The Union Cabinet has approved the Central Sector Scheme – “Production Linked Incentive Scheme for Food Processing Industry (PLISFPI)” with an outlay of Rs. 10900 crore. The objectives of the Scheme are to support food manufacturing entities with stipulated minimum Sales and willing to make minimum stipulated investment for …

The Ministry of Jal Shakti has decided to use sensor-based IoT devices to effectively monitor the implementation of Jal Jeevan Mission (JJM) in more than six lakh villages. Important points: For this, National Jal Jeevan Mission in collaboration with Tata Community Initiatives Trust (TCIT) and Tata Trusts recently completed pilot …

The India-Mauritius CECPA will enter into force on 01 April 2021. Important points:  India and Mauritius signed the Comprehensive Economic Cooperation and Partnership Agreement (CECPA) on 22 February 2021. The CECPA is the first trade Agreement signed by India with a country in Africa. The India-Mauritius CECPA provides for an …

The Union Commerce and Industry Ministry announced extension of the Foreign Trade Policy (FTP) of Government of India. Important points: The present Policy which came into force on 1st April 2015, was for 5 years and was extended thereafter upto 31st March, 2021. In view of the persisting COVID-19 pandemic, …

In recognition of the continuing adverse impact of COVID-19 pandemic on certain service sectors, the Government has now extended the scope of Emergency Credit Line Guarantee Scheme (ECLGS) through introduction of ECLGS 3.0. Important points: ECLGS 3.0 will cover business enterprises in Hospitality, Travel & Tourism, Leisure & Sporting sectors …

The nomination process for this year’s Prime Minister’s Yoga Awards (PMYA) will begin from 30/03/2021, with the last date for the submission of the entries being 30/04/2021. One of the key initiatives of the Ministry of AYUSH (MoA), the International Day of Yoga (IDY), has gained international recognition. PM Narendra …

Atal Innovation Mission (AIM), NITI Aayog launched AIM-PRIME (Program for Researchers on Innovations, Market-Readiness & Entrepreneurship), an initiative to promote and support science-based deep-tech start-ups & ventures across India. In this regard, AIM has joined hands with Bill & Melinda Gates Foundation (BMGF) to launch this nationwide program which will …

Indian Army Formally Closes Down Military Farms. Military Farms were set up with sole requirement of supplying hygienic cow’s milk to troops billeted in various garrisons across British India. First Military farm was raised on 01 Feb 1889 at Allahabad. After independence Military Farms flourished with 30,000 heads of cattle …

The government has sharply slashed the rates on all small savings instruments for the first quarter of 2021-22. It has brought the rate of return on the Public Provident Fund down from 7.1% to 6.4% and effecting cuts ranging from 40 basis points (0.4%) to 110 basis points (1.1%) through …

A report ‘Economic and Social Survey of Asia and the Pacific 2021: Towards post-Covid-19 resilient economies’ has recently been released by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). According to the report, India is estimated to record an economic growth of 7% in 2021-22, …