Budget 2024 Exposed: Exploring the Intriguing Facts Behind the Budget Presentation in India   Introduction The Budget presentation in India is an important event that provides insights into the economic policies and fiscal plans of the government. With Union Finance Minister Nirmala Sitharaman set to present the interim Budget for the fiscal year 2024-25 on February 1, 2024, let’s explore some fascinating facts about the Budget presentation in the country. 1. The First Budget India […]

This Way Out: Why Founders Are Being Shown the Door at Many Startups   Startups have long been known as breeding grounds for innovation and disruption. However, recent trends show many startup founders being ousted from their own companies. This Mint primer aims to explore the reasons behind this trend and its impact on startups. Why was OpenAI’s Sam Altman asked to step down? Sam Altman, one of the founding team members and CEO of […]

MIT Scientists Develop Stable Acenes for Organic LEDs and Solar Cells Chemists at the Massachusetts Institute of Technology (MIT) have recently made a breakthrough in creating stable molecules called acenes, which have significant potential as organic light-emitting diodes (LEDs) and solar cells. This discovery opens up a range of possibilities for applications in optoelectronics, where electronic devices and systems control and detect light. Enhancing Stability and Emission Acenes are chains of fused carbon-containing rings with […]

Shachindra Nath Proposes New NBFC Category for Micro, Small, and Medium Enterprises   U Gro Capital’s managing director, Shachindra Nath, advocates for the establishment of a distinct category of non-banking financial companies (NBFCs) dedicated to serving micro, small, and medium enterprises (MSMEs). Nath, speaking to Mint, suggests the creation of an NBFC-MSME category, similar to NBFC-MFI and HFC (housing finance companies). Impact of RBI Measures and U Gro Capital’s Partnership with Laghu Udyog Bharati Nath […]

Process for Applying for Dormant Status at ESIC Portal for Newly Incorporated Companies   Introduction In this editorial, we shall discuss the process for applying dormant status for newly incorporated companies with AGILE with ESI Act. Applicability of ESIC The ESI scheme is applicable to all factories and other establishments as defined in the Act with 10 or more persons employed in such establishment. However, the threshold for coverage of establishment is 20 employees in […]