India has contributed USD 5 million to the United Nations Relief and Works Agency (UNRWA) for Palestinian Refugees.India has also called for ensuring sustained fiscal support for the organisation’s work. India has increased its annual financial assistance to the UNRWA by four fold from USD 1.25 million to USD 5 million when Indian Prime Minister… Continue reading India contributes USD 5 million to UN Palestine refugee agency
Author: ForumIAS
Bangladesh signs uranium supply deal with Russia
Bangladesh has signed a nuclear fuel supply agreement with Russia for Rooppur Nuclear Power Plant project. The deal was signed between the Bangladesh Atomic Energy Commission and Russian Nuclear Fuel Supply Company(TVEL). Rooppur Nuclear Power Plant is an under-construction 2.4 GWe nuclear power plant in Bangladesh.It will be the Bangladesh first nuclear power plant and… Continue reading Bangladesh signs uranium supply deal with Russia
Lok Sabha adjourned sine die
The 1st session of the 17th Lok Sabha has been adjourned sine die. The speaker termed this session as the most productive session since 1952.In this session,the Lok Sabha passed 36 Bills which is more than Bills passed in 1952. Adjournment sine die means terminating a sitting of house for an indefinite period.In other words,when… Continue reading Lok Sabha adjourned sine die
Rajya Sabha passes bill on National Institutes of Design in four states
Rajya Sabha has passed the National Institute of Design (Amendment) Bill,2019.The Bill seeks to amend the National Institute of Design Act, 2014. The bill seeks to declare four National Institutes of Design in Andhra Pradesh, Madhya Pradesh, Assam and Haryana as institutions of national importance. Currently,these institutes are registered as Societies under the Societies Registration… Continue reading Rajya Sabha passes bill on National Institutes of Design in four states
RBI lowers repo rate by 35 basis points to 5.40%
The Reserve Bank of India’s (RBI) monetary policy committee (MPC) has lowered its repo rate by 35 basis points to 5.4%.Repo stands for ‘Repurchasing Option’.It refers to the rate at which commercial banks borrow money from the RBI. RBI has also kept the door open for lowering rates further by retaining an accommodative policy stance.… Continue reading RBI lowers repo rate by 35 basis points to 5.40%
Explained: Why RBI’s monetary policy matters
The Monetary Policy Committee of the RBI has decided to cut the repo rate by 35 basis points to 5.4%. The monetary policy is important as any economic activity which is measured by GDP happens by (a) private individuals and households spend money on consumption (b)the government spends on its agenda (c)private sector investment and… Continue reading Explained: Why RBI’s monetary policy matters
RBI allows round-the-clock fund transfers under NEFT from December
The Reserve Bank of India(RBI) has announced that the National Electronic Funds Transfer(NEFT) systems would be available on a 24×7 basis from December 2019. At present,the NEFT payment system operated by the Reserve Bank of India is available to customers from 8am to 7pm on all working days with the exception of second and fourth… Continue reading RBI allows round-the-clock fund transfers under NEFT from December
Banks’ exposure limits, lending norms eased for stressed NBFCs
The Reserve Bank of India (RBI) has announced several measures to enhance credit flow to the cash-starved non-banking financial companies (NBFC) sector. The RBI has raised any bank’s exposure limit to a single NBFC from the existing 15% to 20% of tier-1 capital.This will ease liquidity pressure in the NBFCs. RBI has also allowed bank… Continue reading Banks’ exposure limits, lending norms eased for stressed NBFCs
India signs UNISA; experts call for local laws supporting treaty
Indian Government has signed the United Nations Convention on International Settlement Agreements(UNISA). The United Nations General Assembly adopted the United Nations Convention on International Settlement Agreements Resulting from Mediation in 2018. The UN has authorized that the Convention will be open for signature in Singapore and will be known as the “Singapore Convention on Mediation”.… Continue reading India signs UNISA; experts call for local laws supporting treaty
Pakistan downgrades diplomatic ties, suspends trade with India
Pakistan has decided to downgrade it diplomatic ties with India and suspend bilateral trade. This decision comes after Indian Parliament adopted a resolution scrapping special status to J&K under Article 370 and passed a bill bifurcating the state into two Union territories of Jammu and Kashmir and Ladakh. Pakistan has also decided to approach the… Continue reading Pakistan downgrades diplomatic ties, suspends trade with India
