Bima Vahak : IRDAI The Insurance Regulatory and Development Authority of India (IRDAI) has announced that the guidelines for the women-centric insurance distribution channel called “Bima Vahak” will become effective upon the launch of “Bima Vistaar,” an all-in-one standard insurance product currently under development. The primary objective of Bima Vahak is to establish a dedicated […]
Category: Economics Current Affairs
Mera Yuva Bharat : Approved
Mera Yuva Bharat : Approved The Union Cabinet, chaired by the Prime Minister of India has approved the establishment of an autonomous body Mera Yuva Bharat (MY Bharat). Mera Yuva Bharat is an autonomous body will benefit the youth in the age group of 15-29 years, in line with the definition of ‘Youth’ in the […]
Monetary Policy Committee Decisions: RBI
Monetary Policy Committee Decisions: RBI Reserve Bank of India (RBI) in its bimonthly Monetary Policy Committee (MPC) Meeting has retained benchmark interest rates unchanged for the 4th time in a row. The MPC kept the policy Repo Rate Unchanged at 6.50%. Key Highlights of the MPC Meeting: The RBI decided unanimously to keep the policy […]
52nd GST Council Meeting : Recommendations
52nd GST Council Meeting: Recommendations The 52nd GST Council Meeting made several important recommendations: Amendments in Appointment of GST Appellate Tribunals – in the conditions for appointing the President and Members of the proposed GST Appellate Tribunals. GST Rates for Millet Flour: GST rates for food preparation of millet flour in powder form, containing at […]
Accredited Social Health Activist : Planning For Incentives
Accredited Social Health Activist : Planning For Incentives The government is planning to give incentives to ASHA health activists for mobilising eligible individuals for sickle cell disease screening and distribution of sickle cell cards. ASHA is a trained female community health activist. ASHA workers are a core part of the National Rural Health Mission launched […]
Key Highlights Of The RBI Draft
Key Highlights Of The RBI Draft: Reserve Bank of India (RBI) in a recent draft proposed that lenders should classify a borrower as a wilful defaulter within six months of their account being declared a non-performing asset (NPA). Under the new regime, the lender must identify wilful defaulter borrowers within a specified six-month timeframe, whereas […]
Veer Gatha Project 3.0
Veer Gatha Project 3.0: The 3rd edition of the Veer Gatha Project saw active participation from over 1.36 crore school students across all 36 States and Union Territories in India. The project, initiated under the Gallantry Awards Portal (GAP) in 2021, aims to highlight acts of bravery by Armed Forces personnel and instil values of […]
Protein Binders Not Permitted: FSSAI
Protein Binders Not Permitted: FSSAI The Food Safety and Standards Authority of India (FSSAI) clarified that addition of protein binders in milk and milk products are not permitted. This clarification came at a time when certain players are adding protein binders to offer thicker texture in dairy products such as curd. Protein binders are biological […]
Payments Infrastructure Development Fund (PIDF) Scheme : RBI
Payments Infrastructure Development Fund (PIDF) Scheme : RBI Reserve Bank of India (RBI) recently extended the Payments Infrastructure Development Fund (PIDF) scheme by another two years and will include beneficiaries of the PM Vishwakarma scheme. Payments Infrastructure Development Fund (PIDF) Scheme was first launched by the RBI in January 2021 for a period of three […]
National Means-Cum-Merit Scholarship Scheme
National Means-Cum-Merit Scholarship Scheme: The Ministry of Education recently started online registration for the National Merit cum Means Scholarship Scheme for the year 2023-24. National Means-cum-Merit Scholarship Scheme (NMMSS) is a Centrally Sponsored Scheme launched in May, 2008. Objective: Award scholarships to meritorious students of economically weaker sections to arrest their dropout at class VIII […]
