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RBI Extends WMA Scheme

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 […]

Rebooting Opium Strategy

In News Recently, the Central government has decided to rope in the private sector to commence production of concentrated poppy straw from India’s opium crop. Background Two cultivation trials were conducted by two private firms in the crop years of 2017-18 and 2018-19. One of the firms purchased poppy straw of locally cultivated crops to […]

Unique Land Parcel Identification Number Scheme

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 […]

Development Finance Institutions

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 […]