What is the News? Reserve Bank of India(RBI) has taken out IDBI Bank from the prompt corrective action(PCA) framework. But it is still subject to certain conditions and continuous monitoring. What is Prompt corrective action(PCA) Framework? PCA is an RBI framework. Banks with weak financial metrics are put under the PCA framework by the Reserve… Continue reading IDBI Bank out of “PCA framework”
Author: Abdul
National Capital Territory of Delhi Laws Second (Amendment) Bill, 2020
Introduced: Rajya Sabha (8th Feb 2021) Passed: Rajya Sabha (9th Feb 2021) Passed: Lok Sabha (10th March 2021) Present status: Received assent on 12th Mar 2021 and converted to Act. About National Capital Territory of Delhi Laws Second (Amendment) Bill, 2020: Ministry: Housing and Urban Poverty Alleviation The bill amends the National Capital Territory of… Continue reading National Capital Territory of Delhi Laws Second (Amendment) Bill, 2020
Astronomers discover most distant “Quasar P172+18”
What is the news? International team of astronomers discovers the most distant ‘Radio-Loud’ Quasar. It is named “P172+18”. P172+18 discovered with the help of the European Southern Observatory’s Very Large Telescope (ESO’s VLT). About P172+18: P172+18 is a quasar. It emitted wavelengths with a redshift of 6.8. The higher the redshift of the radio wavelength,… Continue reading Astronomers discover most distant “Quasar P172+18”
India Not Part of “Troika-plus-Pakistan Conference”
What is the News? Russia has planned to hold a Troika-plus-Pakistan conference on Afghanistan in Moscow, Russia. About the Troika-plus-Pakistan Conference: Troika-plus-Pakistan meeting involves consultations between the US, Russia, China, Pakistan along with the representatives of the Afghanistan government, Taliban, and other senior Afghan leaders. 2 Such meetings held in 2020. Purpose: The meeting is… Continue reading India Not Part of “Troika-plus-Pakistan Conference”
Biden’s “Afghanistan Peace Plan”
What is the News? The US administration has proposed a new peace plan to the Afghan government and the Taliban. It aims to bring violence to a halt in Afghanistan. What are the Key Features of Biden’s Afghanistan Peace plan? UN Summit: United Nations will convene a meeting of the foreign ministers from China, Russia,… Continue reading Biden’s “Afghanistan Peace Plan”
Cabinet approves “Pradhan Mantri Swasthya Suraksha Nidhi | PMSSN”
What is the News? The Union Cabinet approves the Pradhan Mantri Swasthya Suraksha Nidhi (PMSSN). About Pradhan Mantri Swasthya Suraksha Nidhi(PMSSN): This program will ensure access to universal & affordable health care through a fund that does not lapse at the end of the financial year. Features: It has been set up as a single… Continue reading Cabinet approves “Pradhan Mantri Swasthya Suraksha Nidhi | PMSSN”
Cabinet clears “74% FDI in Insurance Sector”
What is the news? The Union Cabinet has approved a proposal to amend the Insurance Act, 1938. It will increase the foreign direct investment (FDI) limit in the insurance sector to 74% from 49%. Conditions: The increase in the foreign direct investment(FDI) limit in the insurance sector comes with safeguards such as: The majority of… Continue reading Cabinet clears “74% FDI in Insurance Sector”
The Doha agreement and Afghan Peace Process
What is the News? The U.S Secretary of State has confirmed the US intention to fully withdraw all forces from Afghanistan as per the Doha Agreement. About Doha Agreement: In 2020, the United States signed a historic deal with the Taliban. The deal aims to end the 18-year-war in Afghanistan. The deal was signed in… Continue reading The Doha agreement and Afghan Peace Process
Indo-Uzbek Joint “Exercise Dustlik-ll”
What is the News? Exercise Dustlik-II between India and Uzbekistan will be held in Uttarakhand from March 10 to 19. About Exercise Dustlik-II: Exercise Dustlik is a military exercise between the Indian Army and Uzbekistan Army. First Edition: The first edition of the Exercise Dustlik was held in 2019 at Tashkent, Uzbekistan. Aim: The aim… Continue reading Indo-Uzbek Joint “Exercise Dustlik-ll”
‘Mobilising Electric Vehicle Financing in India’ – A report of NITI Aayog
What is the News? NITI Aayog and Rocky Mountain Institute(RMI) India jointly releases a new report titled ‘Mobilising Electric Vehicle Financing in India’. Purpose of the Mobilising Electric Vehicle Financing in India report: The report highlights the role of finance in India’s transition to electric vehicles(EVs). Further, the report also identifies solutions for capital and… Continue reading ‘Mobilising Electric Vehicle Financing in India’ – A report of NITI Aayog
