Page-4 of nirmala sitaraman

India to set up Coal Exchange

India is to set up Coal Exchange trading platform soon. According to the proposal to set up the India Coal Exchange platform, the entire coal mined in the country is to be traded on a common platform called “Coal Exchange”. ..

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GoI: No New Schemes for a year

On June 5, 2020, the Government of India announced that no new schemes will be approved till March 31, 2021. Till then, the schemes under Pradhan Mantri Garib Kalyan Yojana and Atma Nirbhar Bharat Abhiyan are to be implemented. Highlights ..

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Union Cabinet approves farmer friendly Essential Commodities Act

On June 3, 2020, the Union Cabinet chaired by PM Modi has made historic amendments to Essential Commodities Act. Under the amendment, the regulatory environment has been liberalized for farmers. The Farmers Agreement on Price Assurance and Farm Services Ordinance, ..

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Loans worth Rs 3,200 crores sanctioned under Atma Nirbhar Bharat Abhiyan

On June 2, 2020, the Public Sector Banks sanctioned collateral free loans that were worth Rs 200 crores. The complete Rs 200 crore sanction was done in a single day. Highlights The PSBs are set to sanction Rs 3,200 crores ..

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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 to MSMEs while she announced the economic package allocated to Atma Nirbhar ..

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GoI launches PM SVANidhi scheme

On June 1, 2020, Government of India launched the Pradhan Mantri SVANidhi Scheme for street vendors. The Union cabinet has cleared the credit amount for the scheme as well Highlights The PM SVANidhi or PM Street Vendors Atmanirbhar Nidhi is ..

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