The Ministry of Micro, Small and Medium Enterprises organized a National SC-ST Hub Conclave at Ahmedabad, Gujarat on 28th September 2022 to spread awareness about the National SC-ST Hub (NSSH) Scheme and other Schemes of the Ministry. Key points For Read More …
Category: Economy
Global Innovation Index Ranking 2022: India enters top 40 for first time
The World Intellectual Property Organization (WIPO) on September 29 released the Global Innovation Index (GII) 2022. Key points Switzerland has emerged as the world’s most innovative economy for the 12th consecutive year. For the first time, India has made remarkable Read More …
India Tourism Statistics 2022
On the occasion of World Tourism Day the Vice President of India, Shri Jagdeep Dhankhar released India Tourism Statistics 2022 on September 27. Key Highlights The COVID-19 pandemic and the resulting restrictions saw foreign tourist arrivals in India dip by Read More …
IEC Campaign on Fortified Rice in Tribal Areas in five States
In order to popularise and create awareness about the benefit of Fortified Rice specially in Tribal Areas of the country, the Department of Food and Public Distribution (DFPD) and States governments of Gujarat, Maharashtra, Chhattisgarh, Madhya Pradesh, Jharkhand, Telangana Rajasthan, Read More …
4th round (January-March 2022)-Quarterly Employment Survey (QES) of AQEES
The fourth round (January-March 2022) of the Quarterly Employment Survey (QES) was released by Union Labour Minister Bhupender Yadav on September 27. QES is a part of the All India Quarterly Establishment based Employment Survey (AQEES). The Labour Bureau had Read More …
What is Tokenisation or Card-on-File (CoF) Tokenisation?
To protect the interests of cardholders, RBI has mandated that with effect from October 1, 2022, entities other than card networks and card issuers cannot store card data, such as card number, expiry date, etc. At the same time, to Read More …
Toyota is set to unveil India’s first ‘flex fuel’ car
Toyota is set to unveil India’s first ‘flex fuel’ car on September 28, 2022. It can run on one or multiple fuel types and developed as part of a new pilot aimed at deleveraging the country’s dependence on imported fossil Read More …
Cash in banking system turns deficit, first time in over three years
Banking system liquidity slid to a deficit for the first time in over three years, squeezed by advance tax payments and ballooning government cash balances. Key points The net liquidity injection was Rs 21,873.43 crore on September 20, bucking the Read More …
UCO Bank becomes first lender to get RBIs approval for rupee trades
Public sector lender UCO Bank has received the Reserve Bank of India’s (RBI’s) approval to open a special vostro account with Gazprombank of Russia for trade settlement in Indian rupees. Key points UCO Bank is the first bank to receive Read More …
Draft Indian Telecommunication Bill, 2022
The Department of Telecommunications (DoT) on September 21 issued the draft Indian Telecommunication Bill, 2022. Salient features It aims to bring in sweeping changes to how the telecom sector is governed, primarily by giving the Centre more powers in several Read More …
MCA amends Corporate Social Responsibility (CSR) rules
The Ministry of Corporate Affairs (MCA) has released the Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022. Salient amendments The businesses having any amount in its ‘unspent corporate social responsibility account’ should set up a CSR committee to oversee the Read More …
Five major palm oil importers from Asia form ‘Asian Palm Oil Alliance (APOA)’
Apex Edible oil industry associations from five major palm oil importing countries in South Asia on September 22 announced the setting up of Asian Palm Oil Alliance (APOA) at the instance of Solidaridad Network, a specialist in sustainable agriculture. APOA Read More …
First consignment of plant-based meat products exported to USA from Gujarat
In a move to boost exports of unique agricultural processed food products, the centre through APEDA — facilitated the export of first consignment of plant-based meat products under Vegan food category from Nadiad in Kheda district in Gujarat to California,the Read More …
REC gets ‘Maharatna’ status
Power sector focused non-banking finance company REC Ltd has been accorded the status of a ‘Maharatna’ Central Public Sector Enterprise. Key Points It has become the 12th company to attain the Maharatna status. The other 11 Maharatna CPSEs at present Read More …
Convergence module between AIF, PMFME and PMKSY
The Government of India has launched the convergence module between the Agriculture Infrastructure Fund (AIF), Pradhan Mantri Micro Food Enterprises Upgradation Scheme (PMFME) and Pradhan Mantri Kisan Sampada Yojana (PMKSY). Agriculture Infra Fund (AIF) Agriculture Infra Fund (AIF) is a Read More …