Category: Economics Current Affairs

Employee Stock Option Plan: A parliamentary panel recently recommended to the government to amend the Income Tax Act to ensure that ESOPs (Employee Stock Option Plan) are taxed only at the time of sale of shares and not on notional gains to allow startups to hire ‘low-cost’ employees. Employee Stock Option Plan (ESOP) which is […]

India Web Browser Development Challenge: The Ministry of Electronics and Information Technology (MeitY) recently launched the Indian Web Browser Development Challenge (IWBDC). The challenge is spearheaded by MeitY in collaboration with the Controller of Certifying Authorities (CCA) and the Centre for Development of Advanced Computing (C-DAC) Bangalore. The Challenge seeks to inspire and empower technology […]

Cott-Ally App: The Union Minister of State for Ministry of Textiles informed Lok Sabha about Cott-Ally App. The Cotton Corporation of India Limited I has developed a mobile app – “Cott-Ally” exclusively for the cotton farmers. Objective: To maximise the use of the digital media among the farmers to increase the reach of all government […]

CBI Joined Interpol Global Academy Network: The Central Bureau of Investigation (CBI) Academy joined the Interpol Global Academy Network at a virtual event. Interpol Global Academy Network was launched in 2019 with the aim of supporting Interpol in leading a global approach to Law Enforcement Training. It is a network of trusted law enforcement education […]

Udyam Assist Platform: As per latest data, the government’s new Udyam Assist Platform (UAP) has 35 lakh units registered as of August 3, 2023. The Government launched UAP under the MSME formalization project on 11.01.2023 to bring Informal Micro Enterprises (IMEs) under the formal ambit for availing benefits under Priority Sector Lending. The platform has […]

Jeevan Pramaan: The Department of Pension & Pensioners’ Welfare (DoPPW) has taken proactive steps to enhance the ease of living for Central Government pensioners through the widespread promotion of Digital Life Certificates (DLC), known as Jeevan Pramaan. Pensioners must submit DLC every November (with a provision for those aged 80 years and above in October) […]

North East Venture Fund: The Union Minister for Ministry of Development of North Eastern Region informed Lok Sabha about the North East Venture Fund. North East Venture Fund is registered as a Category I Venture Capital Fund under Securities and Exchange Board of India (SEBI) Alternative Investment Funds (AIF) Regulations, 2012. An independent committee (Investment […]

Direct Incentive Disbursement : Postal Life Insurance Recognising the pivotal role of its sales force, the Postal Life Insurance (PLI) introduced the pilot program for “Direct Incentive Disbursement” in the Delhi and Uttarakhand Circles. Direct Incentive Disbursement Program will recognize the role of PLI’s sales force which is the driving force behind the department’s accomplishments. […]

Technical Textiles : Report According to a recent research report, the global Technical Textile market size is expected to reach USD 272.3 billion by 2030. Technical Textiles are textile products that are manufactured primarily for their functionality and use rather than aesthetic appeal. They are designed to have high levels of physical, mechanical, thermal, and/or […]

Sahakar 22 : National Cooperative Development Corporation National Cooperative Development Corporation had earlier launched its own initiative named Sahakar– 22, during FY 2017-18. Sahakar 22 is initiative of NCDC included the following: FOCUS 222 – NCDC’s focused assistance for Cooperatives in 222 Districts (including 117 Aspirational Districts identified by NITI Aayog); PACS HUB – Transformation […]