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Government e-Marketplace (GeM)

In Context  Government e-Marketplace (GeM) was announced as the winner in the “Best Use of Digital Technology” category at the CIPS Excellence in Procurement Awards 2021 (CIPS Awards).  CIPS Awards  They are one of the leading recognitions around procurement globally, which is conducted under the aegis of The Chartered Institute of Procurement & Supply (CIPS), […]

45th GST Council Meeting

In News Recently, the GST Council’s 45th meeting was held in Lucknow under the chairmanship of the Union Finance Minister. Key Decisions Drugs:  Life-saving drugs Zolgensma and Viltepso used in treatment of Spinal-Muscular Atrophy are exempted from GST when imported for personal use. Extension of existing concessional GST rates on certain COVID-19 treatment drugs upto […]

Telecom Sector Reforms

In News Recently, the Union Cabinet approved a relief package for the telecom sector. This  includes a four-year moratorium on payment of statutory dues by telecom companies as well as allowing 100% foreign investment through the automatic route. Key Points Four-year moratorium on payment of statutory dues by telecom companies, both AGR and spectrum charges. […]

Rice Fortification

In News Recently, a webinar is being held on “Rice Fortification: A complementary approach to address Nutritional Anaemia”. About It was organised to mark the ongoing 4th Rashtriya Poshan Mah. Organised by: Department of Food and Public Distribution under Ministry of Consumer Affairs, Food and Public Distribution and Ministry of Women and Child Development with […]

Account Aggregators (AA) Network

In News Recently, eight of India’s major banks joined the Account Aggregator (AA) network. About The eight major banks are: State Bank of India, ICICI Bank, Axis Bank, IDFC First Bank, Kotak Mahindra Bank, HDFC Bank, IndusInd Bank and Federal Bank. The framework, which has been under discussion since 2016 and in the testing phase […]

National Mission on Edible Oils – Oil Palm

In News  Recently, the Union Cabinet has given its approval to launch a new Mission on Oil palm to be known as the National Mission on Edible Oils – Oil Palm (NMEO-OP). Objectives and need  Oil Palm is comparatively a new crop in India and is the highest vegetable oil yielding perennial crop. With quality […]

Student Entrepreneurship Program 3.0

In News Atal Innovation Mission has launched Student Entrepreneurship Program 3.0 in Collaboration With Dassault Systemes. About the Program The program wants to give the Atal Tinkering Lab Students a real feel of ‘How a startup works. In total 50 teams (10 from Aspirational Districts and 10 from Jammu, Kashmir, Ladakh and North east regions) […]

Fortification of Rice

In News  Recently the Prime Minister of India announced fortification of rice distributed under various government schemes including the Public Distribution System (PDS) and Mid-Day-Meal scheme by 2024. Rationale Behind the move Malnutrition is a big hurdle in the development of women and children. In view of this, it has been decided to fortify the […]

Amendments to the Limited Liability Partnership Act, 2008

In News Recently, the Cabinet has cleared amendments to the Limited Liability Partnership (LLP) Act of 2008, to whittle down several provisions. Proposed Amendments Decriminalising Offences: Of the 24 penal provisions in the Act, one would be omitted and a total of 12 cognisable offences were being decriminalised under the Limited Liability Act, 2008 which […]

Insolvency and Bankruptcy Code (Amendment) Bill, 2021 Passed

In News Recently, the Insolvency and Bankruptcy Code (IBC) (Amendment) Bill, 2021 has been passed by the Lok Sabha. Insolvency and Bankruptcy Code (Amendment) Bill, 2021 It proposed the Pre-packaged Insolvency Resolution Process (PIRP), also called ‘pre-packs’ as an insolvency resolution mechanism for Micro, Small and Medium Enterprises (MSMEs). It will replace the Insolvency and […]