Source: The post is based on the article “Banks request RBI for more time to implement new ECL-based loan loss provisioning norms” published in Indian Express on 22nd May 2023 Contents1 What is the News?2 What is a loan-loss provision?3 What is the current approach followed for loan-loss provision?4 What is Expected Credit Loss (ECL)-based… Continue reading Banks request RBI for more time to implement new ECL-based loan loss provisioning norms
What is the ‘Open Network for Digital Commerce’?
Source: The post is based on the article “What is the ‘Open Network for Digital Commerce’?” published in The Hindu on 22nd May 2023 Contents1 What is the News?2 What is Open Network for Digital Commerce(ONDC)?3 What is the purpose of launching ONDC?4 What is the criticism against ONDC? What is the News? The Union… Continue reading What is the ‘Open Network for Digital Commerce’?
Ganga Praharis Initiative: Guardians of the Ganga: task force keeps a watchful eye on the river
Source: The post is based on the article “Guardians of the Ganga: task force keeps a watchful eye on the river” published in The Hindu on 22nd May 2023 What is the News? Over 4,000 Ganga Praharis under the Namami Gange initiative have been keeping a check on littering and poaching in the Ganga River… Continue reading Ganga Praharis Initiative: Guardians of the Ganga: task force keeps a watchful eye on the river
Govt cuts subsidy on electric 2-wheelers
Source: The post is based on the article “Govt cuts subsidy on electric 2-wheelers” published in Livemint on 22nd May 2023 What is the News? Ministry of Heavy Industries has cut the subsidy on electric two-wheelers in an effort to overhaul the financial incentives given to this growing industry. What has been announced by the government… Continue reading Govt cuts subsidy on electric 2-wheelers
After sugar, it is time to regulate how much salt is being consumed
Source: The post is based on the article “After sugar, it is time to regulate how much salt is being consumed” published in The Hindu on 22nd May 2023 Contents1 What is the News?2 What is the impact on health due to excess salt intake?3 What is the WHO’s target for reducing salt intake?4 How… Continue reading After sugar, it is time to regulate how much salt is being consumed
Return of ₹2,000 currency notes to bolster bank coffers, money market liquidity: report
Source: The post is based on the article “Return of ₹2,000 currency notes to bolster bank coffers, money market liquidity: report” published in The Hindu on 22nd May 2023 What is the News? According to a report, the Reserve Bank of India’s(RBI) decision to withdraw ₹2,000 notes from circulation is likely to improve banking system… Continue reading Return of ₹2,000 currency notes to bolster bank coffers, money market liquidity: report
New metric can help quantify image quality of the Sun taken from ground-based telescopes
Source: The post is based on the article “New metric can help quantify image quality of the Sun taken from ground-based telescopes” published in PIB on 22nd May 2023 What is the News? A new metric has been proposed by scientists that can help quantify the image quality of the Sun taken from ground-based telescopes.… Continue reading New metric can help quantify image quality of the Sun taken from ground-based telescopes
SBI’s u-turn: No slip, ID proof needed to swap ₹2,000 notes
Source: The post is based on the article “SBI’s u-turn: No slip, ID proof needed to swap ₹2,000 notes” published in The Hindu on 22nd May 2023 What is the News? State Bank of India(SBI) has withdrawn its decision on the mandatory filing of a slip for the exchange of ₹2,000 banknotes at its branches.… Continue reading SBI’s u-turn: No slip, ID proof needed to swap ₹2,000 notes
WHO Launches Global Network to Detect Infectious Disease Threat
Source: The post is based on the article “WHO Launches Global Network to Detect Infectious Disease Threat” published in The Hindu on 22nd May 2023 What is the News? The World Health Organization has launched the International Pathogen Surveillance Network(IPSN). What is the International Pathogen Surveillance Network(IPSN)? Purpose: IPSN is a global network to help… Continue reading WHO Launches Global Network to Detect Infectious Disease Threat
These ‘forests’ are disturbing balance
Source: The post is based on the article “These ‘forests’ are disturbing balance” published in The Times of India on 22nd May 2023. Syllabus: GS 3 – Environment News: The article explains concerns associated with forest development corporations (FDCs) and measures needed to address them. What are Forest Development Corporations (FDCs)? FDCs were established by states with… Continue reading These ‘forests’ are disturbing balance
