Table Of Contents Loan restructuring TRIFED V. Kamath committee TRAFFIC DGCA GAVI Business Confidence Index August Revolution/ Quit India 1. Loan restructuring Subject: Economy Context: In its monetary policy review, the Reserve Bank of India gave the green signal to a loan restructuring scheme for stressed borrowers Concept: Restructuring is a practice that allows banks […]
Subject: History Context: The 78th anniversary of the Quit India Movement, famously known as the August Revolution in the history of India’s freedom movement, falls on August 9. Concept: In July 1942, the Congress Working Committee met at Wardha and resolved that it would authorise Gandhi to take charge of the non-violent mass movement. The […]
Subject: Economy Context: NCAER’s Business Confidence Index (BCI), an indicator of the business sentiment across the Indian industry, stood at 46.4 in the first quarter of 2020-21, a drop of 40.1 per cent from its level of 77.4 in the previous quarter. Concept: Business sentiment across Indian industry fell to its lowest level in the first quarter […]
Subject: IR Context: Serum Institute ties up with Gavi for 10 crore of corona vaccine doses in India Concept: Global Alliance for Vaccines and Immunization is a public-private global health partnership committed to increasing access to immunization in poor countries It is a global Vaccine Alliance with the goal of creating equal access to new […]
Subject: Government organization Context: Aircraft shot past runway in rainy conditions and fell into a gorge and DGCA issued notice to Kozhikode airport over safety lapses Concept: Directorate General of Civil Aviation is an attached office of the Ministry of Civil Aviation. The Directorate General of Civil Aviation is the regulatory body in the field […]
Subject: Environment Context: A recent study by TRAFFIC India on the seizure and mortality of ‘common leopards’ revealed that of the total of 747 leopard deaths between 2015-2019 in India, 596 were linked to illegal wildlife trade and activities related to poaching. Concept: TRAFFIC is a leading non-governmental organisation working globally on trade in wild animals […]
Subject: Economy Context: Reserve Bank of India (RBI) has formed a five member committee under the chairmanship of former ICICI Bank CEO KV Kamath. Concept: The immediate task of the committee is to recommend a list of financial parameters to be factored into the assumptions that go into each resolution plan, and the sector specific […]
Subject: Government organization Context: Tribal Cooperative Marketing Development Federation of India (TRIFED) under Ministry of Tribal Affairs reiterated its commitment towards the transformation of tribal lives on the occasion of its 33rd Foundation Day on August 6, 2020 Concept: The Tribal Cooperative Marketing Development Federation of India (TRIFED) came into existence in 1987. It is a […]
Subject: Economy Context: In its monetary policy review, the Reserve Bank of India gave the green signal to a loan restructuring scheme for stressed borrowers Concept: Restructuring is a practice that allows banks to modify the terms of the loan when the borrower is facing financial stress. Banks do that to avoid the borrower being declared a […]