Category: Economy Schemes and Initiatives
National Policy on Research and Development and Innovation in Pharma-MedTech
Ministry of Chemicals and Fertilizers recently launched National Policy on Research and Development and Innovation in Pharma-MedTech Sector in India (NPRDIP) and Scheme for Promotion of Research and Innovation in Pharma MedTech Sector (PRIP).
Social Impact Bonds (SIBs)
National Bank for Agriculture and Rural Development has issued India’s first ‘AAA’ rated Indian Rupee denominated Social Bonds aggregating ₹1,040.50 crores
Remission of Duties and Taxes on Exported Products (RoDTEP) scheme
The government has extended support to outbound shipments by stretching the applicability of the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for nine more months till June 30, 2024.
SARFAESI Act, 2002
RBI has asked Regulated Entities (REs) to display information regarding borrowers whose secured assets have been taken into possession under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002.
Micro Small and Medium Enterprises (MSMEs)
India Council for Research on International Economic Relations (ICRIER) has released its annual survey on MSMEs, focusing on the leverage of E-commerce for the growth of MSMEs.
Sovereign Wealth Fund (SWF)
The investments of Sovereign Wealth Funds in India have seen a steady rise over the past few years.
Sovereign Gold Bond (SGB) Scheme
The latest Sovereign Gold Bond (SGB) tranche has opened for subscription
Fugitive Economic Offenders Act and PMLA
Assets worth more than $12 billion had been attached since 2014 under the Prevention of Money Laundering Act (PMLA) and assets worth over $1.8 billion had been recovered under the Fugitive Economic Offenders Act (FEOA).
Pradhan Mantri Jan Dhan Yojana (PMJDY)
Pradhan Mantri Jan Dhan Yojana (PMJDY) – National Mission for Financial Inclusion, completed its nine years of successful implementation recently.
Pradhan Mantri Ujjwala Yojana (PMUY)
25% of beneficiaries of Pradhan Mantri Ujjwala Yojana (PMUY) either did not take any cylinders during 2022-2023 or took just one refill.
Central Bank Digital Currency
RBI Governor notified that existing cross-border payments can be made efficient by the adoption of Central Bank Digital Currencies (CBDCs).
6th Minor Irrigation Census
Recently, latest edition of the Minor Irrigation Census (MIC) finds that electricity is the dominant source of power to extract water, over diesel, windmills, and solar pumps.