National Social Assistance Programme (NSAP): The Centre must increase the “meagre” pensions provided for poor senior citizens, widows, and disabled people said the Parliamentary Standing Committee on Rural Development in its report submitted to the Lok Sabha. The Committee observed that under the National Social Assistance Programme (NSAP), meagre amount of assistance ranging from ₹200 […]
Category: Economics Current Affairs
Rationalisation Of Both Freight And Passenger Fares
Rationalization Of Both Freight And Passenger Fares: The Parliamentary Standing Committee on Railways has suggested rationalisation of both freight and passenger fares. The losses incurred by the railways in passenger services purportedly due to the social service obligations which include pricing tickets at fares lower than costs and passenger concessions. The railways incur losses to […]
Digital Payment Scorecard by MeitY : Key Points
MeitY Digital Payment Scorecard: The Ministry of Electronics & Information Technology (MeitY) has released the list of “Digital Payment Scorecards”. In the list, the State Bank of India (SBI) has topped for the third consecutive months. The digital payment scorecard tracks the performance of the Commercial Banks on several digital parameters. SBI maintained the top […]
What is Haryana’s Quota Law?
Haryana’s Quota Law: The Haryana State Employment of Local Candidates Bill, 2020 requires private companies to set aside for domiciles 75% of jobs up to a monthly salary of Rs 50,000 or as may be notified by the government from time to time. The law is applicable to all the companies, societies, trusts, limited liability […]
OPEC and OPEC Plus Difference
The Opec: OPEC+ has agreed not to increase supply in April as they await a more substantial recovery in demand amid the COVID-19 pandemic. Crude prices rose after the announcement and are up 33% this year. India is the world’s third-biggest oil importer. India imports about 84% of its oil and relies on West Asian […]
Amendment in Insurance Ombudsman Rules 2021
Amendment In Insurance Ombudsman Rules: The government has amended insurance ombudsman rules. As per the new rules: Insurance brokers are now covered under ombudsman rules. Policyholders are now allowed to file online complaints. The scope of complaints has been enlarged to ombudsmen from only disputes earlier to deficiencies in service on the part of insurers, […]
Central Revenues Control Laboratory (CRCL) : Regional Customs Laboratory (RCL)
Central Revenues Control Laboratory (CRCL): Central Revenues Control Laboratory (CRCL), New Delhi was recognized as a Regional Customs Laboratory (RCL) of the World Customs Organisation (WCO) for the Asia-Pacific Region. Central Revenues Control Laboratory (CRCL), New Delhi is under the administrative control of the Central Board of Indirect Taxes & Customs. Established in 1939, […]
Formation & Promotion of 10,000 FPOs – Key Points
‘Formation & Promotion of 10,000 Farmer Produce Organizations (FPOs): The Ministry of Agriculture and Farmers Welfare celebrated the first anniversary of the Central Sector Scheme titled ‘Formation & Promotion of 10,000 Farmer Produce Organizations (FPOs)’. In February 2020, at Chitrakoot (Uttar Pradesh) with a budgetary provision of Rs. 6865 crore. More than 2200 FPOs produce […]
Second Advance Estimates Of National Income 2020-21
Second Advance Estimates Of National Income, 2020-21: The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation has released the Second Advance Estimates of National Income, 2020-21 at Constant (2011-12) and Current Prices. The growth in GDP during 2020-21 is estimated at -8.0 percent as compared to 4.0 percent in 2019-20. GDP at Current […]
Competition Commission Of India : Regional Office (South) in Chennai
Competition Commission of India (CCI): Union Minister for Finance and Corporate Affairs inaugurated the Competition Commission of India’s (CCI) Regional Office (South) in Chennai. Status: A statutory body established under the provisions of The Competition Act, 2002. Established in: 2003. A Chairperson and 6 Members appointed by the Central Government. Headquarters: New Delhi. Preceding agency: […]
