Page-680 of General Studies
Maximum insurance for bank deposits increased to ₹ 5 Lakh
The Union Finance Minister hiked the maximum insurance provided for bank deposits to ₹ 5 Lakh, per depositor, in her recent Union Budget 20-21. As per the existing guidelines of the Reserve Bank of India, deposits of the customers with ..
Fiscal deficit target raised to 3.8 percent for FY20
In the recent Union Budget 2020-21, the government has estimated the fiscal deficit target for 2020-21 at 3.5 per cent of GDP (Budget Estimate). The fiscal deficit target for 2019-20 was estimated at 3.3% earlier, which has also been revised ..
Union Budget 2020-21: disinvestment target set at ₹ 1.2 Lakh Crores
In the Union Budget 2020-21, the Government has set its disinvestment target at ₹ 1.2 Lakh Crores for the fiscal year 2020-21. The government also expects ₹90,000 crore revenue from disinvestment of government stake in public sector banks and financial institutions, ..
SFURTI Scheme update given in the Parliament-Rs 2.3 crores budget allocated
The Ministry of MSME (Micro, Small and Medium Enterprises) on February 3, 2020, provided an update on the SFURTI scheme being implemented. Highlights A total amount of Rs 2.3 crores has been sanctioned for the scheme in the budget 2020.The ..
Month: Current Affairs - February, 2020
Portal Santusht launched: To implement policies of Labour Ministry at grass root level
The Portal Santusht is an Implementation Monitoring Cell that was launched by the Ministry of Lobour and Employment in January 2020. The portal addresses delivery of public services, their transparency, accountability, schemes and policies at grass root level. Highlights The ..
Month: Current Affairs - February, 2020
National Calamity Contingent Duty increased in Budget-Concerns of Tobacco institute
The Budget 2020-21 that was presented by the Finance Minister Nirmala Sitaraman increased the National Calamity Contingent Duty. The imposed duty is expected to witness price rise of 7% in the sales of cigarettes. What is NCCD? The NCCD is ..
Month: Current Affairs - February, 2020
Import duty on Green Energy Equipment hiked by 20% in Budget 2020-21
The Budget 2020-21 that was presented by the finance Minister Nirmala Sitaraman in the Parliament increased the import duty of green energy equipment like cells by 20%. This is being implemented to drive local manufacturing of the equipment and lowering ..
Month: Current Affairs - February, 2020
Corona virus: G7 Health Ministerial meet, China’s New Hospital, Travel ban by 4 countries
The Corona Virus death toll has increased to 360. The WHO has also declared International Health Emergency over the outbreak of the virus. The G7 countries are to conduct a Ministerial level health meet to discuss measures to prevent the ..
Month: Current Affairs - February, 2020
National Emergency Declared in Pakistan to fight against Locusts in the border
Pakistan which is facing the worst locust attacks in decades has declared National Emergency. The emergency was declared to tackle the insects that are destroying crops in Punjab province, the main region of agricultural production. Highlights The locusts are currently ..
Month: Current Affairs - February, 2020
Mohammed Allawi appointed the PM of Iraq amidst Tishreen Revolution in the country
On February 01, 2020, one of the former communications ministers of Iraq, Mohammed Allawi was appointed the Prime Minister of the country by the President of Iraq, Barham Salih. Highlights Allawi has been appointed the Prime Minister of the Country ..