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What Is Medical And Wellness Tourism?

What Is Medical And Wellness Tourism? The Ministry of Tourism has formulated a National Strategy and Roadmap for Medical and Wellness Tourism. The policy envisages promoting India as a Medical Value Travel (MVT) and Wellness destination. Medical & Wellness tourism may be defined as ‘activities related to travel and hosting a foreign tourist who stays […]

Regulatory Framework For Microfinance Loans: Highlights

Regulatory Framework For Microfinance Loans: Highlights The Reserve Bank of India (RBI) allowed Microfinance Institutions(MFI) the freedom to set interest rates they charge borrowers, with a caveat that the rates should not be usurious. The guidelines will take effect 1st April 02022. Earlier in 2021, the RBI proposed to lift the interest rate cap on […]

What Is Phosphorus Bomb?

What Is Phosphorus Bomb? Ukrainian police has accused Russian forces of launching phosphorus bomb attacks (chemical weapon) in the Lugansk and Donetsk regions of eastern Ukraine, collectively known as the Donbas. International law prohibits the use of white phosphorus shells in heavily populated civilian areas, but allows them in open spaces to be used as […]

First Gati Shakti Cargo Terminal : Railways

First Gati Shakti Cargo Terminal: Indian Railways’ first Gati Shakti Cargo Terminal commissioned in Asansol Division in pursuance of the Prime Minister’s vision “Gati Shakti”. This is the first such GCT commissioned in Indian Railways since the publication of GCT policy in December 2021 It is expected to enhance Indian Railways’ earnings. The commissioning of […]

Non-Performing Assets of MSMEs Due to COVID-19

What Is a Non-Performing Asset? Despite a host of loan restructuring schemes and packages announced by the Reserve Bank of India (RBI) and the government, the Covid pandemic has hit the Micro, Small and Medium Enterprises (MSMEs) very hard. Gross Non-Performing Assets (NPAs) of MSMEs, or loans defaulted by these enterprises, rose by Rs 20,000 […]

The Global Entrepreneurship Monitor Project

The Global Entrepreneurship Monitor Project: The Global Entrepreneurship Monitor (GEM) is an international project which seeks to provide information on the entrepreneurial landscape of countries. GEM carries out survey-based research on entrepreneurship and entrepreneurship ecosystems around the world and is being led by Entrepreneurship Development Institute of India, Ahmedabad. As per Global Entrepreneurship Monitor (GEM) […]

Man-Portable Air-Defence Systems

Man-Portable Air-Defence Systems: On March 13, 2022 United States President Joe Biden approved a $200-million arms package for Ukraine, which would include U.S. made Stinger Missiles, which are a type of shoulder-fired Man-Portable Air-Defence Systems (MANPADS). Man-Portable Air-Defence Systems are short-range, lightweight and portable surface-to-air missiles that can be fired by individuals or small groups […]

Supplementary Demands For Grants

What Are Supplementary Demands For Grants? The government has sought approval from Parliament to spend an extra ₹1.07 lakh crore in the current fiscal year. The additional spending of Rs1.58 trillion is required for expenditure commitments towards settling loans taken from National Small Savings Funds for PM Awas Yojana and higher fertiliser subsidy outgo. The […]