News:The Ministry of Commerce and Industry has allocated separate HS code for Khadi to boost exports of this signature fabric of India. Facts: About HS Code: HS stands for Harmonized System and was developed by the World Customs Organization (WCO). The code is used by customs officers to clear commodities entering or crossing international borders.… Continue reading Khadi gets separate HS code
Author: ForumIAS
Asset Liability management(ALM) Framework for NBFC’s
News:The Reserve Bank of India(RBI) has introduced ‘liquidity management framework’ for Non-Banking Financial Companies (NBFCs). Facts: Why this framework? This framework is introduced due to liquidity crunch faced by some NBFCs after the collapse of the Infrastructure Leasing and Financial Services(IL&FS) group. About the framework: The framework has introduced the liquidity coverage ratio(LCR) for Non-Banking… Continue reading Asset Liability management(ALM) Framework for NBFC’s
Union minister inaugurates Mission Innovation(MI) Face-to-Face Meeting of Innovation Challenges
News:Union Minister of Science & Technology, Earth Sciences, Health and Family Welfare has inaugurated the Mission Innovation(MI) Face to Face meeting of Innovation Challenges(IC). Facts: About Mission innovation: Mission Innovation(MI) is a global initiative of 24 countries and the European Commission (on behalf of the European Union). The mission aims to accelerate public and private… Continue reading Union minister inaugurates Mission Innovation(MI) Face-to-Face Meeting of Innovation Challenges
Real-time Train Information System(RTIS)
News:Recently,500 passenger locomotives of the South Central Railway (SCR) have been fitted with the newly developed Real-time Train Information System (RTIS). Facts: About Real-time Train Information System(RTIS): The system has been developed by the Centre for Railway Information Systems(CIRE) with the help of ISRO-Airports Authority of India’s GAGAN-Global Positioning System(GPS) aided geo-augmented navigation. The system… Continue reading Real-time Train Information System(RTIS)
RBI’s panel suggests measures to strengthen core investment companies
News:The Reserve Bank of India(RBI) panel to review the regulatory and Supervisory Framework for Core Investment Companies headed by Tapan Ray has submitted its report. Facts: About CIC’s: Core Investment Companies (CICs) are Non-Banking Financial Companies(NBFCs) having asset size of Rs 100 crore and above. The main business of CIC is of acquisition of shares… Continue reading RBI’s panel suggests measures to strengthen core investment companies
Government approves Rs 25,000 crore alternate fund for stalled housing projects
News:Government has approved a Rs 25,000-crore special window to provide funding to stalled housing projects. Facts: Why this fund? The government expects this fund to revive the real estate sector, generate employment and provide a boost to the economy through demand for materials like cement. About the fund: The fund will be set up as… Continue reading Government approves Rs 25,000 crore alternate fund for stalled housing projects
Explained:What is trade deficit and what does it signify
News:India has decided not to join the Regional Comprehensive Economic Partnership(RCEP) Agreement as India’s core issues remained unresolved during the negotiations.One of the reason for not joining is the massive trade deficits India has with almost all of the RCEP countries. Facts: About Trade deficit: The trade balance of a country shows the difference between… Continue reading Explained:What is trade deficit and what does it signify
Answers: Mains Marathon – UPSC Mains Current Affairs Questions – November 6, 2019
Q.1) “The poor are not only deprived of access to material benefits, but are robbed of the opportunity to participate in social, economic and cultural transactions from a plane of equality.” Comment. Answers Q.2) “Revival of the traditional Indian systems of medicine, which comprises Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homeopathy (AYUSH), along with… Continue reading Answers: Mains Marathon – UPSC Mains Current Affairs Questions – November 6, 2019
Must Read News Articles-November 7th 2019
GS-2 India, Russia to form aftersales support groups India and Russia on Wednesday agreed to form specific working groups for aftersales support of key defence platforms and intensify efforts to finalise a cooperation programme for 2021-2030. ‘Give report on CIC postings’ SC has asked the govt. to look beyond retired bureaucrats An unwanted booster dose… Continue reading Must Read News Articles-November 7th 2019
Mains Marathon Daily Current Affairs Questions and Answer Writing – November 7th, 2019
Q.1) “With rising pollution levels in Indian cities, India needs a Clean Air Act and an autonomous new body to enforce it.” Comment. The Hindu Q.2) “Without any harmony and co-ordination among various institutions and bodies, a society cannot progress and live in peace.” Discuss in the light of recent brawl between Delhi police and… Continue reading Mains Marathon Daily Current Affairs Questions and Answer Writing – November 7th, 2019
