Author: ForumIAS

RBI announces second set of measures to preserve financial stability

News:The Reserve Bank of India has come out with the second set of monetary policy measures to preserve financial stability after the government has extended the lockdown. Facts: Reverse Repo Rate:It is the short term borrowing rate at which RBI borrows money from banks.It has been cut to 3.75% from 4%. Liquidity Coverage Ratio(LCR): It… Continue reading RBI announces second set of measures to preserve financial stability

Software Technology Parks of India(STPI)

News:Due to Covid-19 and subsequent lockdown, Government of India has decided to provide relief from payment of four month rental to the small IT units operating out of the Software Technology Parks of India(STPI). Facts: Software Technology Parks of India(STPI) is an Autonomous Society set up in 1991 under the Ministry of Electronics and Information… Continue reading Software Technology Parks of India(STPI)

Crisis Recovery Facility

News:Asian Infrastructure Investment Bank(AIIB) has set up a US$10 billion Crisis Recovery Facility in the wake of the Coronavirus pandemic. Facts: Aim: To provide financing to both public and private sector entities within its members facing serious adverse impacts as a result of Coronavirus pandemic. Additional Facts: AIIB: The Asian Infrastructure Investment Bank(AIIB) is an… Continue reading Crisis Recovery Facility

Types of human coronaviruses

News:There are different types of coronaviruses that have been identified to infect humans. Facts: Coronavirus: They are a large family of single-stranded RNA viruses that belong to the Nidovirales order which includes Coronaviridae among three others. The first coronavirus was isolated in 1937 and it was the infectious bronchitis virus (IBV) that caused respiratory disease… Continue reading Types of human coronaviruses

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