Emergency Credit Line Guarantee Scheme (ECLGS): According to the SBI Research report on ECLGS: The scheme has saved 13.5 lakh firms from going bankrupt and consequently 1.5 crore jobs. In absolute terms, MSME loan accounts worth Rs 1.8 lakh crore were saved. Almost 93.7 per cent of such accounts are in the micro and small […]
Category: Current Affairs
Cheetah Reintroduction Project
Cheetah Reintroduction Project: The Government is preparing to translocate the first batch of eight from South Africa and Namibia to Kuno National Park in Madhya Pradesh soon after the situation linked to the current third wave of Covid-19 becomes normal, and total 50 in various parks over a period of five years. In this regard, […]
India To Become Asia’s Second-Largest Economy By 2030
India To Become Asia’s Second-Largest Economy By 2030: According to the Information Handling Services (IHS) Markit report, India is likely to overtake Japan as Asia’s second-largest economy by 2030. Currently, India is the sixth-largest economy, behind the U.S., China, Japan, Germany and the U.K. IHS Markit is a global leader in information, analytics and solutions […]
Increased Election Expenditure Limit
Increased Election Expenditure Limit: The Election Commission has enhanced the existing election expenditure limit for candidates in Parliamentary and Assembly constituencies. These limits will be applicable in all upcoming elections. The ceiling on parliamentary poll expenditure has been raised from 70 lakh to 95 lakh rupees in bigger states and 54 lakh to 75 lakhs […]
Protection Of Women From Sexual Harassment (POSH) Act, 2013
Protection Of Women From Sexual Harassment (POSH) Act, 2013: A petition has been filed in the Supreme Court challenging guidelines issued by the Bombay High Court in cases under the Protection of Women from Sexual Harassment (POSH) Act, 2013. The provision that challenged pertains to blanket bar on parties and advocates from sharing records, including […]
Green Energy Corridor
Green Energy Corridor: The Cabinet Committee on Economic Affairs approved the scheme on Green Energy Corridor (GEC) Phase-II for Intra-State Transmission System (InSTS). It aims at synchronizing the electricity produced from renewable resources, such as wind and solar, with the conventional power stations in the grid. It aims to achieve the target of 450 GW […]
UJALA Scheme
UJALA Scheme: The Ministry of Power has successfully completed seven years of distributing and selling LED lights under its flagship UJALA (Unnat Jyoti by Affordable LEDs for All) programme. The initiative evolved into the world’s largest zero subsidy domestic lighting programme with more than 36.78 crore LEDs distributed across the country. Launched in 2015 and […]
Sea Dragon 22 Exercise
Sea Dragon 22 Exercise: The US Sea Dragon 22 exercise began along with the navies of India, Australia, Canada, Japan and South Korea in the Pacific Ocean. India, Japan, Australia and the US are also part of the Quadrilateral Security Dialogue (Quad), and also participate in the Malabar exercise. Sea Dragon is a US-led multi-national […]
The Foreign Contribution (Regulation) Act
The Foreign Contribution (Regulation) Act: Among the 6,000 NGOs that did not have their FCRA registration renewed by the Ministry of Home Affairs (MHA) recently are also included the Tirumala Tirupati Devasthanams (TTD), the Ramakrishna Mission, and Shirdi’s Shri Saibaba Sansthan Trust (SSST). The Foreign Contribution (Regulation) Act registration is mandatory for any NGO or […]
Domestic Systemically Important Banks (D-SIBs)
Domestic Systemically Important Banks (D-SIBs): Reserve Bank of India has released its list of Domestic Systemically Important Banks (D-SIBs) in 2021. It has identified the state-owned lender State Bank Of India and the private lenders ICICI Bank and HDFC Bank as systemically important banks, which are perceived as banks, ‘too big to fail’. The system […]
