The Ministry of Textiles in collaboration with Indian Chamber of Commerce (ICC) organized the Technical Textiles Conference on 23rd August 2022 in Imphal, Manipur. Key highlights Various initiatives and schemes have been launched by the Ministry of Textiles including PLI Read More …
Category: Economy
US demand to lift India’s lab-created diamond exports
According to a recent report, Surat is gearing up to be the global hub for laboratory-created diamonds. India, which cuts or polishes about 90% of the diamonds sold in the world, is ramping up sales of laboratory-made gems as demand Read More …
UPI services is a ‘digital public good’, says Finance Ministry
The Finance Ministry on August 21 called UPI services a “digital public good”, and said the government was not considering levying charges for them. The statement comes four days after the Reserve Bank of India (RBI) floated a discussion paper Read More …
Govt awards GI tag to Mithila Makhana
The Government of India has awarded Geographical Indication (GI) tag to Mithila Makhana (fox nut) of Bihar. With this move, growers will get the maximum price for their premium produce. Key highlights Over five lakh farmers of Mithila region of Read More …
CAROTAR and Rules of Origin
The Finance Ministry has said that exemptions specified in a Free Trade Agreement (FTA) with regard to the country of origin would prevail in case of a conflict between the revenue department and an importer. In an instruction to chief Read More …
Power exchanges told not to allow trading by 27 discoms
Power System Operation Corporation (POSOCO) has debarred 12 states and a Union Territory (UT) from buying/selling electricity at the spot market as a penalty for not clearing their dues to generators. POSOCO is the national grid operator under the power Read More …
Tilapia Aquaculture Project
Technology Development Board (S&T Department) has extended support for ‘Advanced, Intensive, All Male Tilapia Aquaculture Project with Israeli Technology’ which his inspired by Pradhan Mantri Matsya Sampada Yojana. The board has penned an mutual agreement, to provide loan assistance of Read More …
Cabinet approves Interest subvention of 1.5% per annum on Short Term Agriculture Loan
The Union Cabinet has approved to restore Interest Subvention on short term agriculture loans to 1.5% for all financial institutions. Thus, Interest Subvention of 1.5% will be provided to lending institutions for the financial year 2022-23 to 2024-25 for lending Read More …
UDAN Scheme completes 5 years: Achievements
Ministry of Civil Aviation’s flagship program Regional Connectivity Scheme UDAN (UdeDeshkaAamNagrik) has completed 5 years of success. UDAN: History and Achievements UDAN’s first flight was launched by Prime Minister on 27th April 2017. The scheme was initiated on 21st October Read More …
Government commences Basmati crop survey
The Agricultural and Processed Food Products Export Development Authority (APEDA) has commenced Basmati crop survey to estimate acreage, assess crop health and expected yield of aromatic and long grain rice during 2022-2023 kharif crop season using climate-based yield modelling. Key Read More …
Progress of Nano Urea production and sales for FY 2022-23
Union Minister of Chemical and Fertilizers, Dr. Mansukh Mandaviya reviewed progress of Nano Urea (liquid) production and sales for the FY 2022-23 on August 12. During the FY 2022-23, about 6.0 crore bottles of nano urea will be produced and made available Read More …
RBI releases first set of norms for digital lending
The Reserve Bank of India (RBI) on August 10 issued the first set of guidelines for digital lending, to crack down on illegal activities by certain players. This follows the recommendation of a Working Group on Digital Lending that had Read More …
Cooperation Minister launches onboarding of cooperatives on Government e Marketplace (GeM) portal
The Union Minister for Cooperation, Shri Amit Shah e-launched the onboarding of cooperatives on the Government e Marketplace (GeM) portal in New Delhi on August 9, 2022. With this e-launch, all eligible cooperatives will be able to start placing orders Read More …
Sebi proposes blue bonds concept for sustainable financing
Sebi has proposed the concept of blue bonds as a mode of sustainable finance. It says that such securities can be utilised for various blue economy-related activities, including oceanic resource mining and sustainable fishing. SEBI has also suggested strengthening the Read More …
SBI will soon start a subsidiary to look into human resources
State Bank of India (SBI) will soon start a subsidiary that will look into human resources (HR)- related issues. The operations and support subsidiary of SBI has recently received in-principle approval from the Reserve Bank of India. The subsidiary will Read More …