What Is Adjusted Gross Revenue (AGR)? Bharti Airtel has decided to opt for the four-year moratorium on adjusted gross revenue (AGR) and spectrum payments, making it the second telco after Vodafone Idea to accept the offer, which was part of the recently announced telecom relief package. The Union Cabinet had in September approved several measures […]
Category: Economics Current Affairs
Sustainability Of The Electricity Sector
Sustainability Of The Electricity Sector: Ministry of Power notified rule for the sustainability of the electricity sector and promotion of clean energy to meet the India’s commitment towards Climate Change. The following Rules notified by the Ministry of Power under Electricity Act, 2003 are in the interest of the electricity consumers and the stakeholders: Electricity […]
Amended Technology Up-Gradation Fund Scheme (ATUFS)
Amended Technology Up-gradation Fund Scheme (ATUFS): Union Minister of Textiles Piyush Goyal reviewed the Amended Technology Up-gradation Fund Scheme (ATUFS) to boost the Indian textile industry by enabling the ease of doing business, bolstering exports and fuelling employment. Ministry of Textiles had introduced Technology Upgradation Fund Scheme (TUFS) in 1999 as a credit linked subsidy […]
National Fund To Control Drug Abuse
National Fund To Control Drug Abuse: The Social Justice and Empowerment Ministry has recently recommended that the National Fund to Control Drug Abuse be used to carry out de-addiction programmes, rather than just policing activities National Fund to Control Drug Abuse: It was created in accordance with a provision of the Narcotic Drugs and Psychotropic […]
Mauritius Out Of The Grey List: FATF
Mauritius Out Of Its Grey List: FATF The Financial Action Task Force (FATF) has moved Mauritius out of its grey list. Mauritius has strengthened the effectiveness of its anti-money laundering and terror financing process, and has addressed related technical deficiencies to meet the commitments in its action plan regarding the strategic deficiencies that the FATF […]
SAKSHAM Centres
SAKSHAM Centres: As part of Azadi ka Amrit Mahotsav, a total of 152 Centre for Financial Literacy & Service Delivery (SAKSHAM Centres) across 77 districts of 13 states were launched. The centres were launched under Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) of the Ministry of Rural Development. SAKSHAM Centres: Centre for Financial […]
Sovereign Gold Bond Scheme
Sovereign Gold Bond Scheme: The Central government announced the calendar for Sovereign Gold Bonds (SGB) that will be issued in four tranches, from October 2021 to March 2022. The SGB scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings – […]
G7 Digital Trade Principles
G7 Digital Trade Principles: The Group of Seven (G7) wealthy nations agreed on a joint set of principles to govern cross-border data use and digital trade. The deal is a first step in reducing trade barriers, and could lead to a common rulebook of digital trade. Earlier, India attended the 47th G7 Summit as a […]
Turkey On FATF Grey List
Turkey On FATF Grey List: The Financial Action Task Force (FATF) has added Turkey, along with Jordan and Mali, in its revised list of “jurisdictions under increased monitoring”, also known as the FATF grey list. There are now 23 countries in the list. If countries fail to prevent international money laundering and terrorist financing, then […]
UDAN Day: UDAN 4.0 Scheme
UDAN scheme: The Government of India has identified 21st October as UDAN Day, the day on which the scheme document was first released. The scheme is aimed at enhancing connectivity to remote and regional areas of the country and making air travel affordable. It is a key component of Centre’s National Civil Aviation Policy led […]
