rupee, loan, indian rupee

Union Cabinet on Wednesday approved a Rs 13,000 crore PM Vishwakarma scheme that will benefit about 30 lakh traditional artisans and craftsmen, including weavers, goldsmiths, blacksmiths, laundry workers, and barbers.
Prime Minister Narendra Modi made the announcement about the scheme in his Independence Day address on Tuesday.
Under the scheme, craftsmen will be provided a subsidised loan of Rs 1 lakh in the first tranche, and another Rs 2 lakh in the second tranche, communications minister Ashwini Vaishnaw said after the Cabinet meeting.
The loans will be provided at a concessional interest rate of 5 per cent.
On Tuesday, the prime minister announced that the scheme will be launched on Vishwakarma Jayanti on September 17.

Weavers have been expecting relief similar to that for migrant workers

A state government official said: "This will help them become self-reliant and boost sales of khadi products"

The government will launch an outreach programme this year to train artisans, weavers and jewellery manufacturers to help them list their products on e-commerce platforms and tap export opportunities, a top official said on Tuesday.
Highlighting the "huge export potential" of the one district one product (ODOP) scheme, ready-made garments, gems and jewellery and over-the-counter products, Director General Foreign Trade Santosh Kumar Sarangi said an outreach programme will be rolled out this year to impart training on how to onboard e-commerce platforms and display and market products.
"We are going to launch a huge outreach programme where we will train our artisans, weavers, jewellery manufacturers, to onboard e-commerce platforms and export their products directly from there, without being dependent on anyone else," Sarangi said at an event.

Basavaraj Bommai, Karnataka CM

He said the government has hiked the financial assistance to the weavers under the Nekar Sanman scheme to Rs 5,000

The Ministry of Textiles has taken steps to onboard weavers and artisans on the Govt e-Marketplace (GeM) to enable them to sell their products directly to various govt departments and organizations

Rug industry

An industry, unravelling: Work is demanding, pay just enough

amazon, e-commerce, e-tailers, e-firms, online, digital, delivery, warehouse

Over 800,000 artisans and weavers associated with 1,500 Amazon Karigar sellers and 17 government emporiums including Tantuja, Harit Khadi, Tribes India will benefit from this mela

Weavers witnessed a near-complete erosion of the handloom value chain during the lockdown

Union Women and Child Development Minister Smriti Irani

Irani has called upon big commercial brands like BIBA and Arvind Mills to source cloth directly from the weavers

High-level meeting chaired by Home Minister Amit Shah on preparedness to tackle flood situations in different parts of country, in New Delhi on Friday. Senior officials of the National Disaster Management Authority (NDMA), National Disaster Response

In a series of tweets, Shah said Prime Minister Narendra Modi's mantra of 'vocal for local' will surely boost the morale of the handloom sector

PM Modi's 'gamcha' face mask boost employment of UP town's weavers

Amid growing demand, e-commerce companies in Kanpur have been acquiring these gamchhas to sell them online

Handloom, weavers,

The group's chief believes that reviving the handicraft and handloom sector could be a critical step in developing a more robust economy

Saggere Radhakrishna

How K Radharaman, founder of Bengaluru's House of Angadi, is helping to shape the course of India's textile history

Weavers reel under post-GST hike in yarn prices

A post Goods and Services Tax (GST) hike in prices of fully drawn yarn (FDY) and partially oriented yarn (POY) by 5-7 per cent has sent the synthetic textile weaving industry reeling under margin pressures. The price hike has been caused by rising raw material prices such as purified terephthalic acid (PTA) and monoethylene glycol (MEG) which have spiked on the back of rising crude prices.However, at a time when several weavers, processors and traders are yet to register under GSTN, along with lack of clarity over accumulated duty credit and reverse charge mechanism (RCM), decentralised powerlooms and textile processing units are finding it tough to sustain under rising input costs."There is still uncertainty in the industry since registration process is still going on. Weavers, processors and traders are not in the position to buy or sell. At such a time, a price hike in raw materials is having a significant impact on our input costs as well as margins," said Ashish Gujarati, ...

Smriti Irani

Textiles Minister Smriti Irani says govt is planning to increase the level of insurance cover of handloom weavers under the MGBBY

The stock of the public sector bank (PSB) touched Rs 51, its highest level since March 2015, on improved operating performance

Indian Overseas Bank, IOB

A corporate presentation notes the "consistent shareholder returns" from more than $11 billion in dividends over the past decade

Vedanta

Stocks to Watch on Wednesday, October 4, 2023: Bajaj Finserv's insurance arm, Bajaj Allianz General Insurance has received a show cause notice alleging a tax demand of Rs 1,010.05 crore

image

The US and Europe are offering 8 to 10 times more subsidies amounting to a massive $650 billion, around 18 per cent of India's gross domestic product

solar power, solar energy, green energy, clean energy

Closing Bell on October 4, 2023: Nestle India, HDFC Bank, HUL, Infosys, and TCS rallied between 0.6 per cent and 3 per cent. Axis Bank was the biggest laggard, down 5 per cent

BSE, NSE, Sensex, Nifty, stock markets

The industry is taking the lead in using the devices and a wider business use is expected soon

drone drugs, drone medicine

Syama Prasad Mookherjee Port (SMP), formerly known as Kolkata Port Trust, and NTPC Green Energy (NGEL), a subsidiary of NTPC Limited, will form a joint working group to set up a green hydrogen and ammonia hub at the port, an official said on Sunday.
The MoU between the two public sector entities was signed last week, aiming to explore opportunities for the production, storage, handling, and bunkering of green hydrogen, green ammonia, and its derivatives with the support of the port, the official said.
As part of the National Hydrogen Mission, shipping and port operations will play a critical role in driving trade in green energy. Ports are therefore being developed to support the export requirements of green energy.
Speaking to PTI, SMP deputy chairman Samrat Rahi said that the scope of the MoU includes forming a joint working group to conduct a feasibility study, identify land for the project, and deliberate on financial models of partnership for the clean energy project here.
The

