Bad Bank: The Union Cabinet on Monday approved Rs 30,600 crore government guarantee for the National Asset Reconstruction Company (NARCL), thereby paving the way for operationalisation of bad bank. One of the key ideas behind formation of bad banks is to de-stress the balance sheets of the banks. A bad bank is a corporate structure […]
Category: Current Affairs
Namami Gange Programme
Namami Gange Programme: The 3rd edition of e-auction of prestigious and memorable gifts presented to Prime Minister of India Shri Narendra Modi is being held from 17th September to 7th October 2021 through the web portal https://pmmementos.gov.in. The mementos include sports gear and equipment gifted to the Prime Minister by winners of the Tokyo 2020 […]
Model Tenancy Act: Assam First State To Adopt
Model Tenancy Act: Assam First State To Adopt: Assam has become the first state to adopt the Model Tenancy Act. With this Assam Urban Areas Rent Control Act, 1972 gets repealed. New Act will spur growth & development of transparent & accountable rental market & balance the interests of tenants & landlords. It will provide […]
What Is a Green Bond?
What Is a Green Bond? Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, has successfully issued its first ever Euro Green Bonds. It is the first ever Euro denominated Green bond issuance from India. Moreover, it is the first ever Euro issuance by an Indian NBFC and the first Euro bond issuance […]
Global Ozone Day
Global Ozone Day: World Ozone Day is celebrated on 16th September each year to commemorate the signing of the Montreal Protocol. This international environmental treaty for phasing out of production and consumption of Ozone Depleting Substances came into force on this day in 1987. The Day is celebrated every year to spread awareness among people […]
Shoonya Campaign
Shoonya Campaign: NITI Aayog and Rocky Mountain Institute (RMI) and RMI India have launched the Shoonya Campaign. RMI is an independent nonprofit organization founded in 1982. It is an initiative to promote zero-pollution delivery vehicles by working with consumers and industry. The campaign will promote the adoption of electric vehicles (EVs) in the urban deliveries […]
Urban Planning Reforms: NITI Aayog
Urban Planning Reforms: NITI Aayog: NITI Aayog has launched the report titled ‘Reforms in Urban Planning Capacity in India India’s population stood at 1210 million in 2011, with an urbanisation level of 31.1% (Census of India 2011). Urbanisation is an increase in the number of people living in towns and cities. The distribution of urban […]
Global Methane Pledge
Global Methane Pledge: The US President has announced the Global Methane Pledge, which is an US-EU led effort to cut methane emissions by a third by the end of this decade. The announcement has come ahead of 26th Conference of the Parties (COP26) of United Nations Framework Convention on Climate Change (UNFCCC) in Glasgow, UK. […]
World Bank Stops ‘Ease Of Doing Business’ Report
World Bank Stops ‘Ease Of Doing Business’ Report: The World Bank would discontinue the practice of issuing ‘Doing Business report’ following an investigation reported “data irregularities” in its 2018 and 2020 editions (released in 2017 and 2019, respectively) and possible “ethical matters” involving bank staff. It will be working on a new approach to assessing […]
White-Sided Dolphins
White-Sided Dolphins: The traditional annual killing of whales and dolphins (grindadrap hunt) in North Atlantic islands that belong to Denmark has sparked controversy. 1,428 white-sided dolphins were slaughtered at Faroe Islands. White-Sided Dolphins: Scientific Name: Lagenorhynchus acutus Their common name comes from the prominent white stripes on their sides, which span from below the dorsal […]
