Page-44 of Current Affairs - February, 2019
Startup India-WhatsApp Grand Challenge
The Facebook-owned messaging app WhatsApp has announced Startup India-WhatsApp Grand Challenge to encourage entrepreneurs and small businesses in India. About the challenge The challenge is being hosted in association with Invest India. The top 5 winners would receive a cash prize ..
Month: Current Affairs - February, 2019
Defence Ministry approves acquisition of Milan-2T Anti-Tank Missiles
The Defence Acquisition Council headed by Defence Minister Nirmala Sitharaman has approved the acquisition of the Rs 1,200 crore Milan-2T anti-tank missiles. While the requirement was of 70,000 different types of anti-tank guided missiles (ATGM) and 850 different launchers, the ..
Month: Current Affairs - February, 2019
Best Practices in Budget Formulation
The Transparency International conducted a survey to analyse the best practices followed by the states in the Budget Formulation. About the Survey The survey was based on 4 parameters which include public disclosure, budgetary process, post-budget fiscal management and efforts ..
Month: Current Affairs - February, 2019
Prompt Corrective Action framework restrictions lifted for Three Banks
The Reserve Bank of India (RBI) has lifted the Prompt Corrective Action (PCA) framework operational curbs on Bank of India (BoI), Bank of Maharashtra (BoM) and Oriental Bank of Commerce (OBC). These public sector banks are out of the prompt ..
Month: Current Affairs - February, 2019
Revision of GDP Estimates
The Ministry of Statistics and Programme Implementation has released the First Revised Estimates of National Income, Consumption Expenditure, Saving and Capital Formation, 2017-18. The highlights of the revised estimates are: The forecast for GDP growth for 2017-18 was increased to ..
Month: Current Affairs - February, 2019
Interim Budget 2019: What’s there for Agriculture
The Union Minister of Finance Piyush Goyal presented the interim budget. The various provisions in the budget related to the Agricultural sector are listed below: The budget announced a farm support scheme for farmers owning up to 2 hectares of ..