Author: ForumIAS

Cabinet approves Special Liquidity Scheme for NBFCs/HFCs

News:Union Cabinet has approved a Special Liquidity Scheme for Non-Banking Financial Companies(NBFCs) and Housing Finance Companies(HFCs) to improve liquidity position of the NBFCs/HFCs. Facts: The Scheme will be administered by the Department of Financial Services. Under the Scheme, a large public sector bank would set up a Special Purpose Vehicle(SPV) to manage a Stressed Asset… Continue reading Cabinet approves Special Liquidity Scheme for NBFCs/HFCs

Government of India launches scheme for 100 % solarisation of Konark sun temple & Konark town

News:Government of India has launched a scheme for 100% solarisation of Konark sun temple and Konark town in Odisha. Facts: Objective: To develop the historical Sun temple town of Konark in Odisha as ‘Surya Nagri’ and to convey a message of synergy between the modern use of solar energy and the ancient Sun Temple. Implementation:… Continue reading Government of India launches scheme for 100 % solarisation of Konark sun temple & Konark town

Coir Geo textiles gets nod for Rural Road Construction

News:National Rural Infrastructure Development Agency(NRIDA) has announced that coir geo textiles will be used for construction of rural roads under the Pradhan Mantri Gram Sadak Yojana (PMGSY-III). Facts: Coir geotextiles is a woven net material made of coconut husk.  It is being used to check soil erosion, road-building and renovation of water bodies and landfills.… Continue reading Coir Geo textiles gets nod for Rural Road Construction

Cabinet approves Scheme for Formalization of Micro Food Processing Enterprises

News:Union Cabinet has given its approval to Scheme for Formalization of Micro Food Processing Enterprises for the unorganised sector on all India basis with an outlay of Rs.10,000 crore. Facts: Salient features Type: Centrally Sponsored Scheme with expenditure to be shared by Government of India and states at 60:40. Duration: It will be implemented over… Continue reading Cabinet approves Scheme for Formalization of Micro Food Processing Enterprises

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