Saturday, 5 August 2017

IMPORTANT GOVERNMENT SCHEMES 06/08/2017




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.
Objective
 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.

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