The Reserve Bank of India(RBI) has issued a revised prudential framework for resolution of stressed assets. This revised circular was issued after Supreme Court had declared the RBI’s February 12 circular on the resolution of stressed loans as unconstitutional. The revised circular has given small and medium-sized defaulters enough time to come out from the… Continue reading Explained RBI’s NPA circular: Small and medium firms get reprieve
Author: ForumIAS
Plan to import talent: A third of Deputy Secys from outside
The central government is planning to recruit outside experts at the level of Deputy Secretary and Director to bring efficiency and expertise in the administration. The Department of Personnel and Training has been asked to draft a formal proposal for recruiting around 400 subject experts from outside to occupy Director in the Central Staffing scheme.… Continue reading Plan to import talent: A third of Deputy Secys from outside
Reserve Bank sets up panel to examine ATM charges, fees
The Reserve Bank of India has constituted a high-level committee under IBA Chief V G Kannan to examine ATM charges and fees by banks. The six-member panel will review the existing structures and patterns of costs,charges and interchange fees for ATM transaction. The committee will also review the overall patterns of usage of ATMs by… Continue reading Reserve Bank sets up panel to examine ATM charges, fees
India sides with Israel against Palestine NGO at UN meet
India has voted in support of Israel at the UN’s Economic and Social Council(ECOSOC) to deny observer status to a Palestinian human rights organisation named ‘Shahed’. This is the first time India has taken a step back from its decades-old position on the two-state theory under which India sees both Israel and Palestine as separate… Continue reading India sides with Israel against Palestine NGO at UN meet
‘China getting decimated by tariff war’
The US President has said that the US threat to impose tariffs on Mexico has forced the country to agree to stronger immigration enforcement.He has predicted the same strategy will be successful with China. The US President had slapped tariffs on products from key trading partners China,Canada,Mexico and the European Union in order to push… Continue reading ‘China getting decimated by tariff war’
Quad one way to fix regional issues: Australian envoy
Australian Envoy has urged India to play a greater role in solving the regional problems of the Indo-Pacific region. Australian envoy has said that the quadrilateral grouping of the US, Australia, India, and Japan also known as the Quad was a manifestation of this cooperation. The Quad was formed to ensure and support a free,… Continue reading Quad one way to fix regional issues: Australian envoy
Pre-budget consultations: Industry for tax cuts, more reforms to push investment
Finance Minister has held pre-budget discussions with the industry heads.The industry has suggested various reforms and tax cuts to push investment and growth of the economy. The various reforms suggested are (a)reduction in direct tax rate to a maximum of 18% (b)reducing the dividend distribution tax and (c)reform of land and labour laws. Industry heads… Continue reading Pre-budget consultations: Industry for tax cuts, more reforms to push investment
Scholarship for Minorities: Central Govt
The Centre has announced scholarships for five crore students from minority communities in the next five years. Bridge courses will be provided to girls in eminent institutions of the country to bridge education and employment With an aim to modernise Madrassas, Madrassa teachers will be given training in English, Hindi, Maths, Computer, etc. Focus on… Continue reading Scholarship for Minorities: Central Govt
Must Read News Articles – June 12th, 2019
GS-2 Quad one way to fix regional issues: Australian envoy Australia’s High Commissioner in India has said that there is need for flexibility, agility and speed in solving regional problems and the Quad is “one of many such small groupings” in solving them Virendra Kumar is pro- tem speaker BJP MP from Madhya Pradesh Virendra… Continue reading Must Read News Articles – June 12th, 2019
9 PM Current Affairs Brief – June 11, 2019
Download the compilation ofall summaries of all the news Articles here Centre compulsorily retires 12 senior I-T officers for corruption, extortion & misconduct The government has compulsorily retired 12 senior Indian Revenue Service (income tax) officers under Rule 56 (j) of Fundamental Rules. The decision has been taken in the backdrop of charges of corruption,… Continue reading 9 PM Current Affairs Brief – June 11, 2019
