As a result of the Covid-19 pandemic induced economic slowdown, the commercial banks are about to witness the spike in NPAs, or bad loans. To deal with it, Reserve Bank of India (RBI) Governor is considering the proposal for the creation of a bad bank. What is a Bad Bank? A bad bank is an asset reconstruction company (ARC), involved in management and recovery of bad loans or NPAs of other banks. Generally, these Banks are initially funded… Continue reading Establishment of Bad Banks – associated Issues and Significance
Category: daily news
Trade with China shrank in 2020, deficit at five-year low
News: According to the data from China’s General Administration of Customs (GAC), India’s trade with China declined in 2020 to the lowest level since 2017, with the trade deficit narrowing to a five-year low as India imported far fewer goods from China. Facts: Source: The Hindu Data Related to Trade between India and China: Bilateral Trade: The… Continue reading Trade with China shrank in 2020, deficit at five-year low
New opportunities for India in Afghanistan
Synopsis: Change of power in the US has provided India with an opportunity to re-engage with Afghanistan. Introduction The National Security Advisor(NSA) Ajit Doval paid a 2-day visit to Kabul. It was the first trip to Afghanistan, by a top Indian official, since the start of Doha Talks between Taliban and Afghan republic representatives. Both sides… Continue reading New opportunities for India in Afghanistan
Second Edition of Coastal Defence Exercise Sea Vigil Begins
News: The second edition of the biennial pan-India coastal defence exercise ‘Sea Vigil-21’ has started. Facts: Exercise Sea Vigil: The inaugural edition of the exercise was conducted in January 2019. The exercise is being undertaken along the entire 7516 km coastline and Exclusive Economic Zone of India. Coordinated by: It is coordinated by the Indian Navy and involves… Continue reading Second Edition of Coastal Defence Exercise Sea Vigil Begins
National Youth Parliament Festival 2021
News: Prime Minister of India has addressed the valedictory function of the second National Youth Parliament Festival, 2021. Facts: National Youth Parliament Festival: It is organized by the Ministry of Youth Affairs and Sports, Government of India in collaboration with one of the State Governments. But this year, the Ministry of Youth Affairs and Sports has decided… Continue reading National Youth Parliament Festival 2021
More wildlife in Aravallis at Faridabad, Gurgaon than at Asola, need better protection: Study
News: According to a Study, the wildlife corridor of the Aravallis in Gurgaon and Faridabad harbours a richer variety of mammals than the Asola Wildlife Sanctuary despite not having as much protection. Facts: About the Study: The study was conducted under the Worldwide Fund for Nature’s small grants programme and was supported by the non-profit Centre… Continue reading More wildlife in Aravallis at Faridabad, Gurgaon than at Asola, need better protection: Study
Government released Management Effectiveness Evaluation Report for protected areas
News: Union Environment Minister has released Management Effectiveness Evaluation (MEE) of 146 National Parks and Wildlife Sanctuaries. Facts: What is Management Effectiveness Evaluation (MEE)? Management Effectiveness Evaluation(MEE) tool is increasingly being used by governments and international bodies to understand the strengths and weaknesses of the protected area management systems. It is defined as the assessment of… Continue reading Government released Management Effectiveness Evaluation Report for protected areas
Union Minister inaugurates 5th National Kayakalp Awards
News: Union Minister of Health and family Welfare has inaugurated the 5th National Kayakalp Awards. Facts: National Kayakalp awards: It was launched by the Ministry of Health and Family Welfare in 2015 as part of the Swachh Bharat Abhiyan to ensure hygiene, sanitation and cleanliness in Public Health Facilities in India. Aim: The award recognises and facilitates those… Continue reading Union Minister inaugurates 5th National Kayakalp Awards
BEE Launches SAATHEE Portal to Track State Energy Efficiency Targets
News: Bureau of Energy Efficiency(BEE) has launched SATHEE Portal and Standards and Labelling Programme for Air Compressors and Ultra High Definition(UHD) TV during the 30th National Energy Conservation Awards(NECA). Facts: SATHEE Portal: SAATHEE stands for State-wise Actions on Annual Targets and Headways on Energy Efficiency. Purpose: It is a Management Information System (MIS) portal which will facilitate real-time… Continue reading BEE Launches SAATHEE Portal to Track State Energy Efficiency Targets
Supreme Court stays implementation of 3 farm laws
News: The Supreme Court has stayed the implementation of Three Farm Laws until further Orders. Facts: Summary of the Supreme Court Order: Stay on Farm Laws: Implementation of three farm laws namely The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, The Essential Commodities (Amendment) Act and The Farmers (Empowerment and Protection) Agreement on Price Assurance… Continue reading Supreme Court stays implementation of 3 farm laws
