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  • Government Intends to Invest INR 2,000Cr to Improve EV Charging Infrastructure

    With an emphasis on battery swapping facilities, the Indian government plans to expand EV charging infrastructure. This expansion is likely to cover important transportation hubs, such as ports, highways, railroads, and airports. According to a media report, a top official affirmed the project as a component of a larger endeavour to increase EV adoption in the nation. To identify the best places for EV charging stations, the Ministry of Heavy Industries (MHI) is working with the Airports Authority of India (AAI), the National Highways Authority of India (NHAI), the Ministry of Ports, Shipping, and Waterways, and many state governments. The installation of EV charging stations and battery-swapping stations has been allotted INR 2,000 crore under the INR 10,900 crore PM E-Drive programme. In order to accommodate the increasing number of EV users and lessen dependency on internal combustion engine vehicles, the government plans to expand the number of public charging stations from 32,500 to 72,300 by FY26.

    Expansion to Major Transport Corridors

    EV charging stations are already available at a number of transportation passageways, such as the Indira Gandhi International Airport in Delhi, the Kochi Airport, the NH-48 (Delhi-Jaipur-Agra), and the NH-179B (Chennai-Trichy). Other sites are being evaluated for additional installations. According to the official, the administration held an interministerial meeting and received feedback from 14 states. Upon receiving further input from pertinent departments, the administration will complete the guidelines by April. MHI has selected 20 national routes with heavy truck traffic for charging infrastructure in order to support long-distance EV travel. According to the report, MHI will give financial support, up to 80% of the project expenditures, while NHAI will manage the procurement process. Among the busy roads under consideration are the Bengaluru-Chennai and Mumbai-Pune highways. Based on traffic data, NHAI will pinpoint the precise sites, while MHI will manage the allocation of funds.

    Battery Swapping and its Specifics

    The official clarified that the government will accept battery swapping proposals from ports, airports, and NHAI. However, they need to adhere to the safety and technical requirements set forth by the power ministry. AAI must mention power capacity and pricing specifications if it plans to incorporate a battery-swapping facility in its tenders. Operators will also have to fulfil investment-based service-level requirements. According to a media report that cited the official, businesses might have to buy batteries to guarantee this degree of service. The service-level agreement will contain topics like uptime, power quality, and service specifications, even though this might not be a formal requirement. The quantity of batteries, however, will not be mentioned. The AAI, NHAI, and state governments will eventually make this decision. As part of the programme, the government is willing to offer subsidies for swapping stations.

  • By July, Kaynes Expected to Deliver India’s First Packaged Chip

    By July, Kaynes Semicon, a business situated in Mysuru, may become the nation’s first manufacturer of packaged semiconductor chips. This would be a significant milestone for the India Semiconductor Mission 1.0. The schedule was confirmed by senior government officials and Kaynes CEO Raghu Panicker. According to Panicker, the clean room facilities and machinery are expected to be finished by early May, and the pilot line is “almost” finished. According to him, the first samples will be delivered to the US semiconductor company Alpha Omega Semiconductor in July, while qualification testing is scheduled for June. According to Panicker, prior to the permission, the company had been getting ready for clients, technological partners, and building designs.

    Kaynes’ Planning for the Future

    The cabinet gave Kaynes permission in September of last year to invest INR 3,307 crore in the establishment of an outsourced semiconductor assembly and test (OSAT) plant in Sanand, Gujarat. The facility will be able to make 6.3 million chips every day. Alpha Omega Semiconductor and Kaynes have reached a multi-year deal for Kaynes to package and test 12 distinct packages. These consist of a power MOSFET, an insulated-gate bipolar transistor, and an intelligent power module (IPM). Initial production samples will be sent by the company for assessment in July and August. The company has inked a definitive multi-year arrangement with Alpha Omega Semiconductor, and in the first phase, they would use about 60% of its capacity, Panicker told a media house. Kaynes anticipates making millions of dollars during the course of the multi-year agreement.

