Union Government releases Commemorative Coin & Circulation Coin on Maharana Pratap.
On 9 May 2016 the Union Government released a commemorative coin of hundred rupees and a circulation coin of ten rupees on Maharana Pratap. The coin was released as a part of 475th Birth Anniversary celebrations of Maharana Pratap.
Ministry of Environment & Forests launches web-based application on Integrated Waste Management System.
On 9 May 2016 the Ministry of Environment and Forests launched a web-based application on Integrated Waste Management System (IWMS). The system’s web address is www.iwms.nic.in.
Asia's first Rice Technology Park to be established in Gangavati, Karnataka.
In the first week of May 2016 the Karnataka Government decided to establish Asia’s first-ever Rice Technology Park at Gangavati in Koppal district. Besides, a Maize Technology Park will also be established at Ranebennur in Haveri district.
The rice park is being established at Navali-Karatagi villages on the outskirts of Gangavati, and the maize park is to be come up in the APMC market yard at Ranebennur.
RBI releases consultation paper on Peer to Peer lending to classify it as NBFC.
Peer to peer (P2P) lending is a form of crowd -funding which can be defined as the use of an online platform that matches lenders with borrowers in order to provide unsecured loans.
On 28 April 2016 the Reserve Bank of India (RBI) released consultation paper on P2P lending to classify it as Non-Banking Financial Company (NBFC).
