Maiden India-France-UAE Maritime Partnership Exercise: The first edition of India, France, and United Arab Emirates (UAE) Maritime Partnership Exercise commenced on 7th June 2023 in the Gulf of Oman, featuring the participation of INS Tarkash, French Ship Surcouf, French Rafale aircraft, and UAE Navy Maritime Patrol Aircraft. It emphasizes the exchange of best practices and […]
Category: Current Affairs
Policy Rates Unchanged : RBI
Policy Rates Unchanged : RBI The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep the policy rates unchanged, taking into account the evolving macroeconomic situation. This is the second consecutive pause after a previous conservative rate hike of 250 basis points aimed at curbing inflation. The decision reflects a cautious approach […]
Exploration Of Coal And Lignite Scheme : Approved Continuation
Exploration Of Coal And Lignite Scheme: Approved Continuation The union government of India approved the continuation of the central sector plan ‘Exploration of Coal and Lignite scheme’ with an estimated expenditure of ₹2,980 crore. The period for the extension is from 2021-22 to 2025-26. Under this scheme, exploration for coal and lignite is conducted in […]
Pradhan Mantri Krishi Sinchayee Yojana : Aadhaar Cards Being Misused To Create Beneficiaries
Pradhan Mantri Krishi Sinchayee Yojana : Aadhaar Cards Being Misused To Create Beneficiaries Under the Pradhan Mantri Krishi Sinchayee Yojana, Aadhaar cards being misused to create beneficiaries under Per Drop More Crop Scheme in Jharkhand state has been revealed. Pradhan Mantri Krishi Sinchayee Yojana was launched in 2015 to improve farm productivity and ensure better […]
RuPay Card : Permit Banks To Issue RuPay Prepaid Forex Cards
RuPay Card : Permit Banks To Issue RuPay Prepaid Forex Cards The Reserve Bank of India (RBI), in a bid to broaden the scope of RuPay cards has decided to permit banks to issue RuPay Prepaid forex cards to customers and to issue such cards abroad. RuPay card is an Indian domestic card scheme conceived […]
TAPI Gas Pipeline : Joint Implementation Plan
TAPI Gas Pipeline : Joint Implementation Plan To speed up work on Turkmenistan, Afghanistan, Pakistan, and India (TAPI) gas pipeline project and finish the feasibility study as soon as possible, Pakistan and Turkmenistan recently signed a Joint Implementation Plan (JIP). TAPI Pipeline is an 1,814-kilometre pipeline that aims to transport 33 billion cubic metres of […]
First Loss Default Guarantee : RBI
First Loss Default Guarantee : RBI The Reserve Bank of India (RBI) has recently granted its approval for First Loss Default Guarantee (FLDG) framework. FLDG is a lending model between fintech firms and their partner banks and non-banking finance companies where the initial hit on a default is taken by the fintech firm that originated […]
‘Antardrishti’ : Financial Inclusion Dashboard
‘Antardrishti’ : Financial Inclusion Dashboard The Reserve Bank of India Governor launched a financial inclusion dashboard named ‘Antardrishti’. Antardrishti dashboard provides the necessary knowledge to evaluate and track the development of financial inclusion by recording relevant data. It will also make it possible to assess the degree of financial exclusion at a local level across […]
Fifth State Food Safety Index
Fifth State Food Safety Index: The union Health Minister released the fifth State Food Safety Index in New Delhi. Among the large state category: Kerala is the top-ranking state followed by Punjab and Tamil Nadu. Among the small states category: Goa is the top-ranking state followed by Manipur, and Sikkim in the Small States category. […]
Trade Receivables Discounting System (TReDS) Platform : RBI
Trade Receivables Discounting System (TReDS) Platform : RBI The Reserve Bank on Wednesday expanded the trade receivables discounting system (TReDS) by permitting insurance companies to function as participants. Trade Receivables Discounting System (TReDS) platform is an electronic platform for facilitating the financing/discounting of trade receivables of Micro, Small, and Medium Enterprises (MSMEs) through multiple financiers. […]
