The Union government has released Rs 50,571.42 crore to states under its ‘Special Assistance for Capital Investment’ scheme. About Special Assistance to States for Capital Investment scheme
Category: Economy
Govt withdraws windfall tax
The Government of India on 2nd December announced the withdrawal of the windfall tax on Aviation Turbine Fuel (ATF), crude oil, petrol, and diesel through a notification introduced in the Lok Sabha.
India’s GDP base year to shift to 2022-23
The Government of India (GoI) has announced its decision to revise the base year for the calculation of Gross Domestic Product (GDP) from 2011-12 to 2022-23. An Advisory Committee on National Accounts Statistics (ACNAS) has been constituted to facilitate the Read More …
Building India’s Clean Plant Programme
The Centre and the Asian Development Bank (ADB) on 29th November signed an agreement for a 98 million US dollar loan or the Building India’s Clean Plant Programme.
All about PAN 2.0
PAN 2.0 is an e-Governance initiative by the Income Tax Department aimed at re-engineering business processes for taxpayer registration services. Key features
India’s First Ever Tranche of Auction of Mineral Blocks in the Offshore Areas
Union Ministry of Mines on 28th November launched India’s first-ever tranche of 13 mineral blocks for auction in offshore areas. Key points (Source: BL)
India’s new dairy import certificate
The US has alleged that India’s new dairy import certificate requirements put dairy products from the country at an unfair disadvantage compared to domestically produced items. Veterinary health certificate (VHC) “Never been fed” Source: BL
Basic Animal Husbandry Statistics – 2024
The ‘Basic Animal Husbandry Statistics – 2024’ was released by the Department of Animal Husbandry and Dairying, Government of India. Milk production Egg production Meat production Wool production
EIU’s Business Environment Rankings (BER) 2024
The Economist Intelligence Unit (EIU) has released the Business Environment Rankings (BER) 2024. Key findings About Business Environment Rankings (Sources: Mint and Moneycontrol)
Domestic Systemically Important Banks (D-SIBs) for 2024
State Bank of India, HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs) in the 2024 list of this category.
World Intellectual Property Indicators 2024
The World Intellectual Property Indicators 2024 was released the World Intellectual Property Organization (WIPO). Key points India has secured a spot in the global top-10 for all three major intellectual property (IP) rights — patents, trademarks, and industrial designs.
Tuna Cluster in the Andaman and Nicobar Islands
The Union Ministry of Fisheries, Animal Husbandry and Dairying has notified the Development of Tuna Cluster in the Andaman and Nicobar Islands under the Pradhan Mantri Matsya Sampada Yojana (PMMSY). Other initiatives
Kodo millet
Ten wild elephants from a herd of 13 died over the last three days in Madhya Pradesh’s Bandhavgarh Tiger Reserve.
CCEA approves infusion of Rs 10,700 cr equity in FCI
The Cabinet Committee on Economic Affairs, on November 6, 2024, approved the infusion of equity of Rs 10,700 crore in Food Corporation of India (FCI) by way of conversion of ‘Ways and Means Advance’ to equity in 2024-25.
WTO Sanitary and Phytosanitary Measures (SPS) agreement
Recently, many Indian agriculture export consignments were rejected due to stringent quality norms of some countries. About WTO SPS agreement