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ARTICLES

The government’s decision to put in place a liquidity infusion package for micro, small and medium enterprises, which entails providing MSMEs whose accounts are standard — collateral-free loan totaling up to Rs 3,00,000 crore, is expected to boost fund flow to lakhs of stressed units in the sector. These loans will have a four-year tenure, a 12-month moratorium on principal payments and a cap on interest costs. The government has said it will provide a full guarantee to lenders against expected credit losses on these loans. MSME... Read More...

  Jun 12, 2020   Economy

Union Finance Minister has announced structural reforms in eight sectors — coal, minerals, defence production, airspace management, airports, MRO, power distribution companies in UTs, space, and atomic energy.The announcements were part of the cumulative package of Rs 20 lakh crore, nearly 10 per cent of GDP, to provide relief to various segments of the economy battered by the nationwide lockdown in the wake of the coronavirus pandemic. The Rs 20 lakh crore stimulus includes the government’s March 27 announcement of Rs 1.7 lakh crore package for free foodgrain and cash to th... Read More...

  Jun 12, 2020   Economy

India believes in a One-China policy which in short means that, it considers Taiwan a part of China — Regarding Taiwan entry into WHO, it has not yet taken a stand, but has been in conversation with some of Taiwan’s advocates as well.The WHO will meet on May 18 to discuss the COVID-19 pandemic and will hold a vote to determine whether to grant observer status to Taiwan at the WHA, its decision-making body.Countries like US, Japan, Australia, New Zealand, Canada, France, Germany, the UK — are signatories to a demarche, urging the World H... Read More...

  Jun 12, 2020   International Relations

Who set up the committee and why?Reserve Bank of India (RBI), in consultation with the Government of India, had constituted an Expert Committee to Review the Extant Economic Capital Framework of the Reserve Bank of India in 2018. Its Chairman was Dr. Bimal Jalan. What criteria were adopted by the Committee for the recommendations?The Committee submitted its report to the Governor of the RBI. T... Read More...

  Jun 11, 2020   Economy

Hurricane Dorian was the most powerful tropical cyclone on record to strike the Bahamas, and is regarded as the worst natural disaster in the country's history. Dorian struck the Abaco Islands on September 1 with maximum sustained winds of 185 mph (295 km/h). The resultant damage to these islands was catastrophic; most structures were flattened or swept to sea, and at least 70,000 people were left homeless. After its ravages through the Bahamas, Dorian proceeded along the coasts of the Southeastern United States and Atlantic Canada, leaving behind considerable damage and economic losses in those regions. Read More...

  Jun 11, 2020   Bio-diversity, Environment

What are Social Stock Exchanges?In the Union Budget in July 2019, Finance Minister proposed a social stock exchange for social enterprises and voluntary organisations working for social welfare to help them raise capital through debt, equity and mutual fund. Which committee is set up for it and who heads it?The Securities and Exchange Board of India (Sebi) has constituted a working group on So... Read More...

  Jun 11, 2020   Economy

What is it?India-Thailand Coordinated Patrol (Indo-Thai CORPAT) is a Naval exercise. Indian Navy ships and aircraft of Andaman and Nicobar Command have been participating in the biannual Coordinated Patrol (CORPAT) with the Royal Thai Navy (RTN) since 2003. What are its objectives?• To ensure effective implementation of United Nations Conventions on Laws of the Sea (UNCLOS) which specif... Read More...

  Jun 11, 2020   Security and Disaster Management

What is logistics?Logistics is the process of planning and executing the efficient transportation and storage of goods from the point of origin to the point of storage and consumption. The goal of logistics is to meet customer requirements in a timely and cost-effective manner. It is a key parameter in deciding the trade competitiveness of a state or country.What is LEADS?The Logistics Ease Ac... Read More...

  Jun 11, 2020   Economy

The United Nations Secretary-General António Guterres hosted the Climate Action Summit in New York ahead of the UN General Assembly. The Secretary-General called on all leaders – governments, the private sector, civil society, local authorities and other international organizations – to come with concrete, realistic plans that will boost ambition and rapidly accelerate action to implement the Paris Agreement.Paris Agreement provides an open-door framework for countries to continuously ratchet up their positive actions, and the Summit demonstrated how govern... Read More...

