MGNREGA: The Centre’s flagship rural employment scheme (MGNREGA) has run out of funds halfway through the financial year. This means that payments for MGNREGA workers as well as material costs will be delayed, unless the States dip into their own funds. Earlier, the government introduced the category-wise wage payment system for SC, ST and others, […]
Category: Economics Current Affairs
SWAMIH Fund
SWAMIH Fund: The SWAMIH (Special Window for Affordable & Mid-Income Housing) fund has made its first complete exit from an investment made for completion of a residential project in Mumbai. It has already completed over 1,500 homes in seven projects and is on track to complete at least 10,000 homes every year. This is a […]
RBI Eased Current Account Rules
Current Account Rules: The Reserve Bank of India eased Current Account Rules for bank exposures less than five crore rupees allowing lenders to open current accounts, cash credit and overdraft facilities without any restriction. The Apex Bank asked banks to implement the changes within one month. For borrowers, where the exposure of the banking system […]
Countering America’s Adversaries Through Sanctions Act (CAATSA)
Countering America’s Adversaries Through Sanctions Act (CAATSA): Key lawmakers continue to voice their support for a sanctions waiver for India for its purchase of the S-400 missile defence system from Russia. India is likely to begin taking delivery of the S-400 in November, potentially activating U.S. sanctions under a 2017 law, Countering America’s Adversaries Through […]
GST Compensation
GST Compensation: The Ministry of Finance has released ₹44,000 crore to the States and UTs with Legislature under the back-to-back loan facility in lieu of GST Compensation. After taking into account earlier release of ₹ 1,15,000 crore (₹ 75,000 crore released on 15th July, 2021 and ₹ 40,000 crore released on 07th October, 2021), total […]
Project Readiness Financing (PRF) Loan for Mizoram
Asian Development Bank (ADB): The Indian government and the Asian Development Bank (ADB) signed a USD 4.5 million Project Readiness Financing (PRF) loan to support urban mobility in Mizoram. Earlier, the ADB and the Government of India signed a USD 484 million loan to improve transport connectivity and industrial development in the Chennai – Kanyakumari […]
Asian Infrastructure Investment Bank (AIIB)
Asian Infrastructure Investment Bank (AIIB): AIIB has said that it would look to fund both social as well as climate-resilient infrastructure in India in the coming years. Meanwhile, it has also asked India to strike a balance between ramping up physical infrastructure and the social infrastructure such as healthcare systems. Asian Infrastructure Investment Bank (AIIB) […]
Radio Over Internet Protocol (ROIP) System
Radio Over Internet Protocol (ROIP) System: In view of a much needed solution for providing effective long range Marine communication, the Radio over Internet Protocol (ROIP) System at Syama Prasad Mookerjee Port, Kolkata (SMP, Kolkata), was inaugurated. ROIP system is being introduced as a marine communication mode, for the first time in any Major Indian […]
Ayushman Bharat Health Infrastructure Mission
Ayushman Bharat Health Infrastructure Mission: The Prime Minister launched the Ayushman Bharat Health Infrastructure Mission. It is one of the largest pan-India schemes for strengthening healthcare infrastructure across the country. It is in addition to the National Health Mission. It will provide support to 17,788 rural Health and Wellness Centres in 10 ‘high focus’ states […]
City With The Most Sustainable Transport System: Kerala
City With The Most Sustainable Transport System: Kerala Kerala has won the award for the ‘city with the most Sustainable Transport System’. It will be presented by the Ministry for Housing and Urban Affairs. The award is given in recognition of the transport facilities in various states and Union Territories of India. The award has […]
