Mahila Samman Savings Certificate 2023: Mahila Samman Savings Certificate (MSSC) 2023 has been notified. It is a one-time small savings scheme for women to commemorate celebrations of 75 years of Independence. It will be made available for a two-year period up to March 2025. It will be under the Ministry of Women and Child Development. […]
Category: Economics Current Affairs
Corporate Debt Market Development Fund
Corporate Debt Market Development Fund: The Securities and Exchange Board of India (SEBI) has introduced the ‘Corporate Debt Market Development Fund’ to prevent financial crisis. The ‘Corporate Debt Market Development Fund (CDMDF) is a backstop facility for specified debt funds during market dislocations. The fund is intended to provide liquidity support in the event of […]
Power Generating From Defunct Gold Mines
Power Generating From Defunct Gold Mines: An Australian renewable-energy company Green Gravity has proposed a scheme to generate electricity from the defunct Kolar Gold Fields (KGF), in Karnataka, using Low-Tech Gravity Technology. The plan is to find defunct mines, which often go hundreds or thousands of meters deep, and haul a Weighted Block, that may […]
Employees Provident Fund Organization (EPFO) : Report
Employees Provident Fund Organization (EPFO) : Report Reports suggest that most of EPFO’s equity investments are routed into Nifty 50 stocks, including Adani Enterprises and Adani Ports & SEZ. Employees’ Provident Fund Organization (EPFO) is under the administrative control of the Ministry of Labour and Employment, Government of India. It is one of the World’s […]
Regional Search And Rescue Exercise : Indian Coast Guard
Regional Search And Rescue Exercise : Indian Coast Guard The Indian Coast Guard recently conducted a Regional Search and Rescue exercise in Kakinada, Andhra Pradesh, to simulate a real-time maritime distress scenario and highlight the functioning of the Search and Rescue organization (SAR) for a mass rescue operation. The exercise involved all stakeholders and effectively […]
Captive Employment
Captive Employment: The Ministry of Rural Development has launched a new initiative called “Captive Employment” under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) program. Captive employers are any Employer or Industry that provides employment to candidates in their own organization or one of its subsidiaries and has suitable in-house training facilities. It aims to […]
Letter of Comfort (LoC)
Letter of Comfort (LoC): The Finance Ministry recently asked central public sector undertakings (CPSUs) to issue letters of comfort (LoCs) based on their own financial strength. An LoC is a letter issued to a lending institution by a stakeholder of the company acknowledging the support of the attempt for financing asked by that company. They […]
Jharniyojan Portal : Jharkhand Govt
Jharniyojan Portal : Jharkhand Govt The Jharkhand government has launched a portal called ‘Jharniyojan’ to ensure 75% local quota in pvt sector The portal requires: All private establishments in the state register themselves. Employers to adhere to the ‘Jharkhand State Employment of Local Candidates in Private Sector Act, 2021 The act reserves 75% of jobs […]
Kudumbashree And Project Unnati
Kudumbashree And Project Unnati: The President attended celebrations of Kudumbashree and Project Unnati-associated events in Kerala. Kudumbashree, the Kerala State Poverty Eradication Mission was launched in May 1998. It was inaugurated by the Prime Minister, Shri Atal Bihari Vajpayee. Objective: to eradicate absolute poverty within a definite time frame of 10 years under the leadership […]
Trade Receivables Discounting System (TReDS) Platform
Trade Receivables Discounting System (TReDS) Platform: The Reserve Bank of India (RBI) Governor recently said that the TReDS platform introduced in 2014 for MSMEs to finance or discount their invoices — finances around 35,000 factoring units (FUs) monthly. Trade Receivables Discounting System (TReDS) platform is an electronic platform for facilitating the financing/discounting of trade receivables […]
