Power Generating From Defunct Gold Mines: An Australian renewable-energy company Green Gravity has proposed a scheme to generate electricity from the defunct Kolar Gold Fields (KGF), in Karnataka, using Low-Tech Gravity Technology. The plan is to find defunct mines, which often go hundreds or thousands of meters deep, and haul a Weighted Block, that may […]
Category: Economics Current Affairs
Employees Provident Fund Organization (EPFO) : Report
Employees Provident Fund Organization (EPFO) : Report Reports suggest that most of EPFO’s equity investments are routed into Nifty 50 stocks, including Adani Enterprises and Adani Ports & SEZ. Employees’ Provident Fund Organization (EPFO) is under the administrative control of the Ministry of Labour and Employment, Government of India. It is one of the World’s […]
Regional Search And Rescue Exercise : Indian Coast Guard
Regional Search And Rescue Exercise : Indian Coast Guard The Indian Coast Guard recently conducted a Regional Search and Rescue exercise in Kakinada, Andhra Pradesh, to simulate a real-time maritime distress scenario and highlight the functioning of the Search and Rescue organization (SAR) for a mass rescue operation. The exercise involved all stakeholders and effectively […]
Captive Employment
Captive Employment: The Ministry of Rural Development has launched a new initiative called “Captive Employment” under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) program. Captive employers are any Employer or Industry that provides employment to candidates in their own organization or one of its subsidiaries and has suitable in-house training facilities. It aims to […]
Letter of Comfort (LoC)
Letter of Comfort (LoC): The Finance Ministry recently asked central public sector undertakings (CPSUs) to issue letters of comfort (LoCs) based on their own financial strength. An LoC is a letter issued to a lending institution by a stakeholder of the company acknowledging the support of the attempt for financing asked by that company. They […]
Jharniyojan Portal : Jharkhand Govt
Jharniyojan Portal : Jharkhand Govt The Jharkhand government has launched a portal called ‘Jharniyojan’ to ensure 75% local quota in pvt sector The portal requires: All private establishments in the state register themselves. Employers to adhere to the ‘Jharkhand State Employment of Local Candidates in Private Sector Act, 2021 The act reserves 75% of jobs […]
Kudumbashree And Project Unnati
Kudumbashree And Project Unnati: The President attended celebrations of Kudumbashree and Project Unnati-associated events in Kerala. Kudumbashree, the Kerala State Poverty Eradication Mission was launched in May 1998. It was inaugurated by the Prime Minister, Shri Atal Bihari Vajpayee. Objective: to eradicate absolute poverty within a definite time frame of 10 years under the leadership […]
Trade Receivables Discounting System (TReDS) Platform
Trade Receivables Discounting System (TReDS) Platform: The Reserve Bank of India (RBI) Governor recently said that the TReDS platform introduced in 2014 for MSMEs to finance or discount their invoices — finances around 35,000 factoring units (FUs) monthly. Trade Receivables Discounting System (TReDS) platform is an electronic platform for facilitating the financing/discounting of trade receivables […]
PM MITRA Parks For The Textile Industry
PM MITRA Parks For The Textile Industry: The Government of India recently announced the sites for setting up of 7 PM Mega Integrated Textile Regions and Apparel (PM MITRA) Parks for the Textile industry. Seven sites were chosen out of 18 proposals for PM MITRA parks which were received from 13 States. The Parks will […]
New Chairperson Of The PFRDA
New Chairperson Of The PFRDA: The Central government recently appointed the new Chairperson of the Pension Fund Regulatory and Development Authority(PFRDA). Centre appoints Deepak Mohanty as PFRDA Chairperson Pension Fund Regulatory and Development Authority (PFRDA) is a statutory regulatory body set up under PFRDA Act enacted in 2014. Objective is to promote old age income […]
