PRADHAN MANTRI VISHWAKARMA YOJANA
India’s unemployment rate is 2%, says Mandaviya citing WEF report
Union Minister Mansukh Mandaviya states India has the lowest unemployment rate among G20 nations. The Labour Ministry partners with Mentor Together and Quikr to boost job opportunities. The PM-VBRY scheme allocates funds to create over 3.5 crore jobs. NCS is a key platform for employment facilitation. The government focuses on youth with schemes supporting employment and skilling.
India's literacy rate up from 74 pc to 80.9 pc in 13 years: Dharmendra Pradhan
India's literacy rate has significantly improved, reaching 80.9% in 2023-24, as highlighted by Union Education Minister Dharmendra Pradhan. The ULLAS-Nav Bharat Saaksharta Karyakram has played a crucial role, enrolling over 3 crore learners and achieving high success rates in foundational literacy assessments.
Punjab govt to allow flood-hit farmers to mine sand from their fields: Manish Sisodia
Manish Sisodia announced that Punjab farmers will be permitted to extract and sell sand deposited in their fields by recent floods, addressing concerns about the upcoming Rabi crop. He urged Prime Minister Modi to release the "pending" Rs 60,000 crore to aid flood relief efforts during his visit to Punjab.
'1.84 lakh seats offered across 286 government ITIs': UP CM Yogi Adityanath
Yogi Adityanath government approved instructor posts in Industrial Training Institutes. UP Subordinate Services Selection Commission declared instructor recruitment results. The government is working to link youth with employment. 92 trades are running across 286 government ITIs. Over the past eight years, the state government has established new government ITIs. The Uttar Pradesh Skill Development Mission is providing free skill training.
“No regret”: Man confesses after shooting wife dead in busy Gorakhpur market amid ‘costly’ divorce dispute
In a shocking incident in Gorakhpur, Uttar Pradesh, Vishwakarma Chauhan was arrested for fatally shooting his wife, Mamta Chauhan, in a crowded market. The tragic event stemmed from a heated dispute over their pending divorce, child support demands, and farmland transfer.
All 152 DDA flats sold within an hour under 'Apna Ghar Aawas Yojana'
Delhi Development Authority's 'Apna Ghar Aawas Yojana' witnessed remarkable success as all 152 flats were booked within an hour, potentially generating Rs 100 crores. Due to high public demand for affordable housing, DDA has extended the scheme until November 26, 2025, offering ready-to-move-in flats across various categories and locations.
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Reorganisation of OFB units into defence PSUs delivered remarkable results: Centre
The corporatisation reform of the Ordnance Factory Board (OFB) has shown significant positive outcomes. The reorganisation of 41 OFB units into seven defence PSUs has led to a turnaround. There was a net profit of Rs 1,625 crore in financial year 2024-25. The Raksha Mantri Office shared this information. Earlier, there was a loss of Rs 2,844 crore in 2019-20.
Air India flight carrying Odisha CM Majhi diverted to Kolkata due to inclement weather
An Air India flight from Delhi to Bhubaneswar, carrying Odisha CM Mohan Charan Majhi, rerouted to Kolkata. Bad weather in Bhubaneswar caused the diversion. The flight, AI473, circled for 21 minutes before heading to Kolkata. Refueling occurred in Kolkata. The flight later landed in Bhubaneswar at 1259 hours. Odisha government postponed the Teachers' Day function.
Indian coal prices to be lower after tax revision, industry officials say
India's coal prices are set to decrease due to tax revisions. The consumption tax hike is offset by removing the carbon levy. This change may boost domestic coal demand, potentially reducing imports. Power generation costs could also fall. The move aims to aid power producers and Coal India's sales. Consumer tariffs might decrease if distribution companies pass on the savings.
Why are mid- and small-cap stocks underperforming despite heavy mutual fund inflows?
Despite substantial inflows into mid- and small-cap funds this year, these segments are underperforming compared to the Nifty 50. Significant share sales by promoters, private equity investors, and increased IPO activity are absorbing much of the investment. This supply, coupled with cautious institutional allocation, is pressuring mid- and small-cap stock performance.
