The Reserve Bank of India(RBI) has started monitoring the liquidity position,asset-liability gap and repayment schedules of housing finance companies(HFCs) on a daily basis. The move to monitor HFCs on a daily basis comes after some HFC had gone into liquidity crisis which had resulted in defaults.This crisis had started since the debt default by IL&FS… Continue reading RBI begins monitoring HFCs
Author: ForumIAS
Payments data must be saved locally: RBI
The Reserve Bank of India (RBI) has clarified that payment system providers need to store entire payments data in a system only in India. The data should include end-to-end transaction details and information pertaining to payment or settlement transaction that is gathered, transmitted as part of a payment message or instruction. The data could be… Continue reading Payments data must be saved locally: RBI
India and U.S. resolve to work through their trade differences
India and the U.S has said that both countries will resolve their differences through talks which had led to deadlock on trade issues. The two countries had discussion of a host of bilateral and global issues such as (a)purchase of S-400 defence system (b)trade irritants (c)Gulf situation (d)Iran crisis (e)counter-terror partnership and (f)India’s proposed laws… Continue reading India and U.S. resolve to work through their trade differences
NEC to hold plenary session in Guwahati on Aug 3 & 4
Union Home Minister will chair the two-day Plenary meeting of the North Eastern Council (NEC) at Guwahati,Assam. The meeting will be co-chaired by Union Minister for Development of North-Eastern Region and will be attended by the Governors and Chief Ministers of all the eight States of the North Eastern region. North Eastern Council (NEC) was… Continue reading NEC to hold plenary session in Guwahati on Aug 3 & 4
APEDA Organizes buyers-sellers meet
Agricultural & Processed Food Products Export Development Authority (APEDA) in association with North Eastern Regional Agricultural Marketing Corporation(NERAMAC) has organised the International Buyers-Sellers Meet in Imphal,Manipur. APEDA chairman said that India’s total agricultural product exports is valued at 38 billion USD for the financial year 2017-18 out of which 50% is contributed through APEDA’s products.… Continue reading APEDA Organizes buyers-sellers meet
U.S.-China trade war may reduce global growth rate
According to Fitch Ratings,the ongoing U.S.-China trade war escalation could reduce the World GDP growth by 0.4% points till 2020 and possibly lead to the lowest growth since 2009. Trade war is a situation where countries restrict each other’s trade by imposing tariffs or quotas on imports.The United States and China are discussing a trade… Continue reading U.S.-China trade war may reduce global growth rate
Giving up wheat, rye may help beat that mystery illness but don’t try it at home
The Indian Journal of Medical Research has described celiac disease which is caused due to an allergy to gluten as an impending epidemic in 2011.It has also been revealed that one of every 140 persons in India is estimated to have celiac disease. Celiac disease is an autoimmune disorder that can occur in genetically predisposed… Continue reading Giving up wheat, rye may help beat that mystery illness but don’t try it at home
Govt eyes strict emission rules to boost EVs
The government is planning to make emission standards stringent to discourage the production and purchase of vehicles that are fitted with internal combustion engines(ICE). NITI Aayog has proposed the mandatory sale of two and three-wheelers Electric Vehicles(EVs) from 2025 but the industry representatives have resisted the shift towards EVs. The government officials are planning of… Continue reading Govt eyes strict emission rules to boost EVs
Govt. to start Jal Shakti Abhiyan for 255 water-stressed districts from July 1
The central government has decided to launch Jal Shakti Abhiyan in 255 water-stressed districts. The programme will run from July 1st to September 15th 2019. Jal Shakti Abhiyan is a time-bound, mission mode, water conservation and irrigation efficiency campaign for water security in rural India. It aims at making water conservation and promotion of… Continue reading Govt. to start Jal Shakti Abhiyan for 255 water-stressed districts from July 1
What is Lunar Evacuation System?
The European Space Agency (ESA) recently tested a device which is designed to assist in astronaut rescue missions on the surface of the Moon. The test was among preparations for NASA’s 2024 Artemis Mission The device is called the Lunar Evacuation System Assembly (LESA). LESA is a pyramid-like structure. It can be operated by a… Continue reading What is Lunar Evacuation System?
