The Union Cabinet has approved USD 808 million (INR 6,062.45 crore) for a new scheme 'Raising and Accelerating MSME Performance' (RAMP). The new scheme assisted by the World Bank is expected to commence in the financial year of 2022-23.
The Asian Development Bank (ADB) signed a loan agreement worth $2 million with the Indian Government to support the designing of climate-resilient urban infrastructure and strengthening institutional capacity and improving municipal resource mobilisation in Nagaland.
Ajay Kumar Sood, a member of the Prime Minister's Science, Technology and Innovation Advisory Council, has been appointed to the post for three years, replacing renowned biologist K Vijayaraghavan.