Next-gen GST reforms will set economy open and transparent, says Finance Minister Sitharaman
Union Finance Minister Nirmala Sitharaman announced next generation GST reforms. These reforms aim to create an open and transparent economy. The reforms will reduce compliance burdens and benefit small businesses. PM Modi announced a task force to simplify regulations. Banks are urged to expand credit and support infrastructure development.
Agriculture Ministry to create dedicated portal for farmers' complaints: Shivraj Singh Chouhan
Union Agriculture Minister Shivraj Singh Chouhan has announced the creation of a dedicated portal to address farmers' grievances and ensure their prompt resolution. He instructed officials to prioritize resolving complaints related to substandard inputs like fertilizers, seeds, and pesticides, emphasizing the need to protect farmers from exploitation.
Inside govt's plan to make your dream house more 'affordable' amid luxury boom in India
As India's luxury real estate booms, the government intensifies efforts to boost affordable housing. The Centre urges states to control land prices and implement policies for accessibility, including lower land costs for affordable projects under PMAY. Policy reforms and a compliance framework are proposed to ensure affordable housing development, emphasizing suitable locations and integrated approaches.
Punjab floods: CM writes to PM Modi, seeks release of Rs 60,000 crore
Punjab faces severe floods affecting thousands of villages. Chief Minister Bhagwant Mann has requested Prime Minister Narendra Modi to release Rs 60,000 crore of the state's funds. Mann seeks revised SDRF norms for higher compensation to farmers. He highlights significant crop and livestock losses. The state government wants to pay Rs 50,000 per acre to affected farmers.
India to become world's third largest economy soon, says RBI Governor Sanjay Malhotra; hails PM Jan Dhan Yojana
RBI Governor Sanjay Malhotra stated that India is poised to become the world's third-largest economy, attributing this growth to the Pradhan Mantri Jan Dhan Yojana. He highlighted the scheme's success in opening 55 crore accounts, fostering financial inclusion and enabling citizens to participate in the nation's economic progress. India's recent GDP growth of 7.8% further supports this positive outlook.
Affordable housing supply dips as developers focus on luxury projects
A new report reveals a concerning decline in affordable housing supply across India's top cities, with the supply-to-demand ratio plummeting from 1.05 in 2019 to just 0.36 in 2025. Developers are increasingly focused on luxury projects, exacerbating the existing shortage of 9.4 million units.
Mobile link shields PMJDY A/Cs from fund diversion
The government reports success with the Pradhan Mantri Jan Dhan Yojana. Linking accounts to mobile and Aadhaar prevents subsidy diversion. Over 560 million accounts opened since 2014 with ₹2.68 lakh crore deposited. Nirmala Sitharaman highlights the scheme's role in direct benefit transfer and financial inclusion. A significant portion of accounts are in rural areas and held by women.
PM Jan Dhan Yojana gave people power to script their own destiny: Modi
Prime Minister Narendra Modi celebrated the 11th anniversary of the PM Jan Dhan Yojana, highlighting its role in empowering citizens and fostering national progress through financial inclusion. Launched in 2014, the scheme aimed to provide universal access to banking facilities, financial literacy, credit, insurance, and pension facilities.
More than 56 crore Jan Dhan accounts opened in last 11 years: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman highlights the success of Pradhan Mantri Jan Dhan Yojana. Over 56 crore Jan Dhan accounts opened in 11 years. These accounts brought millions into formal banking. Total deposits reached Rs 2.68 lakh crore. More than 38 crore RuPay cards issued for digital transactions. The scheme focuses on financial inclusion for rural areas and women.
Bihar govt to provide interest-free loan, subsidy to specially abled persons to promote entrepreneurship
The Bihar government has approved the 'Mukhya Mantri Divyangjan Udyami Yojana' to encourage entrepreneurship among specially abled individuals. The scheme offers a Rs 5 lakh subsidy and a Rs 5 lakh interest-free loan. Initially, the program will support 100 people, with potential expansion based on application volume.
