STRATEGIC CRUDE OIL RESERVE
February 4, 2021
STRATEGIC CRUDE OIL RESERVE Subject: Economy Context: India looks to expand its plan on strategic petroleum reserves overseas, say sources. Concept: Strategic petroleum reserves are huge stockpiles of crude oil to deal with any crude oil-related crisis like the risk of supply disruption from natural disasters, war or other calamities. According to the […]
RIDF
February 3, 2021
RIDF Subject : Economy Context : Finance Minister Nirmala Sitharaman announced an increase in the allocation to the Rural Infrastructure Development Fund (RIDF) from 30,000 crore to 40,000 crore. Context : The Rural Infrastructure Development Fund(RIDF) was set up by the Government of India in 1995-96 for financing ongoing rural Infrastructure projects. The […]