding of King Charles and Catherine of Braganza, her dowry comprised of a chest of tea, and the island of Bombay for an annual lease of £10, which was then equal to the cost of a pound of tea in England. However, later by the 18th century, due to certain reasons, the English were not able t...