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Why in the News? RBI’s financial stability reports highlights , Healthy balance sheets of financial institutions, moderating inflation, and fiscal consolidation contribute to stability. Source: The Hindu Key Highlights: Gross Non-Performing Assets (GNPA) ratio reaches a multi-year low at 3.2%, and net non-performing assets (NNPA) ratio stands at 0.8% in September 2023. Stress tests projects …
Read MoreSyllabus GS2: Issues Relating to Development and Management of Social Sector/Services relating to Health, Education, Human Resources. Why in the News? Malnutrition poses a formidable challenge to India’s ambition of achieving developed nation status by 2047. The absence of adequate creche facilities, especially in the unorganised sector, leads to tragic incidents and irreversible malnourishment, demanding …
Read MoreSyllabus GS2: Infrastructure: Energy, Ports, Roads, Airports, Railways etc. Why in the News? India’s maritime industry, once a beacon of promise, faces challenges and missed opportunities. Unlike China, which elevated its shipping sector, India’s shipbuilding and ownership lag. Source: Britannica.com Yangtze River: China’s Timeless Lifeline Embracing Tradition and Modernity The Yangtze River, etched in China’s …
Read MoreSyllabus: GS 3: Indian Economy and issues relating to Growth and Development. Why in the News? The Finance Ministry’s response to the IMF’s sovereign debt risk assessment for India has sparked debates over the nation’s fiscal stance. This response came after the IMF released details of its Article IV consultations with India, projecting potential scenarios …
Read MoreFILE PICS News Five judges have been recommended by the Supreme Court collegium to the Center to be chief justices of the high courts of Rajasthan, Punjab and Haryana, Gawhati, Allahabad, and Jharkhand. Arun Bhansali of the Allahabad High Court, B R Sarangi of the Jharkhand High Court, Vijay Bishnoi of the Gawhati High Court, …
Read More@Tripuratimes News A tripartite agreement will be signed by the United Liberation Front of Assam (ULFA), the Indian government, and the Center. Its goal is to establish enduring peace in the Northeast. Amit Shah, the Union Home Minister, will be present when the Memorandum of Settlement is signed. The agreement would offer: Provisions in the …
Read More@fiuindia.gov.in News Nine offshore Virtual Digital Assets Service Providers (VDA SPs) have received compliance show cause notices from the Financial Intelligence Unit India (FIU IND). In March 2023, the Prevention of Money Laundering Act (PML) Act, 2002 brought Virtual Digital Assets Service Providers (VDA SPs) under the purview of the Anti Money Laundering, Counter Financing …
Read More@S.Somnath News In order to gather geointelligence, the Indian Space Research Organization (ISRO) intends to launch 50 satellites over the course of the next five years. Speaking at the Indian Institute of Technology Bombay’s annual Techfest science and technology festival, ISRO Chairman S Somanath stated that this will involve building a layer of satellites in …
Read MoreWhy in the News? University Grants Commission (UGC) releases draft guidelines for college recognition. Seeks public feedback on “UGC (Recognition of Colleges under Clause (f) of Section 2 of the UGC Act) Regulations, 2023”. Source: Maps of India About Key Conditions : Colleges must comply with UGC Act provisions and affiliate with a university following …
Read MoreWhy in the News? Reserve Bank of India (RBI) data reveals a decline in scheduled commercial banks’ (SCBs) Gross Non-Performing Assets (GNPAs) from 3.9% at end-March to 3.2% at end-September. The agricultural sector maintains the highest GNPA ratio, while retail loans exhibit the lowest at end-September. The Data : The industrial sector sees enhanced asset …
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