Schemes or Government Initiatives
1. Tejaswini Project
“Tejaswini” - Socio-Economic Empowerment of Adolescent Girls and Young Women Project”
Market-driven skills training and secondary education for adolescent girls and young women.
The project is being delivered in 17 Districts of Jharkhand.
India signs Financing Agreement with World Bank for Tejaswini.
It is World Bank’s first project in India solely focused on the welfare of adolescent girls and young women (AGYW) aged between 14 and 24
2. Insolvency and Bankruptcy Code (IBC), 2016
Override other existing laws on matters pertaining to Insolvency and Bankruptcy.
Resolve insolvencies within 180 days. (Extendable upto 270 days) for the Company.
Debt Recovery Tribunal - Adjudicating authority for individuals.
National Company Law Tribunal - Adjudicating authority for corporate insolvency.
Insolvency and Bankruptcy Board of India to exercise regulatory oversight over insolvency professionals, insolvency professional agencies and information utilities.
Insolvency and Bankruptcy Board of India is under the Ministry of Corporate Affairs (MCA).
Enabling provisions to deal with cross border insolvency.
3. National Investment and Infrastructure Fund (NIIF)
Fund created by the Government of India for enhancing infrastructure financing in the country.
Different from the National Investment Fund.
It is set up as Category II Alternate Investment Fund (AIF) under the Securities and
Exchange Board of India (SEBI) Regulations.
NIIF is India’s first sovereign wealth fund.
Infrastructure development in commercially viable projects, both Greenfield and Brownfield, including stalled projects.
To attract investment from both domestic and international sources.
It would serve as an umbrella fund with several funds underneath it.
4. Hydrocarbon Exploration and Licensing Policy (HELP)
Uniform license for exploration and production of all forms of hydrocarbon.
Open acreage policy - Enable exploration and production (E&P) companies choose the blocks from the designated area.
Shift to Revenue sharing model, from previous production sharing model.
Marketing and pricing freedom for the crude oil and natural gas produced.
The decision will enhance domestic oil & gas production, bring substantial
investment in the sector and generate sizable employment.