RBI’s Transition of Urban Co-operative Banks (UCBs) to the PCA Framework: The Reserve Bank of India (RBI) will transition approximately 500 financially weak Urban Co-operative Banks (UCBs) from the Supervisory Action Framework (SAF) to the Prompt Corrective Action (PCA) framework starting April 1, 2025. This move aims to strengthen regulatory oversight and ensure timely remedial […]
Category: Current Affairs
RBI Revises Norms on Government-Guaranteed Security Receipts
RBI Revises Norms on Government-Guaranteed Security Receipts: The Reserve Bank of India (RBI) has introduced new guidelines for Government of India-guaranteed Security Receipts (SRs) issued by Asset Reconstruction Companies (ARCs). These regulations aim to differentiate sovereign-backed SRs from ordinary SRs, providing banks with greater flexibility in provisioning while ensuring stricter capital discipline. The move is […]
Warangal Chapata Chilli Receives GI Tag
Warangal Chapata Chilli Receives GI Tag: Development for farmers in Telangana, the Chapata Chilli, also known as Tomato Chilli, has received the Geographical Indication (GI) tag. This milestone is expected to benefit around 20,000 farmers in the Warangal region by increasing their income and boosting market demand for this unique chilli variety.The Warangal Chapata Chilli […]
RBI Conference on Strengthening Large NBFCs Held in Chennai
RBI Conference on Strengthening Large NBFCs Held in Chennai: The Reserve Bank of India (RBI) hosted a conference for large-sized Non-Banking Financial Companies (NBFCs) on March 28, 2025, in Chennai. The event was attended by Chairpersons of the Audit Committee of the Board (ACB), MD & CEOs, and Statutory Auditors of various NBFCs. Under the […]
Revision in ATM withdrawal charges
Revision in ATM withdrawal charges: The Reserve Bank of India (RBI) has announced a revision in ATM withdrawal charges, which will come into effect from May 1, 2025. As per the new rule, banks can now charge customers up to Rs 23 per transaction for withdrawals exceeding the monthly free limit. This is an increase […]
Sangama Dynasty : Copper Plates Unveiled In Bengaluru
Sangama Dynasty : Copper Plates Unveiled In Bengaluru A set of rare copper plates dating back to the early 15th century, from the reign of Devaraya I of the Sangama Dynasty, has been unveiled in Bengaluru by Falcon Coins Gallery in collaboration with the Archaeological Survey of India (ASI). These copper plates are written in […]
Chile
Chile: India and Chile have initiated discussions on a comprehensive trade agreement that aims to enhance economic cooperation. Located in South America, Chile is a long, narrow country with an average width of 110 miles (~178 km). Borders: North – Peru,Northeast – Bolivia,East – Argentina,West – Pacific Ocean, Chile also has sovereignty over Easter Island, […]
Comptroller and Auditor General
Comptroller and Auditor General: The Comptroller and Auditor General (CAG) report on ‘Prevention and Mitigation of Vehicular Air Pollution in Delhi’ highlights serious concerns regarding Air Quality Monitoring, Vehicular Pollution, and Government Accountability. The CAG of India is the head of the Indian Audit and Accounts Department (IA-AD) and is responsible for auditing government expenditures […]
INSV Tarini
INSV Tarini: The Indian Naval Sailing Vessel (INSV) Tarini has reached Cape Town, South Africa, marking the fourth and final international stop in its global circumnavigation expedition, Navika Sagar Parikrama II. INSV Tarini is an indigenously built, 56-foot sailing vessel commissioned into the Indian Navy in February 2017. Built by Aquarius Shipyard Ltd., Goa, under […]
9K33 Osa-AK Missile System
9K33 Osa-AK Missile System: The Indian Army’s Air Defence warriors from the White Tiger Division have proven their operational readiness and technical expertise during a recent live missile-firing exercise which involved the firing of the 9K33 Osa-AK missile system. It is a Russian-built highly mobile, low-altitude, short-range tactical surface-to-air defence missile system. Originally developed in […]
