NATIONAL ASSET RECONSTRUCTION COMPANY LTD (NARCL) Subject: Economy Context: Banks in India have identified about 22 bad loans worth ₹89,000 crore to be transferred to the National Asset Reconstruction Company Ltd. (NARCL) in the initial phase. Concept: Setting up of NARCL, the proposed bad bank for taking over stressed assets of lenders, was […]
POWER MINISTRY CIRCULATED DISCUSSION PAPER ON MBED Subject : Economy Context : Ministry of Power has circulated discussion Paper on Market Based Economic Despatch (MBED) on 1st June 2021 to all concerned stakeholders for obtaining their inputs and comments. Concept : Since electricity cannot be stored in power lines, the entity operating the […]
ETHANOL BLENDING TARGET YEAR SHIFTED Subject : Economy Context :Ethanol-petrol-blending 20% target date advanced to 2025. Concept : As India looks to cut carbon emissions and reduce oil imports, Prime Minister Narendra Modi on Saturday announced that the deadline for achieving 20% ethanol-blending with petrol was pushed to 2025 in the country. The […]
NCP OPPOSES RBI SUPERVISION OF COOPERATIVE BANKS Subject : Economy Context : The changes to The Banking Regulation Act approved by Parliament in September 2020, brought cooperative banks under the direct supervision of the RBI Concept : Before, all the co-operative banks came under dual regulation of the RBI and the Registrar of […]
KERALA WON BATTLE AGAINST KARNATAKA FOR KSRTC Subject : Economy Context : After a seven-year legal battle for the trademark, Kerala has announced that the Trade Marks Registry’s final verdict on Wednesday gave it the right to use the abbreviation KSRTC, its emblem, and even the nickname ‘Anavandi’, which means elephant vehicle. Concept […]