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The Ministry of Agriculture and Farmers Welfare has released the draft National Policy on #Farmer Producer Organisations (FPOs) for public comment. FPOs are voluntary collectives of farmers designed to enhance their bargaining power and access to inputs, markets, and technology.
The Reserve Bank of India (RBI) has joined Project Nexus, an international initiative to enable instant cross-border retail payments by linking domestic Fast Payments Systems (FPSs) of multiple countries. #UPI
The Prime Minister praised the completion of 9 years of the Digital India initiative, emphasizing its impact on enhancing 'Ease of Living' and transparency. Launched in 2015, the #Digital India Initiative aims to transform India into a digitally empowered knowledge economy.
The RBI proposed the Draft Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2024, to streamline export-import transactions and enhance business convenience, especially for small exporters and importers. #RBI#ExportImport
The RBI proposed rationalizing export and import transaction regulations to ease business and empower banks under FEMA, 1999. Exporters must declare the full export value and repatriate it to India within nine months from shipment for goods or invoice date for services. #RBI
On the eve of Statistics Day (29th June), the Ministry of Statistics and Programme Implementation (MoSPI) launched the eSankhyiki portal to enhance access to official statistics. #MoSPI
Three new criminal laws—Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Adhiniyam—replacing colonial-era laws, came into effect on July 1, 2024, except Section 106(2) of the Bharatiya Nyaya Sanhita, which is on hold. #CriminalLaw#Legal
Despite high demand, the budget allocation for the Prime Minister's Employment Generation Programme (PMEGP) this year is lower than the revised estimates for the previous year. TheMoMSME has sought an additional ₹5,000 crore from the finance ministry due to subsidy claim.
The ULLAS – Nav Bharat Saaksharta Karyakram (New India Literacy Programme) is a centrally sponsored scheme running from 2022 to 2027, aligned with NEP 2020. Recently, Ladakh was declared fully functionally literate under this program, achieving a literacy rate of over 97%. #NEP
The Securities and Exchange Board of India (SEBI) has amended its Prohibition of Insider Trading (PIT) regulations to offer more flexibility to senior executives of listed companies submitting a "trading plan" for dealing with their shares. #SEBI
The Union Cabinet has approved the National Forensic Infrastructure Enhancement Scheme (NFIES), a central sector initiative aimed at enhancing forensic investigation capabilities across India. #ForensicScience
The Union government has implemented the Public Examinations (Prevention of Unfair Means) Bill, 2024, effective from June 21, to curb malpractices in government recruitment exams.This act addresses the widespread issue of exam cancellations due to paper leaks. #PublicExams
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