• Earlier, RBI had announced “Resolution Framework for COVID-19 related Stress” as a one-time debt restructuring scheme for lenders. About: • RBI also set up Kamath committee to make recommendations on the required financial parameters to be factored in the…
• The Reserve Bank of India (RBI) conducted the first open market operation (OMO) in state development loans (SDLs) buying Rs 10,000 crore of securities under the scheme. • In India, Central Government issues both, treasury bills and bonds or…
• India’s trade deficit with China has shrunk to $12.6 billion between April and August of FY21, from $22.6 billion in the year-ago period. Reasons behind: • Lower imports to India due to sluggish domestic demand. • China’s imports continued…
• Data was recently published by National Bank for Agriculture and Rural Development (NABARD). As on March 31, 2020, there were 45 RRBs functioning in 685 districts of 26 states and 3 UTs. • RRBs were set up as state-sponsored,…
• Department of Science and Technology secretary Ashutosh Sharma has underlined the increasing attention given by India on sharing scientific data with its global partners, the DST said on Sunday. • He underlined the increasing attention given by India to…
• Department of Telecommunications is the custodian and manager of spectrum and decides on the framework for spectrum allocation, licensing, and pricing. Key highlights: • Wireless services may be provided over designated bands which may be either licensed or unlicensed…
• The National Medical Commission (NMC) came into existence from Friday as the country’s apex regulator of medical education and profession replacing the Medical Council of India (MCI). • NMC, constituted under NMC Act, 2019. Act, would replace the Medical…
• The labour codes approved by Parliament will change the way labour laws are legislated, with the Centre bestowing more powers to states to make amendments through the executive route. About: • Under new Labour codes approved by Parliament centre…
• Recently, under Atmanirbhar Bharat package, Centre announced that electricity distribution companies (discoms) in all UTs will be privatised to improve operations and finances of discoms. About: • Power sector follows a federal structure, wherein distribution is a state subject…
• Lok Sabha passed a bill to further amend the Companies Act 2013. • The bill seeks to amend Companies Act, 2013 aiming to improve ease of doing business and will also reduce litigation burden on small businesses. • Companies…
• Government has sought to liberalise the contract labour system through labour codes introduced in Parliament by giving companies a free hand to hire such workers, along with an easier licensing regime. About: • Present contract labour law, Contract Labour…
• Union Minister for Chemicals and Fertilizers D.V. Sadananda Gowda said, by 2023 India will be self-reliant in the production of fertilizers as under Atma Nirbhar Bharat programme new fertilizer manufacturing units are being setup with an investment of Rs…
