Economics: Point-Wise Current-Affairs/GS Articles 2019 (Including PIB)- Download PDF

  • Dec 10, 2019
  • 1 The Consumer Price Index (CPI) and Wholesale Price Index (WPI) [ Economy ]

    Retail inflation (CPI) has been increased to 4.62 % which is 16-month high and above the targeted rate of inflation. Increase in Consumer Price Index (CPI) is due to food inflation which has increased to 6.93%. This increase of inflation is higher since 2016. Recently there has b

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  • Oct 14, 2019
  • 1 Six New Measures to Boost Export [ Policy/Governance, Economy ]

    To replace the existing merchandise exports from India scheme (MEIS), the Union Finance Minister of India recently announced the remission of duties for export products (RoDTEP). The revenue would be Rs. 50,000 crore for implementation of RoDTEP.

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  • Sep 20, 2019
  • 1 Sabka Vishwas-Legacy Dispute Resolution Scheme 2019 [ Policy/Governance, Economy ]

    The Union Finance Minister of India announced Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019 on Aug 22,2019. This scheme will be operationalized from 1st September 2019 and shall continue till 31st December 2019. This scheme is expected to be availed by large number of tax

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  • 2 Proposal for Review of FDI Policy on Various Sectors Approved [ Economy, International Relations/Organizations ]

    The Union Cabinet of India has approved the proposal for Review of Foreign Direct Investment on various sectors. When an investor from a foreign country invests in a business for which the foreign investor has the direct control over the company purchased is known as Foreign Dire

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  • Sep 15, 2019
  • 1 Liquidity Infusion of Rs 10,000 Crore to Be Provided to HFCs [ Policy/Governance, Economy ]

    With an aim to boost lending and accelerate growth, the housing sector regulator (National Housing Bank) has opened a liquidity infusion facility of Rs. 10000 crore for Housing Finance Companies (HFCs). This is expected to improve liquidity in sector.

    This would also enable comp

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  • Aug 25, 2019
  • 1 Asset Reconstruction Companies Permitted to Buy Financial Assets from Peers [ Policy/Governance, Economy, Committees/Govt. Bodies ]

    The Asset Reconstruction Companies have been permitted by RBI to acquire financial assets from peers (other such entities). All such transactions should be settled in cash. ARC is a specialized financial institution that buys the NPAs or bad assets from banks and financial instit

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  • Aug 23, 2019
  • 1 Basic Savings Basic Deposit Accounts Scheme [ Policy/Governance, Economy, Committees/Govt. Bodies ]

    A BSBD account means an account that does not require customers to maintain a minimum or average monthly balance. These accounts are aimed towards enhancing financial inclusion among the economically weaker sections of the society.

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  • Aug 16, 2019
  • 1 Price for Sovereign Gold Bonds Fixed at Rs3443 Per Gram by the Centre [ Policy/Governance, Economy, Govt. Schemes/Projects ]

    The government of India has fixed the new series of Sovereign Gold Bonds at Rs3443 opening on July 8. SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold.

    Investors have to pay the issue price in cash and the bonds will be

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  • Aug 15, 2019
  • 1 Currency Monitoring List & Its Impact [ Economy, International Relations/Organizations ]

    The United States in May 2019 removed India and Switzerland from the currency monitoring lists. The Countries such as China, Japan and Germany are still in the list of US Currency Monitoring. The Currency Monitoring actually is a way of observing a strict vigil upon the currency

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  • 2 Microfinance Institutions Network (MFIN) Appointed Manoj Kumar Nambiar as Its New Chairman [ Economy, Appointments ]

    Manoj Kumar Nambiar Managing Director of Arohan Financial Services is elected as new chairman of Microfinance Institutions Network (MFIN) at the 6th annual general meeting of MFIN. He is also the Director on Boards of IntelleCash Microfinance Network Company.

