Union Minister inaugurates training program on Sandalwood Farming & Management of its health

What is the News Union Minister of Rural Development & Panchayati Raj has inaugurated a training program on Sandalwood Farming & Management of its health. The program is structured around the basics & benefits of Indian sandalwood, seed handling, nursery techniques & managing the health of the plant. What is Sandalwood? Sandalwood is a class… Continue reading Union Minister inaugurates training program on Sandalwood Farming & Management of its health

Gati Shakti master plan: DPIIT to monitor, implement infra projects

What is the news?  The government has recently said that the Department for Promotion of Industry and Internal Trade (DPIIT) would become the nodal agency for monitoring and implementation of all infrastructure projects under PM GATI SHAKTI PLAN.  In line with the Gati Shakti plan, the Ministry of Road Transport and Highways has finalised a blueprint for setting up multi-modal logistics… Continue reading Gati Shakti master plan: DPIIT to monitor, implement infra projects

Union Minister for Fisheries, Animal Husbandry & Dairying, launches a nationwide River Ranching Programme 

What is the news?  The Union Minister for Fisheries, Animal Husbandry & Dairying has launched a national level River Ranching program in UP.   At the same time, other 4 states namely, Uttarakhand, Orissa, Tripura and Chhattisgarh also participated nationwide River Ranching program launching.  What is river ranching? River ranching is a form of aquaculture in which a population of a fish species is… Continue reading Union Minister for Fisheries, Animal Husbandry & Dairying, launches a nationwide River Ranching Programme 

Launch of I-Sprint’21: IFSCA’s Global FinTech Hackathon Series Sprint01: BankTech

What is the news?  I-Sprint21, the global FinTech Hackathon Series of IFSCA was launched recently, where the first Sprint of the series “Sprint01: BankTech” is focussed on FinTechs for the Banking sector.  Sprint 01: BankTech is hosted jointly by IFSCA and GIFT city in collaboration with NITI Aayog. In Union Budget 2020-21 finance minister envisaged on supporting a “World Class FinTech Hub” at GIFT IFSC.  What is Sprint01: BankTech hackathon? Under… Continue reading Launch of I-Sprint’21: IFSCA’s Global FinTech Hackathon Series Sprint01: BankTech

How seven mega textile parks will help the industry

What is the news? The government recently cleared the PM MITRA scheme to set up seven mega textile parks over five years. Read more: Government has approved setting up of 7 Mega Integrated Textile Region and Apparel (PM MITRA) Parks  What does the scheme mean for the Textile industry? Help to address the bottlenecks: The… Continue reading How seven mega textile parks will help the industry

Government allows 100% FDI in telecom sector

What is the news?  The Department for Promotion of Industry and Internal Trade (DPIIT) has recently allowed 100 % FDI across all kinds of telecom services and infrastructure providers.  Earlier status of Telecom sector Earlier 100 % of FDI was allowed, of which 49 % of investment was permitted through automatic route.  About the recent… Continue reading Government allows 100% FDI in telecom sector

41 Industrial Parks identified as “Leaders” in the Industrial Park Ratings System Report

What is the news?  The 2nd edition of the Industrial Park Rating System (IPRS) Report was launched by the Department for Promotion of Industry and Internal Trade (DPIIT). All the States of India and 51 SEZs, including 29 Private, have participated in the IPRS 2.0 Report. What are the key findings of the IPRS 2.0… Continue reading 41 Industrial Parks identified as “Leaders” in the Industrial Park Ratings System Report

Srei’s fall and the sorrysaga of shadow lenders

What is the news? After the 2018 collapse of IL&FS and 2019 collapse of DHFL, the Reserve Bank of India (RBI) has added the Kolkata-based Srei Group to the country’s list of failed non-bank lenders. The regulator superseded the boards of two non-banking financial companies (NBFCs), Srei Infrastructure Finance Ltd and Srei Equipment Finance Ltd.… Continue reading Srei’s fall and the sorrysaga of shadow lenders

Centre rolls out new survey to map job creation in the informal sector

What is the news? The Union government has rolled out a nationwide survey, the Area Frame Establishment Survey (AFES), to map employment generation in the unorganized sector and establishments deploying less than 10 workers. About Area Frame Establishment Survey – The informal sector survey has also been designed by veteran labour economist and statistician S.P. Mukherjee.… Continue reading Centre rolls out new survey to map job creation in the informal sector