What is the news? The Union Government has approved continuation of Scheme of Assistance to National Sports Federations (NSFs) from 2021-22 to 2025-26. What is the Scheme of Assistance to National Sports Federations (NSFs)? It is the flagship Central Sector Scheme of the Ministry of Youth Affairs and Sports. The scheme is the main source… Continue reading Government approves continuation of Scheme of Assistance to National Sports Federations with an outlay of Rs. 1575 crore
Author: Abdul
Saffron Bowl Project
What is the news? North East Centre for Technology Application and Reach (NECTAR) under Saffron Bowl project has identified few locations in Arunachal Pradesh and Meghalaya for saffron cultivation. Saffron Cultivation in North East Saffron production has long been restricted to a limited geographical area in the Union territory of Jammu & Kashmir. Pampore region,… Continue reading Saffron Bowl Project
World Wetlands Day: Sanctuaries in Gujarat, Uttar Pradesh listed as Ramsar sites
Contents1 What is the News?2 What is Khijadiya Bird Sanctuary?3 What is Bakhira Wildlife Sanctuary?4 What is the National Wetland Decadal Change Atlas? What is the News? On the occasion of World Wetlands Day, Khijadiya Bird Sanctuary in Gujarat and Bakhira Wildlife Sanctuary in Uttar Pradesh have been included as Ramsar Site from India. With… Continue reading World Wetlands Day: Sanctuaries in Gujarat, Uttar Pradesh listed as Ramsar sites
FM moots ₹19,500-cr. push for solar manufacturing
What is the News? In Union Budget 2022, the Finance Minister has announced an “additional allocation” of ₹19,500 crore as a Production-linked incentive for manufacturing solar modules. Note: The Budget 2022 has referred to climate action as a sunrise sector and employment generator. This has sent an important signal to markets, financial institutions and the… Continue reading FM moots ₹19,500-cr. push for solar manufacturing
Push for promotion of drones through start-ups
What is the News? In the Union Budget 2022, the Finance Minister has announced several steps for the promotion of Drones. What are the steps announced by the Finance Minister for the promotion of Drones? Firstly, Startups will be promoted to facilitate ‘Drone Shakti’ through varied applications and for Drone-as-a-Service(DrAAS). Note: Drone Shakti is a… Continue reading Push for promotion of drones through start-ups
Cryptocurrency tax: Budget 2022 unveils norms for virtual digital assets
What is the News? In Budget 2022, the Finance Minister has announced several norms for virtual digital assets. What are the steps announced by the Finance Minister for crypto assets? Digital Rupee: Reserve Bank of India will launch a Digital Rupee – India’s version of a Central Bank Digital Currency (CBDC) by 2022-23. The CBDC will… Continue reading Cryptocurrency tax: Budget 2022 unveils norms for virtual digital assets
Budget 2022: Auctions By March, Rollout By FY23 Govt lays ground for 5G rollout; pushes rural broadband deadline to 2025
What is the News? In the Budget 2022, the Union Finance Minister has announced several initiatives in the Telecom Sector. What are the initiatives announced by the Finance Minister in the Telecom Sector? Firstly, the Government will hold an auction for the 5G spectrum in 2022, but the implementation of services will happen in 2022-2023. … Continue reading Budget 2022: Auctions By March, Rollout By FY23 Govt lays ground for 5G rollout; pushes rural broadband deadline to 2025
A NEW SCHEME, PRIME MINISTER’S DEVELOPMENT INITIATIVE FOR NORTH EAST ‘PM-DevINE’ ANNOUNCED; Rs. 1500 CRORE ALLOCATED
What is the news? The Finance Minister has announced the Prime Minister’s Development Initiative for North-East(PM-DevINE) Scheme during the Union Budget 2022-23. What is PM-DevINE Scheme? The PM-DevINE Scheme will fund infrastructure and social development projects based on the needs felt in the North-East. Objective: To enable livelihood activities for youth and women and fill… Continue reading A NEW SCHEME, PRIME MINISTER’S DEVELOPMENT INITIATIVE FOR NORTH EAST ‘PM-DevINE’ ANNOUNCED; Rs. 1500 CRORE ALLOCATED
Govt. proposes new SEZ law
What is the news? In the Union Budget 2022, the Government has proposed to replace the Special Economic Zones (SEZs) Act,2006 with a new law. What is the Special Economic Zones (SEZs) Act? The Special Economic Zones (SEZs) Act was enacted in 2006 with an aim to create special economic zones. SEZ are areas within… Continue reading Govt. proposes new SEZ law
Budget extends more sops for IFSC
What is the news? In the Union Budget 2022, the Finance Minister has announced several steps to further promote the International Financial Services Center (IFSC) in Gujarat. What are the steps announced by the Finance Minister to promote IFSC? Firstly, Income Tax incentives will be provided to promote various business activities such as ship leasing… Continue reading Budget extends more sops for IFSC
