Ministry of Finance: GK, General Studies and Current Affairs

Implications of 26% FDI in Pension Sector

Recently, the Cabinet has approved changes in the Pension Fund Regulatory and Development Authority (PFRDA) Bill, which will also pave the way for 26% foreign investment in pension fund management companies. What is PFRDA Bill? PFRDA was set up as a regulatory body for the pension sector, but the current PFRDA is the Interim PFRDA ..

Why Two year Extension to Subbarao?

Recently, the PMO office has announced a two-year extension for Reserve Bank of India governor D Subbarao. We note that it’s Finance Ministry, which deals with the RBI Governor appointments, but this time PMO, makes a statement and the objective of this change in the tradition was to provide comfort to the market, which is ..

Current Affairs : July 17, 2011

World Bank probable to approve $1 Billion credit for NRLP   The Rural Development Ministry to sign agreement with World Bank for Soft Loan worth of $ 1 billion Objective of the Loan: To implement the National Rural Livelihoods Project (NRLP) under National Rural Livelihood Mission (NRLM) Distribution of project funds among the states to ..