Economy

a) Disinvestment: Disinvestment means sale or liquidation of assets by the government, usually Central and state public sector enterprises, projects, or other fixed assets.The government undertakes disinvestment to reduce the fiscal burden on the exchequer, or to raise money for meeting specific needs, such as to bridge the revenue shortfall from other regular sources. b) … Read more

Ministry of Commerce & Industry throughExport Credit Guarantee Corporation (ECGC) has introduced a new Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability and ease the lending process.Enhanced cover will ensure that Foreign and Rupee export credit interest rates will be below 4%and 8% respectively for exporters.Under ECIS, insurance coverpercentage has also been … Read more

The following points highlight the two main sources of government revenue in India. Tax Revenue: Union Excise Duties: They are, presently, by far the leading source of revenue for the Central Government and are levied on commo­dities produced within the country, but exclu­ding those commodities on which State excise is levied (viz., liquors and narcotic … Read more

Aspire – A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship.  It was launched by Ministry of MSME. ASPIRE- was launched to set up a network of technology centres and to set up incubation centres to accelarateenterpreneurship and also to promote startups for innovation in agro industry   The main objectives of the scheme … Read more

Skills Acquisition and Knowledge Awareness for Livelihood (SANKALP) is an outcome-oriented programme of Ministry of Skill Development & Entrepreneurship (MSDE) with a special focus on decentralised planning and quality improvement.It is a Centrally Sponsored Scheme which is collaborated with the World Bank. It aims to implement the mandate of the National Skill Development Mission (NSDM). … Read more

One Nation One Ration Card Scheme which will allow portability of food security benefits will be available across the country from 1st July, 2020. This means poor migrant workers will be able to buy subsidized rice and wheat from any ration shop in the country. Highlights of the Scheme The scheme is all about inter-state … Read more

A debenture redemption reserve (DRR) is a provision stating that any Indian corporation that issues debentures must create a debenture redemption service in an effort to protect investors from the possibility of a company defaulting. This provision was tacked onto the Indian Companies Act of 1956, in an amendment introduced in the year 2000. The … Read more

DRAFT NATIONAL RESOURCE EFFICIENCY POLICY was released by the Ministry for Environment, Forest and Climate Change for public comments.  The Policy notes that the material consumption in India has increased by six times from 1.2 billion tonnes in 1970 to 7 billion tonnes in 2015. It is expected to double by 2030, in view of … Read more

A geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. In order to function as a GI, a sign must identify a product as originating in a given place. A geographical indication right enables those who have … Read more

National Investment and Infrastructure Fund Limited (NIIFL) is an investor-owned fund manager, anchored by the Government of India (GoI) in collaboration with leading global and domestic institutional investors. funds have investment mandates to invest in infrastructure assets and related businesses that are likely to benefit from the long-term growth trajectory of the Indian economy. Our … Read more