Author: ForumIAS

Government opens up space sector and assets to private sector to ‘enhance’ capacity

News: Union Government has approved the setting up of a new body named the Indian National Space Promotion and Authorization Centre(IN-SPACE). Facts: IN-SPACE: It will be a national nodal agency under the Department of Space for providing a level playing field for private companies to use Indian space infrastructure. It will also have its own… Continue reading Government opens up space sector and assets to private sector to ‘enhance’ capacity

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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