Shipping ministry offers grant to JNPT, Karwar port
Context: The Ministry of Shipping has sanctioned Rs 25 crore as grants-in-aid to the Jawaharlal Nehru Port Trust and another Rs 50 crore to the Government of Karnataka for the…
CRISIL launches India’s first infrastructure investability index
CRISIL launched the CRISIL InfraInvex, India’s first investability index, along with the CRISIL Infrastructure Yearbook 2017, a first-of-its-kind annual publication. The Index & its Report: The index tracks, measures and assesses investment attractiveness,…
PFMS to boost monitoring of funds
Finance Minister said the use of Public Finance Management System (PFMS) will help in effective monitoring of the flow of funds to beneficiaries of different government welfare schemes. With the capability…
Integrity Index Tool
In line with the broader strategy and emphasis on preventive vigilance, the Central Vigilance Commission (CVC) believes that the next level of systemic change can be through the tool of…
Bank Recaptialisation
Government announced an aggressive INR 2.11 lakh crore capital infusion plan for public sector banks reeling under bad loans over a period of two years. Bank recapitalisation, as the name…
What is Recapitalisation Bonds (RCBs)?
Recapitalisation bonds are dedicated bonds to be issued at the behest of the government for recapitalizing the trouble hit Public Sector Banks (PSBs). Bonds worth of Rs 1.25 trillion is…
Banks to sell Small Savings Schemes
In order to encourage savings, the government has allowed banks, including top three private sector lenders, to accept deposits under various small savings schemes like National Savings Certificate (NSC), recurring…
ADIA will become the first institutional investor in NIIF
Pursuant to the Memorandum of Understanding (MoU) between Department of Economic Affairs, Ministry of Finance, Government of India and the Government of United Arab Emirates (UAE) to mobilise long term…
Footwear Design & Development Institute Act 2017
Introduction: Footwear Design & Development Institute (FDDI) has been declared an ‘Institute of National Importance’ under Ministry of Commerce & Industry, Government of India. The FDDI bill was passed by…
Bureau of Indian standards (BIS) Act 2016
A new Bureau of Indian standards (BIS) Act 2016 which was notified on 22nd March, 2016, has been brought into force with effect from 12th October, 2017. Features of the Act: The Act establishes…
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