Cabinet Secretary Rajiv Gauba orders eSamikSha revamp

News: Cabinet Secretary has ordered a revamp of the e-SamikSha platform to ensure that various milestones and targets put in place since 2014 are being met.  Facts: e-SamikSha Platform: It is a real time, online system for monitoring follow-up action on the decisions taken during the presentations made by different Ministries/Departments to the Prime Minister.… Continue reading Cabinet Secretary Rajiv Gauba orders eSamikSha revamp

Hul Divas celebrations off for Covid

News: Hul Divas celebrations in Jharkhand have been called off due to COVID-19 pandemic. Facts: Hul Divas: It is observed annually in memory of tribals — Sidhu and Kanhu who led the Santhal Hul(rebellion) in 1855 at Bhognadih in Sahibganj district. Santhal Rebellion(1855-56): The Santhals of Rajmahal Hills led by Sidhu and Kanhu revolted against… Continue reading Hul Divas celebrations off for Covid

World Bank to give $750 million funding support to MSMEs

News: The World Bank’s Board of Executive Directors has approved a $750 million MSME Emergency Response program for India. Facts: MSME Emergency Response program: It aims to support increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs) which are severely impacted by the COVID-19 crisis. Impact: It will address the… Continue reading World Bank to give $750 million funding support to MSMEs

‘Accelerate Vigyan’ to strengthen scientific research mechanism

News: Science and Engineering Research Board(SERB) has launched a new scheme called ‘Accelerate Vigyan’(AV). Facts: Aim: To give more thrust on encouraging high-end scientific research and preparing scientific manpower which can lead to research careers and knowledge-based economy. Components: The scheme has two components ABHYAAS and SAMMOHAN. Mission ABHYAAS: It is an attempt to boost… Continue reading ‘Accelerate Vigyan’ to strengthen scientific research mechanism

RBI announces special liquidity scheme for NBFCs and HFCs through SPV

News: Reserve Bank of India(RBI) has operationalised the Rs 30,000 crore special liquidity scheme for non-banking finance companies (NBFCs) and Housing finance companies(HFCs).  Facts: Aim: To improve the liquidity position of non-banking finance companies (NBFCs) and housing finance companies(HFCs). Under the scheme, a Special Purpose Vehicle (SPV) has been set up to manage a Stressed… Continue reading RBI announces special liquidity scheme for NBFCs and HFCs through SPV

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