The Government has approved Rs. 945 Crore corpus for the fund, which will be divided over the next 4 years beginning April 01, 2021, for providing seed funding to eligible startups through eligible incubators across India.
The RBI has constituted a six-member panel to carry out comprehensive review of the working of Asset Reconstruction Companies in the financial sector ecosystem. The panel will be headed by former Executive Director of RBI, Sudarshan Sen.
The Union Government has reportedly decided to offer an advance payment of over Rs 4,500 crore to the Serum Institute of India (SII) and Bharat Biotech to secure future supplies of Covid-19 vaccines.
EXAMIANS