On 8th April 2022, Pradhan Mantri Mudra Yojana (PMMY) has completed its seven years. The scheme was launched in 2015 by PM Modi for providing financial support of up to 10 Lakh rupees to non-corporate, non-farm small, or micro-enterprises. More than 34 crores 42 lakh loans for an amount of 18.60 lakh crore rupees have been sanctioned since the launch of the […]
Pradhan Mantri Mudra Yojana completes seven years Read More »
Exports of Indian agricultural products have crossed a mark of $50 billion for 2021-22 with an increase of 20 per cent. The export of wheat is almost quadrupled from $568 million in 2020-21 to $2.12 billion in 2021-22. The growth in exports has been mostly achieved on account of an increase in shipments of rice, marine products, sugar, buffalo meat, raw cotton
India’s agriculture exports cross $50 billion in 2021-22 Read More »
The CRPF celebrates CRPF Valour Day on 9th April to commemorate the defense of the Sardar post in the Rann of Kutch of Gujrat. On the intervening night of 8th and 9th April 1965, around 3500 men of the 51st Infantry of the Pakistani Army moved towards India at Sardar Post. 2022 marks 57th CRPF Valour Day. It was on
The Ministry of Information and Broadcasting on Friday announced that in pursuance of the announcement made in the Union Budget 2022-23, an Animation, Visual Effects, Gaming and Comics (AVGC) promotion task force has been constituted to promote the AVGC sector in the country under the aegis of Ministry of Information and Broadcasting. The AVGC promotion
The Airport Authority of India (AAI) has launched an initiative “AVSAR” to encourage the talent of women, artisans and craftsmen and provide them with the right opportunities. AVSAR stands for ‘Airport as Venue for Skilled Artisans Of The Region’. Under AVSAR initiative, AAI will allocate space to Self Help Groups (SHGs) at its airports for
The Union Cabinet on Friday approved continuation of the Atal Innovation Mission (AIM) till March 2023, according to an official statement. A total budget expenditure of more than Rs 2000 crore has been allocated for 2022-23. The objectives of the AIM are to create and promote an ecosystem of innovation and entrepreneurship across the country via interventions
Cabinet approves extension of Atal Innovation Mission (AIM) till March 2023 Read More »
Reserve Bank of India on Friday said it has imposed a penalty of Rs 93 lakh on Axis Bank for various violations, including those related to KYC guidelines. The central bank has also slapped a fine of Rs 93 lakh on IDBI Bank. A monetary penalty of Rs 93 lakh has been imposed on Axis Bank for violating certain provisions on
RBI imposes penalties of Rs 93 lakh each on Axis and IDBI Bank Read More »
The Reserve Bank of India conducted its first Monetary Policy Committee (MPC) meeting for 2022-23 between April 6- 8, 2022. On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today (April 8, 2022) decided to: keep the policy repo rate under the liquidity adjustment facility
RBI keeps Repo Rate unchanged at 4.0 percent; GDP growth for 2022-23- 7.2 percent Read More »
Defence Research and Development Organisation (DRDO) successfully flight tested Solid Fuel Ducted Ramjet (SFDR) booster at the Integrated Test Range (ITR), Chandipur off the coast of Odisha on April 08, 2022. The test successfully demonstrated the reliable functioning of all critical components involved in the complex missile system and met all the mission objectives. The
The Securities and Exchange Board of India (Sebi) has set up two separate expert groups to examine the roles, eligibility criteria and functions of sponsors and trustees at asset management companies (AMCs) A sponsor is like a promoter who brings in the capital for setting up an AMC, while a trustee plays a supervisory role and is
SEBI Sets up two separate panels to review ownership norms of Sponsor and Trustees Read More »
