Guidelines For Coaching Centre: The Ministry of Education has sent to states/UTs for consideration guidelines for coaching centres. Key features of the Guidelines: Registration of Coaching Center Prior registration is required for maintaining a coaching centre. Existing centres must apply within three months. For States States/UTs were urged to Develop an Online Registration Portal for […]
Category: Economics Current Affairs
18th Annual Status Of Education Report (ASER) 2023
18th Annual Status Of Education Report (ASER) 2023: The 18th Annual Status of Education Report (ASER) 2023 titled ‘Beyond Basics’ was released by NGO Pratham, discussing the activities students are engaged in, their basic and applied reading and maths abilities and digital awareness and skills. Highlights of the ASER 2023: Overall, 86.8% of 14-18-year-olds are […]
Yen Green Bonds
Yen Green Bonds: REC Limited issued the first Japanese Yen green bonds worth JPY 61.1 billion. REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Power, has achieved a significant milestone by issuing its inaugural Japanese Yen (JPY) 61.1 billion (approximately Rs 3,500 crore) green bonds. Yen green bonds is REC […]
Centre For Fourth Industrial Revolution (C4IR) : Hyderabad
Centre For Fourth Industrial Revolution (C4IR) : Hyderabad Telangana has signed an agreement with the World Economic Forum (WEF) to establish the Centre for Fourth Industrial Revolution (C4IR) in the state capital, Hyderabad. C4IR stands for the Centre for Fourth Industrial Revolution. It is an initiative by the World Economic Forum (WEF) to establish centres […]
Windfall Tax : India Cut Its Windfall Tax On Petroleum Crude
Windfall Tax : India Cut Its Windfall Tax On Petroleum Crude India cut its windfall tax on petroleum crude to 1,700 rupees ($20.53) a tonne from 2,300 rupees a tonne, according to a recent government notification. Windfall Tax levied by governments against certain industries when economic conditions allow those industries to experience significantly above-average profits. […]
Bharat Tex 2024
Bharat Tex 2024: Union Minister for Textiles, Shri Piyush Goyal, reviewed the progress of the upcoming mega textiles event, Bharat Tex 2024, during a meeting with textile Export Promotion Councils and ministry officials. Bharat Tex 2024 is a global textile mega-event organized by 11 Textile Export Promotion Councils in collaboration with the Ministry of Textiles. […]
Mulya Pravah 2.0
Mulya Pravah 2.0: The University Grants Commission (UGC) is pushing for values and ethics in higher education through guidelines like Mulya Pravah 2.0. Mulya Pravah 2.0 is a guideline issued by the University Grants Commission (UGC) in India, aiming to instil human values and professional ethics in higher education institutions. It is a modified version […]
Dynamic Asset Allocation
Dynamic Asset Allocation: Asset management company (AMC) PPFAS Mutual Fund recently filed for an open-ended dynamic asset allocation scheme with the capital market regulator, the Securities and Exchange Board of India (SEBI). DAA is an investment strategy that involves the frequent adjustment of the weights in a portfolio based on the overall market performance or […]
Norms For Politically-Exposed Persons : RBI
Norms For Politically-Exposed Persons : RBI The Reserve Bank of India (RBI) recently updated Know Your Customer (KYC) norms for politically exposed persons (PEPs) who transact with regulated entities (REs), seeking to comply with the recommendations of the Financial Action Task Force (FATF). In the amended KYC master direction, the central bank defines PEPs as […]
Dividend Payout Ratio For Healthy Banks : RBI
Dividend Payout Ratio For Healthy Banks : RBI The Reserve Bank of India has released draft norms allowing banks with strong financial metrics to increase dividend payouts to shareholders up to 50% of profits, from the earlier 40% ceiling. The RBI emphasized it won’t entertain discretionary dispensations for dividends, mandating strict eligibility compliance. This ensures […]
