Cabinet Extends Animal Husbandry Fund; Dairy, Fisheries Set for Fillip
The Union Cabinet has approved the continuation of the Animal Husbandry Infrastructure Development Fund (AHIDF) till 2025-26 with an outlay of Rs.29,610.25 crore. The scheme will incentivize investments in various segments of the livestock sector, such as dairy, meat, animal feed, breed multiplication, animal waste management and veterinary drugs and vaccines. The scheme will also […]
CGTMSE: Collateral-Free MSME Loans Cross Rs 1.50 Lakh Cr
The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is a scheme launched by the Ministry of MSME and SIDBI in 2000 to provide collateral-free loans to micro and small enterprises (MSEs). The scheme aims to enhance the credit flow to the MSE sector by providing credit guarantee support to the lenders. According […]
IBBI Simplifies Rules for Insolvency Professional Entities
The Insolvency and Bankruptcy Board of India (IBBI) has issued a circular on 1st February 2024 to provide clarity on some issues related to the role of Insolvency Professional Entities (IPEs) under the Insolvency and Bankruptcy Code, 2016 (IBC). What are IPEs? IPEs are entities that can act as Insolvency Professionals (IPs) under the IBC. […]
Revamping Nominations: SEBI’s Plan to Reduce Unclaimed Assets
The Securities and Exchange Board of India (SEBI) has recently issued a consultation paper on revamping the nominations framework in the securities market. The aim of this proposal is to reduce the amount of unclaimed assets in the securities market and to smoothen the process for claiming the assets by the surviving successors of the […]
SEBI Panel’s New Proposal: No Security Deposit for Public Issues
The Securities and Exchange Board of India (Sebi) is considering a proposal to scrap the mandatory security deposit that issuers have to pay to the stock exchanges before launching a public issue. This could lower the cost of raising funds from the capital market and make it more attractive for companies. The proposal was made […]
CBDT Releases ITR Forms for 2024-25 Assessment
The Central Board of Direct Taxes (CBDT) has notified the Income Tax Return (ITR) forms for the assessment year 2024-25. The ITR forms are used by taxpayers to file their tax returns online. The CBDT has released ITR forms 2, 3, 5 and 6 for different categories of taxpayers. Here are the key details about […]
₹98,418 Cr for Jal Shakti Ministry, Maximum for Jal Jeevan Mission
The interim budget for 2024-25 has given a huge boost to the Jal Shakti Ministry, which has been allocated ₹98,418 crore, a 1.94 percent increase from the previous year. The ministry is responsible for ensuring water security and sanitation in the country, and its flagship program, the Jal Jeevan Mission, has secured a significant portion, […]
Sugar Subsidy Scheme for AAY Families Extended till 2026
The government has announced the extension of the sugar subsidy scheme for Antyodya Anna Yojna (AAY) families for two more years till March 31, 2026. The scheme provides subsidized sugar to the poorest of the poor through the Public Distribution System (PDS). The decision is expected to benefit about 1.89 crore AAY families across the […]
Three New Economic Corridors for Railways: FM
In her Interim Budget speech delivered in the lower house of parliament, Finance Minister Nirmala Sitharaman announced a substantial allocation of Rs 2.55 lakh crore for capital expenditure for the Indian Railways, along with three new railway economic corridors to reduce congestion and logistics costs in India. She also proposed that around 40,000 normal rail […]
Cabinet Approves Marketing Margin for Urea Plants’ Gas Supply
The Union Cabinet, led by Prime Minister Narendra Modi, has approved the determination of marketing margin on the supply of domestic gas to Fertilizer (Urea) Units for the period from May 1, 2009 to November 17, 2015. This approval is a structural reform that aims to provide additional funds to various Fertilizer (Urea) Units for […]