What Is a Bad Bank? The Ministry of Finance has announced that the National Asset Reconstruction Company (NARCL) along with the India Debt Resolution Company (IDRCL) will take over the first set of bad loans from banks and try to resolve them. The health of the balance sheets of Indian banks has improved significantly over […]
Tag: 10th Jun 2022
Minimum Support Prices (MSP) For Kharif Season 2022-23
Minimum Support Prices (MSP) For The Kharif Season 2022-23: The Centre has approved the Minimum Support Prices (MSP) for the Kharif season 2022-23, stating that the rates are at least 1.5 times of the weighed average cost of production. The rates for 14 Kharif crops have been increased, the hikes ranging from 4% to 8%. […]
World Ocean Day 2022
World Ocean Day: World Ocean Day was observed on June 8, 2022 with the theme for this year is “Revitalization: Collective Action for the Ocean”. The Day is celebrated every year on June 8. The Day was proposed in 1992 and was officially recognised by the United Nations in 2008. The purpose of the Day […]
World Brain Tumour Day
World Brain Tumour Day: World Brain Tumour Day is being observed on June 08, 2022 It is observed to raise awareness and educate people about brain tumours. The day also pays tribute to those affected by brain tumours. The German Brain Tumor Association started this international commemoration day in the year 2000 as a tribute […]
Carbon Bombs
Carbon Bombs: A group of environmentalists, lawyers, and activists have come together to identify and ‘defuse carbon bombs’– coal, oil and gas projects that have the potential to contribute significantly to global warming. The usage of the term ‘carbon bombs’ picked up after an investigative project of The Guardian from May 2022. Defining the term […]
Linking Of Credit Cards With UPI
Linking Of Credit Cards With The Unified Payments Interface: The Reserve Bank of India has proposed to allow the linking of credit cards with the Unified Payments Interface (UPI). So far, UPI could only be linked to debit cards and bank accounts. The integration will first begin with the indigenous RuPay credit cards. Both the […]
Monetary Policy Committee Decisions: June 2022
The Monetary Policy Committee Decisions: The Monetary Policy Committee of Reserve Bank of India, which met from 6-8 June 2022, took the following decisions. Taking into account the increase in housing prices since the limits were last revised and considering the customer needs, it has been decided to increase the existing limits on individual housing […]
Hike in Repo Rate
Repo Rate: The Reserve Bank of India (RBI) Governor announced that the Monetary Policy Committee voted unanimously to hike the benchmark interest rate by 50 bps with immediate effect. The Reserve Bank of India (RBI) increased the repo rate by 50 basis points to 4.90%. The earlier repo rate was 4.40% after the rates were […]
Survey To Count Elephants And Big Cats
Survey To Count Elephants And Big Cats: The government of India, for the first time this year, will present a unified count of the tiger, leopard and elephant populations of the country. Given that 90% of the area occupied by elephants and tigers is common, and once estimation methods are standardised, having a common survey […]
Growing Demand For Lithium
Growing Demand For Lithium: With the EV industry growing rapidly, the demand for lithium, an essential resource for EV battery makers, has surged along. It is estimated that if the entirety of ore from the African mines are extracted, it will be sufficient to meet the demand for at least 27.78 million vehicles with 60 […]
