The Ministry of Mines has unveiled the first ever report of the country on “Critical Minerals for India”, prepared by an expert team constituted by the Ministry. 30 critical minerals India’s initiatives
Category: Economy
Special Assistance to States for Capital Investment 2023-24
The Department of Expenditure, Ministry of Finance (Government of India) has approved capital investment proposals of Rs. 56,415 crore in 16 States in the current financial year. Key points
Unity Mall in Dimapur
Department for the Promotion of Industry and Internal Trade and Invest India in collaboration with the Department of Industries and Commerce, Nagaland organized an ODOP Sampark event on the 21st of June 2023 in Kohima, Nagaland.
Manipur invokes RBI’s riot provisions to aid borrowers
The Manipur government has decided to invoke the Reserve Bank of India’s (RBI’s) riot relief measures in the state. Key points
Balance of Payment and International Investment Position Manual (BPM6)
Bangladesh has announced to adopt the International Monetary Fund (IMF) mandated method to calculate its foreign reserves. Key points (Updated on 23rd June 2023.)
Dugdh Sankalan Sathi Mobile App
Union Minister of Heavy Industries Dr. Mahendra Nath Pandey unveiled the ground-breaking “Dugdh Sanakalan Sathi Mobile App” at Mussorie, Uttarakhand. Key points
Pokkali rice
According to a recent report, the land under pokkali cultivation has steadily come down over the years. What used to be around 24,000 hectares decades ago, has plummeted to below 6,000 hectares by 2014, of which just around 1,000 hectares Read More …
India’s seafood exports touch an all-time high in FY 2022-23
India achieved an all-time high exports of seafood both in terms of volume and value by shipping 17,35,286 MT of seafood worth Rs. 63,969.14 crore (US$ 8.09 billion) during FY 2022-23. Key points
National Time Release Study (NTRS) 2023
The Central Board of Indirect Taxes and Customs (CBIC) along with other Members of the Board released the National Time Release Study (NTRS) 2023 report. Key points
Kari Ishad mango getsGeographical Indication (GI) tag
The Kari Ishad mango prominently grown in Ankola taluk of Uttara Kannada has bagged the Geographical Indication (GI) tag from the Geographical Indications Registry. Key points
Dark patterns Examples
Department of Consumer Affairs (DoCA) along with the Advertising Standards Council of India (ASCI) hosted an interactive consultation with stakeholders on “Dark Patterns” in Mumbai. About Dark patterns Some major types of Dark Patterns:
UAE emerges as the fourth largest investor in India
The United Arab Emirates (UAE) has emerged as the fourth largest investor in India during 2022-23, according to the Department for Promotion of Industry and Internal Trade (DPIIT) data. Key points
NaBFID plans to introduce takeout financing products
The National Bank for Financing Infrastructure and Development (NaBFID) plans to introduce takeout financing products to help finance projects and allow timely exits for commercial lenders. About Takeout financing About NaBFID
RBI notifies key measures to strengthen 1,514 urban co-operative banks
Aiming to strengthen 1,514 urban co-operative banks, the Centre said the Reserve Bank has notified four key measures, including giving them two years more to meet the priority sector lending targets. Key initiatives
Market coupling in the electricity sector
The Ministry of Power has directed to the Central Electricity Regulatory Commission (CERC) to initiate a market coupling process of multiple electricity exchanges, which could make prices uniform across platforms. Key points Benefits