What is a Real Estate Investment Trust (REIT)?

What is a Real Estate Investment Trust (REIT)? A Real Estate Investment Trust or REIT is an investment vehicle that provides an opportunity to invest in various projects by only investing in the units of a sponsor entity that will manage the paperwork and may be, even the hindrances of Read More …

Dam Rehabilitation and Improvement Project (DRIP)

Context: The World Bank, the Government of India and representatives of 5 States of Government of India and Implementing Agencies signed here in New Delhi today the Loan Agreement for Additional Financing of $137 Million for the Dam Rehabilitation and Improvement Project (DRIP) that will help rehabilitate and modernize over 220 selected large dams in Read More …

White Label ATMs (WLAs)

Context: The Reserve Bank Of India (RBI) has come up with a review of operations of White Label ATMs (WLAs) in the country. More details: The bank noted that according to the representations received from stakeholders and also to enhance the viability of WLAs, it has been decided to allow Read More …

National Mission on Transformative Mobility and Battery Storage

Context:  The Union Cabinet has approved setting up of a National Mission on Transformative Mobility and Battery Storage. About National Mission on Transformative Mobility and Storage: The Mission will have an Inter-Ministerial Steering Committee chaired by Chief Executive Officer (CEO), NITI Aayog to promote clean, connected, shared, sustainable and holistic mobility initiatives. The Read More …

Measures to promote Hydro Power Sector

Context: The Union Cabinet, chaired by the Prime Minister, has approved Measures to promote Hydro Power Sector. These include Declaring Large Hydropower Projects (HPO) as part of non-solar Renewable Purchase Obligation (RPO) Details: Large Hydropower Projects to be declared as  Renewable  Energy source (as per existing practice, only hydropower projects Read More …

National Rural Economic Transformation Project (NRETP)

Context:  Recently India has signed a $250 million loan agreement with the World Bank for the National Rural Economic Transformation Project (NRETP) that aims to help women in rural households shift to a new generation of economic initiatives by developing viable enterprise for farm and non-farm products. About National Rural Economic Transformation Read More …

Swachh Survekshan awards 2019

Context:  The Swachh Survekshan awards 2019 were recently conferred by President Ram Nath Kovind. Swachh Survekshan 2019 covered all urban local bodies in the country, making it the largest such cleanliness survey in the world. Performance of various countries: Indore was adjudged India’s cleanest city for the third straight year. The second Read More …

Quality Assurance Scheme

Context:  Recently NABL launches Quality Assurance Scheme for Basic Composite Medical Laboratories. About the scheme: It is a voluntary scheme. The laboratories performing only basic routine tests like blood glucose, blood counts, rapid tests for common infections, liver & kidney function tests and routine tests of urine will be eligible to apply Read More …

Swift (Society for Worldwide Interbank Financial Telecommunications)

Context:  Half a dozen public and private sector banks have been slapped with monetary penalties by the Reserve Bank of India for non-compliance of directions in the Swift (Society for Worldwide Interbank Financial Telecommunications) messaging system used by banks worldwide for foreign currency transfers. About SWIFT: It is a messaging network that financial Read More …

Transport and Marketing Assistance (TMA)

Context:  The Centre has notified a scheme for Transport and Marketing Assistance (TMA) for specified agriculture products that will provide assistance for the international component of freight and marketing of agricultural produce. About Transport and Marketing Assistance (TMA): The scheme will be available for exports effected from March 1, 2019 to March Read More …