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USOF Scheme For Aspirational Districts In 5 states

USOF Scheme For Aspirational Districts In 5 states: The Union Cabinet has approved the Universal Service Obligation Fund (USOF) scheme for provisioning of 4G-based mobile services in uncovered villages of aspirational districts across five states — Andhra Pradesh, Chhattisgarh, Jharkhand, Maharashtra, and Odisha. NITI Aayog’s Aspirational Districts programme aims to quickly and effectively transform 112 […]

Employees’ Provident Fund Organization, EPFO

Employees’ Provident Fund Organization, EPFO: The Central Board of Trustees (CBT) which is the apex decision-making body of Employees’ Provident Fund Organization, EPFO has approved constitution of four sub-committees comprising members of the Board from employees, employers’ side as well as from representatives of the Government side on different matters. Two committees on Establishment related […]

Special Credit Linked Capital Subsidy Scheme

Special Credit Linked Capital Subsidy Scheme: The Ministry of Micro, Small and Medium-sized Enterprises (MSMEs) launched the Special Credit Linked Capital Subsidy Scheme (SCLCSS) for the services sector. The scheme will help in meeting the technology-related requirements of enterprises in the services sector. It has a provision of 25% capital subsidy for procurement of plant […]

Cairn’s Offer On Retrospective Tax

Cairn’s Offer On Retrospective Tax: Moving quickly towards ending a retrospective tax dispute with a firm that gave India its largest oilfield, the government has accepted Cairn Energy PLC undertakings which would allow for the refund of taxes. The company will now be issued a ₹7,900 crore refund. In December 2020, a three-member international arbitral […]

India Becomes The Highest Recipient Of Remittances

India Becomes The Highest Recipient Of Remittances: According to the World Bank’s Migration and Development Brief, India has become the world’s largest recipient of Remittances, receiving USD 87 billion (a gain of 4.6 % from previous year) in 2021. India is followed by China, Mexico, the Philippines, and Egypt. The United States being the biggest […]

What is Digital Lending?

Digital Lending: A Reserve Bank of India (RBI) Working Group (WG) on digital lending, including lending through online platforms and mobile apps has submitted its recommendations. Key recommendations: A separate legislation should be enacted to oversee such lending. Setup a nodal agency to vet the Digital Lending Apps. A Self-Regulatory Organisation should be set up […]

E-Governance For Civil Aviation

E-Governance For Civil Aviation: The Ministry of Civil Aviation has launched the e-Governance for Civil Aviation (e-GCA) online platform through which the Civil Aviation will provide 298 services including pilot licensing and medical examination. The launch of the e-GCA project under DGCA (Directorate General of Civil Aviation) was part of the 100-day plan for the […]

Bribery Risk Matrix 2021: TRACE

Bribery Risk Matrix 2021: Bribery Risk Matrix 2021 was released by TRACE, an anti-bribery standard setting organisation. It measures business bribery risk in 194 countries, territories, and autonomous and semi-autonomous regions. It was originally published in 2014 to meet a need in the business community for more reliable and nuanced information about the risks of […]

16th Annual Status Of Education Report 2021

16th Edition Of The Annual Status Of Education Report (ASER 2021): The percentage of rural children who were not enrolled in school doubled during the pandemic, with government schools seeing an increase in enrolment at the expense of private schools, according to the Annual Status of Education Report (ASER), 2021. Over a third of children […]