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BoB announces launch of pilot CBDC-based ‘Loyalty/Cashback Programme’ for merchants

Bank of Baroda (BoB) on Thursday announced the pilot launch of a ‘Loyalty/Cashback Programme’ functionality for merchants based on the ‘programmability’ aspect of the Central Bank Digital Currency (CBDC) in collaboration with a fintech company. This functionality will enable small and medium merchants to independently design and launch loyalty/cashback programmes for their customers, usually designed...
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DPIIT-Paytm Partnership To Boost Innovation In Manufacturing and Fintech Startups

New Delhi, Feb 27 (KNN) The Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, has entered into a strategic partnership with Paytm (One97 Communications Limited) through the signing of a Memorandum of Understanding (MoU) aimed at fostering innovation and accelerating growth in India’s manufacturing and fintech startup sectors. This collaboration will...
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India’s Bioeconomy Surges to USD 130 Bn; CSIR-IMTECH’s Microbial Research To Drive Biotech Innovation

Chandigarh, Feb 27 (KNN) Union Minister of State (Independent Charge) for Science and Technology, Dr. Jitendra Singh, conducted an inspection of the Microbe Repository and other facilities at the CSIR-Institute of Microbial Technology (CSIR-IMTECH) while receiving updates on the institute’s ongoing projects. During his review, Dr. Singh emphasised the critical role of microbial technology as...
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Budget 2025 Key Announcements: New tax bill, income tax slab, ITR extension, more from FM Nirmala Sitharaman. Full list

Budget 2025 Key Announcements: Finance Minister Nirmala Sitharaman presented the Union Budget 2025-26 in the Parliament on February 1. This was her record eighth budget presented under Prime Minister Narendra Modi-led government’s third term i.e. Modi 3.0. In her speech, Sitharaman said the Budget aims at “transformative reforms” in six key areas — financial sector,...

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