Department of Economic Affairs Current Affairs, GK & News

Kerala: Suraksha-Mitra Project

The Suraksha-Mitra project has become operational in the State of Kerala. What is Suraksha-Mitra Project? Suraksha-Mitra Project is a vehicle monitoring system. It sends distress messages in case of any accident. Motor Vehicle Department has launched this project under Nirbhaya Scheme. This system will send a distress message to owners’ mobile phones, if there are ..

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India’s Rank in Forest Area Gain

The Economic Survey released by the Department of Economic Affairs recently said that India ranks third in the world in terms of forest gain area. India has added 2,66,000 hectares of forest area every year between 2010 and 2020. What did the survey say about forest area in India? 24% of the total geographical area ..

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Panel set up by PMO to mitigate COVID-19 and restore normalcy after 21 Days Lock Down

On March 29, 2020 the Prime Minister Office constituted a high-level panel to restore normalcy after 21 days of normalcy. The high-level committee is to suggest measures to improve health-care, reduce miseries and put the economy back on track. Highlights The committee is to work under the chairmanship of P K Mishra, principal secretary of ..

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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 ..

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Govt sanctions Rs.100cr to set up Women Help Desks in Police Stations

Union Home Ministry has sanctioned Rs.100 crore from Nirbhaya fund for setting up and strengthening of women help desks in police stations across country. The move came a fortnight after a young veterinarian was gang-raped and murdered near Hyderabad, leading to protests in different parts of country. Key Highlights The scheme would be implemented by ..

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DCC approves levy of penalty on Airtel, Vodafone Idea

The Digital Communications Commission (DCC), the highest decision-making body of Department of Telecom (DoT), has approved levying of penalty on Bharti Airtel Ltd. and Vodafone Idea Ltd. for denial of interconnection to Reliance Jio Infocomm Ltd. when the latter had entered market in 2016. Key Highlights Despite the approval for imposing penalty, the inter-ministerial panel ..

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