The Reserve Bank of India has decided to increase the housing loan limits for Regional Rural Banks(RRBs) and Small Finance Banks(SFBs). Further,all such loans will be classified by these banks as priority sector loans. The eligibility cap has been increased to ₹35 lakh in metropolitan areas and ₹25 lakh in other centres provided the overall… Continue reading RBI raises cap on home loans by SFBs, RRBs
Author: ForumIAS
Indian Navy’s submarine ‘Vela’ of Project 75 launched
Indian Navy has launched Scorpene class Submarine Vela.The submarine has been named Vela after an earlier submarine which was the lead submarine of the erstwhile Vela class. Vela is the fourth of six planned Scorpene-class submarines.The six submarines will replace the Indian Navy’s ageing Sindhughosh and Shishumar class of submarines. Scorpene class submarines is a… Continue reading Indian Navy’s submarine ‘Vela’ of Project 75 launched
After 36 years,Indian Navy’s frontline missile destroyer INS Ranjit to be decommissioned
The Indian Navy’s frontline missile destroyer,INS Ranjit will be decommissioned at the naval dockyard in Visakhapatnam after having served for 36 years. INS Ranjit was the third of the five Kashin-class destroyers built by erstwhile USSR. INS Ranjit was commissioned on 24 November 1983 by the Indian Navy.It is the third of the five Rajput-class… Continue reading After 36 years,Indian Navy’s frontline missile destroyer INS Ranjit to be decommissioned
New initiative measuring violent deaths worldwide
Stockholm International Peace Research Institute(SIPRI) has launched a new initiative called Global Registry of Violent Deaths(GReVD) to establish the annual number of violent deaths worldwide. SIPRI’s Global Registry of Violent Deaths (GReVD) will count the deaths caused by all forms of violence and display these in an open-source database. This will allow researchers,policymakers and the… Continue reading New initiative measuring violent deaths worldwide
Army to induct 460 Russian origin tanks to add muscle on Pak front
Indian Army has decided to induct an additional 460 Russian-origin upgraded T-90 ‘Bhishma’ battle tanks.This comes after the cabinet committee on security had earlier cleared the license acquisition from Russia. The order to produce the 464 T-90 tanks will soon be given to Avadi Heavy Vehicle Factory(HVF) which works under the Ordnance Factory Board.These tanks… Continue reading Army to induct 460 Russian origin tanks to add muscle on Pak front
Emissions fiasco: No coercive action against Volkswagen, says SC
The Supreme Court (SC) has stayed an order of the National Green Tribunal (NGT) imposing a fine of ₹500 crore on Volkswagen AG.The NGT had imposed the fine on Volkswagen for harming the environment. The NGT had fined ₹500 crore for allegedly damaging the environment by using cheat device in its diesel cars sold in… Continue reading Emissions fiasco: No coercive action against Volkswagen, says SC
Discom debt to return to pre-UDAY levels
According to the credit ratings agency Crisil,the debt of state-owned electricity distribution companies(discoms) is set to increase to pre-Ujwal Discom Assurance Yojana(UDAY) levels of ₹2.6 lakh crore by the end of 2019-20. The Ujwal Discom Assurance Yojana(Uday) was launched in 2015.It envisaged state governments taking over 75% of the utilities debts,thus reducing the interest burden… Continue reading Discom debt to return to pre-UDAY levels
Explained: Dissent in the Election Commission – what the rules say
According to a report,one of the Election Commissioner has dissented with the opinion of other Election Commissioners in five different matters pertaining to alleged violations of the Model Code of Conduct (MCC). Section 10 (Disposal of business by Election Commission) of The Election Commission (Conditions of Service of Election Commissioners and Transaction of Business) Act,1991… Continue reading Explained: Dissent in the Election Commission – what the rules say
Sushma Swaraj, Shah Mehmood Qureshi to attend SCO meet
The foreign ministers of India and Pakistan will be attending a meeting of the Shanghai Cooperation Organisation Council of Foreign Ministers in Bishkek, Kyrgyzstan on May 21,2019. This meeting could provide an opportunity for the two countries to explore the possibility of engagement.The official dialogue between India and Pakistan has been at a standstill since… Continue reading Sushma Swaraj, Shah Mehmood Qureshi to attend SCO meet
Can’t ensure cheaper oil for India,says US
US commerce secretary has said that the US government cannot ensure sale of its oil to India at cheaper rates as the commodity is controlled by private companies. Recently,India had stopped importing crude oil from Iran following the US move to end sanction waivers.Iranian oil was a profitable buy for India as supplies from Iran… Continue reading Can’t ensure cheaper oil for India,says US
