• Government has approved three dusters in Madhya Pradesh, two in Rajasthan, and one each in Karnataka, Uttar Pradesh and Tamil Nadu. • These clusters will manufacture toys made of wood, lac, palm leaves, bamboo and fabric. About: • Clusters…
• As per RBI guidelines, a housing finance companies (HFC) is a Non-Banking Financial Company (NBFC) under Companies Act, 2013 that fulfils following conditions: • Whose financial assets, in the business of providing finance for housing, constitute at least 60%…
• The Indian Energy Exchange (IGX) has reached out to government to allow domestic natural gas producers to also sell on IGX platform. It will allow a good volume of gas to be traded on platform and will also encourage…
• The Reserve Bank set up a committee to draw a vision document for strengthening urban co-operative banks (UCBs) and exploring the potential of consolidation in the sector. About: • The panel has to come up with a vision document…
• According to World Bank report, with only 1% of world’s vehicles, India accounts for 11% of global death in road accidents. Key findings of the report: • Road crash and serious injury cost was 7.5% of India’s GDP in…
• Union budget 2021-22 has proposed to launch a portal to collect relevant information on gig workers to help formulate social security schemes for them. • Also, Minimum wages will apply to all categories of workers, and they will all…
• A recent study found that all three types of the neutrinos from the supernovae are important, contrary to the common treatments with only two types. About: • Neutrino is a subatomic particle that is very similar to an electron…
• A study by Reserve Bank of India (RBI) noted that the cost of issuing green bonds has generally remained higher than other bonds in India, largely due to asymmetric information. About: • A green bond is a type of…
• Ministry of New and Renewable Energy clarified that Roof Top Solar scheme is being implemented in the state only by DISCOMs. About: • Solar panels and other equipment to be installed shall be as per the standard and specifications…
• Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a flagship scheme under the Skill India Mission to promote skill development in the country by providing grant-based placement linked to short duration skill training since 2015-16. • The overall idea is…
• According to USTR, India’s DST (Digital Service Tax, referred as EL in India) is discriminatory and restricts US commerce, and thus, is actionable under Section 301 (of Trade Act, 1974). • Section 301 allows US to unilaterally impose tariffs…
• The year 2020 was the eight warmest since 1901 but it was “substantially lower” than the highest warming observed in 2016, the India Meteorological Department (IMD) said in a statement on Climate of India during 2020. Key findings from…
