Monetary Policy : Short Term Lending Rate Or The Repo Rate Unchanged

Monetary Policy: Short Term Lending Rate Or The Repo Rate Unchanged: The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep its short-term lending rate or the repo rate unchanged at 4 percent, in line with market expectations. Announcing the monetary policy, RBI Governor said the central bank will maintain its ‘accommodative […]

PLI Scheme For White Goods (Air Conditioners And LED Lights)

Production Linked Incentive (PLI) Scheme For White Goods (Air Conditioners And LED Lights): The Union Cabinet approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) with a budgetary outlay of Rs. 6,238 crore. The PLI Scheme for White Goods shall extend an incentive of 4% to 6% on incremental […]

India And Japan MoU for Academic and Research Cooperation and Exchange

MoU Signed Between India And Japan: The Union Cabinet is apprised of an MoU signed between National Atmospheric Research Laboratory (NARL), Dept of Space, Government of India and Research Institute for Sustainable Humanosphere (RISH), Kyoto University, Kyoto, Japan for Academic and Research Cooperation and Exchange in November 2020. This MoU shall enable NARL and RISH […]

Italian Marines Case : Application To Close The Criminal Trials

Italian Marines Case:: The government has asked the Supreme Court to schedule an urgent hearing of its application to close the criminal trials pending in India against two Italian marines accused of killing two fishermen off the coast of Kerala in 2012. Girone and Latorre, who were detained on the Italian ship Enrica Lexie, allegedly […]

Government Security Acquisition Programme (G-SAP) 1.0

Government Security Acquisition Programme (G-SAP) 1.0: The Reserve Bank of India (RBI) has put in place a secondary market Government Security Acquisition Programme (G-SAP) 1.0 for orderly evolution of the yield curve in FY22. Under the programme, the central bank will purchase government bonds of worth Rs 1 trillion (or one lakh crores of rupees). […]

Alkaloids : Cultivation Of Opium in India

Cultivation Of Opium: The Union government has decided to rope in the private sector to commence production of concentrated poppy straw from India’s opium crop to boost the yield of alkaloids. Alkaloids are used for medical purposes and exported to several countries. Cultivation of opium: Only a few countries are permitted to cultivate the opium […]

Ukraine To Join NATO Membership Action Plan

Ukraine To Join A NATO Membership Action Plan: Ukrainian President urged the North Atlantic Treaty Organization (NATO) to speed up his country’s membership in the alliance. Ukraine hopes to be invited this year to join a NATO Membership Action Plan (MAP). Reasons for Ukraine to Join NATO: Ukraine is of the opinion that joining NATO […]

Tribal Health Collaborative (THC) Anamaya : Important Points

Tribal Health Collaborative (THC) ‘Anamaya’: Ministry Of Tribal Affairs: The Ministry of Tribal Affairs has launched Tribal Health Collaborative (THC) ‘Anamaya’ through a video conference. In 2018, an expert committee released a comprehensive report on tribal health in India which highlighted the issues and concerns of tribal health. It is an initiative bringing together governments, […]

What is Indian Energy Exchange (IEX)?

Indian Energy Exchange (IEX): The electricity market at Indian Energy Exchange (IEX) achieved an all-time high volume of 8,248.52 MU (million units) in the month of March 2021 surpassing all the previous milestones. It is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable […]