NORTH EAST VENTURE FUND
Why in news? A venture fund is being provided by the Ministry of Development of North Eastern Region (DoNER) for the growth of entrepreneurship and to encourage start-ups in the region. North East Venture Fund (NEVF) North Eastern Development Finance Corporation Limited (NEDFi) in association with Ministry of Development of North Eastern Region (M-DoNER) has […]
COTPA, 2003
The Cigarettes and Other Tobacco Products (Prohibition of Advertisement and Regulation of Trade and Commerce, Production, Supply and Distribution) Act, 2003 or COTPA, 2003 is an Act of Parliament of India enacted in 2003 to prohibit advertisement of, and to provide for the regulation of trade and commerce in, and production, supply and distribution of […]
CABINET APPROVES COMPANIES (SECOND AMENDMENT) BILL, 2019
Companies (Second Amendment) Bill, 2019 The Companies (Second Amendment) Bill, 2019 proposes to amend the Companies Act, 2013 to enable listing of Indian firms on foreign stock exchanges. This would increase the competitiveness among the Indian companies with respect to access to capital, better valuations and broader investor base. The Amendment Bill would remove criminality […]
PUBLIC FINANCE MANAGEMENT SYSTEM
The Government has revolutionized the technology driven Public Finance Management System (PFMS) that has silently empowered India to be accountable , responsive and transparent.
RELAXATION OF FDI NORMS IN DEFENCE SECTOR
Why in news? The information related to FDI was given by Raksha Rajya Mantri Shri Shripad Naik in a written reply to one MP in Rajya Sabha. What was the content? In May 2001, the Defence Industry sector, which was earlier reserved for the public sector, was opened up to 100% for Indian private sector, with Foreign Direct Investment (FDI) up to […]
POST-PANDEMIC PERIOD WILL SEE TURNAROUND IN JOB MARKET
Why in news? Once the COVID-19 dust settles down, a new order will emerge in the job market, analysts say. Several new jobs in the field of health and hygiene and technology may come up. Segments that could see a steady increase in business when the dust settles: Healthcare Pharma Biotechnology Gaming Over-the-top (OTT) services, […]
MORATORIUM ON REPAYMENT PUTS NBFCS IN A SPOT
Why in news? Non-banking financial companies (NBFCs) may face a tough time following the Reserve Bank of India’s recent directive on providing a moratorium on repayment. Why would NBFC face the heat? This is because though these entities are providing moratorium to their customers, they still have to continue repaying banks and other borrowers. NBFCs […]
BANK CREDIT SHOT UP JUST BEFORE LOCKDOWN
Why in news? Bank loans grew by a whopping ₹2.31 lakh crore in the fortnight ended March 27, indicating robust loan demand just when a nationwide lockdown was imposed to contain the spread of COVID-19, according to the RBI. This was probably the highest fortnightly loan growth recorded in financial year 2019-20. Details The good […]
CHOKED SUPPLY LINES TO BE CLEARED, TOUGHER NORMS LIKELY FOR PUBLIC TRANSPORTATION
Why in news? Stoppered supply lines with trucks waiting on highways, the ongoing harvest season and procurement of food grains in various parts of the country are some of the issues that will inform the kind of lockdown the country will continue to have post April 14. Motor Vehicles Department chalks out protocol for post-lockdown […]
BUDGET SUMMARY 2020-21 for UPSC Exam
INTRODUCTION Fiscal policy It is the government actions with respect to aggregate levels of revenue and spending. Fiscal policy is implemented though the budget and is the primary means by which the government can influence the economy. Union Budget Union Budget is the most comprehensive report of the Government’s finances in which revenues from all […]