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On Monday, the parliament approved a bill to increase foreign direct investment (FDI) in the insurance sector from 49% to 74%. Union Minister for Finance and Corporate Affairs, Ms. Nirmala Sitharaman, who is piloting the Bill, stated that increasing the FDI limit in the insurance sector will support insurers in boosting additional funds and overcoming financial issues.
The Government has made a co-contribution amount of Rs. 57,078.22 lakh (US$ 78.73 million) disbursed till February 2021 under Atal Pension Yojana, this was stated by Mr. Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today.
Following the announcement of incentive schemes for mobile and IT hardware manufacturing, the government now is considering a major scheme for establishing display fabrication units in India. The Ministry of Electronics and Information Technology (MeitY) has requested expressions of interest (EoIs) from organisations interested in establishing LCD/OLED/AMOLED/QLED-based display fabrication units in India.
India’s massive evacuation programme triggered by the Covid-19 pandemic has brought back over 67.5 Lakh people from abroad.
Chief election commissioner (CEC) Sunil Arora on Saturday said that ‘remote voting’ facility — enabling persons who cannot be at their polling booths on election day for different reasons, to exercise their franchise from a remote location — may be offered in the 2024 Lok Sabha election, with first pilot project likely to start in the next 2-3 months.
The Ministry of AYUSH has established Pharmacopoeia Commission for Indian Medicine and Homoeopathy (PCIM&H). The Pharmacopoeia Commission has published 645 standards of Ayurveda Single drugs, 202 compound Ayurveda Drug, 298 Unani single drug & 150 Unani Compound drug, 139 Siddha drugs & 1117 Homoeopathic Drugs standards are published in the form of respective Pharmacopoeias.
Ministry of Road Transport & Highways has notified draft rules for setting up Registered Vehicle Scrapping Facility (RVSF). The rules lay down the procedure for setting up, authorization and operation of RVSF. Key features are:
Union Minister for Finance and Corporate Affairs, Ms. Nirmala Sitharaman stated on Thursday that India collected FDI worth Rs. 26,000 crore (US$ 3.58 billion) in the insurance sector after the foreign investment limit was raised from 24% to 49% in 2015.
Draft Detailed Project Report (DPR) of Godavari-Cauvery link project consisting of three links viz; Godavari (Inchampalli/Janampet) – Krishna (Nagarjunasagar), Krishna (Nagarjunasagar) – Pennar (Somasila), Pennar (Somasila)-Cauvery (Grand Anicut) link projects has been completed by National Water Development Agency (NWDA) and circulated to party States in March 2019. The comments of party States have been deliberated in a virtual meeting held on 18.09.2020.
Union Road Transport and Highways Minister, Mr. Nitin Gadkari stated on Thursday that India will phase out toll booths and replace them with GPS-based toll collection within a year.
