PM-KISAN About: Under the scheme, the Centre transfers an amount of Rs 6,000 per year, in three equal instalments, directly into the bank accounts of all landholding farmers irrespective of the size of their land holdings. It was launched in February 2019. Funding and Implementation: It is a Central Sector Scheme with 100% funding from […]
Government Security A G-Sec is a tradable instrument issued by the Central Government or the State Governments. It acknowledges the Government’s debt obligation. Such securities are short term (usually called treasury bills, with original maturities of less than one year- presently issued in three tenors, namely, 91 day, 182 day and 364 day) or long
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RBI Monetary Policy 2021 Recently, the Reserve Bank of India (RBI) has forecasted that real Gross Domestic Product (GDP), hit by the Covid pandemic in 2020-21, is expected to grow by 10.5% in 2021-22. RBI had previously introduced a number of measures in its Monetary Policy Report for dealing with the Covid-19 induced economic setback.
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Tribunal for Appeals under National Company Law To hear appeals against the National Company Law Tribunal’s rulings, the NCLAT was established under Section 410 of the Companies Act, 2013. (NCLT). The NCLT is a quasi-judicial organisation that decides disputes involving It serves as an appeals court for decisions made by the Insolvency and Bankruptcy Board
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e- RUPI: Voucher Based Digital Payment System The Indian government is going to launch an electronic voucher based digital payment system e-RUPI. There are already many countries using the voucher system for example the US, Colombia, Chile, Sweden, Hong Kong, etc. Key Points e-RUPI: It is a cashless and contactless method for digital It is
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PM-DAKSH Context: Union Minister for Social Justice and Empowerment Dr. Virendra Kumar will launch ‘PM-DAKSH’ Portal and ‘PM-DAKSH’ Mobile App on 7th August, 2021 at Nalanda Auditorium, Dr. Ambedkar International Centre, Delhi. Concept: PM-DAKSH’ Portal will make all information related to skill development programmes, provided under Pradhan Mantri Dakshta Aur Kushalta Sampann Hitgrahi (PM-DAKSH)
UN Security Council Key points The Security Council was established by the UN Charter in 1945. It is one of the six principal organs of the United Nations. The other 5 organs of the United Nations are—the General Assembly, the Trusteeship Council, the Economic and Social Council, the International Court of Justice, and the Secretariat.
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Major Dhyan Chand Khel Ratna Award Recently, the Prime Minister renamed the Rajiv Gandhi Khel Ratna Award, the country’s highest sporting honour, after hockey wizard Major Dhyan Chand. This came a day after the Indian men’s hockey team won the bronze medal in the ongoing Tokyo Olympics and hours after the women’s team finished fourth.
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E-Prisons Project The Ministry of Home Affairs (MHA) has provided financial assistance of Rs. 99.49 crores to the States and Union Territories (UTs) for the E-Prisons Project. Also, acting on the request of the MHA, NIMHANS, an Institute of National Importance, has recently issued a set of guidelines on the management of mental health issues
MPLAD Scheme Recently, funds from Members of Parliament Local Area Development Scheme (MPLADS) were disbursed to the village panchayats of Goa. Due to Covid-19 pandemic MPLAD Funds Scheme is currently suspended and the disbursed funds were allocated earlier. Key Points About: MPLAD is a Central Sector Scheme which was announced in December 1993. Initially, it
