Context Indonesia, the world’s biggest producer, exporter, and consumer of palm oil, announced that it will ban all exports of the commodity and its raw materials to reduce domestic shortages of cooking oil and bring down its skyrocketing prices. The …
About NLMC The Union Cabinet has approved the setting up of a new government-owned firm for pooling and monetising sovereign and public sector land assets. The National Land Monetisation Corporation (NLMC) is being formed with an initial authorised share capital …
About The Ministry of MSME has launched the MSME Innovative Scheme (Incubation, Design and IPR) to promote and support untapped creativity of the MSME sector. It will act as a hub for innovation activities facilitating and guiding development of ideas …
Context Finance Minister Nirmala Sitharaman virtually interacted with several distinguished United States Universities to explore the opportunities of setting up foreign universities and institutions at GIFT City. About GIFT The City was conceptualised as an alternative to global financial hubs …
About the scheme One District One Product 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 …
About Payments banks Payments banks are the new age banks with limited facilities. These banks mostly operate through the small vendors and shopkeepers. It exists in between the mobile wallet and regular banks. Payments banks are permitted to set up …
About the scheme The Production Linked Incentive (PLI) aims to give companies incentives on incremental sales from products manufactured in domestic units. Apart from inviting foreign companies to set shop in India, the scheme also aims to encourage local companies …
What’s in the news? India’s Sugar Exports witnessed an astounding growth of 291% from USD 1,177 million in FY 2013-14 to USD 4600 million in FY 2021-22. India exported sugar to 121 countries across the globe. Sugar export jumped 65 …
About IBC The Insolvency and Bankruptcy Code (IBC) creates a time-bound process for insolvency resolution of companies and individuals. These processes will be completed within 180 days (unless extended by a one-time extendable period of 90 days). If insolvency cannot …
About the scheme The Production Linked Incentive (PLI) aims to give companies incentives on incremental sales from products manufactured in domestic units. Apart from inviting foreign companies to set shop in India, the scheme also aims to encourage local companies …