    Three Other Firms Received Approval from the Centre

    The cabinet also approved three more companies: Micron, Tata Electronics, and CG Power. Additionally, Tata Electronics is establishing the first wafer production facility in India. Tata Electronics obtained cabinet permission for its OSAT and fab in February of last year. Meanwhile, Micron gained cabinet approval for its ATMP in June 2023. In February of last year, the cabinet also approved CG Power’s OSAT. According to Panicker, Kaynes has four customers lined up in addition to Alpha Omega, including in the US and Japan. The company will shortly reveal its second customer. The company will concentrate on high-voltage packages for satellites and air conditioners. With a new PCB facility in Tamil Nadu and other projects in Madhya Pradesh and Odisha, Kaynes is also growing its presence. With this sector, Kaynes will make its debut in the state of Tamil Nadu, where the facility will concentrate on bare board PCBs.

    Panicker stated, “We are considering our options in Odisha and Bhopal (Madhya Pradesh),” suggesting that these initiatives would also fall within the semiconductor industry but not PCB production. 50% of the investment in the Kaynes chip assembly factory, or INR 1,653.5 crore, would come from the Centre, with the Gujarat government providing the remaining 20%. The company is making the remaining 30% of the investment, or INR 992.1 crore. However, the corporation and the central government have not yet signed the fiscal assistance agreement. In December 2023, Kaynes raised money for the same purpose.

  • The Reciprocal Tariffs Implemented by Donald Trump from April 2: Is it a Worrying Factor for India?

    The reciprocal tariffs that President Donald Trump intends to implement on April 2 will apply to all countries. Earlier, it was speculated to be meant for those with the most significant trade imbalances with the US. India, China, the European Union, Mexico, Vietnam, Taiwan, Japan, South Korea, and Canada are among the nations that are expected to be impacted by Donald Trump’s “Liberation Day” tariffs. On 31 March, however, White House press secretary Karoline Leavitt stated that the president will announce his intentions to apply reciprocal tariffs on all of the US’ trading partners on 2 March. She went on to say that Trump alone will decide whether or not the tariffs’ specifics are made public. Trump has consistently demonstrated his aggressiveness with tariff threats since taking office for a second term in January of this year.

    President’s Claims Vs Reality?

    The leader of the Republic has maintained that tariffs will shield American businesses from unfair competition. He further pointed out that it will also provide revenue for the federal government. He also mentioned that it will also empower the government to pressure other countries into making concessions. But according to reports, analysts have warned that imposing wide tariffs at these rates might only backfire. Tariffs have a tendency to increase prices for consumers, but companies worldwide stand to lose a great deal if their expenses rise and sales decline. Import levies have already angered the financial markets and eroded consumer confidence, as has the uncertainty surrounding future trade.

    Is it Alarming for India

    According to an international news agency report earlier this week, India and the US have agreed to finish a portion of a bilateral trade pact by this year. However, neither party has indicated any signs of any tariff exclusions. Days before the implementation of US President Donald Trump’s reciprocal trade tariff plan, both nations held trade negotiations in New Delhi this week. Furthermore, the postponed import duties on Mexico and Canada may soon be implemented.

    Indian Pharma Sector Already Raising its Eyebrows

    India now levies a 10% duty on pharmaceutical imports from the US. On the other hand, the US does not impose any tariff on Indian pharmaceutical imports. According to analysts, reciprocal tariffs on imported medications will, at most, amount to 10% if they are applied to the pharmaceutical industry. Pharma corporations, according to experts, would try to pass on the tariff increases to payors. The entire supply chain will have to partially absorb the rise if the expenses are not transferred to the final patients. According to a media source, businesses that are most exposed to the US generics market will probably experience a one-time impact to their Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) of between 9% and 12% if there is no pass through.

  • IndiQube Spaces Limited Gets SEBI Nod for INR 850-crore IPO

    Managed workplace solutions company IndiQube has received the capital markets regulator SEBI’s go-ahead to raise INR 850-crore through an IPO. The Bengaluru-based company, which filed its DRHP in December 2024, obtained its observation letter on 24th March 2025, an update the SEBI showed.

    According to the DRHP, the proposed IPO is a combination of a Fresh Issue of equity shares aggregating up to Rs. 750 crores and an Offer for Sale (OFS) of equity shares aggregating up to Rs. 100 crores. IndiQube proposes to utilize Rs. 426.6 crore from the Net Proceeds of the Fresh Issue towards funding capital expenditure, INR 100 crore for repayment or prepayment of borrowings, and the balance towards general corporate purposes.

    Led by Co-founders Rishi Das and Meghna Agarwal, the company is backed by prominent venture capital firm WestBridge Capital and renowned individual investor Ashish Gupta.

