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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 FarAatma 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 ..
Finance Minister Smt. Nirmala Sitharaman lauds IT Department for being responsive to people as CBDT observes 160th Income Tax day towards Nation Building
The Central Board of Direct Taxes (CBDT) and all its field offices across India today observed the 160th anniversary of Income Tax Day. In her message on the 160th Income Tax Day, Union Minister for Finance & Corporate Affairs Smt. Nirmal..
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..
Government Schemes for MSMEs & NBFCs creating significant impact - Sanctions under Emergency Credit Line Guarantee Scheme (ECLGS)cross Rs. 79,000 crore
Government Schemes for MSMEs & NBFCs creating significant impact  -  Sanctions under Emergency Credit Line Guarantee Scheme (ECLGS)cross Rs. 79,000 crore The interventions by Government for MSMEs, have been gaining rapid traction.  Under the Emergency Credit Line backed by a Government guarantee, Banks from Public & Private Sectors have so far already sanctioned loansworth over Rs. 79,000 crore as of June 20, 2020, of whichmore than Rs 35,000 cr..
Sovereign Gold Bond Scheme 2020-21Sovereign 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: S. No. ..
Prime Minister Shri Narendra Modi to launch the platform for “Transparent Taxation – Honoring the Honest” on the 13th August 2020.
Prime Minister will launchthe platform for “Transparent Taxation – Honoring the Honest” via video conferencing on the 13th August 2020. TheCBDT  has carried out several major tax reforms in direct taxes in the recent years.   Last year the Corporate Tax rates were reduced from 30 percent to 22 percent and for new manufacturing units the rates were reduced to 15 percent. Dividend distribution Tax was also abolished. The focus of the ta..
Finance Minister Smt. Nirmala Sitharaman reviews implementation of Aatma Nirbhar Bharat Package pertaining to Ministries of Finance & Corporate AffairsFinance Minister Smt. Nirmala Sitharaman reviews implementation of Aatma Nirbhar Bharat Package pertaining to Ministries of Finance & Corporate Affairs
Hon’ble Prime Minister Shri Narendra Modi on May 12th, 2020, announced the Special economic and comprehensive package of Rs. 20 lakh crore - 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 M..
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...
Central Government Issued an Advisory to All States / UTs and Their Real Estate Regulatory Authorities to Treat Covid-19 Pandemic AS Force Majeure and Automatically Extend the Registration/Completion date of all Projects Registered Under Rera for a Period of 6 Months
In view of the situation created by the global pandemic COVID-19 (Corona Virus), reverse migration of labourers and breakdown of construction materials supply chains, the construction activities of real estate projects were affected adversely across the country. To protect the interest of all stakeholders including homebuyers, Central Government issued an advisory to all States / UTs and their Real Estate Regulatory Authorities to treat COVID-19 pandemic as force majeure and automatica..
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..
Remunerative Prices to Farmers for Horticulture Crops
The production of horticulture crops like vegetables and flowers have increased in recent years in the country                      (Production in ‘000 Tonnes) YEAR ..
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..




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