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The scheme primarily adopts the One District One Product (ODOP) approach aimed at fostering balanced regional development across all districts of the country, the minister said.
The current form of Rule 267 emerged from amendments adopted in 2000 by a committee chaired by then Rajya Sabha Chairman Krishan Kant, with members including Dr Manmohan Singh, Pranab Mukherjee, Arun Jaitley, M. Venkaiah Naidu, and Fali S. Nariman.
PhonePe's subsidiary Pincode is winding down its B2C shopping app to focus exclusively on providing B2B solutions—like inventory and order management—to help Indian offline merchants achieve efficiency and growth.
Even as the tariffs dented shipments to America, total merchandise and services exports rose 5 to 6 per cent in the July–September quarter, due to export diversification and robust policy.
Earlier on Thursday, the rupee touched 90.42 per dollar—a historic low. It is now down 5.5 per cent year-on-year, making it Asia’s worst-performing currency.
