Affordable Rental Housing Complexes Scheme under Atmanirbhar Bharat Package

Source: PIB What is the News?  Union Minister of Housing and Urban Affairs has informed that about 88,236 govt-funded vacant houses are available. They can be converted into Affordable Rental Housing Complexes under the Affordable Rental Housing Complexes Scheme. About Affordable Rental Housing Complexes Scheme: Affordable Rental Housing Complexes(ARHCs) is a Sub-scheme under Pradhan Mantri… Continue reading Affordable Rental Housing Complexes Scheme under Atmanirbhar Bharat Package

Union Cabinet approves Production-linked Incentive (PLI) Scheme for Specialty Steel

Source: PIB What is the News? The Union Cabinet has approved the Production Linked Incentive(PLI) Scheme for specialty steel. About PLI Scheme for Speciality Steel: The PLI Scheme aims to boost the production of high-grade specialty steel in the country. Coverage: The five categories of specialty steel that have been chosen in the PLI Scheme… Continue reading Union Cabinet approves Production-linked Incentive (PLI) Scheme for Specialty Steel

Adarsh Smarak Scheme

Source: The Hindu What is the news? Recently, the fort at Gandikota was identified for development under the Centrally-sponsored ‘Adopt a Heritage’ programme. Further, 3 monuments – Nagarjuna Konda in Guntur district, the Buddhist remains at Salihundam in Srikakulam district and the Veerabhadra temple at Lepakshi in Anantapur district have been identified for development under… Continue reading Adarsh Smarak Scheme

Stand Up India Scheme extended up to the year 2025

Source: PIB What is the News? The Ministry of Finance has informed Lok Sabha that the Stand Up India Scheme has been extended up to the year 2025. About Stand Up India Scheme: The Stand Up India Scheme was launched in 2016 by the Department of Financial Services, Ministry of Finance. Objective: The scheme facilitates… Continue reading Stand Up India Scheme extended up to the year 2025

Prime Minister inaugurates and dedicates PRASHAD projects in Varanasi

Source: PIB What is the News? The Prime Minister has inaugurated the Tourism Facilitation Centre and operation of Cruise Boat in Varanasi. These projects have been developed under the PRASHAD Scheme. About the PRASHAD Scheme: The National Mission on Pilgrimage Rejuvenation and Spiritual Heritage Augmentation Drive(PRASHAD) was launched by the Ministry of Tourism in the… Continue reading Prime Minister inaugurates and dedicates PRASHAD projects in Varanasi

Cabinet approves continuation of scheme for judicial infrastructure development

Source:PIB What is the News? The Central government has approved the continuation of the Centrally Sponsored Scheme (CSS) for the Development of Infrastructure Facilities for Judiciary for a further five years till 2026. Scheme for Development of Infrastructure Facilities for Judiciary: The Centrally Sponsored Scheme(CSS) for Development of Infrastructure Facilities for Judiciary has been in… Continue reading Cabinet approves continuation of scheme for judicial infrastructure development

G-secs: RBI unveils Retail Direct Scheme

Source: The Hindu  What is the News?  The Reserve Bank of India(RBI) has announced the launch of the RBI Retail Direct scheme.  About RBI Retail Direct Scheme:  RBI Retail Direct Scheme is a one-stop solution to facilitate investment in government securities (G-secs) by individual investors.  Under the scheme, retail investors (individuals) will have the facility to open and… Continue reading G-secs: RBI unveils Retail Direct Scheme

PLI schemes evoke mixed response: IT, mobile steal a march on other sectors

Source: Indian Express  What is the News? The production-linked incentive(PLI) schemes for several sectors have received a good response. However, the scheme is struggling across most other sectors where it has been rolled out.  About PLI Scheme: The scheme aims to invite foreign investors to set up their manufacturing units in India. Similarly, it also… Continue reading PLI schemes evoke mixed response: IT, mobile steal a march on other sectors

Cabinet approves Rs. 3.03 lakh crores reform-based power distribution scheme

Source: PIB  What is the News? The Union Cabinet has approved a Reforms-based and Results-linked, Revamped Power Distribution Sector Scheme. About Reform Based Power Distribution Scheme: Aim: To improve the operational efficiencies and financial sustainability of DISCOMs/ Power Departments excluding Private Sector DISCOMs by providing conditional financial assistance for strengthening of supply infrastructure. Objectives of… Continue reading Cabinet approves Rs. 3.03 lakh crores reform-based power distribution scheme

Explained: Ration card reform, so far

Source: Indian Express What is the News? The Supreme Court has directed all states and Union Territories to implement the One Nation, One Ration Card (ONORC) system by July 31st,2021. What is One Nation One Ration Card (ONORC)? The ONORC scheme is aimed at enabling migrant workers and their family members to buy subsidized ration… Continue reading Explained: Ration card reform, so far