NTPC

Odisha's GST collections increased by 12.85 per cent to Rs 4,249.12 crore in September, officials said on Sunday.
The state had collected a gross GST revenue of Rs 3,765.17 crore in the same month last year, they said.
The collection to be retained by the state (OGST+IGST settlement) was Rs 1,651.58 crore, against 1,157.08 crore in September 2022, a growth of 42.74 percent, they added.
The state generated 20.66 lakh waybills in September, as compared to 17.66 lakh waybills during the corresponding period of last year.
Helped by improved compliance, overall GST collections in the country increased by 10 per cent to over Rs 1.62 lakh crore in September, crossing the Rs 1.6 lakh crore mark for the fourth time during the current financial year.

Fountain, a provider of hiring automation software for frontline workforces, considers India as one of the "big hubs" in this space, a top company official said.
The company is present in the US, Western Europe - UK, France, Germany as well as in South Africa, India, New Zealand and a few other countries. "The big hubs are India, UK and France," Founder and CEO of the company Sean Behr told PTI.
"Fountain focuses exclusively on the blue collar and gray collar workforce. A vast majority of people ... don't ...do PowerPoint or Excel, they do things on the frontlines of our economy," Behr said, adding that hiring and retaining workers in the blue and grey collar economy has never been more difficult.
India is the "most natural place" to invest, and to expand as there is a huge opportunity and growth rate in the blue/grey collar market, Behr noted.
"China has some similar dynamics, but obviously there's geopolitical challenges, while in India you have a bigger population and a very goo

jobs, employement, workers, IT firms, Information technology, call centre, white collar, office, work

The government's new project announcements, which typically include roads and other public infrastructure, are down 72.5 per cent year-on-year to Rs 0.4 trillion in September 2023

factories

What the data suggests, however, is that India's numbers are unsustainable. They're driven by debt-fueled household consumption and government investment

Rupee, Indian Rupee, Indian currency

Indri whisky is the first Indian whisky to win this renowned award

whisky

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

The Confederation of All India Traders (CAIT) wrote to Amitabh Bachchan stating that his recent ad for Flipkart spreads misinformation and hurts local businesses

Amitabh Bachchan

Even if generative artificial intelligence has been overhyped, it's safe to assume that ChatGPT-type bots will only get better at routine tasks like writing computer software

jobs, IT jobs, IT industry, AI

Honda's MotoGP team and former world champion Marc Mrquez will be ending their 11-year partnership at the end of the season, the Japanese engine maker said Wednesday.
Driving a Honda, Mrquez won six world championships, won 59 races, and secured 64 pole positions in the MotoGP class.
His last world championship came in 2019. The 30-year-old Spaniard has struggled with injury since he broke his right arm in the 2020 opener. He is currently 15th in the points standings.
The agreement will cut short Mrquez's current contract by a year.
Both parties agreed it was in their best interests to each pursue other avenues in the future to best achieve their respective goals and targets, Honda said in a statement.

Photo: Shutterstock

Cauvery dispute highlights poor water management policies

Cauvery water

Beverages major Coca-Cola on Wednesday said it has introduced 100 per cent recycled PET bottles for its carbonated beverage supporting the circular economy.
The company has introduced recycled PET (polyethylene terephthalate) bottles in pack sizes of 250 ml and 750 ml across several markets in India, said a statement from Coca-Cola India.
These rPET bottles are being manufactured by Coca-Cola bottling partners - Moon Beverages and SLMG Beverages Ltd, it added.
"The bottles made from 100 per cent food-grade rPET (excluding caps and labels) have an on-pack call to action "Recycle Me Again" message and will also drive consumer awareness with "100% recycled PET bottle" displayed on the pack," it said.
These rPET bottles are crafted from food-grade recycled polyethylene terephthalate. The plastic is recycled as per the technologies approved by the USFDA and European Food Safety Authority (EFSA) for food-grade recycled material and repurposed into new PET bottles, reducing the need for .

Inflation leaves Coca-Cola's bottling arm HCCB thirsty in Indi

Coca-Cola

Prime Minister Narendra Modi on Wednesday hailed the "spectacular victory" of India's 'Golden Boy' Neeraj Chopra at the Asian Games and said it is the result of his dedication and years of training

Neeraj Chopra

This recent venture marks KKR's second establishment in India, reflecting the pivotal role the Asia Pacific assumes in its overarching strategy

Weavers

Govt approves Rs 13,000 cr PM Vishwakarma scheme, will benefit 3 mn workers

Rajasthan govt approves proposal to upgrade skills of weavers, spinners

Govt to train artisans, weavers to sell products on e-commerce platforms

Decision on special corporation for development of weavers soon: CM Bommai

150k handloom agencies, weavers, 26,644 artisans on-boarded on GeM portal

Stuck in time warp, UP's carpet hub refuses to be swept under the rug

Amazon to host 'Handicrafts Mela' from Sept 26 to support artisans, weavers

For weavers, wait for govt relief continues to get longer in Uttar Pradesh

Smriti Irani asks big commercial brands to source directly from weavers

Modi govt committed to holistic development of weavers: Amit Shah

How PM Modi's iconic 'gamchha' face masks boosted employment in a UP town

As oblivion looms over weavers, a group is speaking for their survival

K Radharaman of the House of Angadi is reinventing the weave

Weavers reel under post-GST hike in yarn prices

FinMin working to converge all insurance schemes for weavers