Author: ForumIAS

Cabinet approves establishment of Animal Husbandry Infrastructure Development Fund

News: Cabinet has approved the setting up of Animal Husbandry Infrastructure Development Fund(AHIDF) worth Rs 15,000 crores. Facts: Aim: To facilitate incentivisation of investments in the establishment of infrastructure in the animal husbandry sector. Beneficiaries: Farmer Producer Organizations (FPOs), MSMEs, Section 8 Companies, Private Companies and individual entrepreneurs with minimum 10% margin money contribution by… Continue reading Cabinet approves establishment of Animal Husbandry Infrastructure Development Fund

MSDE-IBM Partnership Unveils “Skills Build Reignite” Platform

News: Directorate General of Training(DGT) under the Ministry of Skill Development & Entrepreneurship(MSDE) in partnership with IBM has launched Skills Build Reignite Platform. Facts: Skills Build Reignite Platform: It is an online platform that aims to provide job seekers and entrepreneurs with access to free online coursework and mentoring support designed to help them reinvent… Continue reading MSDE-IBM Partnership Unveils “Skills Build Reignite” Platform

India retains position as third largest economy in PPP

News: The World Bank has released the new Purchasing Power Parities (PPPs) for reference year 2017 under its International Comparison Program (ICP). Facts: International Comparison Program(ICP): It is the largest worldwide data-collection initiative managed by the World Bank under the guidance of the UN Statistical Commission(UNSC). Objective:  To produce purchasing power parities(PPPs) and comparable price… Continue reading India retains position as third largest economy in PPP

Government launches another funding scheme to help the distressed MSME sector

News: Union Minister of Micro, Small and Medium Enterprises(MSMEs) has launched Credit Guarantee Scheme for Subordinated Debt(CGSSD) which is also called “Distressed Assets Fund–Sub-ordinate Debt for MSMEs”. Facts: Aim: To extend support to the promoters of the operational MSMEs which are stressed and have become NPA as on 30th April, 2020. Guarantee: It provides a… Continue reading Government launches another funding scheme to help the distressed MSME sector

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