CrackitToday App

India – Seychelles Relations

India – Seychelles: PM Modi and Seychelles President jointly inaugurate several Indian projects in Seychelles. Prime Minister Narendra Modi has said that Seychelles is central to India’s vision of ‘SAGAR’ – ‘Security and Growth for All in the Region’. During times of need, India was able to supply essential medicines and 50,000 doses of Made […]

Monetary Policy : Short Term Lending Rate Or The Repo Rate Unchanged

Monetary Policy: Short Term Lending Rate Or The Repo Rate Unchanged: The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep its short-term lending rate or the repo rate unchanged at 4 percent, in line with market expectations. Announcing the monetary policy, RBI Governor said the central bank will maintain its ‘accommodative […]

PLI Scheme For White Goods (Air Conditioners And LED Lights)

Production Linked Incentive (PLI) Scheme For White Goods (Air Conditioners And LED Lights): The Union Cabinet approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) with a budgetary outlay of Rs. 6,238 crore. The PLI Scheme for White Goods shall extend an incentive of 4% to 6% on incremental […]

India And Japan MoU for Academic and Research Cooperation and Exchange

MoU Signed Between India And Japan: The Union Cabinet is apprised of an MoU signed between National Atmospheric Research Laboratory (NARL), Dept of Space, Government of India and Research Institute for Sustainable Humanosphere (RISH), Kyoto University, Kyoto, Japan for Academic and Research Cooperation and Exchange in November 2020. This MoU shall enable NARL and RISH […]

Italian Marines Case : Application To Close The Criminal Trials

Italian Marines Case:: The government has asked the Supreme Court to schedule an urgent hearing of its application to close the criminal trials pending in India against two Italian marines accused of killing two fishermen off the coast of Kerala in 2012. Girone and Latorre, who were detained on the Italian ship Enrica Lexie, allegedly […]

Government Security Acquisition Programme (G-SAP) 1.0

Government Security Acquisition Programme (G-SAP) 1.0: The Reserve Bank of India (RBI) has put in place a secondary market Government Security Acquisition Programme (G-SAP) 1.0 for orderly evolution of the yield curve in FY22. Under the programme, the central bank will purchase government bonds of worth Rs 1 trillion (or one lakh crores of rupees). […]