Other Briefings
White Goods Manufacturing in India: PLI Scheme Reopened from July 15 to October 12, 2024
Both new applicants and existing beneficiaries of the PLI Scheme for White Goods (PLIWG) seeking to invest more by moving to a higher target segment, as well as their group companies applying under a different target segment, will be eligible to apply, provided they meet the eligibility conditions.
Modi Government Reconstitutes Cabinet Committees After 2024 Elections
Following the 2024 general elections, Prime Minister Narendra Modi’s new government has announced eight cabinet committees, with members appointed from key NDA coalition partners. We list the new cabinet panel members and discuss the significance of the new political appointees.
Revenue Generated by India’s Top States to be Robust in FY25
According to a report, Indian states’ revenue collection will be primarily driven by robust GST collections and the devolution of finances from the central government in FY 2024-25.
India to Fund AI Computing Infrastructure with 10,000 GPUs
At the INDIAai Summit 2024, Union Minister of Electronics and IT, Ashwini Vaishnaw said the country will invest in an AI computing infrastructure with at least 10,000 graphics processing units.
Andhra Pradesh Reignites Amaravati Capital City Ambition
The Andhra Pradesh government has issued a gazette notification on the Amaravati Government Complex Master Plan, reviving the new capital project nearly a decade after Telangana’s bifurcation. We discuss the stakes involved as Hyderabad will no longer be the joint capital of the states of Andhra Pradesh and Telangana from June 2, 2024.
Hyundai India’s Strategic IPO Entry to Strengthen Position in the Domestic EV Market
Hyundai India’s IPO listing is anticipated to be the largest ever in the Indian market, valued at US$2.9 billion. Investment banks like Citi, JP Morgan, HSBC, Morgan Stanley, and Kotak are advising Hyundai on the IPO entry.
India, U.S Extend Equalization Levy Deadline on E-Commerce Transactions
India and the US agreed to extend the equalization levy on e-commerce until June 30, 2024, with the aim to maintain stability in digital business operations between the two countries.
India’s Standing in the Emerging Asia Manufacturing Index 2024
According to the Emerging Asia Manufacturing Index 2024 published by Dezan Shira & Associates, India ranks highly on three indicators, namely, workforce, economy, and business environment. We contextualize the findings and discuss recent developments.