Rajasthan cabinet approves vision document, 3 bills including on youth entrepreneurship
The Rajasthan cabinet has approved 'Viksit Rajasthan/2047', a vision document aiming for significant economic growth and sustainable development. Key initiatives include the 'Vishwakarma Yuva Udyami Protsahan Yojana' to support youth entrepreneurship with subsidized loans. Furthermore, Rajasthan University of Health Sciences will be upgraded to Rajasthan Institute of Medical Sciences, modeled after AIIMS Delhi, enhancing postgraduate medical education.
PM Modi on 2-day visit to Gujarat from August 25
Prime Minister Narendra Modi is set to inaugurate houses built under the Pradhan Mantri Awas Yojana and initiate projects worth Rs 5,477 crore during his two-day visit to Gujarat, starting August 25. The projects span urban development, water supply, and transportation infrastructure across Ahmedabad, Gandhinagar, and Mehsana. On August 26, he will inaugurate Maruti Suzuki's first electric vehicle production line.
Private banks told to step up Jan Suraksha, credit outreach play
The government is urging private sector banks to increase their involvement in key financial inclusion initiatives like Jan Suraksha and SLBCs. Concerns have been raised about the insufficient engagement of some private banks, hindering the effectiveness of these programs. The government is emphasizing the need for faster claim settlements and improved banking infrastructure in rural areas and the Northeast.
NPA against outstanding amount under Mudra Yojana rises to 9.8% in March 2025
The Pradhan Mantri Mudra Yojana (PMMY) scheme's NPA rate for Scheduled Commercial Banks has increased to 9.81% as of March 2025. Loans against gold jewellery have surged by 71.3% during December 2024, promoting financial inclusion, especially for rural and underserved segments. Government initiatives aim to support women borrowers and address factors influencing gold prices.
Registration portal for Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) goes live
Urging the employers and first-time employees to take benefit of the employment linked incentive scheme, labour and employment minister Mansukh Mandaviya said on Monday that the central sector scheme, with an outlay of nearly Rs 1 lakh crore, aims to incentivise the creation of more than 35 million jobs in the country, over a period of two years starting August 1, 2025, to July 31, 2027
Pradhan Mantri Viksit Bharat Rozgar Yojana: How much employee and employer will get under Employment Linked Incentives scheme?
Narendra Modi announced the Pradhan Mantri Viksit Bharat Rozgar Yojana on August 15, 2025. The scheme aims to generate 3.5 crore jobs with a Rs 1 lakh crore outlay. It has two parts: incentives for new EPF members and employers. Employees earning up to Rs 1 lakh will get wage incentives.
Nara Lokesh meets Union Minister Hardeep Singh Puri, urges Centre's support for BPCL refinery at Ramayapatnam
Nara Lokesh, Andhra Pradesh IT Minister, engaged with Union Ministers Hardeep Singh Puri and S. Jaishankar in Delhi. Discussions centered on fast-tracking the BPCL refinery project in Ramayapatnam. Lokesh also promoted the Deepam 2.0 scheme. He sought central support for energy and maritime sector investments. Furthermore, Lokesh pushed for stronger diaspora engagement and skills mobility with Jaishankar.
Higher sales realisation and volume growth boost cement companies' earnings in June quarter
Cement companies in India performed well in the June quarter. They saw volume growth and better sales. Government spending on infrastructure helped. Lower costs for coal and petcoke also boosted profits. UltraTech, Ambuja, and Birla Corporation reported increased sales. Some companies faced challenges due to regional issues and weather. Cement prices increased compared to last year.
PM Viksit Bharat Rozgaar Yojana: PM Modi announces Rs 1 lakh crore scheme for youth in Independence Day 2025 Speech
Prime Minister Modi launched a significant ₹1 lakh crore initiative on Independence Day, designed to empower India's youth. The scheme provides direct financial assistance of ₹15,000 to individuals. This support aims to foster entrepreneurship, enhance skill development, and promote self-reliance among young Indians, marking a substantial investment in their future.
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