The Union Ministry of Finance in association with State Governments, is launching an ‘Invoice incentive Scheme’ by the name ‘Mera Bill Mera Adhikaar’ to encourage the culture of customers asking for invoices/bills for all purchases. Key points
Category: Economy
Central Vigilance Commission reconstitutes advisory board on bank frauds (ABBF)
The Central Vigilance Commission (CVC) has reconstituted the advisory board on Banking and Financial Frauds (ABBFF). Key points
Common Research and Technology Development Hubs (CRTDHs)
In view to create an enabling environment for nurturing Industrial Research and developing innovative products and processes among Micro, Small and Medium Enterprises (MSMEs), the Department of Scientific and Industrial Research (DSIR) has been implementing a scheme that supports creation Read More …
Incremental Cash Reserve Ratio (ICRR)
On August 10, the Reserve Bank of India (RBI) asked banks to maintain an incremental Cash Reserve Ratio (ICRR) of 10 per cent on the increase in their deposits. About ICRR
Lakhpati Did scheme
The government of India is planning skill development training for two crore women under the ‘Lakhpati Didi’ scheme that aims to encourage them to start micro-enterprise.
RBI unveils UDGAM portal to track unclaimed deposits
The Reserve Bank of India on 17th August unveiled a centralised web portal UDGAM to faciilitate the tracking of unclaimed deposits across multiple banks at one place. Key points
Union Cabinet approves expansion of the Digital India programme
The Union Cabinet approved the expansion of the Digital India programme. The total outlay is ₹14,903 crores. Salient Features:
PM Vishwakarma Scheme
The Cabinet Committee on Economic Affairs approved a new Central Sector Scheme “PM Vishwakarma” with a financial outlay of Rs.13,000 crore for a period of five years (FY 2023-24 to FY 2027-28). Key features
First Mile Connectivity (FMC)
The Ministry of Coal is actively working on development of the National Coal Logistic Plan, which includes First Mile Connectivity (FMC) through railway siding near coal mines. Key points The impact of First Mile Connectivity on the environment is multi-faceted Read More …
A-HELP Programme
The Union Minister for Animal Husbandry and Dairying has unveiled the ‘A-HELP’ (Accredited Agent for Health and Extension of Livestock Production) programme along with an Infertility Camp, in the State of Gujarat.
Govt releases onions from buffer stock to curb price surge
The Department of Consumer Affairs has decided to commence the release of stocks from the onion buffer of 3.00 lakh metric tonne created in 2023. Key points
Mushqbudji rice & Chikri Wood Craft from J&K receive GI Tag
The Rajouri Chikri Wood Craft from Rajouri district and Mushqbudji Rice variety of Anantnag district have received the Geographical Indication (GI) Tag. Key points
Deflation
China’s economy has slipped into deflation after consumer prices declined in July for the first time since February 2021.
Parliament passes Digital Personal Data Protection Bill, 2023
Parliament on 9th August passed the Digital Personal Data Protection Bill, 2023 with Rajya Sabha approving it. The Bill has already been passed in Lok Sabha. Key provisions The Bill protects digital personal data (that is, the data by which Read More …
APEDA facilitates export of first trial shipment of fresh pomegranate to USA
Agricultural and Processed Food Products Export Development Authority (APEDA), which works under the aegis of Ministry of Commerce and Industry, has facilitated the export of the first trial shipment of fresh pomegranate to the USA through air route. Key points Read More …