The Union Cabinet on Monday, 1st June 2020, affirmed a credit scheme for road merchants, as confirmed by Union Minister Prakash Javadekar at a media gathering.
Under the program, road peddlers can take credits up to Rs 1,00,00 through the Prime Minister Street Vendors Atma Nirbhar Nidhi plot, clarified Union Minister Nitin Gadkari. Gadkari further stated that the plan would incorporate road and trail merchants and the sum taken could be returned in one year. There is no correctional arrangement in the plan, he said.
Moreover, among the significant choices taken in the gathering, the Union Cabinet affirmed an expansion in least help costs (MSP) of 14 Kharif crops. The expanded MSP will guarantee a value which will be 50 percent to 83 percent more than the expense of creation, Mr.Javadekar said while preparing journalists. The MSP for paddy has been fixed at Rs 1,868, jowar at Rs 2,620, while bajra at Rs 2,150. The bureau has likewise given its gesture to change the meaning of MSMEs. Two lakh MSMEs will profit by the change, said Mr.Javadekar. In the upgrade bundle reported by Finance Minister Nirmala Sitharaman a month ago, she had proposed changes in the meaning of MSMEs. While the administration raised as far as possible for 'medium ventures' to Rs 250 crore, firms with Rs 1 crore speculation and Rs 5 crore turnover would be remembered for miniaturized scale endeavors. Those with a venture of not as much as Rs 10 crore and turnover of not as much as Rs 50 crore will quality as little endeavors. The primary target of the plan is to give a motivating force to part-loaning establishments (MLIs) like banks, money related organizations (FIs) and non-banking budgetary organizations (NBFCs) to build access to, and empower accessibility of extra subsidizing office to MSME borrowers, taking into account the monetary trouble brought about by the COVID-19 emergency, by giving them a hundred percent ensure for any misfortunes endured by them due to non-reimbursement of the GECL financing by borrowers. In the press preparation, the Union Minister for Information and Broadcasting, Prakash Javadekar said that the legislature perceives the significance of MSMEs which are the foundation of India's economy. The pastor said that the legislature has detailed the guide for executing the measures for the MSME division, as reported in the Atmanirbhar Bharat bundle. These measures will improve the simplicity of working together, pull in speculation, and make employment, said the pastor. Joining the question and answer session, Nitin Gadkari, serve for street transport, interstates, and MSMEs said that 60 million MSMEs contribute 29% to India's GDP, 48% of all-out fares, and create 110 million occupations and these choices will help fortify the Indian economy. Giving subtleties of the value plot, Gadkari expounded this depended on the proposal of the U K Sinha Committee (on troubled stores and extraordinary reserve of assets for MSMEs).
Union Cabinet Supports Jammu & Kashmir Official Languages Bill, 2020
Executive
Sep 04, 2020
Rhea Banerjee
(
Editor: Ekta Joshi
)
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The Union Cabinet has accepted the Jammu and Kashmir Official Languages Bill 2020 where five languages are decided to be the official language of Jammu and Kashmir namely- Urdu, Kashmiri, Dogri, Hindi, and English as stated by the Union Minister Prakash Javadekar. He further added that the Bill will be soon introduced in the Parliament’s monsoon session. The Union Minister, Prakash Javadekar also mentioned that the bill was approved based on public demand. Dr. Jitendra Singh (union...
Union Cabinet approves ‘National Education Policy’ with various new changes [READ POLICY]
Executive
Jul 30, 2020
Prachi Misra
(
Editor: Ekta Joshi
)
15 Shares
A committee for drafting a national education policy has been set up and approved by Union Minister.‘Committee for the Draft Education Policy’ was constituted under the chairmanship of eminent scientist Dr. K Kasturirangan and the draft was submitted on 31st May 2020.Under the new policy, the earlier 10+2 structure is replaced with a new 5+3+3+4 curriculum structure corresponding to ages 3-8, 8-11, 11-14, and 14-18 years. The policy reads, “All students will take school examinations...
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