Category: Economics Current Affairs

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 […]

Relief Package : Corona: Union Finance Minister announced a slew of measures to provide relief to diverse sectors affected by the 2nd wave of COVID-19 pandemic. She announced a relief package of Rs 6,28,993 crore to support Indian economy in fight against COVID-19 pandemic. A total of 17 measures amounting to Rs. 6,28,993 crore were […]

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 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): 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 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: 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): 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 […]

Microfinance Institutions : RBI: The Reserve Bank of India (RBI) proposed to lift the interest rate cap on Microfinance Institutions (MFIs), and said all micro loans should be regulated by a common set of guidelines irrespective of who gives them. RBI has suggested a common definition of microfinance loans for all regulated entities. Microfinance loans […]

Electoral Trust Scheme, 2013: For the first time, an electoral trust (under Electoral Trust Scheme, 2013) has declared donation through electoral bonds and hasn’t revealed the names of the political parties that received the money, citing anonymity guaranteed under the electoral bond scheme. According to the Association of Democratic Reforms (ADR), this “practice is against […]