Cabinet Decision Current Affairs, GK & News
Cabinet approves Partial Credit Guarantee Scheme
Union Cabinet approved the ‘Partial Credit Guarantee Scheme’ that allows public sector banks (PSBs) to purchase high-rated pooled assets from financially sound non-banking finance companies (NBFCs) and housing finance companies (HFCs). However, the amount of overall guarantee has been limited to first loss of up to 10% of fair value of assets (FAV) being purchased ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs
Topics: Cabinet Decision • Department of Economic Affairs • HFC • housing finance companies • Ministry of Finance • NBFC • non-banking finance companies • Partial Credit Guarantee Scheme • Public Sector Banks
Cabinet approves Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019
Union Cabinet has approved certain amendments in Insolvency and Bankruptcy Code, 2016 (code), through Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019. The amendments aim to remove certain difficulties being faced during insolvency resolution process to realise objects of code, protect corporate debtors, prevent ill-thought-out triggering of bankruptcy proceedings and to further ease doing of ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs
Topics: Cabinet Decision • CIRP • Corporate Insolvency Resolution Process • Financial Creditors • Insolvency and Bankruptcy Code • Insolvency and Bankruptcy Code (Amendment) Bill • Insolvency and Bankruptcy Code 2016
Cabinet approves MoU between CDSCO and Saudi FDA
Union Cabinet has given ex-post facto approval to Memorandum of Understanding (MoU) between Central Drugs Standard Control Organization (CDSCO) and Saudi Food and Drug Authority in field of Medical Products Regulation. The MoU was signed on 29 October 2019 during the visit of Prime Minister Narendra Modi to the kingdom of Saudi Arabia. Highlights of ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs
Topics: Cabinet Decision • CDSCO • Central Drugs Standard Control Organization • Drugs and Cosmetics Act • India-Saudi Arabia • Saudi Food and Drug Authority
Cabinet approves Indo-Japan pact in Steel Sector
Union Cabinet chaired by Prime Minister Narendra Modi has given its approval for signing Memorandum of Cooperation (MoC) between Government of India and Government of Japan to constitute ‘India-Japan Steel Dialogue’ to strengthen cooperation in steel sector. MoC will help in capacity building for high grade steel manufacturing in India. About ‘India-Japan Steel Dialogue’ The ..
Month: Current Affairs - December, 2019
Category: Economy & Banking Current Affairs
Topics: Cabinet Decision • india-japan • India-Japan Steel Dialogue • Steel Industry • Union Cabinet
Authorised capital of Food Corporation of India increased to Rs.10000 cr from Rs.3500 cr
Cabinet Committee on Economic Affairs (CCEA) approved increasing authorized capital of Food Corporation of India (FCI) from existing Rs.3,500 crore to Rs.10,000 crore. CCEA was chaired by Prime Minister Narendra Modi. Key Highlights FCI’s operations require maintaining perpetual stock of foodgrains which needs to be funded by government of India through equity or via long ..
Month: Current Affairs - November, 2019
Category: Economy & Banking Current Affairs
Topics: Cabinet Committee on Economic Affairs • Cabinet Decision • CCEA • FCI • Food Corporation of India • Ministry of Consumer Affairs • National Food Security Act