Moratorium Option for payment of installments

Context The RBI has permitted banks to allow moratorium of three months on payment of instalments in respect of all loans including home, car and personal loan among others. What is moratorium? Both the loan principal and interest are covered under the moratorium. This applies to all loans outstanding on Read More …

Fully Accessible Route (FAR)

Context The Reserve Bank of India (RBI) has introduced a separate channel, namely ‘Fully Accessible Route’ (FAR), to enable non-residents to invest in specified government bonds with effect from April 1. About Fully Accessible Route (FAR) The move follows the Union Budget announcement that certain specified categories of government bonds Read More …

Foreign Trade Policy 2015-2020 extended for one year

Context The Union Commerce and Industry Ministry has announced changes in India’s Foreign Trade Policy (FTP). The Govt. has decided to continue relief under various export promotion schemes by granting an extension of the existing Policy. Foreign Trade Policy 2015-20 It provided a framework for increasing exports of goods and Read More …

PM – CARES Fund

Context The government has set up the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) to deal with any kind of emergency or distress situation like posed by the COVID-19 pandemic. This Fund has been set up owing to a number of requests made by the people to support the Read More …

COVID-19 National Teleconsultation Centre (CoNTeC)

Context Recently, the Union Minister of Health & Family Welfare launched the COVID-19 National Teleconsultation Centre (CoNTeC). About CoNTeC The CoNTeC is a Telemedicine Hub established by AIIMS, New Delhi, wherein expert doctors from various clinical domains will be available 24×7 to answer the multifaceted questions from specialists from all over the country. Doctors worldwide Read More …

Himalayan Ibex a Distinct Species

Context A recent study by scientists of the Zoological Survey of India (ZSI) has proved that Himalayan Ibex is a distinct species from the Siberian Ibex. About the Study The study was funded through the National Mission on Himalayan Studies. The National Mission on Himalayan Studies is implemented by the Ministry of Environment, Forest and Read More …

Ro-Pax Ferry Service

Context Mumbai – the first metropolitan city in India has introduced Ro-Pax service to its transport infrastructure. M2M1 Ferry Vessel has commenced operations between Mumbai and Mandwa. About Ro-Pax Ferry Ro-Pax Ferry is a ferry that combines the features of a cruise ship and a roll-on/roll-off service. This service has Read More …

Employees’ Pension Scheme (Amendment) Scheme, 2020

Context The Union Ministry of Labour & Employment has informed about the total enrollments under EPS. About Employees Pension Scheme (EPS) EPS is a social security scheme that was launched in 1995 and is facilitated by EPFO. The scheme makes provisions for pensions for the employees in the organized sector Read More …

Unnat Bharat Abhiyan 2.0

Context The Union Minister for Human Resource Development has informed Lok Sabha about the progress of the Unnat Bharat Abhiyan (UBA). Unnat Bharat Abhiyan 2.0 Unnat Bharat Abhiyan 2.0 is the upgraded version of Unnat Bharat Abhiyan 1.0. The scheme is extended to all educational institutes; however, under UBA 2.0 Read More …

Essential Commodities Act

Context The Price Monitoring Division (PMD) in the Department of Consumer Affairs is monitoring the retail and wholesale prices of 22 essential food commodities due to increased panic buying by customers. Essential Commodities Act The ECA is an act which was established to ensure the delivery of certain commodities or Read More …