DIPAM and World Bank sign Agreement

On November 16, 2020, DIPAM (Department of Investment and Public Asset Management) signed an agreement with World Bank. Under the agreement, the World Bank will provide advisory services on asset monetization. What is Asset Monetisation? Asset Monetisation is creating new sources of revenue by unlocking underutilized or untilised public assets. What is DIPAM’s Plan on ..

Month: Current Affairs - November, 2020

Category: International Current Affairs

Topics: DIPAM • Enemy Properties • Enemy Property Act • India-Pakistan war • india-world bank • LIC • Monetization • World Bank

Mahatma Gandhi Bunkar Bima Yojana

The Mahatma Gandhi Bunkar Bima Yojana was recently discussed in the Lok Sabha by the Union Minister of Textiles. About the Scheme The Mahatma Gandhi Bunkar Bima Yojana is an insurance scheme for all community weavers. The scheme provides insurance to the beneficiaries in cases of accidental death, natural death, partial or complete disability. The ..

Topics: Insurance • LIC • Ministry of Textiles • Weaving Community

Govt. makes Aadhaar mandatory for PMVKY subscribers

Centre government has made Aadhaar (the unique 12-digit biometric identity number) mandatory for subscribers of Pradhan Mantri Vaya Vandana Yojana (PMVVY) which is a pension scheme for senior citizens. Finance Ministry notified that an individual eligible for receiving benefit under PMVVY scheme shall now be required to furnish proof of possession of Aadhaar number or ..

Month: Current Affairs - December, 2019

Category: Government Schemes Current Affairs

Topics: Aadhaar • Aadhaar Act • Finance Ministry • LIC • Life Insurance Corporation of India • PMVVY • Pradhan Mantri Vaya Vandana Yojana

All about PM Kisan Maan Dhan Yojana

Union Ministry of Agriculture & Farmers Welfare has rolled out registration for the PM Kisan Maan Dhan Yojana to provide old age pension cover to farmers. It is new Central Sector Scheme envisioned with an aim to improve life of small and marginal farmers of the country. It is first of its kind pension coverage ..

Month: Current Affairs - August, 2019

Category: Government Schemes Current Affairs

Topics: Agriculture • Farmers Welfare • Government Schemes • LIC • Ministry of Agriculture and Farmer's Welfare • Pension Scheme • PM Kisan Maan Dhan Yojana • Social Security

Pradhan Mantri Vaya Vandan Yojana: Cabinet doubles investment limit for senior citizens

The Union Cabinet has approved doubling of investment limit from Rs 7.5 lakh to Rs 15 lakh under Pradhan Mantri Vaya Vandana Yojana (PMVVY). It also extended time limits for subscription from ay 2018 to March, 2020. These decisions were taken as part of Government commitment to financial inclusion and social security. It will boost ..

Month: Current Affairs - May, 2018

Topics: LIC • National • Pension Scheme • Pradhan Mantri Vaya Vandan Yojana • Social Security