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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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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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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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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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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In a distinct move the government has removed custom duty on Masur Dal. The government has also reduced agriculture infra development cess on it from 20% to 10 %. Both these steps taken by the union government are aimed at checking the price rise of this everyday staple in the country while boosting its domestic […]
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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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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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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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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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