Current Affairs - Business

EPFO has raised the interest rate on EPF deposits to 8.25% for the fiscal year 2023-24, marking a three-year high. This decision was made during a meeting of the Central Board of Trustees (CBT), signifying a marginal increase compared to previous years.

Mahindra has collaborated with the Brazilian aerospace company Embraer to fulfil the Indian Air Force's acquisition needs for the C-390 multi-mission transport aircraft. This partnership aligns with India's defence modernization goals under the Atmanirbhar Bharat initiative.

Dynamatic Technologies collaborates with Airbus to manufacture all doors for the A220 family aircraft in India. Jyotiraditya M. Scindia unveiled this partnership. The move aligns with India's push for aerospace manufacturing, with Dynamatic Technologies aiming to double its exports through this endeavour.

The DigiReady Certification Portal aims to empower MSMEs and small retailers by assessing and certifying their digital readiness. This initiative facilitates their seamless onboarding as sellers on the ONDC platform, enhancing their digital capabilities and business potential.

The 'Smart Cards' for startups were launched by the MSME Minister of Tamil Nadu, offering a range of products and services at subsidized rates to support the growth of businesses in the state.