  Jun 11, 2020   International Relations

Government announced consolidation of state­ owned banks that will see 10 banks being merged to form four bigger lenders to strengthen a sector struggling with a bad­ loans and aimed at creating lenders of global scale that can support the economy’s surge to $5 trillion by 2024. After the mergers, the country will have 12 public sector banks.Which banks do the mergers include?Punjab National Bank, Oriental Bank of... Read More...

  Jun 11, 2020   Economy

What is it?It is a Joint military exercise between Indian and US armies, commenced this morning at Joint Base Lewis MC Chord, Washington, USA. What are its objectives ?• To plan and execute a series of well-developed tactical drills for neutralization of likely threats that may be encountered in UN peace keeping operations. • To share their experience on varied topics for mutual benefit.  Read More...

  Jun 11, 2020   Security and Disaster Management

Banning of Unregulated Deposit Schemes Act, 2019 seeks to prevent unregulated entities from collecting deposits and cheating and exploiting the poor and the gullible public of their hard earned money and punish the former.It gives powers to the government to prohibit companies from taking such funds from the public. Anyone can be put behind the bars and given strict punishment for the following fraudulent activity:Running... Read More...

  Jun 11, 2020   Economy

Why?India, Thailand and Singapore joined hands for their first-ever trilateral naval exercise in the Andaman Sea between September 16 and 20 with an eye on ensuring free and unhindered shipping flow through the Malacca Straits. • Keen to cement its deep security ties in the region, India is hopeful that Malaysia and Indonesia will join the next naval exercises to ensure that sea lanes connecting the Indian Ocean with the Pacific are protected from any unilateral aggressive mo... Read More...

  Jun 11, 2020   Science and Technology

What is the background of Indian transit sector? Indian cities are engines of economic growth. But they grapple with challenges brought about by decades of unplanned growth. Mobility is a major area, given its impact on the economy. As per an IIT Madras study, the economic cost of congestion in Delhi alone is $8.9 billion per annum and could rise to $15 billion by 2030. Smaller cities lack extensive public transport, bigger cities struggle with affordable last-mile connectivity. These voids are filled by personal vehicles  Read More...

  Jun 11, 2020   Economy

Why the New draft National Resource Efficiency Policy (NREP), 2019?Currently, India generates about 62 million tonnes of municipal solid waste (MSW). Waste generation in cities is increasing by 5% each year because of growing population and consumption. With poor systems of segregation, recycling and reuse, wastes including hazardous wastes (includes biomedical, plastics, domestic hazardous wastes and e-wastes) are improperly disposed, endangering the environment and human health. Read More...

  Jun 11, 2020   Bio-diversity, Environment

Why are we talking about it?Recently, India’s defence minister commented that India’s no first use policy of nuclear weapons is subject to ‘circumstances’.What is the ‘No First Use’ Policy?No first use (NFU) refers to a pledge or a policy by a nuclear power not to use nuclear weapons as a means of warfare unless first attacked by an adversary... Read More...

  Jun 11, 2020   Science and Technology

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  Jun 11, 2020   Science and Technology

The Finance Minister has announced the national rollout of a ‘One Nation, One Ration Card’ system in all states and Union Territories by March 2021. As of now, about 20 states have come on board to implement the inter-state ration card portability.This system will enable migrant workers and their family members to access PDS benefits from any Fair Price Shop in the country.Under the National Food Security Act, 2... Read More...

  Jun 11, 2020   Economy

With supply chain disruptions during COVID-19 revealing critical gaps in agricultural infrastructure and logistics systems, the Finance Minister has announced plans for a ₹1 lakh crore farm infrastructure fund as part of the Atmanirbhar Bharat Abhiyan stimulus package.The third tranche of the stimulus package also included plans to strengthen infrastructure in food processing, fisheries, animal husbandry, horticulture, herbal cultivation and beekeeping with a total funding of ₹50,000 crore, including funds allocated earlier in the budget. Read More...

  Jun 11, 2020   Economy

It is said that the exclusive control of education by the State has been an important factor in facilitating the maintenance of totalitarian tyrannies. In such States institutions of higher learning controlled and managed by governmental agencies act like mercenaries, promote the political purposes of the State, make them acceptable to an increasing number of their populations and supply them with the weapons they need. National Eligibility-cum-Entrance Test (NEET) is an assault o... Read More...

  Jun 11, 2020   Current Affairs