STARTUP INDIA SEED FUND Prime Minister Narendra Modi announced launching of Startup India seed fund with 1,000 crore rupees so that there is no shortage of seed money for startups. About: This was announced during the ‘Prarambh: Startup India International Summit’. This will help in starting and growing new startups. Fund of funds scheme is already helping startups raising equity capital. The Government will also help the startups in raising capital through guarantees. IRON-ORE POLICY 2021 The Ministry of Railways has approved a new iron-ore policy governing the allocation of rakes and transportation of iron-ore. About: This new policy has been named as Iron-ore Policy 2021 and shall come into effect from February 10, 2021. The provisions of the new policy will be updated in the rake allotment system module by the Centre for Railway Information Systems (CRIS). Scrutiny of documentation by Railways has been removed. Executive Director Rake Movement of Railway Board (EDRM) office, ...