NDB invests $100 million in fund of funds (FOF) of national investments and infrastructure fund ( NIIF)

This Investment marks new development Bank’s (NDB) first equity investment into india. The Investment aims to support private capital investments in India when indian companies are seeking much – needed equity to achieve their long-term growth. NDB is a multilateral development bank (NDB) established by Brazil,Russia, India,China, and south Africa (BRICS). It’s objectives is to … Read more

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Apprenticeship act to be amended to boost eas of doing business

The apprenticeship act , 1961 provides for regulation and control of training of apprenticeship. Apprenticeship training is a course of training in an industry or establishment, consisting of basic training and on-the -job training. It combines work-based learning with theoretical knowledge of related subjects along with wage earning as a stipend. Under apprenticeship act, firms … Read more

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What is Index of Industrial Production (IIP) in India

IIP turned positive again for December after contacting by 1.9 per cent in November. IIP is an index that tracks manufacturing activity in different sectors of an economy. Manufacturing, Mining and Electricity are the three broad constituents of IIP , with weightage of 77.63% ,14.37% and 7.99% respectively. Electricity,crude oil,coal , cement, steel , refinery … Read more

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Fund Allocate to NGOs for Tribal Welfare

The ministry of tribal affairs is implementing two schemes through Non-governmental organizations (NGOs)/ Voluntary organizations (VOs). Grant-In-Aid to Voluntary organization working for the welfare of scheduled Tribes : To enhance the reach of welfare schemes in services like education, health, drinking water etc in tribal areas. Strengthening education among scheduled Tribe Girls in low literacy … Read more

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Government Plans To Unlock Value In Assets Through Monetization

Budgets for 2021-22 proposes a National Monetization Pipeline of potential brownfield projcts, refers to a project where an existing one is rbuilt , modified or upgraded. Important Measurs announced are : Additional toll roads to NHAI InvIT, Dedicatd freight corridors assets, Oil and gas pipeline etc. NMP is announced as one of the measures to increase … Read more

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