The government launched the Start-up India Seed Fund Scheme (SISFS).
The scheme will be launched with a corpus of Rs 945 crore.
The scheme was launched with the aim of providing the financial assistance to start-ups for the product trials, market-entry, proof of concept, prototype development and commercialization.
The funds under the Start-up India Seed Fund Scheme will be disbursed through the selected incubators across the country.
The scheme will be in mission mode for the year 2021-25.
The funds under SISFS can be availed by a start-up that are incorporated not before the 2 years ago at the time of application.
The Start-ups will be recognized by the DPIIT.
Jan 30, 2021
Parliament to Consider Bills to Ban Private Cryptocurrencies, Set up DFI
The Budget session of the Parliament will contemplate introduction of two keys payments that search to ban personal cryptocurrencies and arrange a growth finance establishment for infrastructure financing.
The government will introduce the 'Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 that seeks to create a "facilitative framework" for creation of official digital foreign money that might be issued by the Reserve Bank of India. The Bill will prohibit all personal cryptocurrencies in India, however will permit for sure exceptions to advertise the underlying know-how of cryptocurrency, and its makes use of.
The government may even introduce The National Bank for Financing Infrastructure and Development (NaBFID) Bill, 2021 by which a brand-new Development Financial Institution might be arranged.
Besides these, the present Parliament session may even contemplate 18 different payments, together with the Finance Bill, for passage.
This contains Multi-State Cooperative Societies (Amendment) Bill, 2021 that can allow co-operative societies to raise assets extra successfully by selling purposeful autonomy and professionalization.
The Competition (Amendment) Bill, 2021 may even be launched to carry structural modifications within the governing construction of the CCI, and to handle the wants for brand spanking new age markets.
Jan 28, 2021
India's Blue Economy Policy
India is working on a Blue Economy Policy that plans to boost island tourism, marine biotechnology, deep-sea mining and the ocean energy sector through innovative financing and business models, according to a draft of the policy released by the ministry of earth sciences for public feedback.
The highlights of the policy include an accounting framework to assess the growth of the blue economy; mapping of India's coastal zones for integrated coastal and marine spatial plans; and dealing with marine pollution, particularly by microplastics and plastics.
Promotion of aqua culture, seaweed and algae harvesting and sustainable marine capture; marine biotechnology for non-food sectors; a boost to the economy and employment through development of ports, fisheries, ship building and coastal and cruise tourism (including island tourism and development) are other aspects of the policy.
Jan 27, 2021
Rajasthan's New M-Sand Policy
The Chief Minister of Rajasthan, Ashok Gehlot, has released the new M-Sand Policy of Rajasthan in light with the government's commitment to meet the quantity of sand which is needed for construction work.
The M-sand policy has been launched with the aim of reducing the dependency on the traditional sand from rivers.
Through this policy, the use and production of manufactured sand or M-sand in the state will be encouraged.
With this policy, the problem of waste generated from the mines in the mining areas of Rajasthan will also be solved.
This will also create huge employment opportunities at the local level.
The policy designated the M-sand units the status of an industry.
In the state of Rajasthan, the availability of sand is not as per the requirement of construction works. There is a demand of around 70 million tonnes of river sand for various construction work. But, only 20 M-sand units are operating in the state. These 20 units produces 20,000 tonnes of M-sand every day. Now, this new M-sand policy will be promoting it as a long-term alternative to gravel and help in setting up of new mining units.
Jan 26, 2021
Shah Launches Cashless Medical Treatment Scheme for CAPF Personnel and Families
Union home minister Amit Shah launched Ayushman CAPF, a cashless medical treatment scheme for central armed police forces personnel and their families in Guwahati.
Under the scheme, nearly 5 million CAPF personnel and their families can avail cashless medical treatment in nearly 24,000 Pradhan Mantri Jan Arogya Yojana (PMJAY) and central government health scheme (CGHS) empanelled private hospital across India.
This scheme is an extension of Ayushman Bharat scheme launched by Prime Minister Narendra Modi.
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