Subject : Economy Context : Union Minister for Finance announced a new scheme to incentivize job creation during COVID-19 recovery has been launched. Concept : If EPFO-registered establishments take in new employees without EPFO registration or those who lost jobs earlier, the Yojana will benefit these employees. Beneficiaries / New Employees under the scheme would […]

Subject : Economy Context : Union Minister for Finance announced various measures, as part of Government of India’s stimulus to the economy, under AatmaNirbhar Bharat 3.0. Concept : Emergency Credit Line Guarantee Scheme for MSMEs, businesses, MUDRA borrowers and individuals (loans for business purposes), has been extended till March 31, 2021. 10 more Champion Sectors […]

Subject : Economy Context :The Cabinet Committee on Economic Affairs has approved Continuation and Revamping of the Scheme for Financial Support to Public Private Partnerships (PPPs) in Infrastructure Viability Gap Funding (VGF) Scheme till 2024-25. Concept : Background: The Department of Economic Affairs, Ministry of Finance introduced “the Scheme for Financial Support to PPPs in […]

Subject : Economy Context :  After Puducherry, Congress-ruled Rajasthan last week became the latest Opposition-ruled state to opt for a special borrowing window for meeting its compensation shortfall under Goods and Services Tax (GST). Concept : The total GST revenue shortfall for the current fiscal was estimated at Rs 3 lakh crore, of which compensation […]

Subject : Economy Context : The Ministry of Power, Government of India issued a notification to cover all the Electricity Distribution Companies (DISCOMs) under the preview of the Energy Conservation (EC) Act, 2001. Concept : The notification was formulated in consultation with Bureau of Energy Efficiency (BEE). According to it, all entities having issued distribution […]