Credit Default Swaps: Securities and Exchange Board of India (SEBI) announced that mutual funds can now sell credit default swaps (CDS) citing the need to aid liquidity growth in corporate bond market, according to its latest circular. The move follows RBI’s directive in 2022 to provide revised regulatory framework for debt derivatives. So far, only […]
Tag: 24th Sep 2024
Deposit Crunch
Deposit Crunch: Banks are currently experiencing a deposit crunch, which is limiting their ability to extend credit. The Reserve Bank of India Governor Shaktikanta Das had, in July, raised concerns over slower deposit mobilisation compared to credit growth stating that as it may create structural liquidity issues. India is among the fastest-growing large economies of […]
PM E-DRIVE Excludes Electric Cars
PM E-DRIVE Excludes Electric Cars: The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme excludes electric cars from any direct subsidies. The government believes other measures, such as lower GST for electric cars are adequate to support the sector. PM E-DRIVE Scheme is aimed at promoting electric mobility in India having a […]
PM Janjatiya Unnat Gram Abhiyan
PM Janjatiya Unnat Gram Abhiyan: The Union Cabinet approved Pradhan Mantri Janjatiya Unnat Gram Abhiyan (PMJUGA) for improving the socio-economic condition of tribal communities. PMJUGA is a centrally sponsored scheme for the welfare of tribal families in tribal-majority villages and aspirational districts. It will cover 549 districts and 2,740 blocks spread across all tribal majority […]
Fact-Check Unit
Fact-Check Unit: The Bombay High Court has struck down the amended IT Rules, 2023, which allowed the Centre to establish a fact-check unit to identify “fake news” about the government. The court ruled that the rules violated the Constitution’s rights to equality and free speech, describing the terms “fake, false, and misleading” as vague. The […]
Greater One-Horned Rhino : In News
Greater One-Horned Rhino : In News: Kaziranga and other protected habitats of the one-horned rhinoceros in Assam recorded an 86% drop in poaching of the herbivore since 2016, the Chief Minister said recently. Greater One-Horned Rhino also known as Indian rhinoceros, is the largest of the three Asian rhinos and, together with African white rhinos, […]
Quad Cancer Moonshot Initiative
Quad Cancer Moonshot Initiative: The Quad grouping took a groundbreaking cancer initiative called the Quad Cancer Moonshot Initiative. Quad Cancer Moonshot Initiative was launched by the QUAD countries (India, United States, Australia and Japan). It is aimed at implementing innovative strategies to prevent, detect, treat and alleviate the impact of cancer on patients and their […]
Goa Maritime Symposium 2024
Goa Maritime Symposium 2024: The Indian Navy is hosting the fifth edition of the Goa Maritime Symposium at Naval War College, Goa. Goa Maritime Symposium 2024 is a forum for fostering collaborative thinking, cooperation, and mutual understanding between India and key maritime nations of the Indian Ocean Region The theme for the event is Common […]
Ambassador Of India To Netherlands
Ambassador Of India To Netherlands: Kumar Tuhin has been appointed as India’s Ambassador to the Kingdom of the Netherlands. The Ministry of External Affairs recently announced this, and Tuhin is expected to take on his new role soon. Tuhin is part of the Indian Foreign Service (IFS), joining in 1991. He is currently the Director […]
PM Vishwakarma Scheme : In News
PM Vishwakarma Scheme : In News Prime Minister Narendra Modi recently spoke to a group of artisans at an event celebrating the anniversary of the PM Vishwakarma Yojana. The event took place at the Swavalambai ground in Wardha, where the Prime Minister encouraged artisans to explore business opportunities and entrepreneurship.The PM Vishwakarma Yojana is a […]
