Status of Organic farming in India

Context: In a world battered by the COVID pandemic, the growth story of organic farming is unfolding with increasing demand not only in India but also globally.  Status of Organic farming in India: India ranks first: in number of organic farmers and ninth in terms of area under organic farming.  First fully organic state: Sikkim became the first State in … Read more Status of Organic farming in India

PM Modi to launch “Transparent Taxation-Honouring the Honest”

On August 12, the Prime Minister Modi is to unveil a new platform called “Transparent Taxation-Honouring the Honest”. This was earlier announced by the Finance Minister Nirmala Sitharaman as “Tax Charter” in Budget 2020-21. The Government of India is to unveil fresh measures including big-ticket infrastructure projects to make local industry more competitive. This mainly … Read more PM Modi to launch “Transparent Taxation-Honouring the Honest”

IBBI amends Insolvency and Bankruptcy Board of India Regulations, 2017

The Insolvency and Bankruptcy board of India recently amended the Insolvency and Bankruptcy Board of India Regulations. This is the second amendment. The amendment has made major changes to the voluntary liquidation process. About the Amendment The amendment allows the corporate persons to replace the liquidator with another liquidator or insolvency professional to initiate voluntary … Read more IBBI amends Insolvency and Bankruptcy Board of India Regulations, 2017

Priority Sector Lending (PSL)

The Reserve Bank of India has assigned priority sector lending (PSL) status to India’s startup sector. Significance of the move: RBI opening up more funds for lending to startups is a very positive step. Startups have not had easy access to debt, stymied by traditional lender metrics of creditworthiness. This is a huge booster as sufficient funding and user adoption are … Read more Priority Sector Lending (PSL)

RBI Monetary Policy Highlights

Part of: GS Prelims and Mains III – Indian Economy – Monetary policy; RBI and Banking  Context:  RBI Governor Shaktikanta Das announced key policy decisions during the third review of the monetary policy since the COVID­19 pandemic spread in the country.  Do you know?  Monetary policy is the process by which the RBI controls the supply of money, … Read more RBI Monetary Policy Highlights

RBI launches “Innovation Hub” for Financial Inclusion

On August 6, 2020, the Reserve Bank of India launched “Innovation Hub” for ideation and incubation of new capabilities that can be leveraged to deepen financial inclusion. About Innovation Hub The hub is being launched to promote the start ups in the country. It will help in ideation and incubation of new capabilities. This will … Read more RBI launches “Innovation Hub” for Financial Inclusion

Khadi Agarbatti Aatmanirbhar Mission Launched: Highlights

Proposed by KVIC (Khadi and Village Industries Commission) and approved by the Minister of Micro Small and Medium Enterprises Nitin Gadkari Khadi Agarbatti Aatmanirbhar Mission is all set to generate employment for the local artisans making India self-reliant in agarbatti production. Join our Official Telegram Channel HERE for Motivation and Fast Updates Subscribe to our YouTube Channel HERE to watch Motivational … Read more Khadi Agarbatti Aatmanirbhar Mission Launched: Highlights

Core sector output shrank further

Part of: GS Prelims and Mains II – Economics – Growth and Development  Context:  The output of eight core sector industries shrank further.  Economists expect the negative trend to continue for at least two more months.  During April-­June 2020­21, the sector’s output dipped by 24.6% as compared to a positive growth of 3.4% in the same … Read more Core sector output shrank further

Government notification on E-invoicing

The central government comes up with a centralized e-invoicing scheme for business having turnover more than 500 crores. As per the recent scheme, it will be mandatory for all those businesses with a turnover of more than 500 crores to generate all their B2B invoices on a centralized government portal which will go live from … Read more Government notification on E-invoicing

India Imposes Import Restrictions on Color TV Sets

Following a ban on popular Chinese applications, the Indian Government has moved the import of Color TV sets from free to restricted. India imports the majority of TV sets from China. This move by the government is aimed to promote PM Modi’s vision of “Vocal for Local” which will boost domestic manufacturing and balance the … Read more India Imposes Import Restrictions on Color TV Sets