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 […]
Category: Economics Current Affairs
Direct Incentive Disbursement : Postal Life Insurance
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
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
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 […]
Study In India (SII) Portal
Study In India (SII) Portal: The Education Ministry recently launched the Study In India (SII) portal with a vision to promote Indian education to foreign students. Study in India (SII) portal is a dedicated website to provide information about higher education institutions (HEIs) in India. Aim is to establishing India as a global hub for […]
Good Manufacturing Practices (GMP) Standards
Good Manufacturing Practices (GMP) Standards: The government has set a deadline for pharmaceutical companies to implement the revised Good Manufacturing Practices (GMP) standards, aligned with World Health Organisation (WHO) standards. New regulations: Companies with over Rs 250 crore turnover must adopt the revised GMP within six months, while smaller enterprises having a turnover of less […]
Sovereign Credit Rating
Sovereign Credit Rating: Global credit rating agency Fitch recently downgraded US Sovereign rating from AAA to AA+. Credit rating is an assessment of the creditworthiness of a borrower, including an individual, a company, or a country. Sovereign Credit Rating is an independent assessment of the creditworthiness of a country or sovereign entity. Governments borrow huge […]
Gender Inclusion Fund
Gender Inclusion Fund: The Minister of State for Education informed the Lok Sabha about the Gender Inclusion Fund (GIF), mentioned in the National Education Policy (NEP), 2020. Gender Inclusion Fund (GIF)fund will be utilised to ensure that all kids receive a high-quality education. It will also be used to guarantee that amenities such as secure […]
AMC Repo Clearing Limited
AMC Repo Clearing Limited: The Ministry of Finance inaugurated the Limited Purpose Clearing Corporation (LPCC) called AMC Repo Clearing Limited (ARCL). AMC Repo Clearing Limited (ARCL) is a Limited Purpose Clearing Corporation that provides clearing and settlement services to all trades made in corporate debt securities on the National Stock Exchange (NSE) and Bombay Stock […]
MSME RuPay Credit Card
MSME RuPay Credit Card: The Ministry of Micro Small and Medium Enterprises (MSME), in association with the National Payment Corporation of India (NPCI) had launched the MSME RuPay Credit Card on a pilot basis, pan-India for Udyam registered MSMEs. The MSME RuPay Credit Card provides a simplified payment mechanism to MSMEs to meet their business-related […]
