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The latest Messages 10
2023-11-30 06:40:40
Source: The Hindu
Centre has approved a scheme in which Self Help Groups (SHGs) will be provided financial assistance to purchase drones for agricultural purposes (spraying nutrients & pesticides). Centre will provide financial assistance at 80% of the cost of drones. For example, if the cost of drone is Rs. 10 lakh and a SHG is purchasing a drone then Centre will give Rs. 8 lakh and then this drone can be rented by the SHGs to farmers and they (SHGs) can earn rental income.
13.8K viewsedited 03:40
2023-11-29 05:50:36
Source: The Hindu
Share of Renewable power generation and fossil fuel based power generation between 2000 and 2022
https://bit.ly/3SdghTR
15.6K viewsedited 02:50
2023-11-28 06:28:17
Source: The Hindu
Dollarization means replacing a country's currency with US Dollar. Argentina's new President has promised replacing its own currency 'Peso' with 'US Dollars'.
The article is self explanatory. You can just read the highlighted text.
Benefits:
1) Stable (foreign) Currency which will attract investment and growth
2) As the foreign currency can be earned only through exports (and foreign capital inflows), it would incentivize to promote exports and ease conditions for capital inflows
3) Previous governments could have forced Central banks to print money (monetization of deficit) and spend on wasteful expenditure but in case foreign currency they cant print and Govt. can earn money only through tax and other resources which will prevent inflation.
Negatives:
1) Central banks will loose control on monetary policy and can't influence the money supply
2) Central banks can't devalue currency to promote exports
https://bit.ly/3SdghTR
12.7K views03:28
2023-11-26 08:32:52
Source: Indian Express
Govt. (National Biofuel Coordination Committee, NBCC) has set
compulsory/mandatory blending of Compressed Biogas (CBG) with Compressed Natural Gas (CNG) for transportation and Piped Natural Gas (PNG) for households.
FY 2025-26: 1%
FY 20226-27: 3%
FY 2027-28: 4%
FY 2028-29: 5%
In another news, Govt. (National Biofuel Coordination Committee, NBCC) has also set an
indicative target of blending of Sustainable Aviation Fuel (SAF) with Air Turbine Fuel (ATF). 1% in FY 2026-27 and 2% in 2027-28
https://bit.ly/3SdghTR
16.7K viewsedited 05:32
2023-11-26 08:22:04
The answer to the above question is (d) None of the above.
Explanation: RBI regulates commercial banks and cooperative banks but in case of Cooperative Banks, there is
dual regulation where (Centra/State) Govt. regulates Management/Administration and RBI regulates banking and amalgamation/liquidation related matters. So, RBI approval is not required for appointment of Chairman/Directors in case of Urban Cooperative Banks but in case of commercial banks RBI approval is required. But in case of Public Sector banks again RBI approval not required.
In pubic interest, if required, RBI can supersede the Board of Urban Cooperative Banks as per Banking Regulation Act 1949.
14.7K views05:22
2023-11-25 07:32:38
https://bit.ly/3SdghTR
Based on the above news, answer the below question:
Consider the following statements:
1. RBI approval is required for appointment of Chairman/Directors in Urban Cooperative Banks
2. In pubic interest, if required, RBI can supersede the Board of Urban Cooperative Banks as per RBI Act 1934
12.7K viewsedited 04:32
2023-11-22 20:57:01
Source: The Hindu
A good article on challenges in climate finance.
https://bit.ly/3SdghTR
18.9K views17:57
2023-11-22 20:54:50
Source: The Hindu
A good article on challenges in climate finance.
17.3K views17:54
2023-11-22 05:39:03
Source: Indian Express
Ministry of Finance (Dept. of Economic Affairs) publishes 'Monthly Economic Report'. The Oct. report says that Inflation has moderated but risks to growth and macroeconomic stability remain because we are not completely out of the inflation risk due to global risks. On a cumulative basis RBI has increased the repo rate by 250 basis points (2.5%) since April 2022. But it has not been fully transmitted into the lending rates. It may take some more time for the full transmission and if that happens then lending rate will further increase which may reduce (temper) the demand in the economy leading to risks for economic growth and we cannot reduce the repo rate right now because we are not sure about how the inflation situation will move because of the unpredictable geopolitical situation.
https://bit.ly/3SdghTR
14.5K viewsedited 02:39
2023-11-22 04:49:12
The above statement is true. If a company is registered in India then it is treated as 'Resident Indian' ..... does not matter who owns it. So any investment (more than 10% shares) by a foreign company in an Indian registered company will be treated as FDI.
13.6K views01:49
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