In News Recently, the government has started discussions to put in place a resolution mechanism to deal with insolvency of firms in the financial sector. About A modified version of the Financial Resolution and Deposit Insurance (FRDI) Bill — which was withdrawn in 2018 due to its controversial provision of bail-in that was perceived as […]
In News Recently, the Finance Minister stated that banks have recovered Rs 13,100 crores from assets sales of defaulters like Vijay Mallya, Nirav Modi. About This came as a reply to a discussion on the second batch of Supplementary Demands for Grants which was approved by the Lok Sabha amid uproar by the Opposition over […]
In News The Union Cabinet approved a ?76,000 crore scheme to boost semiconductor and display manufacturing in the country. About the Programme Program for Development of Semiconductors and Display Manufacturing Ecosystem in India aims to provide a globally competitive incentive package to companies in semiconductors and display manufacturing as well as design. The program will […]
Context The government has so far disbursed Rs 2,071 crore for 4,003 projects under the Agriculture Infrastructure Fund. About Agriculture Infrastructure Fund It is a pan India Central Sector Scheme launched in the year 2020. Aim: To provide a medium – long term debt financing facility for investment in viable projects for post-harvest management Infrastructure […]
In Context The awardees of the National Energy Conservation Awards would be felicitated on 14th December 2021. This year, a new award – National Energy Efficiency Innovation Awards (NEEIA) is also institutionalized. It is to recognize “Innovative Energy Efficiency Technologies” and instil a sense of competition to motivate industries & sectors to develop innovative energy […]
Context There is some progress in the Jaitapur nuclear power project in Maharashtra with the French company EDF and Nuclear Power Corporation of India Limited (NPCIL) working together to take this project off the ground. About The Indo-French nuclear agreement was signed in 2008 to build a nuclear power plant in Jaitapur. It would be […]
In News National Milk Day is observed across India on November 26 in memory of the father of the white revolution, Dr Verghese Kurien. This year is also the birth centenary year of Dr Kurien. About National Milk Day In the year 2014, the Indian Dairy Association (IDA) took the initiative to celebrate National Milk […]
In Context The Langtang Microhydro Electricity Project was built three years after the 2015 earthquake-avalanche with help from the Hong Kong-based Kadoorie Charitable Foundation. About Langtang Microhydro Project. It costs $530,000 and has a weir and spillway at the moraine, and the water is taken through a fibre glass-insulated penstock pipe to a powerhouse that […]
In News Recently, the PM chaired a meeting on cryptocurrency where the need for its regulation was discussed. Earlier, RBI cautioned investors about digital currency over its non-transparent advertising. India and Cryptocurrency 2009: First cryptocurrency, Bitcoin launched in 2009 by Satoshi Nakamoto. 2018: RBI banned banks and other regulated entities from supporting crypto transactions. 2019: […]
In News Union Minister of Home Affairs and Corporation launched the “Dairy Sahakar” scheme at Anand, Gujarat, during the function organised by Amul for the celebration of the 75th Foundation Year of Amul. Objectives and Need The livestock sector has a unique combination of being the backbone of rural livelihood. The growth would have been […]
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