Indian Railway Finance Corporation

The Initial Public Offering (IPO) of Indian Railway Finance Corporation (IRFC) got 65% subscription on the first day of bidding. Earlier, Indian Railway Catering and Tourism Corporation Ltd. held an IPO on the National Stock Exchange in 2019. Key Points First Issue: It is the first IPO in the calendar year 2021 and the first public issue by a railway non-banking financial company.

Rooftop Solar Scheme

Recently, the Ministry of New and Renewable Energy (MNRE) has released an advisory on the rooftop solar scheme. Key Points Objective: To generate solar power by installing solar panels on the roof of the houses, the Ministry of New and Renewable Energy is implementing Grid-connected Rooftop Solar Scheme (Phase II). Grid-Connected Rooftop Solar Scheme (Phase II): It aims to achieve a

Crowdfunding for Rare Diseases

Recently, the Delhi High Court has ordered the Ministry of Health and Family Welfare to explore Crowdfunding to help two children, who are suffering from a Rare Disease known as Duchenne Muscular Dystrophy. Key Points Constitutional Provision Involved: The HC held that ‘Right to Health and Healthcare’ is a fundamental right which has been recognised by the Supreme Court to be a part of the ‘Right to life’ under Article 21 of

North East Venture Fund

The Ministry of Development of North-East Region has recently given an update on the scheme North East Venture Fund. Key Points About: Set up by North Eastern Development Finance Corporation Limited (NEDFi) in association with the Ministry of Development of North Eastern Region (M-DoNER), the North East Venture Fund scheme was launched in September 2017. It is the first dedicated venture capital fund for

Indian Star Tortoise

Recently, Indian star tortoises were seized while being smuggled from Andhra Pradesh to Odisha. Key points Habitat: Indian star tortoise is found across the Indian sub-continent, more specifically, in the Central and Southern parts of India, in West Pakistan and in Sri Lanka. Protection Status: Wild Life Protection Act 1972: Schedule IV Schedule IV: This list is for species that are not endangered. It includes protected species but the

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