IL&FS Cash Crunch

IL&FS Cash Crunch

The NBFC financial crisis has posed a serious challenges for the entire non-banking financial sector. In recent case, the interest rates on short term borrowing has severely impacted the cycle of NBFCs and left them with IL&FS Cash Crunch challenge.   About: • India’s top 15 Non-Banking Finance Companies have together lost about more than…

Vision Zero Conference

Vision Zero Conference

Tamil Nadu government along with partners has organized Vision Zero conference.   About: • Tamil Nadu government, in association with DGUV organization of Germany, and supported by the International Social Security Association (ISSA) organized ‘Vision Zero Conference’. • The vision of the conference is to have a world without occupational accidents and work-related diseases.  …

Pension Adalat

Pension Adalat

The Union Minister Dr Jitendra Singh inaugurated the ‘Pension Adalat’ on 18th September 2018.   About: • The pension Adalat was organised by the Department of Pension & Pensioners’ Welfare, Ministry of Personnel, Public Grievances and Pensions, Government of India. • Objective: The Pension Adalats are being convened with the objective of bringing on a…

‘e-Sahaj’ Portal

‘e-Sahaj’ Portal

Union Home Secretary launches ‘e-Sahaj’ portal for grant of Security Clearance.   About: • e-Sahaj portal is launched to facilitate individuals and private companies in seeking security clearance for setting up business in certain sensitive sectors like civil aviation.   Benefits of e-Sahaj Portal: • The portal will facilitate an applicant to submit application online…

Textile Industry Schemes

Textile Industry Schemes

In an recent interaction with the Stakeholders of textile industry, Union Textile Minister highlighted the Textile Industry Schemes.   About: Textile sector of India contributes 14% to industrial production, 4% to India’s GDP and constitutes to 13% of country’s export earnings. It is the biggest employer in India after Agriculture. Some of the Major schemes…

Sustainable Alternative Towards Affordable Transportation (SATAT)

Sustainable Alternative Towards Affordable Transportation (SATAT)

Sustainable Alternative Towards Affordable Transportation (SATAT)… This initiative can prove out to be a watershed moment in development of Compressed Bio-Gas (CBG) in India.   About: • Union Ministry of Petroleum and Natural Gas has come up with an innovative initiative to set up Compressed Bio-Gas (CBG) production plants and make available CBG in the…

Pradhan Mantri Gram Sadak Yojana(PMGSY)

Pradhan Mantri Gram Sadak Yojana(PMGSY)

According to a World Bank Report, Pradhan Mantri Gram Sadak Yojana(PMGSY) has improved mobility and increased access to economic opportunities, triggering a structural transformation in rural India.   About: • World Bank Draft Report titled ‘Impact Evaluation of the Pradhan Mantri Gram Sadak Yojana (PMGSY)’, presents the results of an impact evaluation of the rural…

Portal Launched To Grant Speedy Loans To MSMEs

Union Ministry of Finance has launched www.psbloansin59minutes.com for in-principle approval of loans to MSMEs.   About: • The launched web portal www.psbloansin59minutes.com will provide loans up to Rs 10 million within 59 minutes for MSMEs. The portal is for securing loan approvals only from Small Industries Development Bank of India (SIDBI), and five public sector…

Ease Of Living Index

Ease Of Living Index

In recently declared ease of living index, Andhra Pradesh has topped.   About: • In recently declared ‘Ease of Living Index’, Andhra Pradesh has topped the chart rankings. • The index was based on the work done regarding Atal Mission for Rejuvenation and Urban Transformation (AMRUT), and was declared by Ministry of Housing and Urban…

Financial Inclusion Index

Financial Inclusion Index

Recently, Union Minister of Finance, Shri Arun Jaitley launched the Financial Inclusion Index.   About: • Financial Inclusion Index (FII) which will be a measure of access and usage of a basket of formal financial products and services that includes savings, remittances, credit, insurance and pension products. • Department of Financial Services (DFS), Ministry of…