In News According to a recent survey, the Purchasing Managers’ Index (PMI) results for April 2021 showed a slowdown in rates of growth for new orders and output, both of which eased to eight-month lows amid the intensification of the Covid-19 crisis. Major Highlights The seasonally adjusted India Manufacturing PMI was at 55.5 in April, […]
In News Recently, the Reserve Bank of India (RBI) has joined the Network for Greening the Financial System (NGFS). Highlights of the Move RBI will share best practices and contribute to the development of environment and climate risk management in the financial sector to mobilise mainstream finance to support the transition towards a sustainable economy. […]
In News Recently, Asian Development Bank has released its flagship Asian Development Outlook (ADO) 2021. About Asian Development Outlook (ADO) is a series of annual economic reports on the Developing Member Countries (DMCs) of the Asian Development Bank (ADB). An uncertain pandemic trajectory with a prolonged second wave of Coronavirus pandemic despite the vaccination push […]
In News Recently, the Reserve Bank of India (RBI) has decided to continue with the existing interim Ways and Means Advances (WMA) Scheme limit of Rs. 51,560 crore up to 30th September 2021, given the prevalence of Covid-19. Key Highlights The decision has been taken after recommendations of the Advisory Committee on WMA to State […]
In News Recently, the Department of Land Resources (Ministry of Rural Development) has provided information to the Standing Committee on Rural Development on the Unique Land Parcel Identification Number (ULPIN) scheme. About the Scheme It has been launched in ten States in 2021 and will be rolled out across the country by March 2022. It […]
In News Recently, Lok Sabha passed the National Bank for Financing Infrastructure and Development Bill, 2021. Objective The bill seeks to support the development of long-term non-recourse infrastructure financing in India including the development of the bonds and derivatives markets necessary for infrastructure financing and to carry on the business of financing infrastructure. Key Highlights […]
In News Recently, entrepreneurs and companies from Tamil Nadu have highlighted their concerns regarding the Micro, Small and Medium Enterprises (MSME) sector. About MSME Sector The Government of India enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under […]
In News Recently, the Cabinet has approved a detailed proposal for setting up a new Development Finance Institution (DFI) in India under the name of the National Bank for Financing Infrastructure and Development (NaBFID). About Development Finance Institution (DFI) These are organizations that are either owned by the government or by charitable institutions to finance […]
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