Emergency Credit Line Guarantee Scheme Context: The Union Budget for 2022-23 has announced several measures for the micro, small and medium enterprises (MSMEs) sector that included extension of the Emergency Credit Line Guarantee Scheme (ECLGS) till March 2023. Background: Union Finance Minister […]
Budgetary Allocation to MEA Context: The Budget has allocated funds for projects related to Afghanistan. The Ministry of External Affairs will have ₹200 crore to spend on Afghanistan. The MEA will also dedicate ₹600 crore for Myanmar which is currently reeling from a civil war […]
GIFT City Context: Taking forward its efforts to further promote the International Financial Services Centre (IFSC) in Gujarat, the government has proposed Income Tax incentives to promote various business activities such as ship leasing and financing, offshore fund management and offshore banking activities […]