Logistics Agreements: India is all set to conclude the bilateral logistics agreement with Russia (the Reciprocal Exchange of Logistics Agreement (RELOS)) soon. RELOS will be an important step forward in the military sphere as it aims at fostering interoperability and sharing of logistics. The “long overdue” agreement was to have come up for signing in […]
Category: Economics Current Affairs
Bank Deposit Insurance Program
Bank Deposit Insurance Program: The Central government has highlighted the significance of increase in bank deposit insurance cover, in case of problems occurring such as closure, from Rs 1 lakh to Rs 5 lakh. PM Modi is to address the nation on Bank Deposit Insurance. Earlier, there used to be a bank deposit insurance cover […]
Bullion Trade in India Report: World Gold Council
World Gold Council: As per WGC’s ‘Bullion Trade in India’ report: Imports made up 86% of India’s gold supply between 2016-2020, and inbound shipments continue to grow despite high import duty. Since the first duty hike in 2012, India has imported some 6,581 tonnes of gold, averaging 730 tonnes per annum. In 2020, India imported […]
UPI To Be Extended to Feature Phones
Unified Payments Interface (UPI): The UPI facility will soon be extended to feature phone users. At the moment, the unified payments interface (UPI) — the single largest retail payments system in the country in terms of volume of transactions for small-value payments — is available only for smartphones. RBI is doing this to further deepen […]
Status Quo in Key Policy Rates: MPC
Monetary Policy: The Reserve Bank of India maintained status quo in key policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at four percent to keep the stance accommodative. While announcing the Bi-monthly Policy, RBI Governor Shaktikant Das said, Marginal Standing Facility (MSF) rate and bank rate will […]
PANEX-21
PANEX-21: A Curtain Raiser Event for Humanitarian Assistance and Disaster Relief exercise, PANEX-21, for the member nations of BIMSTEC countries, was held in New Delhi on 07 December 2021. The exercise is planned to be conducted from 20-22 December 2021 at Pune and will witness participation from subject matter experts and delegates from India, Bangladesh, […]
Kasturirangan Committee Report
Kasturirangan Committee Report: Karnataka Chief Minister Basavaraj Bommai informed the Centre that the state is opposed to the Kasturirangan Committee report on Western Ghats. He said that declaring Western Ghats as ecologically sensitive zone would adversely affect the livelihood of people in the region. However, the experts called the state’s opposition disastrous for the ecologically […]
Ship Acquisition, Financing And Leasing (SAFAL)
Ship Acquisition, Financing And Leasing (SAFAL): The report titled Ship Acquisition, Financing and Leasing (SAFAL) was submitted by the Committee for Development of Avenues for Ship Acquisition, Financing and Leasing to the International Financial Services Centres Authority (IFSCA). The Committee was constituted by IFSCA in June 2021 with representatives from the Government of India, Gujarat […]
Poshan Tracker
Poshan Or Nutrition Tracker: The Ministry of Women and Child Development has spent over ₹1,000 crore on its Poshan or Nutrition Tracker, which records real-time data on malnourished and ‘severe acute malnourished’ children in each anganwadi. But four years since its launch, the Government is yet to make the data public. Government officials have cited […]
PM MITRA Parks
PM MITRA Parks: The Government has approved setting up of 7 PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks in Greenfield/Brownfield sites with an outlay of Rs. 4445 cr for a period of seven years upto 2027-28. Government of India is implementing the Scheme for Integrated Textile Park (SITP) which provides support for […]
