Topic: Funds
SEBI Proposes Blocking of Funds Facility
Securities and Exchange Board of India (SEBI) releases consultation paper proposing to introduce a blocking of funds facility for trading in secondary markets. Aimed at protecting investors’ money...
RBI creates Payment Infrastructure Development Fund
On June 5, 2020, the Reserve Bank of India created Payment Infrastructure Development Fund of Rs 500 crores. Highlights The apex bank has made an initial contribution of...
Union Cabinet approves change of definition of MSMEs
On June 1, 2020, the Union Cabinet approved the changes made to the definition of MSMEs. The Finance Minister Nirmala Sitaraman had announced about the changes being made...
State Health Register to be launched by Karnataka Government: First of its Kind
On May 27, 2020, the Karnataka State Government announced that it will launch a “State Health Register” to collect data of all its citizens. The register is first...
Corona Virus Global Response International Pledging Conference held
On May 5, 2020, around 40 countries took part on an online summit called Global Response International Pledging Conference. Highlights The Conference was initiated by European Union. US...
Task force on National Infrastructure Pipeline submits its report
On April 29, 2020, the task force on National Infrastructure Pipeline has submitted its final report to Finance Minister Nirmala Sitaraman. The report has been prepared for the...
Five of the North Eastern States become COVID-19 free
On April 27, 2020, five of the eight north east states namely Manipur, Nagaland, Sikkim, Tripura and Arunachal Pradesh have become COVID-19 free. The other three states namely...
US stops WHO funding
On April 15, 2020, the United States stopped its funding towards World Health Organization (WHO). The United States provides 400-500 million USD to the organization annually. Highlights The...
China and US bring in aid for India
The United States has announced 2.9 million USD aid for India to fight against COVID-19. Apart from the US, China is to donate more than 1,70,000 Personal Protective...
Action Covid-19 Team launched in India: First of its kind in the world
The Action COVID Team was launched by top fund mangers of private sector and blue-chip venture capital firm. Significance The Team gained its popularity lately as Rs 1...
CII sets up COVID-19 Rehabilitation and Relief Fund
The Confederation of Indian Industries has set up funds to assist rehabilitation of micro, small and medium enterprises. The fund is to be raised from the members of...
