Monetary Policy Report: RBI The Reserve Bank of India (RBI) has released the Monetary Policy Report (MPR) for the month of October 2021. It kept the policy rate unchanged for the Eighth time in a row maintaining an accommodative stance till the recovery is durable. Unchanged Policy Rates: Repo Rate – 4%. Reverse Repo Rate […]
Day: October 10, 2021
India And China Patrols Face Off In Tawang
India And China Patrols Face Off In Tawang: Chinese soldiers were detained, let off later. Face-offs occurred because of the differing areas of perception due to the demarcated boundary, and as both sides undertook patrolling activities up to their line of perception. Tawang was historically part of Tibet. The 1914 Simla Accord defined the McMahon […]
Stubble Burning
Stubble Burning: The Commission for Air Quality Management has said that a reduction in the area under paddy cultivation in Haryana, Punjab and Uttar Pradesh, as well as a shift away from paddy varieties that take long to mature, could see a reduction in stubble burning this year. Reasons for this: The total paddy area […]
Palk Bay Scheme
Palk Bay Scheme: The Union Government is considering increasing the unit cost of deep-sea fishing vessels under the Palk Bay scheme to make it more attractive to fisherfolk. Palk Bay scheme: Launched in July 2017 under the Blue Revolution programme. The scheme is financed by the Union and the State Governments with beneficiary participation. It […]