The Union Agriculture Minister launched new features of National Agriculture Market (e-NAM) platform amid the lockdown, which includes Warehouse based trading module in e-NAM software, FPO trading module in e-NAM where FPOs can trade their produce from the collection centre and enhanced version of logistic module.
e-NAM platform was launched in India on 14 April 2016 as a nation-wide electronic trade portal, which links APMCs across the state. 585 mandis in 16 States and 2 Union Territories have been integrated on e-NAM portal.
The Reserve Bank of India recently released some measures to deal with the consequence of the coronavirus pandemic. As per the new export norms, the exporters can take 15 months to realise their export proceeds, for exports made up to July 31 against the earlier 9 months.
RBI also increased the Ways and Means Advances limit for state governments and UTs by 30 % till September 30. It also said that the banks are not required to activate countercyclical capital buffers for one more year.
BharatPe partners with ICICI Lombard General Insurance to launch coronavirus insurance for merchants
Domestic payment company BharatPe has partnered with ICICI Lombard General Insurance to launch the country’s first coronavirus insurance cover for merchants.
The insurance policy which can be purchased from the BharatPe mobile application aims to cover about 40 lakh shop-keepers, who are more prone to the coronavirus infection amid the lock-down. The health cover pays out 100% of the sum insured if they are tested positive for the pandemic for a premium of ₹199 for a ₹25,000 cover for one year.