Digital Payments Current Affairs

NITI Aayog signs SoI with Sushant Singh Rajput to promote Women Entrepreneurship Platform

NITI Aayog has signed Statement of Intent (SoI) with noted media personality and entrepreneur Sushant Singh Rajput to collaborate and support its flagship Women Entrepreneurship Platform (WEP) initiative. In his new role, actor turned entrepreneur will support NITI’s initiative for women entrepreneurs, to fund women-led startups to establish a vibrant, enabling entrepreneurial ecosystem for women of the country. He will also promote Bharat Interface for Money (BHIM) digital payments app for cashless economy by appearing in various video, print and social media campaigns of NITI Aayog. He will also support NITI Aayog in promoting Women Transforming India Awards 2018 with theme ‘Women and Entrepreneurship’.

Women Entrepreneurship Platform (WEP)

NITI Aayog had launched Women Entrepreneurship Platform (WEP) in March 2018 on the occasion of the International Women’s Day.

Objectives

  • Build ecosystem for women across India to realize their entrepreneurial aspirations, scale-up innovative initiatives and chalk-out sustainable, long-term strategies for their businesses.
  • Power vibrant entrepreneurial ecosystem through enabling network of industry collaborations, partnerships, mentors and peer-to-peer connect.

WEP helps aspiring women entrepreneurs in three different ways which is manifested as its three pillars. They are

  • Ichha Shakti: Motivating aspiring entrepreneurs to start their enterprise.
  • Gyaan Shakti: Providing knowledge and ecosystem support to women entrepreneurs to help them foster entrepreneurship.
  • Karma Shakti: Providing hands-on support to entrepreneurs in setting-up and scaling up businesses

Month: Categories: India Current Affairs 2018

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GST Council constitutes 2 Group of Ministers on digital payments and Cess on Sugar

The GST Council in its 27th meeting has constituted two Group of Ministers (GoM) to consider issues related to Incentivizing digital payments in GST regime & Imposition of Cess on Sugar under GST. Both GoMs will submit their reports within period of 15 days.

Key Facts

First GoM: It will consider the issues relating to incentivizing digital payments in GST regime. Sushil Kumar Modi, (Deputy Chief Minister, Bihar) is its convenor. Other members are Nitinbhai Patel (Dy. Chief Minister, Gujarat), Capt. Abhimanyu (Excise & Taxation Minister, Haryana), Dr. Amit Mitra (Finance Minister, West Bengal) and Shri Manpreet Singh Badal ( Finance Minister, Punjab).

Second GoM: It will consider issues relating to imposition of Cess on Sugar under GST.  Himanta Biswa Sarma (Finance Minister of Assam) is its convenor. Other members are Rajesh Agrawal (Finance Minister, Uttar Pradesh), Sudhir Mungatiwar (Finance Minister, Maharashtra), D. Jayakumar (Minister for Fisheries and Personnel & Administrative Reforms, Tamil Nadu) and Dr. T.M. Thomas Isaa (Finance Minister, Kerala).

Month: Categories: India Current Affairs 2018

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