Kisan Credit Cards (KCC) campaign launched for 1.5 crore dairy farmers Kisan Credit Cards (KCC) campaign launched for 1.5 crore dairy farmers
The Government will provide Kisan Credit Card (KCC) to 1.5 crore dairy farmers belonging to Milk Unions and Milk producing Companies within the next two months (1st June-31st July 2020) under a special drive. The Department of Animal Husbandry and Dairyingin association with Department of Financial Services has already circulated relevant circulars and KCC application format to all State Milk Federation and Milk Unions for..
Increase in Economic Activity-Improvement in Economic Indicators Increase in Economic Activity-Improvement in Economic Indicators
Guided by the urgent need to save lives -‘Jaanhaitoh Jahan hai’, India resorted to a strict 21 days nationwide lockdown on 24thMarch, 2020 to contain the spread of COVID-19 in its early stages in the country. The lockdown period gave a respite to ramp up the health and testing infrastructure in the country. Due to timely tracing, treatment and reporting, the number of people recovering from the..
Aatma Nirbhar Bharat Package – Progress So Far Hon’ble Prime Minister Shri Narendra Modi on May 12th, 2020, announced the Special economic and comprehensive package of Rs. 20 lakh crores - equivalent to 10% of India’s GDP – to fight COVID-19 pandemic in India. He gave a clarion call for Aatma Nirbhar Bharat or Self-Reliant India Movement. He also outlined five pillars of Aatma Nirbhar Bharat – Economy, Infrastructure, System, Vibrant Demography and Demand.
Following the call of the Hon'ble Prime ..
Special Liquidity Scheme for NBFCs and HFCs: Implementation Status The Special Liquidity Scheme of Rs. 30,000 crore for NBFCs and HFCs is being implemented w.e.f. 1st July, 2020 as a follow up of one of the announcements under Aatma Nirbhar Bharat package made by the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman on 13th May, 2020. The Scheme has been launched to improve the liquidity position of NBFCs/HFCs..
Sovereign Gold Bond Scheme 2020-21 The Government of India, in consultation withthe Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from October 2020 to March 2021as per the calendar specified below:
Partial Credit Guarantee Scheme (PCGS) 2.0 extended with greater flexibility to respond to emerging demands As part of Aatmanirbhar Bharat Abhiyan, announced by the Government, Partial Credit Guarantee Scheme (PCGS) 2.0 was launched on 20.05.2020 to provide Portfolio Guarantee for purchase of Bonds or Commercial Papers (CPs) with a rating of AA and below issued by NBFCs/HFCs/ MFIs by Public Sector Banks (PSBs). It was envisaged to purchase Bonds/ CPs of Rs. 45,000 crore under PCGS 2.0 of which the maximum headroom permissible for purchase of Bonds/ CPs rated AA/AA-..
Cabinet approves measures to provide liquidity in the Power Sector Dues to the financial stress caused by COVID-19 The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved a one-time relaxation to Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) for extending loans to Distribution Companies (DISCOMs) above limits of working capital cap of 25% of last year’s revenues under Ujwal DISCOM Assurance Yojana (UDAY).
One-time relaxation would help in providing liquidity to the power sector and ensure payments by State Governments to DISCO..
Make In India Recently, Government has taken various steps in addition to ongoing schemes to boost domestic investments in India. These include the National Infrastructure Pipeline, Reduction in Corporate Tax, easing liquidity problems of NBFCs and Banks, various policy measures to boost domestic manufacturing. Government of India has also promoted domestic manufacturing of goods through public procurement orders, Phased Manufacturing Programme (PMP), Schemes for Production Linked Incentives of various Ministries...
Shri Gadkari Calls upon Apparel Export Promotion Council for taking measures to target increasing exports by two times Shri Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises (MSMEs) has called upon the Apparel Export Promotion Council (AEPC) to take measures for increasing exports 2 times. He also emphasized on technology upgradation and research to improve quality and remain cost competitive in the global market. He was speaking while inaugurating the Virtual Workshop- A Joint initiatives of Apparel Expert Promotion Council and MSME Ministry through Video Conference, Shri Gadkari said Government is p..
Unacademy announces ESOPs buyback Unacademy announces ESOPs buyback ESOPs buyback on December 10, 2020, second liquidity event in company’s history
· Current and exited employees may liquidate between 25% to 100% of their vestedESOPs
Mumbai, October 15, 2020: Unacademy, India’s largest learning platform, announced it will have an ESOPs buyback on December 10, 2020 for its current and exited employees, the second s..