Author: ForumIAS

Explained: What is the sonic boom that rattled Bengaluru?

News:A Sonic boom (a loud sound) which was heard in Bengaluru was probably heard while the IAF aircraft was decelerating from supersonic to subsonic speed. Facts: Sonic Boom: It is the sound associated with the shock waves created whenever an object travels through the air faster than the speed of sound.  It generates enormous amounts… Continue reading Explained: What is the sonic boom that rattled Bengaluru?

UN praises LGBTQI initiative

News:United Nations Secretary-General’s Envoy on Youth has listed Manipur’s ‘khudol’(gift) among the top 10 global initiatives for an inclusive fight against the COVID-19 pandemic. Facts: Khudol (gifts) is a people lead initiative implemented by Ya_All, an Imphal-based NGO. Aim: To ensure food, health and hygiene of the LGBTQI+ community, people living with HIV, daily-wage earners,… Continue reading UN praises LGBTQI initiative

9th Edition of the Status Paper on Government Debt

News:The Central Government has released the Ninth Edition of the Status Paper on the Government Debt which provides a detailed analysis of the Overall Debt Position of the Government of India.  Facts: The Central Government has been bringing-out a Status Paper on Government Debt since 2010-11. Key Takeaways: Central Government’s Debt as a percentage of… Continue reading 9th Edition of the Status Paper on Government Debt

Cabinet approves Special Liquidity Scheme for NBFCs/HFCs

News:Union Cabinet has approved a Special Liquidity Scheme for Non-Banking Financial Companies(NBFCs) and Housing Finance Companies(HFCs) to improve liquidity position of the NBFCs/HFCs. Facts: The Scheme will be administered by the Department of Financial Services. Under the Scheme, a large public sector bank would set up a Special Purpose Vehicle(SPV) to manage a Stressed Asset… Continue reading Cabinet approves Special Liquidity Scheme for NBFCs/HFCs

Blog
Academy
Community