In order to promote affordable housing, the Union Government has made several efforts to create enabling environment and eco-system. Some of these measures have been listed here: Infrastructure status: The Government has granted infrastructure status to affordable housing which will Read More …
Category: Economy
Government will launch ‘KUSUM’ Scheme for Energy Security
The Central Government will soon launch a solar farming scheme named ‘Kisan Urja Suraksha evam Utthaan Mahaabhiyan’ (KUSUM) with a fund of Rs 1.4 lakh-crore. Union Finance Minister Shri Arun Jaitley has announced allocation of Rs 48,000 crore for this scheme Read More …
India’s first MSE sentiment index, CriSidEx launched
Union Finance Minister Arun Jaitely on February 3, 2018, in New Delhi, launched India’s first sentiment index, CriSidEx, for micro and small enterprises. It is jointly developed by SIDBI and CRISIL. CriSidEx is a composite index based on a diffusion Read More …
Measures to prevent damage to foodgrains in FCI godowns
According to the Minister of State for Consumer Affairs, Food & Public Distribution, many steps were taken by the Government to avoid the damage due to various reasons including pests/rodents in storage of foodgrains. Some of those steps are: All godowns Read More …
GST e-way bill: All you want to know
For the inter-state movement of goods and services under GST, mandatory generation of e-way bill became effective from 1st February, 2018. However, within hours, e-way bill generating platform collapsed and the Government was forced to postponed the mandatory generation of Read More …
Union Budget 2018-19 Main Points
Union Finance Minister Shri Arun Jaitley on February 1, 2018, presented the UNION BUDGET 2018-19. Here are the detailed factual features of Union Budget 2018-19: Indian economy is now 2.5 trillion dollar economy – seventh largest in the world. India Read More …
India’s First Revised Estimates of National Income for 2016-17
The Central Statistics Office (CSO) under Ministry of Statistics and Programme Implementation on January 31, 2018, released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation for the financial year 2016-17. Second Revised Estimates for the Read More …
India 6th wealthiest nation in the world
According to a report by ‘ New World Wealth’, with total wealth of 8,230 billion US dollars, India has been raked at 6th welathiest country of the world. As per the report with 64,584 billion dollars, the United States of Read More …
Economic Survey 2017-18: Main points
Union Finance Minister Shri Arun Jaitley on January 29, 2018, presented the pink colour ‘Economic Survey 2017-18’ in Parliament. The Economic Survey is printed in pink colour to highlight the importance of gender issues to the economy. Here are the main points of Read More …
Atal Penson Yojana extended to Payments and Small Finance Banks
To Strenghten the existing channel of Atal Penson Yojna (APY) the Union Government has allowed Small Finance Banks (SFBs) and Payments Banks to offer Atal penson Yojna. According to the Finance Ministry, the strength, expertise and reach of these new Read More …
Banks Recapitalisation plan details unveiled
The Central Government on January 24, 2018, unveiled details of the recapitalisation of debt laden Public Sector Banks (PSBs) announced on 24 October, 2017. The Union finance minister had announced capital infusion of massive Rs. 2.11 trillion in October 2017. -The Read More …
Global Talent Competitiveness Index 2018: India at 81st position
Index: Global Talent Competitiveness Index 2018 (GTCI 2018) was released on 23 January, 2018 at Davos World Economic Forum summit. Who published: The GTCI 2018 was published by INSEAD Business School, in partnership with the Adecco and Tata Communications. India’s Read More …
1% Indian pocketed 73% generated wealth in 2017: Oxfam
The World Inequality Report titled, ‘Reward Work, not Wealth’ was published by the Oxfam International at World Economic Forum annual summit, Davos on January 22, 2018. According to the report, 73% of the wealth generated in 2017 in India, went Read More …
Inclusive Development Index 2018-India at 62nd place
World Economic Forum (WEF) released it’s annual ‘Inclusive Development Index 2018 (IDI) in Davos on 22 January, 2018. This index has categorised world’s 103 countries in two broad categories: 29 advanced economies and 74 emerging economies. India was ranked 62nd Read More …
Vice President outlines 12 initiatives to make agriculture viable and remunerative
News: The Vice President of India, Shri M Venkaiah Naidu on January 19, 2018, while delivering the 14th Dr V.K.R.V. Rao Memorial Lecture at the Institute for Social and Economic Change in Bengaluru, outlined 12 initiatives to make agriculture viable and remunerative. Read More …