UPSC

India’s Export Promotion Schemes: UPSC Daily Important Topic | 9 February 2023

India’s Export Promotion Schemes ✅Merchandise Exports from India Scheme: MEIS was introduced in the  Foreigners Trade Policy 2015-20, under MEIS, the government provides duty benefits depending on product and country. Rewards under the scheme are payable as percentage of realised free-on-board(of 2%, 3% and 5%) and MEIS duty credit scrip can be transferred or used

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Telangana announced India's first new mobility focussed cluster

Telangana announced India’s first new mobility focussed cluster

Telangana announced India’s first new mobility focussed cluster: The Telangana government launched India’s first mobility-focused cluster, Telangana Mobility Valley (TMV) during the first edition of Mobility Next Hyderabad Summit 2023, Telangana. Aim: To attract investments of around Rs 50,000 crore and generate more than 4 lakh jobs in the next five years in the state. February 2023 Current

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RBI expands scope of TReDS platform to allow insurance facility, secondary market ops & to improve cashflow of MSMEs

RBI expands scope of TReDS platform to allow insurance facility, secondary market ops & to improve cashflow of MSMEs

RBI expands scope of TReDS platform to allow insurance facility, secondary market ops & to improve cashflow of MSMEs: RBI expands scope of TReDS platform to allow insurance facility, secondary market ops & to improve cashflow of MSMEs. The guidelines on Trade Receivables Discounting System (TReDS) were issued in December 2014 with the objective of

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PhonePe becomes first Indian fintech to allow UPI payments abroad

PhonePe becomes first Indian fintech to allow UPI payments abroad

PhonePe becomes first Indian fintech to allow UPI payments abroad: PhonePe has launched a service that will allow the fintech firm’s Indian users traveling abroad to pay foreign merchants using Unified Payments Interface (UPI). UPI international’ support merchant outlets in UAE, Singapore, Mauritius, Nepal, and Bhutan that have a local QR (quick response) code. Users will be able

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Airtel Payments Bank launched BizKhata for Small Businesses & Merchant

Airtel Payments Bank launched BizKhata for Small Businesses & Merchant

Airtel Payments Bank launched BizKhata for Small Businesses & Merchant: Airtel Payments Bank today announced the launch of its current account – BizKhata, which comes with unlimited transactions* and instant activation for small merchants and business partners across the country. February 2023 Current Affairs Quiz A large number of small business owners continue to use

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