Dollar-Rupee Swap shall now be resorted to infuse durable liquidity into the economy to ease persistent tight liquidity in the banking and financial system instead of Open Market Operations, which suggests that Reserve Bank of India wants to use and develop alternate instruments to manage liquidity. RBI announced that this three-year currency swap scheme shall open on Tuesday 26 March 2019, unde...
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Category: Economy
Scientists to Step up Research on Ocean & Marine Energy
“Oceans are of vital importance for the wealth and the well-being of present and future generations” said M. Venkaiah Naidu, Vice President of India, interacting with the Scientists of National Institute of Oceanography (NIO), in Dona Paula, Goa on 24 March 2019 and called for fully tapping the enormous potential of the Blue Economy for the country to achieve higher economic growth. Enhancing mo...
SHREYAS to Skill Non-Technical Students
SHREYAS (Scheme for Higher Education Youth in Apprenticeship and Skills), a programme conceived for students in degree courses, primarily non-technical, with a view to introduce employable skills into their learning, promote apprenticeship as integral to education and also amalgamate employment facilitating efforts of the Government into the education system so that clear pathways towards employ...
INDIA-US Trade Issues: Generalized System of Preferences
Generalized System of Preferences (GSP) is a U.S. trade programme designed to promote economic growth in the developing world by providing preferential duty-free entry for up to 4800 products from 129 designated beneficiary countries and territories, which United States intends to terminate in case of India and Turkey and has given a 60-day withdrawal notice for that on Tuesday 5 March 2019.
...‘SWAYATT’ on GeM & GeM Start-up Runway Launched
‘SWAYATT’ on GeM: Startups, Women and Youth Advantage Through e-Transactions on Government e-marketplace, an initiative that will bring together key stakeholders within Indian entrepreneurial ecosystem to Government e-Marketplace, was launched by Suresh Prabhu, Union Minister of Commerce & Industry and Civil Aviation, on Tuesday 19 February 2019.
India’s Self-Propelled, Fastest Train Vande Bharat Express Flagged Off
“Vande Bharat Express”, India’s first semi-high speed train, that will ply between Delhi and Varanasi, with halts at Kanpur and Allahabad, was flagged off by Prime Minister Narendra Modi on its maiden run at the New Delhi railway station on Friday 16 February 2019. This train is a ‘Make-in-India” Success Story as its major systems have been designed and built in India. It meets global standards ...
Strategy for New India @ 75
”The collective effort of 1.25 billion Indians is transforming the country. The Union Government is an active partner in the people’s quest for building a New India by 2022. It is our endeavour to create an ecosystem which enables every Indian to reach his or her full potential. This will pave the way for inclusive growth, and ensure prosperity to all. Policy is a necessary catalyst for change. ...
Pradhan Mantri Shram Yogi Maan-Dhan
Pradhan Mantri Shram Yogi Maan-dhan (PM-SYM), a voluntary and contributory pension scheme that will engage as many as 42 crore workers in unorganised sector, announced in Interim Budget, has been rolled out by Ministry of Labour and Employment on Friday 15 February 2019 to be implemented from 15 February itself.
Unorganised Workers are those ...
Global Housing Technology Challenge-India
Global Housing Technology Challenge-India (GHTC-India), envisioned to source technologies from all over the world and identifies such technologies which would be suitable for adoption in India and calls for Paradigm Shift in Technology Transition for Innovative Construction Technologies, was launched by Hardeep S. Puri, Minister of State (I/C) for Housing and Urban Affairs on Monday 14 January 2...
Disparities in Economic Growth of States
Economic Convergence within India remains a distant dream due to inter-State disparities as poorer States in the country continue to lag behind the richer ones in economic growth, although India is catching up with the richer economies in terms of absolute size as the world’s fastest-growing major economy, according to a report from the rating a...