Swachh Bharat Mission: Union Government announces 10 new Swachh Iconic Places
Parameswaran Iyer, Secretary of the Union Ministry of Drinking Water and Sanitation, on June 12, 2018 launched the Phase III of ‘Swachh Iconic Places’ (SIP) under PM Narendra Modi’s Swachh Bharat Mission.
The Ministry also launched ten new iconic sites under the third phase of the flagship Swachh Iconic Places project. The Ministry launched the project at the Mana village which is situated close to the Badrinath temple in Uttarakhand. The Mana village now becomes a Swachh Iconic Place.
SEBI constitutes Expert Committee to frame rules for direct listing of Indian firms abroad
The Securities and Exchange Board of India (SEBI) on June 12, 2018 constituted an Expert Committee to frame rules for direct listing of Indian firms abroad
The committee will examine the economic case for permitting direct listing of Indian companies overseas and listing of Indian companies on foreign bourses in India. It will examine various legal, operational and regulatory constraints in facilitating companies incorporated in India to directly list their equity share capital abroad and vice versa.
SEBI constitutes Group to facilitate the stock market listing of startups
Market regulator Securities and Exchange Board of India (SEBI) on June 12, 2018 constituted a Group to review Institutional Trading Platform (ITP) Framework to make stock market listing attractive for startups.
SEBI had put in place the ITP framework in 2015 with a view to facilitate listing of new age companies in sectors like e-commerce, data analytics, bio-technology and other startups. However, this framework failed to gain any traction.
Government approves revision of carpet area of houses eligible for interest subsidy under PMAY-U
The Union Ministry of Housing & Urban Affairs has approved a 33-per cent increase in the carpet area of houses eligible for interest subsidy under the Credit Linked Subsidy Scheme (CLSS) for the Middle-Income Group (MIG) under Pradhan Mantri Awas Yojana (Urban) (PMAY-U) to boost affordable housing.
With the revision, the carpet area of a house for Middle Income Group-I (MIG-I) has been increased from 120 sqm to 160 sqm and for MIG II, the area has been increased from 150 sqm to 200 sqm.
KVIC creates world record by distributing 2330 bee-boxes in one day
The Khadi and Village Industries Commission (KVIC) has created a world record of distributing maximum number of bee-boxes in one day under ‘Honey Mission’.
Speaking on the occasion, KVIC Chairman,Vinai Kumar Saxena, said that the ‘Honey Mission’ is aimed to fulfill the call of Prime Minister Narendra Modi, for a sweet Kranti. The Chairman further added that KVIC is the nodal agency of Prime Minister Employment Generation Programme (PMEGP) under which loans will be provided for setting up units of processing, bottling, packaging and labelling units for the honey.