HotHappen Finance

India’s ₹21,534 Cr PLI Push: Redefining “Make in India”

New Delhi, June 25, 2025 – The government has disbursed ₹21,534 crore under its flagship Production‑Linked Incentive (PLI) scheme across 12 strategic sectors since its launch in 2021 . The PLI initiative, part of a larger ₹1.97 lakh crore outlay, is rapidly reshaping India’s manufacturing landscape. What’s Driving the Momentum? The Production-Linked Incentive (PLI) scheme is seeing strong…

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HotHappen Finance

EPFO Raises Auto-Settlement Limit to ₹5 Lakh: A Game-Changer for 70 Million Subscribers

There’s something truly exciting happening in the world of employee benefits, and it’s something that could spark the interest of millions of working professionals across India. The Employees’ Provident Fund Organisation (EPFO) has just announced a major breakthrough that brings a wave of relief and convenience to over 70 million subscribers nationwide. A Golden Opportunity…

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No MDR on UPI: Government Doubling Down on Digital Payments

On June 12, 2025, India’s Finance Ministry officially confirmed that no Merchant Discount Rate (MDR) will be imposed on Unified Payments Interface (UPI) transactions. This clarification comes after weeks of speculation that banks and fintech firms were lobbying to revive MDR fees—widely perceived as a catalyst for monetizing UPI. Here’s what this means for merchants, consumers, and…

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