1) Enemy properties: The first batch of 31 enemy properties spread across Uttar Pradesh were identified and listed for sale.
- Enemy property refers to property or assets held or managed on behalf of an enemy subject or an enemy company.
- To administer these properties, the Enemy Property Act was enacted in 1968.
- The law empowered the Custodian of Enemy Properties in India (CEPI), under Ministry of Home Affairs, to manage and preserve the enemy properties.
- In 2017, The Enemy Property (Amendment and Validation) Act was enacted which allows transfer of enemy property from the enemy to other persons
2) PMSVANidhi Scheme: Recently, PM SVANidhi achieved target of covering 50 Lakh Street Vendors.
- It is Central Sector Scheme i.e. fully funded by Ministry of Housing and Urban Affairs.
- Objective:
- to facilitate working capital loan up to Rs 10,000;
- to incentivize regular repayment;
- to reward digital transactions.
- Salient Features:
- Loan tenure of 1 year on working capital
- Interest Subsidy at 7% p.a. on timely repayment, paid quarterly
- Monthly cash-back incentive on digital transactions
- Higher loan eligibility on timely/early repayment of the first loan
- Covers urban local bodies across the country.
3) National Investment and Infrastructure Fund (NIIF): NIIF has entered into a collaboration with Japan Bank for International Cooperation (JBIC) to unveil a $600 million India-Japan Fund.
- The fund will have JBIC and Government of India as anchor investors.
- About NIIF
- Anchored by the Government of India, it is a collaborative investment platform for international and Indian investors.
- Three funds have been established by the Government under the NIIF platform: Master Fund, Fund of Funds and Strategic Opportunities Fund.
- The objective of National Investment and Infrastructure Fund is to invest largely in equity and equity-linked instruments.
4) Cape Town Convention (CTC): Ministry of Corporate Affairs has notified that some provisions of the Insolvency and Bankruptcy Code (IBC) would not apply to aircraft, their engines, airframes, and helicopters.
- It will make easier to recover assets especially aircraft and engines even when an airline goes through insolvency.
- With recent notification, the Indian government has officially adopted the Cape Town Protocol & Convention.
- This Convention aims to achieve efficient financing of high value mobile equipment, like airframes, helicopters and engines.
- India became party to the convention in 2008
