Finance news

Cabinet approves PLI scheme for High Efficiency Solar PV Modules

01/01/1970

Cabinet approved proposal for implementation of Production Linked Incentive (PLI) Scheme 'National Programme on High Efficiency Solar PV (Photo Voltic) Modules' for achieving manufacturing capacity of Giga Watt (GW) scale in high efficiency solar PV modules with an outlay of Rs.4,500 crore....

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Posted Under: Finance |

Status of Production-Linked Incentive Schemes

01/01/1970

In the Union Budget 2021-22, presented on 1st February 2020, the Finance Minister announced an outlay of INR 1.97 Lakh Crores for the Production-Linked Incentive (PLI) Schemes for 13 key sectors, to create national manufacturing champions and generate employment opportunities for the country’s youth. This means that minimum product...

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Posted Under: Finance |

Credit Guarantee Scheme for Subordinate Debt extended

01/01/1970

Credit Guarantee Scheme for Subordinate Debt (CGSSD) extended upto 30.09.2021 Government of India announced creation of ‘Distressed Assets Fund- – Subordinate Debt for Stressed MSMEs’ on 13th May, 2020, under the AtmaNirbhar Bharat Package. Accordingly, a scheme viz. ‘Credit Guarantee Scheme for Subordinate Debt’was approved...

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Posted Under: Finance |

First time Monthly Export from India Crosses 34 Billion USD

01/01/1970

FIRST TIME EVER IN A MONTH, INDIAN EXPORTS CROSSED US$ 34 BILLION IN MARCH 2021; INDIA’S MERCHANDISE TRADE: Preliminary Data for March 2021 released; India’s merchandise exports in March 2021 were USD 34.0 billion as compared to USD 21.49 billion in March 2020, anincrease of 58.23%; India’s merchandise imports in March 2021 were USD...

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Posted Under: Finance |

Emergency Credit Line Guarantee Scheme 1.0 & 2.0 extended upto 30.6.2021

01/01/1970

ECLGS 3.0 would involve extension of credit of upto 40% of total credit outstanding across all lending institutions as on 29.02.2020. The tenor of loans granted under ECLGS 3.0 shall be 6 years including moratorium period of 2 years....

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Posted Under: Finance |

Budget Session of Parliament adjourns sine die- 18 Bills Passed

01/01/1970

The Budget Session, 2021 of Parliament, which commenced on Friday, 29th January 2021, has been adjourned sine die today i.e. Thursday, 25 March 2021....

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Posted Under: Finance |

Value of IPL Ecosystem Decreased by 3.6% in 2020

01/01/1970

Value of IPL Ecosystem Decreased by 3.6% in 2020, Reveals IPL Brand Valuation Report from Duff & Phelps, A Kroll Business Key report findings include: ♣ The IPL ecosystem value has decreased by 3.6% to INR 45,800 crore in 2020 from INR 47,500 crore in 2019. ♣ Mumbai Indians retained the top spot in the […]...

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Posted Under: Finance |

IAMAI Urge Government against ban on Cryptocurrency & to build consensus 

01/01/1970

IAMAI today appealed to the Government of India not to ban cryptocurrency, proposing to develop robust mechanisms to regulate the ecosystem. Cryptocurrency has been generating jobs across a variety of functions — legal, compliance, tech, marketing, business development, finance, etc. — in India and abroad. Given the scale and diversit...

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Posted Under: Finance |

More than 81% account holders are Women under Stand Up India Scheme

01/01/1970

Ministry of Finance, in the past seven years has launched various Schemes which have special provisions for empowerment of women. These Schemes have financially empowered women to lead a better life and chase their dreams of being an entrepreneur....

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UK Court allows Extradition of Nirav Modi

01/01/1970

The Westminster Magistrates’ Court, London(UK) has today accepted the contention of Govt of India to extradite Mr.Nirav Modi. The U.K.Court delivered the verdict wherein it held that the evidence against Mr.Nirav Modi is prima facie sufficient to order his extradition to India to face the charges....

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