The Agriculture Ministry asked banks to promote Rs 1 lakh crore Agriculture Infrastructure Fund (AIF) for creation of necessary infrastructure in the farm sector.
The AIF is a financing facility launched on July 8, 2020 for creation of post-harvest management infrastructure and community farm assets.
Ritesh Chauhan (IAS) has been appointed as Managing Director (MD) of the National Agricultural Cooperative Marketing Federation of India Limited (NAFED).
NAFED an apex organisation of marketing cooperatives for agricultural produce in India, National Agricultural Cooperative Marketing Federation of India Ltd.
State-owned Bank of India opened its branch in the GIFT City Special Economic Zone in Gandhinagar and expects to achieve a $1-billion business through it by March 2024.
Bank of India also aims to touch a business of $4 billion with equal distributions of advances and deposits in the subsequent three years by March 2027 through its IFSC banking unit at GIFT City.
Team India achieved a monumental feat at the 34th International Biology Olympiad held in Al Ain, UAE, from July 2 to July 11, 2023.
For the first time in the history of the competition, all four students representing Team India clinched gold medals, showcasing their exceptional talent and knowledge in the field of biology.
The Union Cabinet on Wednesday cleared the Jan Vishwas (Amendment of Provisions) Bill, 2022 that proposes to decriminalise various offences in 42 laws, including minor ones that invite jail term.
The Jan Vishwas (Amendment of Provisions) Bill, 2022 was introduced in the Lok Sabha on December 22, 2022 and its aim is to reduce the compliance burden on individuals and business
India's Praveen Kumar won a bronze in the men's high jump T64 event in the World Para Athletics Championships here to book a 2024 Paris Paralympics quota.
The 20-year-old Kumar produced a season's best effort of 2.01m to finish third behind Lepiato Maciej (2.05m) of Poland and Broom-Edwards Jonathan (2.05m) of Great Britain.
Kumar's medal is the first for India in the championships.
A delegation from the UAE is participating with observer status in the plenary of the Asia/Pacific Group on Money Laundering (APG), a Financial Action Task Force-Style regional body (FSRB), taking place this week in Vancouver, Canada.
The UAE is the first Arab country to be granted observer status at the APG.
The finance ministry on Wednesday released Rs 7,532 crore to 22 state governments under the State Disaster Response Fund (SDRF) amid rain causing havoc in the northern parts of the country. The State Disaster Response Fund (SDRF) has been constituted in each state under Section 48 (1) (a) of the Disaster Management Act, 2005.
HDFC Bank launched UPI QR code interoperable with the Central Bank Digital Currency (CBDC).
The interoperable UPI QR code will allow HDFC Bank merchants, who have been onboarded on the bank’s CBDC platform, to accept payments from their customers in the form of Digital Rupee currency, India’s largest private sector bank.
CBDC, is a tokenised digital version of the Indian Rupee issued by the RBI
The Numaligarh Refinery Limited (NRL) in Assam has been upgraded from ‘Schedule B’ to ‘Schedule A’ category Central Public Sector Enterprises by the Centre.
The upgradation to Schedule A will now make NRL eligible to achieve the status of Navratna which in turn will give higher financial autonomy.
The upgradation to ‘Schedule A’ was notified by the Ministry of Petroleum and Natural Gas
India is going to hold an ASEAN countries conference on traditional medicines on July 20, 2023.
Ten ASEAN countries including Cambodia, Vietnam will be participating in the conference.
The Ministry of Ayush with support from the Ministry of External Affairs, Indian Mission to ASEAN and the ASEAN Secretariat is gearing up to host the conference.
The Union Cabinet Wednesday approved amendments to the Mines and Minerals (Development and Regulation) Act, 1957, that will pave the way for commercial mining of six critical minerals — lithium, beryllium, niobium, tantalum, titanium and zirconium — and deep-seated minerals like gold, silver and copper.
In order to support new businesses, the GST Council exempted satellite launch services provided by ISRO, Antrix Corporation Limited, and New Space India Limited (NSIL) from GST. This may also be extended to similar services provided by private sector firms. This decision will enable companies to provide competitive prices to launch satellites.
Global public debt surged to a record $92 trillion in 2022 as governments borrowed to counter crises, such as the COVID-19 pandemic, with the burden being felt acutely by developing countries, according to a United Nations report ' A World of Debt'. The United Nations secretary-general warned that nearly 40% of the developing world is in serious debt.