Economic News

MoHUA launches ‘Open Data Week: A collaborative effort towards making Indian cities ‘Data Smart’

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 ...

SEBI Unveils mobile app ‘Saa₹thi’ to provide financial product information to investors

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 ...

Union Minister Shri Giriraj Singh Releases RADPFI Guidelines

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 ...

YS Jagan Mohan Reddy government notifies creation of 13 new districts in Andhra Pradesh

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 ...

CCO releases Coal Directory of India 2020-21

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 2020-21”. The Statistical Publication was released by the Secretary, Ministry of Coal, ...

Economic Survey 2021-22 key highlights

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 ...

Budget 2022-2023: Key Highlights

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 announced by Finance Minister to boost skill development

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 ...

Introduction Of Central Bank Digital Currency ‘Digital Rupee’ Announced

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 Emergency Credit Line Guarantee Scheme (ECLGS)

Extension of ECLGS:  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 ...

Cabinet extends incentive scheme IFLADP for leather, footwear industry till 2025-26

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 ...

Ministry of Finance releases PDRD Grant of 9,871 crore rupees to 17 States

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 ...

Jammu and Kashmir becomes first UT to be integrated with National Single Window System

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 ...

MoEF&CC: Ropeways to be exempted from prior EIA scrutiny

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 launched by AIM, NITI Aayog in collaboration with UNDP

 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 ...

Ayushman Bharat Digital Mission announces integration with health App -Aarogya Setu

Integration of ABDM with Aarogya Setu: The National Health Authority (NHA) under its flagship scheme of Ayushman Bharat Digital Mission (ABDM) recently announced integration with health App - Aarogya Setu. Key Points: The integration will enable the Aarogya Setu app users to avail the ben ...

RBI Monetary Policy: Repo rate unchanged at 4%, policy stance remains accommodative

RBI Monetary Policy: The Reserve Bank of India (RBI) recently maintained the status quo in policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at 4% to keep the stance accommodative. Key Points: While announcing the Bi-monthly policy RBI Gove ...

Power and NRE Minister chairs 4th India – Australia Energy Dialogue

India-Australia Energy Dialogue: The 4th India – Australia Energy Dialogue was held on February 15, 2022. The dialogue was co-chaired by Hon’ble Minister for Power and New & Renewable Energy, Mr. R.K. Singh from the Indian side, and Hon’ble Minister for Energy and Em ...

Union Minister for Social Justice & Empowerment Dr. Virendra Kumar launches a Scheme for Economic Empowerment of DNTs (SEED)

Scheme for Economic Empowerment of DNTs (SEED): Union Minister for Social Justice and Empowerment, Dr. Virendra Kumar, on 16 February 2022, launched the Scheme for Economic Empowerment of DNTs (SEED). Key Points: This scheme was launched at Dr. Ambedkar International Centre, New Delhi for ...

Secretary of MoHUA chairs virtual interaction with PMAYU beneficiaries from 3 States

‘Labharthiyon Se Rubaroo’ Initiative: Recently, the secretary of the Ministry of Housing and Urban Affairs (MoHUA) chaired the ‘Labharthiyon Se Rubaroo’ initiative of the Ministry. Key Highlights: A virtual interaction, under the ‘Labharthiyon Se Rubarooâ ...

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