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Accreditation Of Higher Educational Institutions: NAAC

Accreditation Of Higher Educational Institutions:   The National Assessment and Accreditation Council (NAAC) has relaxed the eligibility criteria for accreditation of higher educational institutions. The new guidelines drawn up by the NAAC, which is an autonomous body under the UGC, allow newer institutions — those with one academic year or more — to apply for […]

Grants For Non-Million Plus Cities

Grants For Non-Million Plus Cities:   Department of Expenditure, Ministry of Finance released an amount of 1154.90 crore rupees to four states for providing grants to Urban Local Bodies. The States to which grants were released are Andhra Pradesh, Bihar, Gujarat, and Sikkim. The grants released are meant for Non-Million Plus cities including Cantonment Boards. […]

Russia Exclusion From SWIFT?

Society For Worldwide Interbank Financial Telecommunication (SWIFT):   As tensions exacerbate between Washington and Moscow over Ukraine, political commentators say that the United States could, as a last resort, exclude Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT). If a country is excluded from the most participatory financial facilitating platform, its foreign funding […]

Status Quo in Monetary Policy Rates

Monetary Policy:   The Reserve Bank of India maintained status quo in policy rates as the Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate at 4% to keep the stance accommodative. While announcing the Bi-monthly policy RBI Governor Shaktikant Das said, MSF rate and bank rate will remain unchanged at 4.25%. […]