Key Points• India and the UAE to wrap up the Comprehensive Economic Partnership Agreement (CEPA) by next month, says Shri Piyush Goyal• UAE is one of India’s largest trading partners Union Minister of Commerce and Industry, Consumer Affairs & Food & Public Distribu ...
On December 15, 2021, Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi, approved implementation of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) for 2021-26 with an outlay of Rs.93,068 crore. Key Points• CCEA approves central support of Rs.37,454 cr ...
The Union Cabinet has approved a ₹ 76,000 crore policy boost for semiconductor and display manufacturing ecosystem in a bid to position India as the global hub for Electronic System Design and Manufacturing, Key Points• This scheme has also been approved to attract large chip mak ...
The World Economic Forum (WEF) has deferred its Annual Meeting 2022 against the backdrop of continued uncertainty over the Omicron variant of coronavirus. WEF’s annual meeting is held every year in the Swiss Alpine ski resort town of Davos. Key Points• It draws top leaders fr ...
Every year the National Consumer Day is observed on December 24 in India. The day is celebrated to highlight the importance of the consumer movement and spread awareness about the rights and responsibilities of every consumer. On this day, the President of India had given his assent to the C ...
Union Government has notified the Consumer Protection (Direct Selling) Rules, 2021. This has been done by the Central Government in exercise of the powers conferred by section 94 of the Consumer Protection Act, 2019. These rules shall apply to all goods and services bought or sold through dir ...
The state-owned Life Insurance Corporation of India, General Insurance Corporation of India and New India Assurance are once again on the list of Domestic Systemically Important Insurers (D-SIIs) for the year 2021-22, according to Insurance regulator Insurance Regulatory and Development Au ...
Textiles Ministry has said that the existing rates of five per cent in textiles sector will continue beyond 1st of January, 2022. Earlier, the Department of Revenue had notified Goods and Services Tax at 12 per cent on man-made fibres, fabrics and apparel on 18th November this year, which wa ...
On January 3, 2022, the Reserve Bank of India (RBI) released a framework for small-value offline transactions in digital mode. An offline payment refers to a transaction that does not require internet or telecom connectivity to be effective.Under this new framework offline payments can be ca ...
Digital Yuan Wallet App Digital Yuan Wallet Apps: China recently released pilot versions of its digital yuan wallet application on mobile phone app stores as the country's central bank steps up its push to develop its own digital currency. Key Details: They are now available in Android and ...
ODOP brands under Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme. ODOP Brands under PMFME Scheme: Union Minister for Ministry of Food Processing Industries  Pashupati Kumar Paras and Minister of State, Prahlad Singh Patel and senior officials of National A ...
Phase-II of Green Energy Corridor Phase-II of Green Energy Corridor: The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi recently approved the second phase of the Green Energy Corridor of the Intra-State Transmission system (InSTS) at a cost of Rs 12,000 cro ...
India And South Korea Bilateral Trade Talks India and Korea: Union Minister for Commerce and Industry Piyush Goyal recently held a bilateral meeting with the Minister for Trade of the Republic of Korea, Yeo Han-Koo in New Delhi. Both the Ministers held wide-ranging discussions covering the wh ...
FinTech: Reserve Bank of India (RBI) has set up a separate internal department for fintech (Financial technology). Key Points: The new department has been created with effect from January 4, 2022.It has been created by subsuming the fintech division of DPSS (department of payment and sett ...
Guidelines for Charging Infrastructure for EVs: Centre has promulgated revised consolidated Guidelines and Standards for Charging Infrastructure for Electric Vehicles (EVs). Key Points about the guidelines: These guidelines are exhaustive and include provisions for individual owners ...
Open Data Week Open Data Week: The Open Data Week was launched by the Ministry of Housing and Urban Affairs (MoHUA) to encourage the adoption of open data and promote innovation across India’s urban ecosystem. Key Highlights: The week will be conducted between January 17, 2022 and J ...
