Category: Economy
IREDA gets ‘Infrastructure Finance Company’ status from RBI
The Reserve Bank of India (RBI) has granted an ‘Infrastructure Finance Company (IFC)’ status to Indian Renewable Energy Development Agency (IREDA). It was earlier classified as ‘Investment and Credit Company (ICC)’. IFC status meaning About IREDA
MSME Competitive (LEAN) Scheme under MSME Champions Scheme launched
Union Ministry of MSME has launched the MSME Competitive (LEAN) Scheme on 10 March 2023. Key points
Rules amended to bring” Politically Exposed Persons” under PMLA
The Union Finance Ministry has amended money laundering rules to incorporate more disclosures for non-governmental organisations (NGO) by reporting entities like financial institutions, banking companies or intermediaries. Politically Exposed Persons Beneficial owner NGO
Har Payment Digital Mission
The Reserve Bank of India (RBI) has launched the ‘Har Payment Digital’ mission during the Digital Payments Awareness Week (DPAW) 2023. Key points
Finance Ministry brings crypto assets under Prevention of Money Laundering Act
The Government of India has brought the trading of cryptocurrency and digital assets within the ambit of the Prevention of Money Laundering Act (PMLA) through a gazette notification. Key points What are virtual digital assets? Non-fungible token About cryptocurrency
Jobs and pay for women, barely improved in 20 years: ILO Jobs Gap repot
According to the Jobs Gap-a new indicator developed by the International Labour Organization (ILO), a noticeably higher proportion of women than men would like to work but don’t have a job. Key highlights
India’s per capita income in nominal terms doubled to Rs 1,72,000 since 2014-15
India’s per capita income in nominal terms doubled to Rs 1,72,000 since 2014- 15 when the Narendra Modi-led National Democratic Alliance (NDA) came to power but uneven income distribution remains a challenge.
Government approves nano liquid DAP fertiliser for benefits of farmers
The Ministry of Chemicals and Fertilizers has given its nod to nano DAP (di-ammonium phosphate). Key points About DAP and subsidy Fertilizers pricing
What are Qualified Stock Brokers (QSB)?
The stock exchanges on March 3 issued a list of 15 stock brokers being designated as Qualified Stock Brokers (QSB) which will be subject to enhanced obligations and responsibilities. What are Qualified Stock Brokers (QSB)?
Indian tea industry: Facts
India has taken several steps to boost the output, create a niche brand for Indian tea and to ensure the welfare of the families associated with the tea industry.
SMART-PDS: A technological driven initiative
SMART-PDS is a technological driven initiative and the need of hour, therefore, all the States/UTs should make earnest efforts to implement SMART-PDS at the earliest, said Shri Piyush Goyal, Union Minister of Consumer Affairs, Food and Public Distribution. About SMART-PDS
What is a Pump and dump scheme?
The Securities and Exchange Board of India (SEBI) imposed a penalty on Bollywood actor Arshad Warsi, his wife Maria Goretti and 29 others for their YouTube-run pump and dump SCHEME.
Supreme Court forms an expert panel to probe allegations against Adani
The Supreme Court (SC) on March 2 formed an expert committee headed by a former Supreme Court judge Abhay Manohar Sapre to investigate if there was a regulatory failure leading to investor losses after the adverse report by American short-seller Read More …
GeM commemorates the success of “SWAYATT”
A function was held to commemorate the success of “SWAYATT”, an initiative to promote Start-ups, Women and Youth Advantage Through eTransactions on Government eMarketplace (GeM) in New Delhi. About SWAYATT Government e Marketplace (GeM)