Page-5 of Business Current Affairs, GK & News

Cabinet approves Sugar export policy for evacuation of surplus stocks

Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has given its approval for sugar export policy for evacuation of surplus stocks during sugar season 2019-20. The policy provides lump sum export subsidy of Rs. 10,448 per Metric Tonne (MT) to sugar mills for season 2019-20. Export Subsidy It will be provided ..

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CVC constitutes Advisory Board for Banking Frauds

The Central Vigilance Commission (CVC) has constituted Advisory Board for Banking Frauds (ABBF) to examine bank fraud over Rs 50 crore and recommend action. It is reconstituted and rejigged version of erstwhile Advisory Board on Bank, Commercial and Financial Frauds. About Advisory Board for Banking Frauds (ABBF) Composition: Former Vigilance Commissioner T M Bhasin will ..

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Bharatcraft portal:  Government to launch e-commerce marketing platform

Union Minister Nitin Gadkari has announced that Union Ministry of Micro, Small and Medium Enterprises (MSMEs) is planning to launch Bharatcraft portal, a desi version e-commerce marketing platform. It will be based on the lines of e-commerce behemoths such as Alibaba and Amazon. It will provide platform for MSMEs to market and sell their products ..

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Rajasthan ranked 1st in free medicine scheme implementation under National Health Mission

The flagship scheme of Rajasthan government has topped the 16-state chart detailing implementation of the free medicine scheme i.e. run under the National Health Mission (NHM). The NHM assessed the performance of the states on the basis of effective implementation of Drugs and Vaccine Distribution Management System (DVDMS), stock of essential drugs, value of drugs ..

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Government relaxes norms for shares with differential voting rights

Union Ministry of Corporate Affairs (MCA) has amended provisions relating to issue of shares with Differential Voting Rights (DVRs) provisions under Companies Act. This move is aimed at enabling promoters of Indian companies to retain control of their companies in their pursuit for growth and creation of long-term value for shareholders, even as they raise ..

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