What was the main purpose of the National Renewal Fund?
To provide assistance to cover the cost of retraining and redeployment of labour.
The National Renewal Fund (NRF) was set up by the Government of India in February 1992 in the wake of the economic reforms and liberalisation.
As industries were restructured and public sector units downsized, many workers faced retrenchment and job losses.
The NRF was created to provide funds to cover the cost of retraining and redeployment of such affected labour and to give compensation under voluntary retirement schemes.
It thus acted as a social safety net to cushion workers against the adverse effects of structural adjustment, and was not meant for foreign investment, external borrowings or disaster relief.
Hence, its main purpose was to provide assistance to cover the cost of retraining and redeployment of labour.
The National Infrastructure Pipeline was launched in India in ___.
Which railway zone became India's first to switch to compostable bioplastic on trains in August 2025?
In Union Budget 2025-26, Jal Jeevan Mission has been extended until _______.
"UDISE+" which was in news in February 2025, is related to which of the following sector?
The 8th India Water Week 2024 was held during 17-20 September 2024, in ______.
Plan allocation in agriculture and irrigation as percentage of total plan outlay was highest in:
Match List I with List-II and select the correct answer using the code given below the Lists:
List I (Major Objective) | List II (Five Year Plan) |
A. Faster and more inclusive growth | 1. First |
B. Faster, more inclusive, and sustainable growth | 2. Fifth |
C. Correction of disequilibrium caused by the Second World War | 3. Eleventh |
D. Attaining self-reliance | 4. Twelfth |
The call for Garibi Hatao was incorporated in
Which Five Year Plan of India focused on rapid industrialization based growth process?