    IndiQube, which was incorporated in 2015, manages a portfolio of 103 centers across 13 cities, including 6 Tier II cities. It has a portfolio covering 7.76 Mn Sq.ft. of AUM with a total capacity of 172,451 seats as of June 30, 2024. Its clients include GCCs, Indian corporates, unicorns, and startups across sectors with Myntra, upGrad, Zerodha, NoBroker, Redbus, Juspay, Perfios, Moglix, Ninjacart, Siemens, and Narayana Health, to name a few.

    On the financial front, it reported a Total Income of INR 867.6 crores in the Fiscal year 2024 as against INR 601.2 crores in the Fiscal year 2023. The company’s FY24 EBITDA stood at INR 263.4 crores, while for Q1FY25 itself, the EBITDA was Rs. 153 crores. IndiQube has also received a CRISIL A+ / Stable rating.

    According to a CBRE report, the flexible workspace stock in India currently stands at over 79 million sq.ft. out of which Tier 1 cities account for over 72 million sq.ft. The Tier 1 stock is estimated to grow to approximately 124 Mn sq. ft. by the end of CY2027.

    ICICI Securities Limited and JM Financial Limited are the Book Running Lead Managers to the offer. The equity shares are proposed to be listed on BSE and NSE.

    IndiQube Files DRHP for INR 850 Cr IPO
    IndiQube, a leading coworking space provider, has submitted its Draft Red Herring Prospectus (DRHP) for an IPO worth INR 850 crore, marking a major milestone.
    StartupTalkyNitin Konde

  • At $300 Billion Valuation, OpenAI Raised $40 Billion

    On March 31, OpenAI announced that it has raised $40 billion in a fresh round of fundraising at a valuation of $300 billion. The San Francisco-based company stated in a post on its website that the funding “enables us to push the frontiers of AI research even further”. This new funding round is a part of a relationship with the Japanese investment giant SoftBank Group. According to the company, SoftBank’s backing will enable the company to keep developing AI systems that advance scientific research, facilitate individualised learning, foster human creativity, and open the door to artificial general intelligence (AGI) that will benefit all people. AGI is a computational platform that possesses human-level intelligence.

    SoftBank’s Vision of Artificial Super Intelligence (ASI)

    According to a press release from SoftBank, OpenAI is the partner that is most likely to help the company achieve its objective. The core objective of SoftBank is to create Artificial Super Intelligence (ASI) that is superior to human intelligence. In its justification for the most recent investment in the business, SoftBank said that massive processing capacity is necessary to achieve AGI and ASI. So to achieve this goal, the development of OpenAI’s AI models is crucial. SoftBank plans to invest $10 billion in OpenAI initially, with an additional $30 billion due by the end of this year. The 500 million users of ChatGPT each week will receive increasingly potent capabilities as OpenAI expands its infrastructure.

    OpenAI Working on Building More Open Generative AI Model

    The investment announcement coincided with OpenAI’s announcement that it was developing a more open generative AI model. It is doing so in response to increased competition from Chinese rival DeepSeek and Meta in the open-source field. OpenAI, which has always defended closed, proprietary models that prevent developers from modifying the core technology to make AI more suited to their aims, would change course. OpenAI and closed model supporters like Google have argued that open models are riskier and more vulnerable to malevolent actors and non-US governments. In its conflicts with previous investor and world’s richest man Elon Musk, OpenAI’s adoption of closed models has also been a point of controversy. Musk has urged OpenAI to uphold the company’s name and “return to the open-source, safety-focused force for good it once was.”

    Many large firms and governments are steering away from building AI goods or services on models they don’t control, especially when data security is concerned, putting pressure on OpenAI. Meta’s family of Llama models and DeepSeek’s models address these concerns by letting companies download their models and have more control over modifying the technology and data. In January, DeepSeek’s lower-cost R1 model shook artificial intelligence, while Meta CEO Mark Zuckerberg announced Llama’s one billion downloads this month.

  • Royal Enfield Surpasses 1 Million Unit Sales in FY2025

    Royal Enfield crosses record 1 million sales milestone in FY 2025.

    An icon in the motorcycle industry, Royal Enfield has hit a very big sales milestone in the financial year 2025. The company crossed the 1 million mark, recording a total of 10,09,900 units sold for the year. This is a massive achievement for the legendary brand, as it registers a 34% year-on-year growth in sales. Owing to the demand, both in India and overseas, along with a series of new model launches, Royal Enfield is riding a wave of success in the two-wheeler space.

