Category: Factly – Indian Economy

Source: PIB  What is the News? The first commercial shipment of Mishri variety of cherries from Kashmir valley has been exported to Dubai from Srinagar. About Mishri Cherries: Mishri varieties of Cherries not only taste delicious but also contain vitamins, minerals, and plant compounds with health benefits. The Union Territory of Jammu and Kashmir produces… Continue reading First commercial shipment of Mishri variety of cherries from Kashmir exported to Dubai

Source: Indian Express What is the News? The Department for Promotion of Industry and Internal Trade(DPIIT) has issued orders for appointing an advisory committee for its Open Network for Digital Commerce(ONDC) project. About Open Network for Digital Commerce(ONDC) project: The ONDC Project is aimed at curbing digital monopolies in the e-commerce sector. This will be… Continue reading Open-sourcing project govt panel: What’s in store for online retailers

Source: Livemint What is the News? Securities and Exchange Board of India(SEBI) has tightened the rules for appointing and removing independent directors. This move aims at strengthening the corporate governance framework. Click Here to Read New rules for Independent Directors Who is an Independent Director? An independent director is a non-executive director who does not… Continue reading What Sebi giving a free hand to directors means

Source: Indian Express What is the News? The Department for Promotion of Industry and Internal Trade(DPIIT), Ministry of Commerce and Industry has set up a nine-member advisory council for creating an Open Network for Digital Commerce(ONDC). About Open Network for Digital Commerce(ONDC): ONDC is being designed to curb the monopolistic tendencies of e-commerce platforms.  It… Continue reading ONDC: Looking to open source e-comm processes, DPIIT sets up 9-member panel

Source: TOI What is the News? The Ministry of Consumer Affairs has issued the Draft for Consumer Protection Rules (Direct Selling) 2021. Key Features of the Draft Consumer Protection Rules (Direct Selling) 2021: Applicability of Rules: These rules will apply to: All goods and services brought or sold through direct selling All direct selling entities… Continue reading Govt issues draft norms to regulate direct selling cos

Source: Economic Times, The Hindu What is the news? Centre has imposed stock limits on all pulses except moong held by wholesalers, retailers, importers, and millers till October. The stock limit of 200 tonnes, for any one variety of pulses, has been imposed on wholesalers. An order in this regard has been issued by the… Continue reading Govt imposes stock limits on pulses till October

Source: Livemint What is the News? Securities and Exchange Board of India(SEBI) has put out a consultation paper seeking comments on its superior voting rights(SR) framework. What is the Superior Voting Rights(SR) Framework? The Securities and Exchange Board of India(SEBI) has introduced the Superior Voting Rights(SR) Framework in 2019. Aim of the framework: to allow… Continue reading SEBI to review superior voting rights framework

Source: PIB What is the News? Science and Engineering Research Board (SERB) in collaboration with Intel India has launched the Fund for Industrial Research Engagement(FIRE) Program. About Fund for Industrial Research Engagement(FIRE) Program: The FIRE program is a joint government and industry initiative with an aim to promote innovative technology solutions and strengthen academic research… Continue reading SERB launches Fund for Industrial Research Engagement (FIRE) Initiative

Source: Livemint What is the News? Securities and Exchange Board of India(SEBI) has come up with a framework for creating so-called accredited investors. What are Accredited Investors? Accredited Investors are those investors who may be considered to be well-informed or well-advised about investment products. Eligibility to become Accredited Investor: Anyone is eligible to become an… Continue reading Accredited investors: All you need to know about this new category