Air India: After 68 years, Air India is all set to return to the Tata fold. Tata Sons subsidiary Talace Pvt. Ltd. emerged as the winning bidder for the debt-laden national carrier after quoting an enterprise value of ₹18,000 crore. The government will take a hit of ₹28,844 crore. The Tatas will own a 100% […]
Tag: 11th Oct 2021
Nobel Prize For Peace 2021
Nobel Prize For Peace: In an age marked by authoritarian regimes around the world, misinformation and hate speech, the Nobel Prize for Peace was awarded to two journalists who have been running independent news organisations in their countries, often under the threat of detention and even death. Maria Ressa of the Philippines and Dmitry Muratov […]
G-Sec Acquisition Programme (GSAP)
G-Sec Acquisition Programme (GSAP): The Reserve Bank of India (RBI) is halting its bond buying under the G-Sec Acquisition Programme (GSAP) for now. It said that the measure had succeeded in ensuring adequate liquidity and stabilising financial markets. Coupled with other liquidity measures, it facilitated congenial and orderly financing conditions and a conducive environment for […]
Rohingya Crisis
Rohingya Crisis: Bangladesh is planning to send more than 80,000 Rohingya refugees to a remote island- Bhasan Char- in the Bay of Bengal after sealing an agreement for the United Nations to provide help. Some 19,000 of the Muslim refugees from Myanmar have already relocated from crowded camps on the mainland to Bhashan Char island, […]
Digital Divide
Digital Divide: The Supreme Court has flaggedthe consequences of growing digital divide. It observed, the digital divide caused by online classes will defeat the fundamental right of every child to education Little children whose parents are too poor to afford laptops, tablets or an “optimum” Internet package at home for online classes during the pandemic […]
Deep Brain Stimulation (DBS)
Deep Brain Stimulation (DBS): Physicians at the University of California, San Francisco (UCSF) have successfully treated a patient with severe depression by recognising and tapping into the brain circuits linked with depressive brain patterns. The physicians have tried to reset these patterns, which they have said is the equivalent of using a pacemaker for the […]
Market Based Economic Despatch (MBED)
Market Based Economic Despatch (MBED): Central Electricity Regulatory Commission (CERC) has released the Framework for Implementation of Market Based Economic Despatch (MBED) – Phase1 for lowering the cost of power purchase to Consumers. Implementing an Market Based Economic Despatch (MBED) is an essential next step in reforming electricity market operations and in moving towards “One […]
Corbett National Park : Now Ramganga National Park
Corbett National Park : Now Ramganga National Park Union Minister for Environment, Forest and Climate Change Ashwini Kumar Choubey proposed to change the name of Corbett National Park to Ramganga National Park. Jim Corbett’s name has lent itself to India’s oldest and most celebrated national parks and to the cottage industry that has grown around […]
World Bank GDP Projection For India
World Bank GDP Projection For India: According to the World Bank, India’s economy, South Asia’s largest, is expected to grow by 8.3% in the fiscal year 2021-22. The South Asia economic focus report projects the region to grow by 7.1% in 2021 and 2022. It is a biannual economic update presenting recent economic developments and […]
Monetary Policy Report: RBI
Monetary Policy Report: RBI The Reserve Bank of India (RBI) has released the Monetary Policy Report (MPR) for the month of October 2021. It kept the policy rate unchanged for the Eighth time in a row maintaining an accommodative stance till the recovery is durable. Unchanged Policy Rates: Repo Rate – 4%. Reverse Repo Rate […]
