Forex reserves Subject: Economy Context: The country’s forex reserves jumped substantially by $5.942 billion to touch a life-time high of $507.644 billion in the week to June 12, helped by a significant jump in foreign currency assets (FCA), the Reserve Bank of India (RBI) data showed. Concept: The foreign exchange reserves had crossed […]
Congress demands probe after CAG flags irregularities in BharatNet project Subject: Economy Context: Flagging a preliminary report by the Comptroller Auditor General of India (CAG), the Congress on Saturday claimed that large scale corruption is the primary reason for shunting out Ravi Shankar Prasad from the Ministry. Concept: About BharatNet: BharatNet Project was […]
Bank of Maharashtra (BoM) memorandum of understanding (MoU) Subject: Economy Context: Bank of Maharashtra (BoM) has signed a memorandum of understanding (MoU) with National Bank for Agriculture & Rural Development (Nabard) to boost ongoing developmental initiatives linked to priority sector lending in Maharashtra Concept: The MoU envisages joint initiatives, the benefits of farmers, […]
The Amrabad Tiger Reserve Subject: Economy Context: The Amrabad Tiger Reserve is now home to largest population of tigers in Telangana, according to Annual Census Report Concept: The Amrabad Tiger Reserve is now home to largest population of tigers in Telangana, according to Annual Census Report, The estimation of prey population density of […]
GeM Subject: Economy Context: The Department of Public Enterprises (DPE) has written to Central Ministries and departments to get their Central Public Sector Enterprises (CPSE) registered in Government e-Marketplace (GeM). Concept: The GeM would be the national public procurement portal and will be registered as Section 8 Company for providing procurement of goods […]
Financial health of bank Subject: Economy Context: The Yes Bank episode was the latest in the series. The bank’s fall is yet another reminder for customers to know better, such as not putting all their life’s savings in a single spot and keeping an eye out on the activities and performance of the institution unto […]
Foreign card payment network Subject: Economy Context: Reserve Bank of India has so far barred three foreign card payment network companies — MasterCard, American Express and Diners Club — from taking new customers on board over the issue of storing data in India. Concept: According to RBI data, there were 90.23 crore debit […]
Renewables trend Subject: Economy Context: Demand for fossil fuel electricity generation in India reached a plateau in 2018, and fell in 2019 and 2020, according to a study published Wednesday by UK’s Carbon Tracker in collaboration with the Council on Energy, Environment and Water (CEEW). Concept: According to the report, ‘Reach for the […]