Four-Tier Structure For The Urban Cooperative Banks (UCBs): A Reserve Bank of India (RBI)-appointed committee has suggested a four-tier structure for the Urban Cooperative Banks (UCBs). In June 2020, the Central government approved an Ordinance to bring all urban and multi-state co-operative banks under the direct supervision of the RBI. In January 2020, the RBI […]
Category: Current Affairs
Alternative Investment Fund For Export-Oriented MSMEs
Alternative Investment Fund For Export-Oriented Micro, Small And Medium Enterprises (MSMEs): Finance minister has launched Rs 250 crore worth Alternative Investment Fund for export-oriented micro, small and medium enterprises (MSMEs). Objective of the fund: To Identify Indian enterprises with potential advantages by way of technology, products or processes along with export potential, but which are […]
Indira Point : Swarnim Vijay Varsh Victory Flame
Indira Point: The Swarnim Vijay Varsh Victory Flame was taken to Indira Point, the southernmost tip of the country on August 22, 2021, as part of its voyage to the Nicobar Group of Islands. 2021 is being celebrated as Swarnim Vijay Varsh to mark the 50th year of India’s historic victory in the 1971 war. […]
Sree Narayana Guru
Sree Narayana Guru: The Prime Minister, Shri Narendra Modi has paid tributes to Sree Narayana Guru on his Jayanti. Narayana Guru (1855 – 1928) was a philosopher, spiritual leader and social reformer in India. He was born into a family that belonged to the Ezhava caste. He led a reform movement against the injustice in […]
Smog Tower
Smog Tower: Ahead of its infamous smog season, Delhi got a ‘smog tower’, a technological aid to help combat air pollution. Components of smog tower The structure is 24 m high, about as much as an 8-storey building — an 18-metre concrete tower, topped by a 6-metre-high canopy. At its base are 40 fans, 10 […]
Krivak Class Stealth Frigates
Krivak Class Stealth Frigates: The first of two additional Krivak class stealth frigates being built by Russia is expected to be delivered to India in the middle of 2023, Alexey Rakhmanov, chief executive officer of United Shipbuilding Corporation, said. In October 2016, India and Russia signed an Inter-Governmental Agreement (IGA) for four Krivak or Talwar […]
Kanal Istanbul
The Kanal Istanbul: The Kanal Istanbul, an under-construction shipping route running parallel to the strategically critical Bosphorus Strait, is fast gaining prominence as a major divisive issue in Turkey. President Recep Tayyib Erdogan wants to dig up a new route through Istanbul connecting the Black Sea and the Sea of Marmara. The planned canal will […]
Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY)
Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY): As part of the Azadi Ka Amrit Mahotsav (AKAM) celebrations, around 1183 ‘mobilisation camps’ were organised across the country under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) programme between 13th and 19th August, 2021. Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) launched on the 25th September, 2014, […]
National Monetisation Pipeline
National Monetisation Pipeline: Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, will launch the National Monetisation Pipeline. The National Monetisation Pipeline (NMP) comprises a four-year pipeline of the Central Government’s brownfield infrastructure assets. Besides providing visibility to investors, NMP will also serve as a medium-term roadmap for the Asset Monetisation initiative of the […]
Ubharte Sitaare Alternative Investment Fund
Ubharte Sitaare Alternative Investment Fund: The Ministry of Finance has launched ‘Ubharte Sitaare’ Alternative Investment Fund to facilitate debt and equity funding to export-oriented MSMEs (Micro Small and medium Enterprises). The fund is expected to identify Indian enterprises with potential advantages, but which are currently underperforming or unable to tap their latent potential to grow. […]