    Strong Growth in the Domestic Market

    Royal Enfield’s growth in India has been the driving force behind its historic sales figures. With the domestic market remaining the company’s primary focus, the brand managed to sell a total of 9,02,757 units locally, reflecting a remarkable 33% increase in year-on-year sales. The most significant jump occurred in the month of March ’16, when Royal Enfield’s domestic sales rose to a whopping 88,050 units, compared to a still-respectable 66,044 seen in the same month of ’15. This impressive surge is a direct result of Royal Enfield’s aggressive approach to new product launches, revamping older models, and responding to market demands with fresh and exciting options.

    This growth was fueled by models such as the Hunter 350 and Super Meteor 650. While the Hunter topped the half-million mark in sales, the Super Meteor 650 crossed the 50,000 unit threshold. These two, along with other crowd-favorite options such as the Meteor 350 and Classic 350, saw Royal Enfield grow during the 2022-2023 financial year.

    Impressive Export Performance

    Royal Enfield’s international journey is impressive indeed. The company saw an outstanding 37% increase in the amount of motorcycles exported, sending a total of 1,07,143 units for sale in overseas markets. This trajectory is a strong indicator of not just the brand’s but also the company’s deepening global military presence. March 2025 alone saw exports amounting to 12,971 motorcycles, for a to-date total that is 36% ahead of last year’s figure in the same month. This upward trend tells me that Royal Enfield is finding it easier, rather than harder, to peg itself as a global premium motorcycle brand.

    High Quality and Reliability – J.D. Power Study

    One reason behind Royal Enfield’s success is its image as a manufacturer of dependable and long-lasting motorcycles. In the 2025 J.D. Power India Two-Wheeler Initial Quality Study, the company won the gold medal for wedded bliss between its motorcycles and their owners. The motorcycles of Royal Enfield’s owners reported 9 problems per 100 vehicles (PP100) when ridden for over 2,500 km in the first six months of ownership. This low figure, way better than the average of 19 PP100, suggests that Royal Enfield is producing quality motorcycles, and the riders have rewarded it for that.

  • Renault to Acquire Full Control of India Operations: A Major Shift in the Renault-Nissan Alliance

    The French automotive giant Renault announced that it has acquired Nissan’s 51% stake in a joint venture called Renault Nissan Automotive India Private Limited (RNAIPL).

    The company’s operations in India now fall completely under the control of Renault, which makes the RNAIPL a Renault subsidiary that is wholly owned. The move was not said to involve money, but it shows Renault is dead serious about hanging around in the fast-growing Indian automotive market.

    Nissan’s Continued Role in India

    Even though Renault is fully in command of the venture, Nissan contends that it remains a beneficiary of the manufacturing infrastructure in India. The Japanese automaker will still have Renault assemble not just existing models but also forthcoming ones for it. These cars, which will be sold in both the Indian and export markets, are supposed to be in production for as long as it takes to get them through the product life cycle.

    Plans for Expansion and Growth

    Nissan has set its sights high for the Indian market. The automaker is readying itself to roll out six new models by 2026, in an effort to inflate its domestic sales to 100,000 units annually, on top of another 100,000 units it wants to ship overseas. Nissan’s present-day lineup features strong sellers like the Magnite and the X-Trail, and the company appears to be doubling down on its SUV strategy, with plans to introduce an even broader selection of body styles going forward.

    Frank Torres, president of Nissan India Operations, made it clear that the company is fully committed to the Indian market. He said that the company is not planning to exit the country but is actually focused on expanding its vehicle offerings and improving local sales.

    Future Collaborations and Developments

    Even though Renault has assumed command of the production facilities in India, the two automakers will still work together on a number of initiatives. They will uphold their 51:49 ownership arrangement in the Renault Nissan Technology & Business Center India (RNTBCI). Moreover, Renault will create a fresh A-segment vehicle for Nissan, using the soon-to-be-introduced Renault Twingo as the platform. That project will be handled by Renault’s electric vehicle division, Ampere, and is scheduled to kick off in 2026.

    Moreover, the firms have updated their cross-shareholding contracts, cutting back the lock-up commitment from 15% to 10%. That makes it easier for both sides of the alliance to manage what constitutes their equity stake.

