Context: The government of India has been promoting use of ethanol as a blend stock with main automotive fuel like petrol in line with the National Policy on Biofuels (NBP), 2018, under the Ethanol Blended Petrol (EBP) Programme. More on the news: This policy envisages an indicative target of blending 20% ethanol in petrol by 2030. Government&rsq... .Read more
Updated on 6 February, 2021 GS3 Economy
Context: The number of farmers’ crop insurance claims that were rejected by insurance companies under the Centre’s flagship Pradhan Mantri Fasal Bima Yojana (PMFBY) multiplied 10 times in just two years, according to data provided by the Agriculture Minister. Rejected claims In 2017-18, the number of rejected claims was 92,869. I... .Read more
Context: Recently, the Reserve Bank of India (RBI) said that it will give small investors direct access to its government securities trading platform. More on the news: This will enable retail investors to directly open their gilt accounts with RBI, and trade in government securities. The Governor of the central bank, described t... .Read more
Context: The Department of Commerce through the Director General of Foreign Trade (DGFT) is engaging with State and Central government agencies to promote the initiative of One District One Product (ODOP). Background: ODOP initiative is operationally merged with ‘Districts as Export Hub’ initiative being implemented by DGFT, ... .Read more
Updated on 5 February, 2021 GS3 Economy
Context: The Government of India has issued the Draft Final Report of the National Rail Plan. More on the news: The draft plan available on the website of the Ministry of Railway, includes suggestions and inputs from all stakeholders. National Rail Plan aims at providing a long term perspective for augmenting the Railway Network. ... .Read more
Updated on 4 February, 2021 GS3 Economy
Context: The initial public offering (IPO) of India's largest insurance company LIC is likely after October this year. In her Budget speech, Finance Minister said strategic disinvestment of BPCL, Air India, Shipping Corporation of India, Container Corporation of India, IDBI Bank, BEML, Pawan Hans, Neelachal Ispat Nigam Ltd, among others, and ... .Read more
Updated on 3 February, 2021 GS3 Economy
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