G-Sec Acquisition Programme (GSAP): The Reserve Bank of India (RBI) is halting its bond buying under the G-Sec Acquisition Programme (GSAP) for now. It said that the measure had succeeded in ensuring adequate liquidity and stabilising financial markets. Coupled with other liquidity measures, it facilitated congenial and orderly financing conditions and a conducive environment for […]
Category: Current Affairs
Palk Bay Scheme
Palk Bay Scheme: The Union Government is considering increasing the unit cost of deep-sea fishing vessels under the Palk Bay scheme to make it more attractive to fisherfolk. Palk Bay scheme: Launched in July 2017 under the Blue Revolution programme. The scheme is financed by the Union and the State Governments with beneficiary participation. It […]
Stubble Burning
Stubble Burning: The Commission for Air Quality Management has said that a reduction in the area under paddy cultivation in Haryana, Punjab and Uttar Pradesh, as well as a shift away from paddy varieties that take long to mature, could see a reduction in stubble burning this year. Reasons for this: The total paddy area […]
India And China Patrols Face Off In Tawang
India And China Patrols Face Off In Tawang: Chinese soldiers were detained, let off later. Face-offs occurred because of the differing areas of perception due to the demarcated boundary, and as both sides undertook patrolling activities up to their line of perception. Tawang was historically part of Tibet. The 1914 Simla Accord defined the McMahon […]
Monetary Policy Report: RBI
Monetary Policy Report: RBI The Reserve Bank of India (RBI) has released the Monetary Policy Report (MPR) for the month of October 2021. It kept the policy rate unchanged for the Eighth time in a row maintaining an accommodative stance till the recovery is durable. Unchanged Policy Rates: Repo Rate – 4%. Reverse Repo Rate […]
World Bank GDP Projection For India
World Bank GDP Projection For India: According to the World Bank, India’s economy, South Asia’s largest, is expected to grow by 8.3% in the fiscal year 2021-22. The South Asia economic focus report projects the region to grow by 7.1% in 2021 and 2022. It is a biannual economic update presenting recent economic developments and […]
Nobel Prize For Literature 2021
Nobel Prize For Literature: Abdulrazak Gurnah, 72, who was born in Zanzibar and now lives in the UK, became the fifth African writer to win the Nobel Prize for Literature, after Nigerian writer Wole Soyinka (1986), Egyptian Naguib Mahfouz (1988), and South African writers Nadine Gordimer (1991) and John M Coetzee (2003). He is the […]
Cyber Security In Power Sector
Cyber Security In Power Sector: Ministry of Power has released guidelines for the Cyber Security in Power Sector. Central Electricity Authority (CEA) under the provision of Section 3(10) on Cyber Security in the “Central Electricity Authority (Technical Standards for Connectivity to the Grid) (Amendment) Regulations, 2019” has framed Guideline on Cyber Security in Power Sector […]
High Ambition Coalition For Nature And People
High Ambition Coalition For Nature And People: At a ceremony held between the French and Indian governments on 7th October in New Delhi, India officially joined the High Ambition Coalition for Nature and People, a group of more than 70 countries encouraging the adoption of the global goal to protect 30×30. HAC members currently […]
What Is Buddhist Circuit?
What Is Buddhist Circuit? Centre has planned major infrastructure push for Buddhist Circuit. The Union Tourism Ministry has aggressively started tourism promotion with participation of the industry stakeholders, especially after the dramatic improvement of Covid situation in the country and achievement of vaccination targets. The Buddhist Circuit project was announced by the central government in […]