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  • 3 SEBI Tightens Its Regulations to Safeguard Investors in Terms of Mutual Fund Investment [ Policy/Governance, Economy ]

    SEBI’s latest reforms is expected to have a massive impact on India’s trillion mutual fund industry which has to comply with the new sectorial caps from September 2020. The advisory committee formed by the SEBI made these significant reforms. Through this move of SEBI and other m

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  • Aug 13, 2019
  • 1 India’S Unemployment Rate Hit 45-Year High [ Economy ]

    The assessment by the National Sample Survey Office conducted between July 2017-June2018, showed the unemployment rate stood at 6.1 percent, the highest since 1972 - 73. The data released by Labour Ministry showed 7.8 % of all employable urban youth being jobless, while the perce

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  • 2 Lok Sabha Passed the Special Economic Zones Amendment Bill [ Policy/Governance, Economy ]

    The Special Economic Zones amendment bill passed on 26th June 2019 will allow trusts to set up units in Special economic zones. This amendment bill of 2019 will replace the Special Economic Zones (Amendment) Ordinance.

    This bill was became the first legislation to be passed in t

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  • Aug 12, 2019
  • 1 RBI Financial Stability Report 2019 [ Policy/Governance, Economy ]

    The Reserve Bank of India released the 19th issue of the Financial Stability Report (FSR) . The FSR reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability, as resilience of the financial sy

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  • Aug 7, 2019
  • 1 Creation of a ’Specialized Supervisory and Regulatory Cadre [ Economy, Committees/Govt. Bodies ]

    The Reserve Bank of India’s (RBI’s) Central Board has decided to create a ‘Specialized Supervisory and Regulatory Cadre’ within the RBI. Decision to create a Specialized Supervisory and Regulatory Cadre within the RBI was taken at the recent two-day meeting of Reserve Bank of Ind

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  • Aug 6, 2019
  • 1 Pension Coverage to Crores of Farmers [ Policy/Governance, Economy, Govt. Schemes/Projects ]

    Cabinet has approved a new Central Sector Scheme to empower farmers across India. The Central Government would spend Rs. 10774.50 crore for a period of 3 years towards its contribution (matching share) for providing social security cover as envisaged under the scheme.

    Approx. 5

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  • Jul 31, 2019
  • 1 GST- Goods and Services Tax [ Policy/Governance, Economy ]

    The Goods and Services Tax is an indirect tax which is a comprehensive multistage, destination based tax imposed in India on the supply of Goods and Services. “One nation, One indirect tax” is the dictum of GST which is expected to make India one unified common market.

    The idea

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  • 2 Initiatives by Commerce Ministry to Boost Trade with African Countries [ Economy, International Relations/Organizations ]

    In order to strengthen the trade and economic partnership between India and Africa, a two days Digital Video Conference (DVC) interaction was organized. This interaction was organized on 3rd and 6th May 2019.

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  • Jul 20, 2019
  • 1 Panama Papers (Important) [ Economy, International Relations/Organizations ]

    The Panama Papers are the leaked documents of 11.5m files from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca revealing the financial confidential details of the Politicians and Public figures. Panama is a country in Central America situated between

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  • Jul 19, 2019
  • 1 Angel Tax [ Policy/Governance, Economy ]

    Angel Tax is a 30 % tax that is levied on the funding received by startups from an external investor. This 30 % tax is levied when startups receive angel funding at a valuation higher than its ‘fair market value’. It is counted as income to the company and is taxed. This tax was

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  • 2 Enforcement Directorate & the Income Tax Department [ Economy, Committees/Govt. Bodies ]

    The Enforcement Directorate is a part of the Department of Revenue, Ministry of Finance, and Government of India whose primary task is to enforce economic laws and counted the economic crime in India. It is a law enforcement agency and economic intelligence agency of officers fro

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  • Jul 16, 2019
  • 1 Helicopter Money [ Economy ]

    It is defined as an unconventional monetary policy where the central banks make payments directly to the individuals. Term ‘helicopter money’ refer to a wide range of different policy ideas, including the ‘permanent’ monetization of budget deficits.

