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Green Freight Corridor-2

Green Freight Corridor-2: Ministry of Shipping launched the maiden voyage under Green Freight Corridor-2 on June 30, 2021. Green Freight Corridor-2 is a coastal shipping service. Voyage was launched from Cochin port to Beypore and Azhikkal ports located in north Kerala. First voyage service was launched in line with ministry’s plans to improve connectivity and […]

Not-For-Profit Hospital Model: NITI Aayog

Not-For-Profit Hospital Model: NITI Aayog: The NITI Aayog released a comprehensive study on the Not-for-Profit Hospital Model in the country. It is an initiative in a step towards closing the information gap on such institutions and facilitating robust policymaking in this area. NITI Aayog It is a public policy think tank of the Government of […]

International MSMEs Day

International MSMEs Day: Every year, Micro, Small and Medium-sized Enterprises (MSMEs) Day is celebrated on 27th June to recognise the contribution of these industries in the implementation of the Sustainable Development Goals (SDGs). The United Nations (UN) designated 27th June as Micro, Small and Medium-sized Enterprises Day through a resolution passed in the UN General […]

Turnover And Borrowing Thresholds For SMC Expanded

Turnover And Borrowing Thresholds For Small And Medium Sized Companies (SMC): The Corporate Affairs Ministry has expanded the turnover and borrowing thresholds for Small and Medium sized Companies (SMC). The Corporate Affairs Ministry has increased the turnover threshold for SMCs to Rs 250 crore from Rs 50 crore, and the borrowing threshold to Rs 50 […]

Maritime State Development Council (MSDC)

Maritime State Development Council (MSDC): Union Minister of State (I/C) for Port, Shipping and Waterways Shri Mansukh Mandaviya chaired the 18th meeting of the Maritime State Development Council (MSDC) today through a video conference organized by the Ministry of Ports, Shipping and Waterways. MSDC is an apex advisory body for the development of the Maritime […]

Employee’s Compensation – Code On Social Security, 2020

Employee’s Compensation Under The Code On Social Security, 2020: Ministry of Labour and Employment has notified the draft rules relating to Employee’s Compensation under the Code on Social Security, 2020 for suggestions. The Code on Social Security, 2020 amends and consolidates the laws relating to social security to extend social security to employees and workers […]

Regulation Of Microfinance: RBI

Regulation Of Microfinance: RBI: Reserve Bank of India has released a Consultative Document on Regulation of Microfinance. It has been released for harmonising the regulatory frameworks for various regulated lenders in the microfinance space. The key proposals of the Consultative Document are enumerated below: A common definition of microfinance loans for all regulated entities. Capping […]

Futuristic Infantry Combat Vehicles (FICVs)

Futuristic Infantry Combat Vehicles (FICVs): The Indian Army has issued a tender, or a Request For Information (RFI), for the procurement of 1,750 Futuristic Infantry Combat Vehicles (FICVs) to replace the Russian-origin infantry vehicles in service. This is the Army’s third attempt for the procurement of a new infantry vehicle. According to the RFI, the […]