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Insolvency and Bankruptcy Code Amendment Ordinance, 2021
The President of India, Shri Ram Nath Kovind recently promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021. The ordinance will allow pre-packaged insolvency resolution process for MSMEs. The Pre-packaged Insolvency Resolution Process is called PIRP. About the Ordinance The ..
Month: Current Affairs - April, 2021
RBI’s Second Cohort under Regulatory Sandbox
The Reserve Bank of India recently announced the second cohort under Regulatory Sandbox. It was announced under the theme of “Cross Border Payments”. What is Regulatory Sandbox? The Regulatory Sandbox refers to live testing of new products and services in ..
Month: Current Affairs - December, 2020
Project Kirana launched by Mastercard and USAID
On November 19, 2020, Mastercard and United States Agency for International Development launched “Project Kirana”. The programme will enable women entrepreneurs to grow, launch and thrive. What is the plan? Under Project Kirana, a two-year programme is to be rolled ..
Month: Current Affairs - November, 2020
Udyam Scheme: 11 lakh MSMEs registered
On November 7, 2020, the Government of India announced that over 11 lakh MSMEs have registered on the new online system of Udyam Registration. It was launched in July 2020. Key Highlights According to GoI, over 3.72 lakh have been ..
Month: Current Affairs - November, 2020
Invest India and AYUSH Ministry sets up “Strategic Policy and Facilitation Bureau”
The Ministry of AYUSH and Invest India will set up “Strategic Policy and Facilitation Bureau” to facilitate systematic growth of AYUSH sector. Highlights The Bureau will help to make AYUSH systems future ready. It will support in making initiatives under ..
Month: Current Affairs - November, 2020
India attends 6th BRICS Parliamentary Forum
On October 27, 2020, Indian Parliamentary delegation under the leadership of Lok Sabha speaker Om Birla attended the sixth BRICS Parliamentary Forum. It was chaired by the Chairman of State Duma of the Federal Assembly of Russia. The speakers and ..