    A New Chapter for Renault and Nissan in India

    Acquiring Nissan’s stake in RNAIPL marks a significant shift in the dynamics of the Renault-Nissan alliance. With this acquisition, Renault is setting itself up for long-term success in the Indian market and is deepening its steps into the international sphere. Meanwhile, Nissan will continue to benefit from the established manufacturing infrastructure and is set to pump in new models into the Indian market too. So, all in all, both Renault and Nissan seem very much committed to operations in the subcontinent—with a renewed focus on ramping up local production, expanding product portfolios, and serving the burgeoning Indian automotive market.

  • Apple Introduces Apple Intelligence to the Indian Market

    Apple eventually released iOS 18.4 for eligible iPhone models after a protracted delay and growing anticipation. Apple Intelligence capabilities, including writing tools, cleanup tools, visual intelligence, and more, are finally available in India with this latest iPhone upgrade. Thus, after a long time, Indian customers of the iPhone 15 Pro and iPhone 16 series will be able to utilise the Apple AI feature. The company is finally adding more language support for Apple Intelligence with the iOS 18.4 upgrade. Brazilian Portuguese, Japanese, Korean, French, German, Italian, Spanish, simplified Chinese, and English local to Singapore and India are among the new languages. Here are some things the latest iOS 18.4 update offers in the Indian AI market if you haven’t explored Apple Intelligence and its potential.

    Improved Writing and More Prompt Responses

    The most recent versions of iOS 18.4, iPadOS 18.4, and macOS Sequoia 15.4 give users access to Writing Tools, which let them edit, proofread, and summarise text in third-party apps, mail, messages, and notes. While the Smart Reply feature suggests prompt responses based on messages, Apple Intelligence provides tone modifications for writing styles that are professional, clear, or pleasant.

    Augmented Reality Images and AI-Driven Pictures

    Clean Up, a major AI update for the Photos app, lets users eliminate distracting items from photos. By comprehending user descriptions, the recently added Memories function can now create personalised video montages. In the meanwhile, Apple’s Visual Intelligence can interpret language, recognise locations, plants, and animals, and even use scanned posters to construct calendar events.

    ChatGPT Integration for More Intelligent Siri

    Siri has been further integrated into Apple’s ecosystem and is now more conversational and context-aware. Users may talk or text to Siri with ease and anticipate a lively, organic answer. Furthermore, Apple has included ChatGPT in Writing Tools and Siri, enabling users to access OpenAI’s knowledge of content creation and problem-solving without having to switch between apps. Notably, Apple guarantees stringent privacy safeguards for users who choose to use ChatGPT, and access is free of charge.

    Image Playground & Genmoji

    With the help of the Image Playground tool, users can easily generate AI-driven images based on themes, outfits, and accessories. This feature is immediately integrated into programmes like Keynote and Freeform as well as Messages. Genmoji, on the other hand, goes beyond emoji customisation by enabling users to produce original emoticons from text descriptions or even ones that are influenced by friends and relatives.

    Better Privacy and Productivity

    Users may more easily concentrate on what is really important thanks to notification summaries and new priority messages in Mail. Image Wand, an AI enhancement for the Notes app, turns crude doodles into polished graphics. While Private Cloud Compute safely expands AI capabilities into the cloud as required, Apple Intelligence operates mostly on-device, guaranteeing privacy.

  • Haldiram’s Attracts Major Investors with Plans to Expand Globally

    Haldiram’s, one of India’s leading snack and packaged food manufacturers, has secured investments from Alpha Wave Global and the International Holdings Co. (IHC).

    These international investments seem to signal Haldiram’s ambition to expand its footprint internationally. The investors are Alpha Wave Global, based in the United States, and the International Holdings Co. (IHC), from the UAE. This comes just days after Temasek, a global investment firm, acquired a minority stake in the company. The backing from all these high-profile investors definitely seems to indicate that Haldiram’s is preparing to go into overdrive for a rapid global expansion, with its major targets appearing to be the US and Middle Eastern markets.

    The Investment Deal and Company Valuation

    Even though Alpha Wave Global has not revealed how large an investment it has made, market experts are now estimating that the sum could be around ₹5,100 crore. If that is indeed the amount invested, it would mark the first time that Haldiram’s sweet and savory snacks have been valued at the $10 billion (around ₹86,000 crore) level, which is a significant jump from the previous estimates.

