• Union Minister for Micro, Small and Medium Enterprises said that government is working on a policy to enable an MFI fund even the smallest of businesses. Key highlights: • It is aimed to increase liquidity in the market which…
• Code was introduced in LokSabha in 2019 and then referred to the Standing Committee by the Speaker. • CSS replaces nine laws related to social security, including Employees’ Provident Fund Act, 1952, Maternity Benefit Act, 1961, and Unorganised Workers…
• The Union Cabinet has given its approval for developing of Affordable Rental Housing Complexes (AHRCs) for urban migrants/poor as a sub-scheme under Pradhan Mantri Awas Yojana – Urban (PMAY – U). About: • Existing vacant government funded housing complexes…
• To protect depositors, the Centre has decided to bring all urban and multi-State cooperative banks under the supervision of the RBI. The Union Cabinet approved an ordinance to this effect. About: • RBI’s powers on scheduled banks would be…
• China will join the UN Arms Trade Treaty that is designed to control the flow of weapons into conflict zones. It comes after U.S. President Donald Trump announced plans last year to pull the U.S. out of the agreement.…
• The Shipping Ministry has invited ship owners worldwide to flag their ships in India to take advantage of the Make in India policy. Key highlights: • Government has recently revised its Make in India Policy for public procurement, among…
• The power ministry has asked state-owned Power Grid Corporation of India Ltd (PGCIL) to set up a central transmission utility (CTU) with separate accounting and board structure. Key highlights: • PGCIL is engaged in power transmission business with the…
• China under the multi-billion-dollar CPEC will set up a 1,124-megawatt power project in Pakistan-occupied Kashmir. • Despite India’s objection to it, the details of the Kohala hydropower project was presented in the 127th meeting of the Private Power and…
• The Union Minister for Electronics and IT launched a National Program for the youth called “Responsible AI for Youth”. Key highlgihts: • To empower the youth to become AI ready and help reduce the skill gap, while enabling youth…
• The Army Commanders’ Conference, scheduled for April 2020 and postponed due to COVID-19 pandemic is being organised in two phases. First phase of the Conference was conducted at South Block, New Delhi from 27 to 29 May 2020. About:…
• Foreign direct investment (FDI) in India grew by 13% to a record of $49.97 billion in the 2019-20 financial year, according to official data released by the Department for Promotion of Industry and Internal Trade (DPIIT). About: • FDI…
• The Indian Railways has operationalized its first 12,000 hp electric locomotive manufactured locally by French rolling stock manufacturer Alstom. The loco is named WAG12 with Number 60027. About: • The locomotive made its maiden commercial run between Deen Dayal…
