Interest Subvention on short term agriculture loans: The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved to restore Interest Subvention on short term agriculture loans. Key Points: Interest Subvention of 1.5 per cent will be provided to lending institutions including ...
Pradhan Mantri Awas Yojana (Urban): The Union Cabinet recently approved the proposal of Ministry of Housing Affairs (MoHUA) for the extension of Pradhan Mantri Awas Yojana (Urban) (PMAY-U) till December, 2024. Key Highlights: The (PMAY-U)-Housing for All Mission was launched in June 2 ...
National Conference of Rural Cooperative Banks: Union Home and Cooperation Minister Amit Shah recently inaugurated the day long National Conference of Rural Cooperative Banks. Key Points: The conference was organized by the Ministry of Cooperation and the National Federation of State Cooper ...
Microsoft Joins ONDC: US-based tech giant Microsoft has become the first international company to join the Open Network for Digital Commerce (ONDC)a government-backed project. Key Points: Microsoft plans to introduce social e-commerce in the country. The American tech giant is expected to ...
FPI Advisory Committee (FAC): The Securities and Exchange Board of India (SEBI) has constituted an expert group of Foreign Portfolio Investors (FPIs) to boost overseas flows into the country. Key Points: The FPI Advisory Committee (FAC) will be chaired by former Chief Economic Adviser KV Su ...
NITI Aayog Governing Council Meeting: The 7th Governing Council meeting chaired by Prime Minister Narendra Modi was recently held at Rashtrapati Bhawan Cultural Centre in New Delhi. Key Highlights: It was the first in-person meeting of the council since July 2019. The meeting was attended ...
RBI Monetary Policy 2022: The Reserve Bank of India (RBI), on 5 August 2022, announced Monetary Policy Review. Key Details: On the basis of assessment of current and evolving macroeconomic situation, in its latest policy iteration, RBI’s Monetary Policy Committee (MPC), headed by RBI Gov ...
Power Sector’s Revamped Distribution Sector Scheme: Prime Minister Narendra Modi launched the Power Ministry’s flagship Revamped Distribution Sector Scheme. Key Highlights: Mr Modi unveiled the scheme during a programme marking the culmination of ‘Ujjwal Bharat Ujjwal Bhav ...
International Bullion Exchange IIBX: Prime Minister Narendra Modi on the 29th of July 2022 launched ‘India International Bullion Exchange (IIBX)’, at the Gujarat International Finance Tec-City (GIFT City) near Gandhinagar, Gujarat. Key Points: IIBX is India’s first intern ...
Merger of BSNL- BBNL: The Union Cabinet recently approved the merger of Bharat Broadband Network Limited (BBNL) with the Bharat Sanchar Nigam Limited (BSNL). Key Points: Through this merger, BSNL will get an additional 5.67 lakh kilometres of optical fibre. 67 lakh kilometre of optical fibr ...
BIS CERTIFICATION FOR SAFETY OF TOYS: Bureau of Indian Standards (BIS), the national standards body of India has published 10 Indian Standards on safety aspects of Toys related to physical safety, safety against chemicals, flammability, electrical safety, etc. Key Points: These standards pr ...
Hindustan Power Exchange (HPX): Hindustan Power Exchange (HPX), the third power exchange in the country was launched recently. Key Points: It is backed by BSE and Power Trading Corporation (PTC). PTC India and BSE Investment hold 25 percent each in HPX, while 9.9 percent is held by ICICI ...
Jute Mark India (JMI) Logo: The logo for Jute Mark India (JMI) Logo was recently unveiled by the Union Government. Key Points: It is an initiative to promote Indian jute products and protect their identity. The logo will act as “certification of authenticity” for jute products ...
Natural Farming Conclave: Prime Minister Narendra recently addressed the ‘Natural FarmingConclave’ through Video conferencing, in New Delhi. Highlights: The conclave was organized at Surat, Gujarat, through virtual mode on July 10, 2022. The conclave witnessed the participatio ...
The US Dollar Index, which measures the greenback’s exchange rate against 6 major global currencies, recently surpassed its 20-year high. Three macro-economic developments have propelled the Dollar Index upwards. Three macro-economic developments US consumer price inflation ...
