Financial Assistance Current Affairs, GK & News

Delhi Startup Policy

Recently, the Chief Minister of Delhi launched the ‘Delhi Startup Policy’. What is the aim of the ‘Delhi Startup Policy’? To promote entrepreneurship in Delhi by creating an enabling ecosystem for people to launch startups. The government wants to make Delhi the “startup destination of the world”. How many startups will be supported? The government ..

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Continuation of Indian Footwear and Leather Development Programme

The Ministry of Commerce recently announced that the Indian Footwear and Leather Development Programme (IFLDP) is to continue from 2021-22 till 2026. The programme is to be implemented at a cost of Rs 1,700 crores. What is IFLDP? IFLDP will develop infrastructure for leather sector. It will facilitate additional investment. It will increase the production ..

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Delhi announces monetary support for Covid-19 affected families

Chief Minister of Delhi, Arvind Kejriwal, launched a scheme to provide monetary support to covid-19 affected families on July 6, 2021. Key Points Chief Minister also launched an online portal which will help in providing financial assistance to families. He also asked officials not to find faults in their claim applications. Mukhyamantri Covid-19 Pariwar Aarthik ..

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India announces Financial Assistance Package for Maldives

The Government of India has decided to grant a substantial financial package to the Maldives in order to enable it to tide over the economic crisis it is facing due to the shortage in the tourist footfall due to the COVID 19 pandemic. India has already extended assistance of $400 million through extended currency swap ..

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Finance Ministry begins Annual Exercise

On May 12, 2020, the Ministry of Finance announced that the government departments and ministries will review guarantees issued against loans issued by various government entities. Highlights The exercise is done to make sure that the borrower is discharging the repayment obligations and interest obligations according to the loan agreement. The financial advisories of the ..

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