    Phrase “helicopter money” was

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  • 2 Purchasing Managers Index (PMI) [ Economy, International Relations/Organizations ]

    The Purchasing Managers Index is defined as an index in the manufacturing and service sector interims of the prevailing direction of economic trends. This index gives an indication whether the market conditions are expanding, staying the same or contracting consisting of a diffus

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  • May 31, 2019
  • 1 📹 Expected Questions in Economy 2019 IAS/NET(Part-1)(Set-2) [ Economy ]

    Please find below the most important expected topics for the upcoming UPSC Prelims exam 2019. Subscribe@Examrace YouTube Channel to get the complete series of expected questions. For practice and solutions visit - doorsteptutor. com. You can download the pdf by clicking the optio

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  • 2 📹 Expected Questions in Economy 2019 IAS/NET(Part-1)(Set-3) [ Economy ]

    Please find below the most important expected topics for the upcoming UPSC Prelims exam 2019. Subscribe@Examrace YouTube Channel to get the complete series of expected questions. For practice and solutions visit - doorsteptutor. com. You can download the pdf by clicking the optio

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  • May 29, 2019
  • 1 Expected Questions in Economy 2019 IAS/NET(Part-1)(Set-1) [ Economy ]

    Sunil Mehta Committee: More than 50 banks & financial institutions in India have entered into inter-creditor agreement to speed up resolution of stressed assets of Rs. 50 cr. & above that are under consortium lending. Aimed at resolution of loan accounts w/size of ₹50 cr. & above

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  • May 28, 2019
  • 1 14th CII-EXIM Bank Conclave on India-Africa Project Partnerships [ Economy, International Relations/Organizations ]

    14th CII-EXIM Bank Conclave on India-Africa Project Partnerships was organised by Ministry of Commerce in association w/Confederation of Indian Industry & EXIM Bank of India to deepening India-Africa economic & business ties in New Delhi.

    Theme of the Conclave:

    “India & Africa:

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  • May 7, 2019
  • 1 🌟 National Institutes of Food Technology, Entrepreneurship and Management Bill 2019 in the Parliament [ Economy, Health, Bills ]

    Union Cabinet approved National Institutes of Food Technology, Entrepreneurship and Management Bill, 2019. The objective of the bill is to confer the status of Institutions of National Importance to National Institute of Food Technology, Entrepreneurship and Management (NIFTEM)

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  • Apr 25, 2019
  • 1 🌟 China’S Economy Cools in Q4, 2018 Growth Hits 28-Year Low, What is GDP? [ Economy ]

    China’s economic growth cooled slightly in the fourth quarter from a year earlier as expected, weighed down by weak investment and faltering consumer confidence as Washington piled on trade pressure, leaving 2018 growth the weakest in 28 years

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  • Apr 18, 2019
  • 1 🌟 What is Guaranteed Minimum Income? History of Guaranteed Minimum Income [ Economy, Govt. Schemes/Projects ]

    Nationwide minimum income for the poor has been a populist gambit to woo voters similar to a promise for farm loan waiver. It has been tried by various government. Like MGNREGA committed right to work, like RTI committed right to information, like Food Security Bill guarantees th

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  • Apr 4, 2019
  • 1 🌟 Cabinet Approves Unified Authority for Regulating Financial Services in IFSCs [ Economy, Bills ]

    Union Cabinet approved establishment of a unified authority for regulating all financial services in International Financial Services Centers (IFSCs) in India through International Financial Services Centers Authority Bill, 2019.

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  • 2 Online Lending Portal for MSMEs [ Economy, Govt. Schemes/Projects ]

    An online lending portal www.psbloansin59minutes.com with majority ownership of 6 Public Sector Banks (PSBs) / Financial Institutions (FIs) along with their associated companies, has been launched which facilitates in principle approval for loans to Micro Small and Medium Enterp

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  • 3 Cabinet Approves Official Amendments to the Banning of Unregulated Deposit Schemes Bill, 2018 [ Economy, Bills ]

    The Union Cabinet, approved Banning of Unregulated Deposit Schemes Bill, 2018, pursuant to the recommendations of the Standing Committee on Finance (SCF). The official amendments will further strengthen the Bill in its objective to effectively tackle the menace of illicit deposi

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  • Apr 1, 2019
  • 1 🌟 Export Promotion Capital Goods Scheme [ Economy, Govt. Schemes/Projects ]

    To facilitate import of capital goods for producing quality goods and services and enhance India’s manufacturing competitiveness, Export Promotion Capital Goods Scheme under the Foreign Trade Policy is for manufacturer exporters with or without supporting manufacturer (s), merch

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  • Mar 31, 2019
  • 1 🌟 Budget Summary with Major Highlights of the Interim Budget 2019-20 [ Economy, Govt. Schemes/Projects ]

    Interim Budget 2019 - 20 besides having a major Scheme for the farmers, it provides tax sops and sets the Developmental Agenda for the years to come. A New Deal for 12 Crore Small and Marginal farmers with direct income support.

