Department of Economic Affairs Current Affairs, GK & News

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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RBI sets up Usha Thorat Panel on offshore rupee markets

The Reserve Bank of India (RBI) has constituted a panel under the former deputy governor Usha Thorat to examine issues related to offshore rupee markets and recommend policy measures to ensure the stability of the external value of the domestic currency. Mandate for the Panel The panel will study the causes behind the development of the ..

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