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DAILY NEWS ANALYSIS

  • 27 June, 2020

  • 2 Min Read

Animal Husbandry Infrastructure Development Fund 

Animal Husbandry Infrastructure Development Fund

Cabinet Committee on Economic Affairs has given its nod to set up an Rs.15,000 crore Animal Husbandry Infrastructure Development Fund. The fund had been proposed as part of the Aatmanirbhar Bharat. Eligible beneficiaries under the scheme include the following with a minimum 10% margin money contribution by them,

  • Farmer producer organisations,
  • MSMEs,
  • Section 8 companies,
  • Private companies and
  • Individual entrepreneurs

The balance of 90% would be the loan component to be made available by scheduled banks. The Centre will provide a 3% interest subvention to eligible beneficiaries, with a 2-year moratorium period for the principal loan amount and a six-year repayment period after that.

Source: PIB


Competition Commission of India (CCI)

Competition Commission of India has selected Ansuman Pattnaik as the new head of its investigation’s unit recently. The Competition Commission of India (CCI) is a statutory body within the Ministry of Corporate Affairs. It was established in 2003, but became fully functional in 2009. The CCI aims to establish a

Connected Lending (CL)

RBI’s move to consolidate the scattered laws on connected lending is welcome. CL refers to persons who are in the position to control the decision of the lender. CL is the extension of credit to individuals or firms connected through ownership or the ability to exert control, whether direct or indirect. CL refers to cases where the

Cosmic Distances

No human probe has travelled much beyond the Solar System, yet we are able to measure distances across billions of light-years. The space beyond Earth is so incredibly vast that units of measure, which are convenient in everyday lives, can become gigantic. Distances between the planets, and especially between the stars, become so big when e

Devil Comet

Mount Everest-sized Devil comet hurtling in Earth’s direction could explode today. Pons-Brooks Comet - Comet 13P/Pons-Brooks, also called the Devil Comet, is about the size of Mount Everest and it is hurtling towards Earth. After an outburst in July, scientists believe that the comet could explode once again today. Ice volcanoe

Kakad Bhairav or Bhilat Baba BHILS

A stone deity worshipped by the Bhils in Madhya Pradesh’s Bagh was recently proved to be a fossilized dinosaur egg. Just like their ancestors worshipped ancient stones as deities, generations of Bhils had worshipped this sunbaked, reddish-brown Kakad Bhairav or Bhilat Baba. Sacrifices of chickens and sheep marked their whispered pleas

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