WORST SINGLE DAY FALL FOR SENSEX
Why in news? The Sensex on 9th March 2020 witnessed its worst fall since demonetisation in 2016 as the sell-off in stocks continues unabated. The Nifty hit a one-year low. 5 factors causing this crash Oil price crash Crude oil prices tanked over 30 per cent following Saudi Arabia’s decision to cut prices and raise […]
GLOBAL CRUDE OIL WAR BRINGS GOOD TIDINGS FOR INDIA
Why in news? Major oil buyers such as India are set to gain following Russia’s refusal to back broader cuts in crude oil production by the Organization of the Petroleum Exporting Countries (Opec). Details Crude prices are on a tailspin after Russia did not agree to Opec’s proposal for an additional production cut of 1.5 […]
Recapitalization of Regional Rural Banks to improve CRAR
Why in news: The Cabinet Committee on Economic Affairs has given its approval for continuation of the process of recapitalization of Regional Rural Banks (RRBs) by providing minimum regulatory capital to RRBs for another year beyond 2019-20, that is, up to 2020-21. This is for those RRBs which are unable to maintain minimum Capital to Risk weighted Assets Ratio (CRAR) […]
Cabinet approves construction of Aligarh-Harduaganj flyover
The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi approved the construction of Aligarh-Harduaganj flyover. The construction of the flyover will be taken up by the Ministry of Railways. Aligarh-Harduaganj flyover: The total length of the Aligarh-Harduaganj railway flyover will be 22 Km. The construction of teh flyover is expected to be completed by 2024-25. The total cost estimated for […]
MINISTRY OF JAL SHAKTI ON AQUIFER MAPPING
Why in news? Central Ground Water Board (CGWB) is implementing National Aquifer Mapping and Management program (NAQUIM), which envisages mapping of aquifers (water bearing formations), their characterization and development of Aquifer Management Plans to facilitate sustainable management of Ground Water Resources. Details Out of the nearly 25 lakh km2 of mappable area in the country, […]
CONSUMER PROTECTION ACT , 1986 vs CONSUMER PROTECTION ACT , 2019
Consumer Protection Act The existing Consumer Protection Act, 1986 provide for protection of the rights of the consumers. Under the provisions of the said Act, a three tier quasi-judicial mechanism, called Consumer Fora, has been established at the District, State and National levels to provide simple, inexpensive and speedy redressal to consumer disputes. Besides, the […]
UNNAT BHARATH ABHIYAN
The main objectives of Unnat Bharat Abhiyan (UBA) are as under: To engage the faculty and students of Higher Educational Institutions (HEIs) in identifying development issues in rural areas and finding sustainable solutions for the same. Identify & select existing innovative technologies, enable customisation of technologies, or devise implementation method for innovative solutions, as required […]
Efforts to Boost Defence Sector
Industrial licensing: Industrial licensing regime for Indian manufacturers in Defence sector has been liberalized. Defence Products list requiring Industrial Licences has been rationalised and manufacture of most of the parts and components does not require Industrial Licence. The total number of Defence licences issued has more than doubled since 2014 FDI: FDI Policy has been […]
FOREIGN INVESTMENTS AND ‘MAKE IN INDIA’ PROGRAMME
Why in news? Since the launch of Make in India programme, FDI inflow during the period April 2014 to December 2019 has been USD 335.33 billion which is nearly 51% of cumulative FDI in India since April 2000. In 2018-19, FDI inflow stood at a record of USD 62 billion, highest ever recorded for a […]
REMISSION OF DUTIES AND TAXES ON EXPORTED PRODUCTS (RODTEP)
Why in news? The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has given its approval for introducing the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) under which a mechanism would be created for reimbursement of taxes/ duties/ levies, at the central, state and local level, which […]