General Awareness

GOVERNMENT POLICIES AND SCHEMES - November 2019

Nov 2019

Dec 01, 2021

Govt. Approves Continuation of Scheme for Investment Promotion

The government approved the continuation of the Scheme for Investment Promotion (SIP) for five years (2021-26) with a financial outlay of Rs. 970 crore.
The scheme comprises a number of components and activities for the promotion of investment into the country; enhancing international co-operation for promoting FDI and capacity building.
To increase the investment inflow, the Department for Promotion of Industry and Internal Trade (DPIIT) has been undertaking various initiatives and reforms such as the launching of Make in India, setting up of project development cells, creating a GIS-based Industrial Information System and National Investment Clearance Cell.

Bill Passed to Relax norms for Infra Requirement of Bihar pvt Varsities

The Bihar assembly introduced and passed an amendment Bill that seeks to relax norms for meeting infrastructure requirements of private universities in the state.
The Bihar Private Universities (Amendment) Bill, 2021 proposes that such institutes will be allowed to function from makeshift venues, provided they meet all other conditions.
Besides, if they are unable to develop the prescribed built up area within the stipulated period of two years, they will get another two years to complete it.

Nov 30, 2021

Parliament Passes Bill to Repeal Three Farm Laws

Parliament passed the Farm Laws Repeal Bill, to repeal the three contentious agri laws against which farmers have been protesting for over a year, with its passage in Rajya Sabha.
Lok Sabha also passed the Farm Laws Repeal Bill, 2021, within minutes of its introduction in the Lower House.

Nov 29, 2021

Indian Oil, BPCL and HPCL Launch Model Retail Outlet Scheme

Indian Oil, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited announced the launch of Model Retail Outlet Scheme and a Digital Customer Feedback Program called Darpan@petrolpump. Three oil PSUs have joined hands to launch Model Retail Outlets to enhance service standards and amenities, across their networks, which serve over 6 Crore consumers every day.
The initiative was inaugurated by Hardeep Singh Puri, Minister of Petroleum and Natural Gas & Housing and Urban Affairs, Govt. of India, in the august presence of Shri Rameswar Teli, Minister of State for Petroleum and Natural Gas & Labour and Employment, Govt. of India and Shri Tarun Kapoor Secretary, Ministry of Petroleum and Natural Gas, Govt. of India.

Nov 27, 2021

Nirmala Sitharaman launched Tejasvini & Hausala schemes

Union Minister of Finance & Corporate Affairs, Nirmala Sitharaman launched two schemes named 'Tejasvini & Hausala schemes' of J&K Bank for girls. Under 18-35 years of age to start their businesses and 'Shikhar & Shikara' schemes of Punjab National Bank (PNB) for development of tourism in Jammu and Kashmir (J&K).
Tejaswini Scheme is in the course of the credit score outreach programme in Jammu. The scheme goals to offer monetary help as much as Rs. 5 lakh to younger ladies for establishing gainful self-employment ventures, suited to their expertise, aptitude & native situations. Tejasvini scheme focuses on offering monetary help of Rs. 5 lakh to ladies between 18-35 years for beginning their enterprise.
Shikhar scheme focuses on meeting credit requirements up to INR 2 crore for the hotel, tour & tourism industry.
'Shikara' which goals to supply finance for the acquisition of the latest shikara and restore & upkeep of shikara and houseboats by means of collateral-free time period loans with handy reimbursement beneath EMI mode in seven years. Shikara scheme will prove credit up to INR 15 lakh for purchase/repair of Shikaras is provided in Kashmir valley.

Nov 26, 2021

AP Motor Vehicles Taxation (Amendment) Bill 2021

Andhra Pradesh (AP) government, in an eco-friendly move, passed 'AP Motor Vehicles Taxation (Amendment) Bill 2021' to levy a green tax.
This move can cause additional burden on vehicle buyers.
Green tax will be imposed on all vehicles, except motorcycles and auto rickshaws
This amendment was made due to central government's recommendation of 'green tax' which will help in saving environment from carbon emissions by making vehicle owners pay for the pollution they cause.
Besides green tax, government has increased tax on new vehicles by one per cent for the vehicles that costs below Rs. 5 lakh. There is a tax increase by 3 per cent on vehicles costing between Rs. 10 and 20 lakh. On the other hand, 18 per cent tax will be imposed on luxury vehicles, which costs more than Rs. 20 lakh.

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