What is the News? RBI has cancelled the Certificate of Registration(CoR) issued to P C Financial Services Pvt Ltd, which was primarily engaged in mobile app-based lending operations through an app called ‘Cashbean’. The registration was cancelled as the company was found charging a usurious rate of interest and other charges to its borrowers in… Continue reading Explained: Why digital lenders have come under the scanner
Author: Abdul
Indian grey hornbill reintroduced in Gir after decades
What is the News? Gujarat Forest Department is reintroducing the Indian grey hornbill(IGH) in Gir Forest after almost ninety years when they vanished from this largest contiguous forest tract in western India. What is an Indian Grey Hornbill? Indian Grey Hornbill ( Ocyceros birostris) is a fairly common hornbill species found only in the Indian… Continue reading Indian grey hornbill reintroduced in Gir after decades
International Intellectual Property Index: India’s overall ranking on IP protection improves, says USCC report
What is the News? The International Intellectual Property Index, 2022 has been released. What is the International Intellectual Property Index? Released by: Compiled by the US Chambers of Commerce. Type: Annual report Purpose: The index benchmarks the IP framework in 55 global economies, with Ghana and Honduras added as two new economies in the tenth… Continue reading International Intellectual Property Index: India’s overall ranking on IP protection improves, says USCC report
What rising loan disbursals mean for the economy?
Contents1 What is the News?2 How does bank credit help the economy?3 What impacts bank credit disbursal?4 Why was there a slowdown in bank credit during the pandemic?5 Why is there an increase in Bank Credit growth now? What is the News? There has been a rise in lending by commercial banks in recent months.… Continue reading What rising loan disbursals mean for the economy?
Russia-Ukraine crisis may give India opportunity to export more wheat
What is the News? The Russia-Ukraine conflict may give India an opportunity to ship more wheat in the global markets. How much do Russia and Ukraine contribute to Wheat exports? Russia is the world’s largest exporter of wheat, accounting for more than 18% of international exports. In 2019, Russia and Ukraine together exported more than… Continue reading Russia-Ukraine crisis may give India opportunity to export more wheat
Council of Europe suspends Russia
What is the News? The Council of Europe has suspended Russia from its rights of representation in the Council. However, Russia was not permanently removed from the council, thus obligated to follow its human rights provisions. What is the Council of Europe? The Council of Europe was founded in 1949 by the Treaty of London.… Continue reading Council of Europe suspends Russia
Compensation to Victims of Hit and Run Motor Accidents Scheme, 2022: Hit-and-run deaths: Govt notifies 8-fold hike in relief to Rs 2 lakh
What is the News? The Government has released “The Compensation to Victims of Hit and Run Motor Accidents Scheme, 2022”. Note: According to the government data, 3.66 lakh road accidents occurred in the country in 2020 resulting in 1.31 lakh deaths. What is Compensation to Victims of Hit and Run Motor Accidents Scheme, 2022? Released… Continue reading Compensation to Victims of Hit and Run Motor Accidents Scheme, 2022: Hit-and-run deaths: Govt notifies 8-fold hike in relief to Rs 2 lakh
India launches Operation Ganga to evacuate stranded Indian nationals in Ukraine
What is the News? The Government of India has launched Operation Ganga. What is Operation Ganga? Operation Ganga was launched to help stranded Indian nationals come back to India from Ukraine through special flights amidst the Russian invasion of Ukraine. Since Ukraine is currently a no-fly zone, citizens and students are being evacuated to nearby… Continue reading India launches Operation Ganga to evacuate stranded Indian nationals in Ukraine
Cabinet approves implementation of Ayushman Bharat Digital Mission
What is the News? The Union Cabinet has approved the Ayushman Bharat Digital Mission (ABDM). What is Ayushman Bharat Digital Mission(ABDM)? Nodal Ministry: Ministry of Health and Family Welfare Type: Central Sector Scheme Aim: To create a seamless online platform through the provision of a wide range of data, information and infrastructure services. It will… Continue reading Cabinet approves implementation of Ayushman Bharat Digital Mission
Role of Market Infrastructure Institutions(MIIs)
Contents1 What is the News?2 What are Market Infrastructure Institutions (MIIs)?3 Which institutions in India qualify as MIIs?4 Why are governance norms critical in the regulation of MIIs? What is the News? National Stock Exchange(NSE), the country’s largest equities and derivatives exchange was fined by SEBI for laxity in governance pertaining to actions taken during… Continue reading Role of Market Infrastructure Institutions(MIIs)
