The government is considering a proposal from the Reserve Bank of India(RBI) seeking more powers to improve its regulatory and supervisory mechanism for non-banking financial companies(NBFCs). This proposal came after RBI had called for greater surveillance on large entities in India’s Non-banking financial companies(NBFC) as their failure could lead to losses that are similar to… Continue reading Govt may enhance RBI powers for better supervision of NBFCs
Author: ForumIAS
LS passes Bill for quota in teachers’ posts
The Lok Sabha has passed the Central Educational Institutions (Reservation in Teachers’ Cadre) Bill, 2019. The bill ensures reservations in teaching positions in central institutions for persons from Scheduled Castes/Tribes,Other backward classes (OBCs) and those from economically weaker sections. The bill applies to central educational institutions which include universities set up by Acts of Parliament,institutions… Continue reading LS passes Bill for quota in teachers’ posts
Panel of CMs to suggest sweeping agriculture reforms
The Central government has set up a high powered committee of seven chief ministers led by Maharashtra’s CM as its convenor. The panel will suggest measures to transform Indian agriculture and raise farmers’ income. The Terms of reference(ToR) of the panel include suggestions on modalities for adoption and time-bound implementation of two key model Acts… Continue reading Panel of CMs to suggest sweeping agriculture reforms
New policy to aim to bring e-tailers, brick-and-mortar businesses closer
The Government is considering to bring a national policy on retail trade. This policy is being brought as e-commerce firms are looking to expand into new segments such as groceries alongside penetrate into India’s geography.This will widen the conflict between online retailers and traditional ones. The retail policy is expected to cover different segments and… Continue reading New policy to aim to bring e-tailers, brick-and-mortar businesses closer
West Bengal and Odisha yet to implement BJP-led government’s Poshan Abhiyaan
The ministry of women and child development has informed the Parliament that all states except West Bengal and Odisha are implementing the National Nutrition Mission(NNM), also called Poshan Abhiyaan. The minister also said that states such as Goa and Karnataka have not utilised any of the funds released so far under NNM. Further,the National Family… Continue reading West Bengal and Odisha yet to implement BJP-led government’s Poshan Abhiyaan
5G trials: Chinese official urges India to include Huawei
Chinese official has requested India to include Huawei in its 5G trials despite the U.S. government’s opposition to the Huawei. The US administration has barred use or installation of Huawei 5G technology equipped devices in critical infrastructure and offices related to security establishment. The US has also been lobbying with friendly nations to boycott Huawei… Continue reading 5G trials: Chinese official urges India to include Huawei
Manufacturing PMI dips to 52.1
According to Nikkei India Manufacturing Purchasing Managers’ Index (PMI) data,manufacturing activity has stood at 52.1 in June,2019 down from the three-month high of 52.7 in May,2019. The manufacturing activity has slowed down due to lesser number of new orders.But the consumer goods was the key source of growth with the sector registering robust increases in… Continue reading Manufacturing PMI dips to 52.1
Core sector growth slows to 5.1%
According to the data released by the commerce and industry ministry, the growth in the eight core sectors has slowed down to 5.1% in May,2019.This growth was lower than the 6.3% seen in April 2019. The slowdown was led by slow growth in the coal and refinery products sector.However,the strongest performer among the eight sectors… Continue reading Core sector growth slows to 5.1%
Coming soon, an app that will track your carbon footprint
The Maharashtra State government has announced that it will launch an app to track citizens’ carbon footprint. The aim is to reduce pollution and carbon emission in Maharashtra. The app will be able to count the everyday carbon emission of a citizens and suggest measures to reduce it depending on the count. Those who achieve… Continue reading Coming soon, an app that will track your carbon footprint
Finally, aircraft carrier Viraat to be scraped
The government has informed Parliament that it has decided to scrap aircraft carrier INS Viraat. INS Viraat was decommissioned in 2017. INS Viraat is a Centaur class aircraft carrier. The crest of Viraat shows an eagle which symbolizes air power and the five arrows held in the talons of the eagle depict the ship’s versatile… Continue reading Finally, aircraft carrier Viraat to be scraped
