LIC Current Affairs, GK & News

LIC-owned IDBI Bank removed from PCA framework

The Reserve Bank of India (RBI) has removed IDBI Bank from the Prompt Corrective Action (PCA) framework which is the enhanced regulatory supervision of RBI on March 10, 2021. The bank was removed from the framework after four years as a result of its improved financial performance. Background Central bank had enlisted the IDBI Bank ..

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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 ..

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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 ..

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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 ..

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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 ..

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