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Government Condemns False Reporting on Cairn Legal Dispute
The Government of India has strongly condemned the false reporting in certain media by some vested interests claiming that the Government of India has purportedly asked state-owned banks to withdraw f...
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INDIA’S FOREIGN TRADE: April 2021
Ministry of Commerce & Industry Posted On: 14 MAY 2021 5:57PM by PIB Delhi India’s overall exports (Merchandise and Services combined) in April 2021* are estimated to be USD 51.79 Billion, exhibiting...
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Covid Effects and Measures
A realistic consequence of COVID pendamic could be counted in terms of loss of jobs, stagnant or reduced employment opportunities, increase in poverty, regressive economic impact, deterioration in inc...
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2 New Schemes from SIDBI to Support healthcare MSMEs
1. The Small Industries Development Bank of India (SIDBI), has launched two loan products for MSMEs in the healthcare industry to help them with the required financial support in the fight against the...
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India’s Foreign Trade: March 2021
Ministry of Commerce & Industry INDIA’S FOREIGN TRADE: MARCH 2021 Posted On: 15 APR 2021 India’s overall exports (Merchandise and Services combined) in April-March 2020-21* are estimated to be USD 493...
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Number of issues in Corporate Bond Market increased by 10% in FY 2020-21
Ministry of Finance Fund raising for Public Issues and Rights Issues registered an increase of 115% and 15% respectively in FY 2020-21 Number of issues in Corporate Bond Market increased by 10% in FY...
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Cabinet approves PLI scheme for High Efficiency Solar PV Modules
Cabinet approves Production Linked Incentive scheme ‘National Programme on High Efficiency Solar PV Modules’ The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Ministry of New...
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Status of Production-Linked Incentive Schemes
Ministry of Commerce & Industry Status of Production-Linked Incentive Schemes; Minimum production in India as a result of PLI Schemes is expected to be over US$ 500 billion in 5 years; Nine PLI scheme...
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Credit Guarantee Scheme for Subordinate Debt extended
Credit Guarantee Scheme for Subordinate Debt (CGSSD) extended upto 30.09.2021 Government of India announced creation of ‘Distressed Assets Fund- – Subordinate Debt for Stressed MSMEs’ on 13th May, 202...
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Emergency Credit Line Guarantee Scheme 1.0 & 2.0 extended upto 30.6.2021
Ministry of Finance Emergency Credit Line Guarantee Scheme (ECLGS) 1.0 & 2.0 extended upto 30.6.2021 New window ECLGS 3.0 for enterprises in Hospitality, Travel & Tourism, Leisure & Sporting sectors P...
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Budget Session of Parliament adjourns sine die- 18 Bills Passed
Ministry of Parliamentary Affairs Budget Session of Parliament adjourns sine die; A total of 18 Bills passed by both the houses of parliament; The Session saw a productivity of approx. 114% in Lok Sab...
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Value of IPL Ecosystem Decreased by 3.6% in 2020
, Reveals IPL Brand Valuation Report from Duff & Phelps, A Kroll Business Key report findings include: ♣ The IPL ecosystem value has decreased by 3.6% to INR 45,800 crore in 2020 from INR 47,500 crore...
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IAMAI Urge Government against ban on Cryptocurrency & to build consensus
Government Should Establish a Robust Regulatory Mechanism for Cryptocurrency Ecosystem: IAMAI Urge the Government against ban and seek engagement to build consensus Mumbai/New Delhi, March 10, 2021: I...
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More than 81% account holders are Women under Stand Up India Scheme
Ministry of Finance MUDRA:68% of loan accounts belong to women entrepreneurs PMJDY:23.21 crore accounts out of 41.93 crore accounts belong to women Posted On: 08 MAR 2021 9:06AM by PIB Delhi Ministry...
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UK Court allows Extradition of Nirav Modi
CBI CENTRAL BUREAU OF INVESTIGATION U.K. COURT DELIVERS VERDICT UPHOLDING GOVT OF INDIA’S CONTENTION FOR EXTRADITION OF MR. NIRAV MODI Press Release Dated: 25.02.2021 The Westminster Magistrates’ Cour...
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LIC Bima Jyoti
Ministry of Finance LIC OF INDIA launches new plan- LIC’s BIMA JYOTI Goa – LIC is All India no.1 in Single Premium (SP) growth as on date Posted On: 22 FEB 2021 5:11PM by PIB Mumbai Goa, 22 February 2...
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Model Educational Loan Scheme for Pursuing Higher Education in India & Abroad 2021
Indian Banks’ Association MODEL EDUCATIONAL LOAN SCHEME FOR PURSUING HIGHER EDUCATION IN INDIA AND ABROAD 2021 (The scheme provides broad guidelines to the banks for operationalising the Educational l...
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India’s Foreign Trade for January 2021
Ministry of Commerce & Industry INDIA’S FOREIGN TRADE FOR JANUARY 2021 Posted On: 15 FEB 2021 5:54PM by PIB Delhi India’s overall exports (Merchandise and Services combined) in April-January2020-21* a...
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Steps to ameliorate COVID-19 impact on Indian economy
Ministry of Finance Steps taken by Government to ameliorate impact of COVID-19 pandemic on Indian economy Posted On: 08 FEB 2021 7:33 PM by PIB Delhi As per the Estimates of Gross Domestic Product (GD...
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Startup India Seed Fund Scheme
Ministry of Commerce & Industry Posted On: 05 FEB 2021 3:07PM by PIB Delhi Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22. It will be...