    Alpha Wave Global and IHC are investing in Haldiram’s, and the two firms expect to add quite a bit of strategic value on top of their financial backing. Both companies have a deep well of experience to tap here, and they have plenty of networks to help Haldiram’s as it tries to grow its global business. The bet here is that Haldiram’s can become a much larger player, not just in India but in markets across the world.

    The Role of Temasek in Haldiram’s Growth

    Along with Alpha Wave Global and IHC, Singapore-based investment firm Temasek has entered the scene. Temasek is buying a 10% stake in Haldiram’s through its subsidiary Jongsong Investments Pte. Details of Temasek’s deal haven’t been made public, but its interest in Haldiram’s is clearly substantial. Temasek, which as of March 2024 had a net portfolio with $288 billion, has been increasingly looking toward India’s consumer and food industries. This investment is a further sign of that trend.

    The agreement with Temasek is contingent upon receiving the requisite regulatory approvals. Of major importance will be an expected clearance from the Competition Commission of India (CCI). Despite its pending status, this arrangement clearly paints Haldiram’s as a prime candidate for the kind of strategic partnerships that will allow the company to make big, bold moves throughout both the domestic and international markets.

    Haldiram’s Plans for Global Expansion

    Founded in 1937, Haldiram’s has long been a household name throughout India. The company commands a sweeping range of snacks, sweets, and ready-to-eat meals that have amassed the company a sizable international presence. Its products can already be found across several countries, and with this latest investment, Haldiram’s is expected to employ its new investors’ worldwide experience to quicken its growth, especially in the lucrative U.S. and Middle Eastern markets.

    Haldiram’s Success Story: A Taste of Tradition, A Legacy of Success | Founders | Funding | Valuation | Marketing
    Haldiram is the largest snack seller. The unique taste, exciting packaging, various outlets, and marketing strategies make for its success. Lets explore Haldiram’s story, Haldiram’s history, Haldiram’s owners story, it’s success story, and more.
    StartupTalkyArchita Mahajan

  • EPFO’s Proposal to Raise Auto-Settlement Limit

    The EPFO is planning to raise the limit for the auto-settlement of claims from ₹1 lakh to ₹5 lakh.

    This proposal aims to make it easier and faster for members of the The Employees Provident Fund Organization to settle claims without a lot of paperwork. It has been approved by the EPFO’s executive committee but awaits a go-ahead from the central board of trustees before it can be implemented. If enacted, this change could enhance the experience of millions of people who make use of the EPFO.

    What is Auto-Settlement and Why Does It Matter?

    Auto-settlement is a process that permits EPFO members to automatically settle their claims in specific situations, like for medical treatment, educational expenses, marriage, and housing. These are common reasons why people need to access their PF savings early. The process was introduced to ease the way for people needing to access their funds in tough times.

    In May 2024, the EPFO raised the auto-settlement limit from ₹50,000 to ₹1 lakh. Now, it is planning to push this limit to ₹5 lakh. Claims of this size would cover a large number of our members. Even with these hikes in the limit, though, the true test will come when EPFO is put to work in getting the money back to all those members who deserve it.

    EPFO’s Efforts to Streamline the Claims Process

    The Employees Provident Fund Organization has been working diligently to streamline its processes and enhance the expeditious settlement of claims. In times past, claims could take what seemed an eternity to process, but now, the vast majority of claims are processed within three days. This monumental improvement has come from not just one change, but rather, a perfect storm of changes under the umbrella of simplification.

    The rapid growth in the membership of the auto-settlement system is another accomplishment of this year. Membership in the auto-settlement system stood at under 90 lakh (9 million) members just last year. This year, it has more than doubled, with almost 2 crore (20 million) members now enjoying the benefits of a system that promises to deliver payments more quickly and more easily than ever before.

    Growth in EPFO Claims and Its Impact

    The modifications instituted by EPFO have resulted in a sharp rise in the settled claims. They now anticipate that over 6 crore claims will be processed this year. This would mark a high watermark, if we can call it that, for EPFO and indicates a burgeoning atmosphere of trust alongside speedy efficiencies in the claims settlement system. Right now, 48% of claims come in directly from members; 44% are automatically processed, and 8% require a member-employer duet in the attestation department.

    The proposal also ties into the larger objective of making public services work better for more people in a shorter amount of time. By cutting out delays and reducing unnecessary paperwork, EPFO is trying to make public service work more accessible for its members.