The Union Cabinet approved the GOBARdhan scheme with an outlay of ₹23,371 crore to accelerate the Compressed Bio-Gas (CBG) sector. The scheme aspires to increase domestic CBG production ten-fold and to mobilise large-scale private investment, giving a policy push to clean fuel derived from bio-resources.
The Union Cabinet approved ₹84,084 crore for the offshore exploration scheme 'Samudra Manthan'. Of this, ₹43,200 crore has been allocated for drilling 60 deepwater exploration wells. The scheme targets stepped-up hydrocarbon exploration in India's offshore and deepwater basins.
The HinduThe Centre extended the PM-Kisan scheme for four more years, allocating ₹3.15 lakh crore. Launched in February 2019, the scheme has transferred more than ₹4.47 lakh crore directly into farmers' bank accounts through 23 instalments. It provides income support to eligible farmer families via direct bank transfer.
The HinduThe government approved the introduction of one billion polymer banknotes in the ₹10 and ₹20 denominations. The RBI has informed that the procurement process is presently at an initial stage. The move marks India's adoption of polymer substrate for its lower-denomination currency notes.
The HinduThe government rolled out a foreign asset disclosure scheme for small taxpayers. Under it, a taxpayer pays 30% tax on the value of the declared undisclosed foreign asset or income, plus an additional amount equal to the tax — taking the effective levy to 60%. It offers a route to regularise previously undisclosed overseas holdings.
The HinduThe last seven days as one sheet — grouped by syllabus area, every figure worth memorising, and a quiz across the whole week.
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