About the Scheme In 2020, the Ministry of Food Processing Industries launched the PM Formalisation of Micro food processing Enterprises Scheme (PM FME Scheme) for providing financial, technical and business support for upgradation of existing micro food processing enterprises. With …
About EBP Government has been implementing the Ethanol Blended Petrol (EBP) Programme wherein Oil Marketing Companies (OMCs) sell petrol blended with ethanol up to 10%. This programme has been extended to the whole of India except Union Territories of Andaman …
About the scheme One District One Product (ODOP) scheme was launched by the Ministry of Commerce and Industry. The objective is to convert each District of the country into an Export Hub by Identifying products with export potential in the …
Who did it first? The Kushans, who hailed from the Central Asian region and ruled till 3rd century AD, were the first to use the image of Goddess Lakshmi on their coins, along with Ardochsho, the Iranic Goddess of wealth. …
Why in News: The Reserve Bank of India (RBI) has mandated the tokenisation of credit/debit cards for online merchants from October 1. Till then, card details for online purchases were stored on the servers of these merchants in order to …
What is Open Network Digital Commerce (ONDC)? ONDC is a tech-driven digital commerce infrastructure that’s popularly defined as a marketplace of e-commerce markets. ONDC is a network based on open protocol and will enable local commerce across segments, such as …
What’s in the news? The World Bank has estimated that India will grow 6.5% in the current fiscal year (FY22-23), after having grown at 8.7% in the fiscal year ended March 31. The estimate for the current year was revised …
Context Speaking at the sixth anniversary of the Insolvency and Bankruptcy Board of India (IBBI) recently, Union Finance Minister Nirmala Sitharaman said that the country could not afford to lose the “sheen” of its insolvency law, the Insolvency and Bankruptcy …