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  • 2 Interim Budget: Income Upto Rs 5 Lakh to Get Full Tax Rebate; Higher Standard Deduction Proposed [ Economy ]

    Individual taxpayers having taxable annual income up to Rs. 5 lakhs will get full tax rebate and therefore will not be required to pay any income tax. While presenting the Interim Budget 2019 - 20 in Parliament today the Union Minister for Finance, Corporate Affairs, Railways &

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  • 3 🌟 Recommendations of the Inter-Ministerial Committee Regarding Exploration in Petroleum and Gas [ Economy, Govt. Schemes/Projects, Committees/Govt. Bodies ]

    The Government is implementing the recommendations of the high level Inter-Ministerial Committee that has made several specific recommendations regarding the exploration in the Petroleum and Gas sector.

    • India’s import depe

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  • Mar 21, 2019
  • 1 Year End Review 2018-19: Ministry of Mines [ Economy, Govt. Schemes/Projects ]

    Ministry of Mines is responsible for survey and exploration of all minerals, other than natural gases, petroleum and atomic minerals, for mining and metallurgy of non-ferrous metals like aluminium, copper, zinc, lead, gold, nickel, etc. and for administration of the Mines and Mi

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  • 2 National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) [ Policy/Governance, Economy, Committees/Govt. Bodies ]

    The Union Cabinet approved the creation of National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT). The National Bench of the Appellate Tribunal shall be situated at New Delhi.

    • The National

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  • Mar 18, 2019
  • 1 Year End Review 2018: Ministry of Chemicals & Fertilizers [ Economy, Health, Agriculture/Agro Industries, Govt. Schemes/Projects ]

    The Ministry of Chemicals and Fertilizers in India is the administrative unit of three departments namely: Department of Chemicals and Petrochemicals, Department of Fertilizers, and Department of Pharmaceuticals

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  • Mar 11, 2019
  • 1 Efficient Transportation of Coal: Rapid Loading System and Other Projects [ Science/Technology, Economy, Govt. Schemes/Projects ]

    In order to ensure faster evacuation of coal, Rapid Loading System (RLS) is being introduced in coal companies (like CIL, SCCL) at different loading points, where coal loading is more than 1 million tonne (MT) from any mine to minimize the loading time and enhance dispatch with

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  • Mar 7, 2019
  • 1 🌟 Amendment to the Trade Unions Act, 1926 to Make Provisions Regarding [ Economy, Bills ]

    The Union Cabinet approved amendment to the Trade Union Act, 1926, paving way for the central government to recognize trade unions. An Act to provide for the registration of Trade Unions and in certain respects to define the law relating to registered Trade Unions

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  • Feb 27, 2019
  • 1 Cabinet Allows Inclusion of Merchant Exporters Under Interest Equalisation Scheme [ Economy ]

    The Cabinet Committee on Economic Affairs, approved the proposal of the Department of Commerce for including merchant exporters under the Interest Equalisation Scheme (IES) for Pre and Post Shipment Rupee Export Credit by allowing them interest equalisation rate of 3 % on such cr

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  • Feb 26, 2019
  • 1 🌟 Appointment of Shri Shaktikanta Das as Governor, RBI [ Economy ]

    India’s former economic affairs secretary & current member of 15th Finance Commission Shaktikanta Das is to be appointed as next RBI Governor. He will be 25th Governor of apex bank of country.

    About Shaktikanta Das

    • Shaktikant

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  • Feb 22, 2019
  • 1 Farm Crisis: Centre Doubles Export Incentive for Onion Farmers [ Economy, Agriculture/Agro Industries ]

    In order to boost exports of onions from the country, the central government announced it has doubled the export incentive granted to the bulb under the Merchandise Exports from India Scheme (MEIS) from 5 % to10 %.

    The m

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  • Feb 21, 2019
  • 1 Nearly 5 Lakhs Foreign Tourist Arrivals for Medical Tourism in 2017 in India [ Economy, International Relations/Organizations ]

    The estimated Foreign Tourist Arrivals (FTAs) in the country on Medical purpose during the years, Foreign Exchange Earning (FEE) through Medical Tourism in India is Not Available, Separately.

