 The Gujarat government launched a solar power scheme for farmers- Suryashakti Kisan Yojana (SKY)enabling them to generate electricity for their captive consumption as well as sell the surplus power to the grid and earn an extra buck. The announcement was made by the Chief Minister Vijay Rupani in Gandhinagar. As per the scheme, farmers having existing electricity connection will be given solar panels as per their load requirements. The State and Central governments will give 60% subsidy on the cost of the project. The farmer is required to take 5% cost, while 35% will be provided to him as an affordable loan with interest rates of 4.5-6%. |
| Source- The Hindu Business Line |
 IRDAI has formed a panel to review the regulations pertaining to insurance marketing firms. The committee is headed by Suresh Mathur, Executive Director (insurance marketing firms), IRDAI, with nine more members. The new distribution channel of insurance marketing firms was introduced in 2015 by IRDAI, with the objective of increasing insurance penetration in the country through an area-wise registration approach. The channel has now been in operation for three years. The committee will come up with recommendations before July 31, 2018, according to an order issued by IRDAI. |
| Source- The Hindu Business Line |
 The Securities and Exchange Board of India (SEBI) 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. The committee includes nine members. |
| Source- The Economic Times |
 The Centre has constituted a group of eminent persons headed by Bharat Forge’s Baba Kalyani to study the Special Economic Zones (SEZ) policy of the country and suggest measures to make it more relevant for exporters and compatible with World Trade Organisation (WTO) norms. The SEZ Act was passed in 2005 giving tax incentives to investors, but investments in the zone were subsequently brought under the ambit of Minimum Alternate Tax and Dividend Distribution Tax leading to a dwindling in the flow of money into the SEZs. |
| Source- The Hindu Business Line |
 The government has announced the launch of 'Krishi Kalyan Abhiyaan' under which farmers in select villages will be given assistance and advice on ways to improve farming techniques and raise their income. The Agriculture Ministry in line with the Prime Minister Narendra Modi’s vision of doubling farmers’ income by 2022 has launched the Krishi Kalyan Abhiyaan from 1st June to 31st July 2018. |
| Source- All India Radio (AIR News) |
 The Ministry of Human Resource Development has constituted a High Powered Committee to examine the entire system of conducting Class X and Class XII examination conducted by the CBSE with a view to prevent leakages. Mr Vinay Sheel Oberoi, Retd. Secretary (Higher Education), MHRD will be the Chairperson of the 7 member High Power Committee. |
| Source- Press Information Bureau (PIB) |
 The Income Tax Department has issued a new reward scheme titled “Benami Transactions Informants Reward Scheme, 2018” to seek people’s participation in the Income Tax Department’s efforts to unearth black money and to reduce tax evasion. The scheme is aimed at encouraging people to give information about benami transactions and properties as well as income earned on such properties by such hidden investors and beneficial owners. |
| Source- DD News |
 The Union Ministry of Culture introduced a new scheme called ‘Seva Bhoj Yojna’ to reimburse the central share of CGST and IGST on items for food/prasad/langar/bhandara offered free of cost by charitable religious institutions. The scheme has been launched for financial years 2018-19 and 2019-20 with a total outlay of Rs. 325.00 crores. |
| Source- DD News |
 The Fifteenth Finance Commission has constituted a High-Level Group consisting of eminent experts from across the country to examine the strengths and weaknesses for enabling balanced expansion of Health Sector.High-Level Group on Health Sector will have Convenor by Dr. Randeep Guleria, Director, AIIMS (New Delhi).
In the context of ambitious schemes like Ayushman Bharat and also keeping in mind the needs of the huge young population of the country, this is considered as an important step to understand the needs of the health sector in the country.
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| Source- DD News |
 Human Resource Development Minister Prakash Javadekar launched 'Samagra Shiksha scheme' for school education. The scheme focuses on improving quality of education, enhancing the Learning outcomes and using technology to empower children and teachers. |
| An annual grant of 5,000 to 20,000 rupees will be provided for strengthening libraries in schools. The scheme will be focused on digital education. Samagra Shiksha is a program that unifies learning from the pre-school to class 12 levels and encapsulates elements of the Sarva Shiksha Abhiyan, Rashtriya Madhyamk Shiksha Abhiyanand teacher education. |
| Source- DD News |
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