What is the News? The Finance Minister has announced the launch of a portal to collect data on gig, building, and construction workers. About the Portal: The portal aims to collect relevant information on gig and platform workers along with building, construction and other such workers. The information collected will help in formulating health, housing,… Continue reading Government launches “Portal to collect data on gig workers”
Tag: ECO_7
Indian cricket team’s success can be a model for country’s manufacturing sector
Source: Indian express Gs3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Synopsis: The good practices behind the success of Cricketing standards can be used in the Indian manufacturing sector. It will make Manufacturing in India more competitive Background India achieved a remarkable victory in Australia recently. It is… Continue reading Indian cricket team’s success can be a model for country’s manufacturing sector
4th edition of “Future Investment Initiative” Forum
Why in News? The Union Minister for Health and Family Welfare has addressed the 4th edition of the Future Investment Initiative(FII) Forum. Facts: Future Investment Initiative(FII): It is an annual investment forum held in Riyadh, Saudi Arabia. The Forum discusses trends in the world economy and investment environment. Hosted by: Public Investment Fund of Saudi… Continue reading 4th edition of “Future Investment Initiative” Forum
Decriminalisation of offences under LLP Act
Why in News? The Company Law Committee has recommended decriminalizing 12 offences under the Limited Liability Partnership(LLP) Act. It has also said that LLPs should be allowed to issue non-convertible debentures(NCDs) to raise funds. It will help them in improving the ease of doing business for LLP firms. Facts: Limited Liability Partnership(LLP): It is an… Continue reading Decriminalisation of offences under LLP Act
SC ruling on Section 32A of IBC
Section 32A was introduced in the IBC by the amendment act of March, 2020. By this section, government provided protection to successful bidders during corporate insolvency resolution process (CIRP). These bidders offer reasonable and fair value for the corporate debtor. Why this Provision was introduced? Since the implementation of IBC in 2016, insolvency resolution plan… Continue reading SC ruling on Section 32A of IBC
National Startup Advisory Council
Why in News? The Government of India has nominated 28 non-official members on the National Startup Advisory Council. About National Startup Advisory Council: National Startup Advisory Council: It was constituted by the Department for Promotion of Industry and Internal Trade (DPIIT) in January, 2020. Objective: This is to advise the Government on measures needed to build a strong startup ecosystem. The… Continue reading National Startup Advisory Council
Startup India Seed Fund
Why in News? Rs 1,000-crore ‘Startup India Seed Fund’ was launched during the ‘Prarambh: Startup India International Summit’. Salient features of Startup India Seed Fund Scheme: Objective: Fund has been set up to provide initial capital to the startups. After that start-ups will be provided with the Govt. Guarantees, to help them raise debt capital. Coverage: The fund would offer financial assistance to startups for… Continue reading Startup India Seed Fund
Union Minister inaugurates the ‘Prarambh: Startup India International Summit’
News: Union Minister of Commerce has inaugurated the ‘Prarambh: Startup India International Summit’. Facts: Prarambh: Startup India International Summit: The summit has been organized by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry. The summit is organized as a follow-up to the announcement made by the Indian Prime Minister at the… Continue reading Union Minister inaugurates the ‘Prarambh: Startup India International Summit’
1,600 new tech start-ups and 12 unicorns in 2020: Nasscom’s Indian Tech Start-up Ecosystem report
News: National Association of Software and Services Companies (Nasscom) has released the annual start-up report ‘Indian Tech Start-up Ecosystem – On the March to Trillion Dollar Digital Economy’. Facts: Key Takeaways from the Report: Source: NASSCOM Report India has added 1,600 new tech start-ups and a record 12 unicorns in 2020 (the highest ever added in… Continue reading 1,600 new tech start-ups and 12 unicorns in 2020: Nasscom’s Indian Tech Start-up Ecosystem report
Government approves new scheme for Industrial Development of Jammu & Kashmir
News: Cabinet Committee on Economic Affairs has approved the Central Sector Scheme for Industrial Development of Jammu & Kashmir. Facts: Aim: To develop development of Manufacturing as well as Service Sector Units in J&K which will generate employment and leads to the socio economic development of the area. Incentives: The following incentives would be available… Continue reading Government approves new scheme for Industrial Development of Jammu & Kashmir
