The National Sample Survey Office (NSSO) under the Ministry of Statistics and Programme Implementation (MoSPI) on February 24 released the broad findings of the All India Household Consumption Expenditure Survey (HCES) carried out between August 2022 and July 2023.
Category: Economy
Golden Jubilee celebration of Amul
The Prime Minister, Shri Narendra Modi participated in the Golden Jubilee celebration of Gujarat Cooperative Milk Marketing Federation (GCMMF) at Narendra Modi Stadium in Motera, Ahmedabad on 22 February 202.
Potassium Derived from Molasses (PDM)
The Central Government has facilitated mutually agreed price of Potassium Derived from Molasses (PDM) at ₹ 4263/MT for sale by sugar mills to fertilizer companies for the current year. PDM Muriate of potash
Fair and Remunerative Price (FRP)
The Cabinet Committee on Economic Affairs approved the Fair and Remunerative Price (FRP) of sugarcane for Sugar Season 2024-25 at ₹ 340/quintal at sugar recovery rate of 10.25%. What is Fair and Remunerative Price (FRP)?
Union Cabinet approves amendment in FDI policy on space sector
The Union Cabinet approved the amendment in Foreign Direct Investment (FDI) policy on space sector. Now, the satellites sub-sector has been divided into three different activities with defined limits for foreign investment in each such sector. Key points
Financial Stability and Development Council
Union Minister for Finance Smt. Nirmala Sitharaman chaired the 28th Meeting of the Financial Stability and Development Council (FSDC) in New Delhi on 21 February 2024.
Escrow Account
Recently Paytm announced the shift of its nodal account to Axis Bank by opening an Escrow Account.
Nickel price slump
The oversupply in the nickel market forced the world’s biggest miner BHP Group Ltd. to write down the value of key assets. Key points
MGNREGA scheme led to decline in gender wage gap in rural India: ILO
According to the ILO’s latest working paper, the introduction and expansion of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has led to a decline in gender wage gap and increased compliance with the minimum wage regulations in rural areas. Read More …
Govt hikes authorised capital of FCI from Rs 10,000 crore to Rs 21,000 crore
The Government of India has increased the authorised capital of state-run Food Corporation of India (FCI) from Rs 10,000 crore to Rs 21,000 crore to enhance the operational capabilities and fulfill its mandate effectively. Key points
e-Jagriti Portal
The Department of Consumer Affairs (GoI) has modernized CONFONET software into “e-Jagriti” portal to provide speedy, inexpensive and easy redressal to consumer complaints.
Bima Sugam-An electronic insurance marketplace
The Insurance Regulatory and Development Authority of India (IRDAI) has issued a draft for Bima Sugam, an electronic insurance marketplace. Key features of Bima Sugam
World’s first green hydrogen plant
Cochin International Airport Ltd (CIAL) has entered into a Memorandum of Understanding (MoU) with the Bharat Petroleum Corporation Ltd (BPCL) for setting up a green hydrogen plant in the premises of Cochin Airport.
India rejects EFTA’s ‘data exclusivity’ demand
India has rejected the demand of the four European nations EFTA bloc for inclusion of a ‘data exclusivity’ provision in proposed free trade agreements. European Free Trade Association (EFTA)
SUFALAM: Start-Up Conclave for Food Processing Entrepreneurs
On February 13, Union Minister of Food Processing inaugurated “SUFALAM: Start-Up Forum for Aspiring Leaders and Mentors Startup Conclave 2024.