Day May 14, 2020

Liquidity boost to NBFCs HFCs and MFIs

• Union Minister of Finance announced further liquidity support to non-banking financial companies (NBFCs), housing finance companies (HFCs), and microfinance institutions (MFIs) under the Aatma Nirbhar Bharat Abhiyaan. About: • Rs 30,000 crores Special Liquidity Scheme for NBFC/HFC/MFIs • Government…

Reduced in TDS and TCS rates

• Union Finance Minister announced that Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) have been reduced by 25 percent till 31st March of next year. About: • This decision will increase the cash flow of over…

Direct seeding of rice

• Due to a shortage of laborers in Punjab and Haryana, farmers are now being encouraged to adopt the ‘direct seeding of rice’ (DSR) in place of conventional transplanting. Normal transplanting of paddy: • In transplanting, farmers prepare nurseries where…

Global Nutrition Report 2020

• According to the Global Nutrition Report 2020, India is among 88 countries that are likely to miss global nutrition targets by 2025. It also identified the country as one with the highest rates of domestic inequalities in malnutrition. About:…

India CO2 emission fall

• According to an analysis by the Centre for Research on Energy and Clean Air (CREA), for the first time in four decades, emissions of toxic carbon dioxide have declined in the country — thanks to an economic slowdown, growth…