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 […]
Category: Economics Current Affairs
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 […]
SUGAM REC App
SUGAM REC App: REC Limited, the Maharatna Central Public Sector Enterprise launched a SUGAM REC mobile application. SUGAM REC App is exclusively for current and future investors in REC’s 54EC Capital Gain Tax Exemption Bonds. Investors will be able to download their e-bond certificates, apply for fresh investment, download important forms related to updating of […]
Card-on-File Tokenisation : Reserve Bank Of India
Card-on-File Tokenisation : Reserve Bank Of India The Reserve Bank of India (RBI) proposed to introduce Card-on-File Tokenisation (CoFT). Card-on-File transaction is where in cardholders authorizes merchants to store their payment information securely and bill cardholders’ stored accounts for future purchases. Tokenisation refers to replacement of actual credit and debit card details with an alternate […]
National Turmeric Board : Established
National Turmeric Board : Established The Government of India has established the National Turmeric Board. As India is the world’s largest producer (75% of global turmeric production), consumer, and exporter of turmeric, this move aims to enhance the development and expansion of the turmeric industry within the country. The Board will consist of a Chairperson […]
Dr M S Swaminathan: Passed Away
Dr M S Swaminathan: Passed Away Mankombu Sambasivan Swaminathan (MS Swaminathan) (1925 to 2023) who passed away recently, played a crucial role in heralding the Green Revolution that helped India combat food insecurity. MS Swaminathan Birth date: August 7, 1925. Birth Place: in Kumbakonam, Tamil Nadu. Swaminathan brought a social revolution through his policies to […]
20th Edition Of The Times Higher Education (THE) World University Rankings 2024
20th Edition Of The Times Higher Education (THE) World University Rankings 2024: 20th Edition of the Times Higher Education (THE) World University Rankings 2024 have been released, in which as many as 91 Indian institutes have secured a place. The 2024 rankings include 1,904 universities from 108 countries and regions. The 2024 Rankings comprehensively assess […]