Critical Information Infrastructure: The Union Ministry of Electronics and IT (MeitY) has declared IT resources of ICICI Bank, HDFC Bank and UPI managing entity National Payment Corporation of India (NPCI) as ‘critical information infrastructure’ (CII). Key Points: They have bee ...
Centre of Excellence for Khadi (CoEK): The Centre of Excellence for Khadi (CoEK)was recently inaugurated by the Union Minister for Micro, Small, and Medium Enterprises (MSMEs) Shri Narayan Rane. Key Points: Khadi and Village Industries Commission has collaborated with the National Institute ...
Abolishment of NOCC Charges by DoT: The Department of Telecommunications (DoT) has recently abolished the network operation and control center (NOCC) charges. Key Points: The order shall be effective from April 1, 2022. DoT has removed The NOCC charges for the use of space segments for al ...
L&T Infotech and Mindtree Merger: Larsen & Toubro (L&T) recently announced the merger of its two independently listed IT services companies - Larsen & Toubro Infotech (LTI) and Mindtree. Key Points: This merger is in line with L&T's strategy of becoming more service- ...
RBI’s First Rate Hike In 4 years, What Becomes Costly? The RBI has increased the repo rate upto 4.40 per cent from 4 per cent earlier while the cash reserve ratio (CRR) has been hiked by 50 basis points to 4.5 per cent The Reserve Bank of India on Wednesday announced a hike in the repo r ...
Direct tax Collections Surged To ₹ 14.09 Lakh Crore In 2021-22 Direct tax collections surged to ₹ 14.09 lakh crore in 2021-22 registering a year-on-year growth of 49.02 per cent Bhubaneswar (Odisha): Direct tax collections surged to ₹ 14 ...
AVSAR Scheme: Airport Authority of India (AAI) recently launched the AVSAR scheme to encourage the talent of women, artisans, and craftsmen and provide them with the right opportunities. Note: AVSAR stands for 'Airport as Venue for Skilled Artisans of the Region' Key Points: ...
Sri Lanka is facing an economic and political crisis. (CNN)Sri Lanka, an island nation of 22 million, is facing an economic and political crisis, with protesters taking to the streets in defiance of curfews and government ministers stepping down en masse. Driving the discontent is the wor ...
New Delhi: Petrol and diesel prices have yet again risen by another 80 paise a litre on Wednesday. The rise in prices of the fuel in the past 16 days has made petrol and diesel dearer by Rs 10 a litre. This is the 14th increase in prices since the ending of a four-and-half-month long ...
Disruptions to supplies of commodities, financial strains and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in coming months, the World Bank says in a report released Tuesday. The report forecasts slower growth and rising poverty in the Asia-Pa ...
"People must put their party, race, religion aside. We need to come together as a nation and tackle the situation. That's the way I think it should happen," Muralitharan told Zee Media in an exclusive interview. Sri Lanka cricket great Muttiah Muralitharan has opened up on the econo ...
Reserve Bank Innovation Hub (RBIH): The Governor, Reserve Bank of India (RBI), Shri Shaktikanta Das inaugurated the Reserve Bank Innovation Hub (RBIH) onMarch 24, 2022 in Bengaluru. Key Points: The RBI has set up the RBIH as a Section 8 company under the Companies Act, 2013. The hub has b ...
Gulf Business & Investment Summit: Delegates from 33 companies from the United Arab Emirates (UAE), Saudi Arabia and Hongkong recently arrived in Srinagar to instill confidence and familiarize with the “growing conducive situation in J&K for investments. It will also see that the ...
GEM India Report-21-22: Global Entrepreneurship Monitor (GEM) recently released the Global Entrepreneurship Monitor (GEM) India Report (21-22). Key Points: As per the report, India’s entrepreneurial activity expanded in 2021. According to the report, its Total Entrepreneurial Activi ...
Credit Guarantee Scheme for Subordinate Debt (CGSSD): The Union Government has extended the Credit Guarantee Scheme for Subordinate Debt (CGSSD) for Stressed Micro, Small and Medium Enterprises, (MSMEs) up by one more year till March 31, 2023. The decision of extension was made on the basis of ...