    Table Of Foreign Tourist for medical Purpose

    Table Of Foreign Tourist for medical Purpose

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  • Feb 16, 2019
  • 1 🌟 DBTL Under Implementation in 715 Districts [ Economy, Govt. Schemes/Projects ]

    Direct Benefit Transfer of LPG Scheme (DBTL) /PAHAL was launched in 54 districts of the country on 15.11. 2014 and was subsequently extended to rest of the country on 01st January, 2015.

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  • Feb 11, 2019
  • 1 Difference Between NIMZs and SEZs: Establishment of National Investment & Manufacturing Zones [ Economy, Govt. Schemes/Projects ]

    National Investment & Manufacturing Zones (NIMZs) are one of the important instruments of National Manufacturing Policy, 2011. NIMZs are envisaged as large areas of developed land with the requisite eco-system for promoting excellent manufacturing activity.

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  • Feb 6, 2019
  • 1 Recommendations Made During 31stMeeting of the GST Council Held Regarding [ Policy/Governance, Economy ]

    The GST Council in its 31st Meeting on 22nd Dec. 2018 held at New Delhi has recommended to rationalize the 28 % tax rate slab by reducing rates for various items. Further, GST Council has clarified various issues relating to GST Returns, Refunds, HSN Codes, ITC, etc. and has ext

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  • Feb 5, 2019
  • 1 🌟 Policy Framework Notified to Permit Exploration and Exploitation of Unconventional Hydrocarbons [ Policy/Governance, Economy, Environment/Ecology ]

    Union cabinet chaired by Prime Minister approved a policy framework for exploration and exploitation of unconventional hydrocarbons, a change that would allow private companies to exploit unconventional hydrocarbons including shale gas and Coal Bed Methane (CBM) from their existi

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  • 2 Merger of Dena, Vijaya Bank with Bank of Baroda Approved [ Economy, Committees/Govt. Bodies ]

    Govt. on 1st JAN 2019, approved the merger of Vijaya Bank, Dena Bank with Bank of Baroda. The merger will allow the combined entity under BoB more lending power. BoB will now have a global competitive identity.

    Details

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  • Feb 4, 2019
  • 1 Government Moves Enhance Bank Recapitalisation Outlay Rs. 1, 06, 000 Crore Current Financial Year [ Policy/Governance, Economy, Govt. Schemes/Projects ]

    The government will infuse an additional Rs. 41,000 crore into cash-starved public sector banks (PSBs). The outlay will go up from Rs. 65,000 crore to Rs. 1,06,000 crore in the current financial year to propel economic growth, cementing India’s position as the fastest growing ec

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  • Jan 28, 2019
  • 1 🌟 Maharatna, Navratna & Miniratna Status of CPSEs: NPCC is Now a Miniratna [ Economy, Govt. Schemes/Projects ]

    Union Government has conferred status of Miniratna: Category–I to National Projects Construction Corporation Limited (NPCC). Empowerment of miniratna status to NPCC will help company to take speedy decisions by enhancing delegation of powers to Board.

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  • 2 ESIC to Allow Non - IPs to Avail Medical Services from Its Underutilized Hospitals [ Policy/Governance, Economy, Women/Minority Empowerment ]

    Employees’ State Insurance Corporation during its 176th meeting held on 5th Dec. , 2018 took few very imp. decisions towards improvements in its service delivery mechanism. During meeting held under Chairmanship of Minister of State for Labour & Employment (I/C), it was decided t

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  • Jan 24, 2019
  • 1 Government Launches ‘PAiSA’ Portal Under National Urban Livelihoods Mission [ Economy, Govt. Schemes/Projects, Computers & ICT ]

    Union Ministry of Housing & Urban Affairs launched ‘PAiSA’ – Portal for Affordable Credit & Interest Subvention Access during National Workshop on Municipal Finance & Urban Planning held in New Delhi.

    PAISA Portal

    • It is centralised

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  • 2 Commerce Minister Launches Logo and Brochure of Logix India [ Policy/Governance, Economy ]

    Logix India 2019 aims to serve as major initiative to improve logistics cost effectiveness & operational efficiencies for India’s global trade. Union Minister of Commerce & Industry & Civil Aviation launched logo & brochure of Logix India 2019 in New Delhi.

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