Saa₹thi Saa₹thi: Amid the growing trend of stock trading through mobiles, capital markets regulator Securities and Exchanges Board of India (SEBI) launched its mobile App named Saa₹thi. Key Highlights: Saa₹thi was unveiled by SEBI Chairman Ajay Tyagi on 19 Jan ...
RADPFI Guidelines: The Rural Area Development Plan Formulation and Implementation (RADPFI) Guidelines were recently released by Union Minister Shri Giriraj Singh. Key Highlights: The plan has been revised to increase rural prosperity.It will serve as the basis for rural transformation and ...
New Districts of Andhra Pradesh: The Andhra Pradesh government, led by Chief Minister YS Jagan Mohan Reddy, has recently formed 13 new districts. Key Highlights: The new districts have been formed based on Parliamentary constituencies.Now, there are a total of 26 districts in the Andhra P ...
Coal Directory of India 2020-21: Coal Controller’s Organization (CCO), a subordinate office under the Ministry of Coal recently released its flagship publication “Coal Directory of India 2020-21â€. The Statistical Publication was released by the Secretary, Ministry of Coal, ...
Economic Survey 2021-22: The Economic Survey 2021-22 was tabled in Parliament on January 31, 2022, by Finance minister Nirmala Sitharaman. Key Points: The survey, presented a day before the Union Budget, underlines the state of the economy and outlines suggestions for policy actions.The f ...
Union Budget for 2022-23: Union Finance Minister Nirmala Sitharaman presented the Union Budget for 2022-23 in Parliament on 1st February 2022 in a paperless format just like the last year. Key Facts: Finance Minister Sitharaman’s Budget for the fiscal year beginning April 2022 (FY2 ...
DESH-Stack e-portal: Finance Minister Nirmala Sitharaman during her budget speech announced to set up an advanced skill and business ecosystem e-portal known as DESH STACK e-portal. (DESH stands for Digital Ecosystem for Skilling and Livelihood) The Union Budget was presented in Parliamen ...
Digital Currency: Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2022-23 announced that the Digital Rupee - a Central Bank Digital Currency (CBDC) will be introduced 2022-23 onwards to boost the Indian economy. Who will launch the CBDC? The CBDC will be launched by ...
Extension of ECLGS:Â Finance Minister Nirmala Sitharaman said in her budget presentation that the Emergency Credit Line Guarantee Scheme (ECLGS) will be extended to cover the next fiscal as well, with an expanded guarantee cover of Rs 5 lakh crore. Key Highlights: The ECLGS that was in ...
IFLDP: The ministry of commerce in a statement recently said that the Indian Footwear and Leather Development Programme (IFLDP) (erstwhile IFLADP) has been approved for continuation from 2021-22 with an approved financial outlay of ₹1,700 crore. Key Points: The programme was approve ...
PDRD Grant: Ministry of Finance has recently released the monthly Post Devolution Revenue Deficit (PDRD) Grant of 9, 871 crore rupees to 17 States. Key Highlights: This was the 11th installment of the PDRD grant released to the States.Ministry of Finance said that the grants are released ...
J&K Integrated With National Single Window System: Lt Governor Manoj Sinha recently launched the single-window portal for Jammu and Kashmir (J-K) making it the first Union Territory (UT) to be integrated with National Single Window System (NSWS). Key Highlights: In a historic move by ...
Parvatmala-National Ropeways Development Programme: Ministry of Environment, Forest, and Climate Change (MoEF&CC) recently decided to exclude ropeway projects from the scrutiny of environmental impact assessment. Key Points: This was done at the recommendation of the Expert Appr ...
 Community Innovator Fellowship (CIF): Atal Innovation Mission (AIM), NITI Aayog in collaboration with United Nations Development Programme (UNDP), India launched the Community Innovator Fellowship (CIF) CIF was launched to mark the occasion of International Day of Women and Girls in Scie ...
