What is the News? The Indian Railways completes the Arch closure of the iconic Chenab Bridge. About Chenab Bridge: Chenab Bridge is an Indian railway steel and concrete arch bridge. It is under the construction between Bakkal and Kauri in the Reasi district of Jammu and Kashmir. Length: The bridge is being constructed over the… Continue reading Railways Completes Arch Closure of “Chenab bridge”
Tag: ECO_10
SC Issues Directions for “Accident Information Report”
What is the News? The Supreme Court issues directions to police, Motor Accidents Claims Tribunals(MACTs), and insurance companies regarding accident information reports. The aim of the directions is to make the compensation process to victims more smooth and claimant-friendly. What was the case? The Insurance company Bajaj Allianz filed a writ petition in the Supreme… Continue reading SC Issues Directions for “Accident Information Report”
National Bank for Financing Infrastructure and Development Act, 2021
Introduced: The Bill was introduced in Lok Sabha on 22/03/2021 as a Government Bill (Ministry of Finance, Corporate Affairs and Information & Broadcasting). Present Status: The Bill was passed in both the Houses and received President’s assent on 28.03.2021. About National Bank for Financing Infrastructure and Development (NBFID) Act,2021 Aim: The Act seeks to establish… Continue reading National Bank for Financing Infrastructure and Development Act, 2021
What are “DFIs or Development Finance Institutions”?
Contents1 What is the News?2 About DFIs:3 Key Features of DFIs Development Finance Institution :4 DFIs Development Finance Institution in India: What is the News? The Union Cabinet has approved a bill to set up a DFI (Development Finance Institution). It will be called National Bank for Financing Infrastructure and Development (NaBFID). Click Here to… Continue reading What are “DFIs or Development Finance Institutions”?
Cabinet Clears Proposal for Setting up of “Development Finance Institution (DFI)”
What is the news? The Union Cabinet approved a bill to set up a Development Finance Institution(DFI). It will be called National Bank for Financing Infrastructure and Development (NaBFID). About National Bank for Financing Infrastructure and Development (NaBFID): Owned by: Initially, the Government of India will own it with a 100% stake. It will gradually… Continue reading Cabinet Clears Proposal for Setting up of “Development Finance Institution (DFI)”
“Shramik Kalyan Portal” of Indian Railways
What is the News? Indian Railways ensured 100% compliance with the minimum wage pay to contract workers. E-application Shramik Kalyan Portal used for this purpose. About Shramik Kalyan Portal: Launched by: the Indian Railways in the year 2018. Purpose: to ensure compliance with the provisions of the Minimum Wages Act. Also, to ensure that contractual… Continue reading “Shramik Kalyan Portal” of Indian Railways
PM to inaugurate “Maitri Setu Bridge”
What is the News? The Prime Minister will inaugurate the ‘Maitri Setu’ bridge between India and Bangladesh. About Maitri Setu: Constructed by: National Highways and Infrastructure Development Corporation Ltd. Maitri Setu is a bridge between India and Bangladesh. It is a 1.9 km long bridge over the Feni River. This bridge will connect Sabroom in… Continue reading PM to inaugurate “Maitri Setu Bridge”
Financial distress in Railways : Reasons and Way Forward
Synopsis: Despite several reforms, Railways is facing financial distress. This article highlights the issues and suggests solutions for financial distress in Railways. Recent developments In 2016, the Railway Budget was merged with the General Budget. Earlier, Railways had a separate Budget. The Dedicated Freight Corridor will be operational by 2022. It includes The Western Dedicated… Continue reading Financial distress in Railways : Reasons and Way Forward
Government released “Rating mechanism for National Highways”
What is the News? The Ministry of Road Transport & Highways(MoRTH) released the first-ever rating mechanism for National Highways. About the rating mechanism for National Highways: Conducted by: National Highways Authority of India (NHAI) under the Ministry of Road Transport & Highways(MoRTH). Objective: The fundamental objective of highway rating is “Minimum time with maximum safety… Continue reading Government released “Rating mechanism for National Highways”
PM inaugurated ‘Maritime India Summit 2021’
What is the News? The Prime Minister has inaugurated the Second edition of the”Maritime India Summit 2021′. About the Maritime India Summit 2021: Organised by: Maritime India Summit is being organised by the Ministry of Ports, Shipping & Waterways. The FICCI will act as the Industry Partner in this summit. Partner Country: Denmark is the… Continue reading PM inaugurated ‘Maritime India Summit 2021’
