Digital payments take a quantum leap due to sustained efforts towards digitalisation

Pankaj Chaudhary, Minister of State for Finance, informed that total volume of digital payments have increased to 4371.18 crore in January 2021 from Rs 1459.02 crore in 2017-18 due to the government’s continuous efforts towards digitalisation. The minister informed,  in a written reply to a question in Lok Sabha, that the quantum of the bank […]

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FICCI appreciates PM Modi’s vision for enhancing exports

Prime Minister Narendra Modi while interacting with the leaders and the heads of Indian Missions abroad from the trade world on the theme Local Goes Global-Make in India said it is due to technological, financial and physical connectivity the world is getting smaller and smaller day by day. He said new possibilities for the expansion […]

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Spread of Delta variant results in fall of global crude oil prices

Rapidly spreading Delta variant of coronavirus in top oil consuming countries has become a cause of concern for Brent crude oil producing countries. According to the analysts it will limit the demand for fuel. Hence the Brent crude oil future has declined  67 cents reaching to 71.74 dollars per barrel while US crude fell 86 […]

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Cabinet approves schemes for domestic manufacturing of Solar PV cells and modules

Power Minister R.K. Singh informed direct employment to 30,000 people and indirect jobs to 1.2 lakh people has been targeted by the ‘National Programme on High Efficiency Solar PV Modules’. A production linked incentive scheme (PLI)for solar energy sector has been approved by the union cabinet. The scheme has the investment outlay of about Rs […]

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Two major bills passed in Lok Sabha amid uproar

Despite pandemonium, the Lok Sabha successfully passed two important bills—“National Institutes of Food Technology, Entrepreneurship and Management Bill, 2021” and “Factoring Regulation (Amendment) Bill, 2021”. Speaking on the Factoring Regulation (Amendment) Bill, 2021, finance minister Nirmala Sitharaman said, “the bill simplifies the definition of factoring business, in which banks, or Non-Banking Finacial Companies (NBFCs), or […]

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RBI plans digital currency, may conduct pilots in retail and wholesale segments  

Reserve Bank of India (RBI) may soon come up with central bank digital currency (CBDC). Deputy Governor of RBI, T Rabi Shankar informed that the apex bank is considering a phased implementation strategy and its examining the use cases to be implemented without any disruption. For the same, it’s all set to conduct pilots in […]

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Tata Steel Mining and Jindal Stailess join hands for Chrome Ore mining in Odisha

An MoU has been signed between Tata Steel Mining Limited (TSML) and Jindal Stainless Limited (JSL) for joint mining of the Chromite Ore locked up in the boundary between their mines located in Sukinda of Jajpur district, Odisha. The initiative will also help in the conservation of Chromite Ore which would have been forever left […]

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Insolvency and Bankruptcy regulations amended to enhance focus on discipline, transparency and accountability

The Insolvency and Bankruptcy Board of India (IBBI) has amended the insolvency and Bankruptcy regulations and the IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016 has been notified on 14th July, 2021. The regulations have been amended to augment focus on discipline, transparency and accountability when corporate insolvency proceedings are conducted. According to […]

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Grant of Rs 6,143 crore recommended by the 15th Finance Commission for online learning

Education Minister Dharmendra Pradhan in a written reply to a question in Lok Sabha informed that the 15th Finance Commission has issued recommendation for grant of Rs 6,143 crore for online learning professional courses for higher education in regional languages. In this amount Rs 250 crore rupees have been assigned for Andhra Pradesh. He said […]

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