India's No.1 PU & Degree With Integrated IAS & IPS(UPSC/PSC) Training College.
Why in the news? The government is considering raising the deposit insurance limit beyond ₹5 lakh to enhance depositor protection. This follows RBI’s restrictions on New India Co-operative Bank due to governance concerns, highlighting the need for stronger financial security measures. Government’s Plan for Deposit Insurance: The Indian government is considering raising deposit insurance beyond …
Read MoreWhy in the news? The Ayushman Bharat Vay Vandana Scheme was launched in Puducherry to provide health insurance for senior citizens. Lieutenant Governor K. Kailashnathan and Chief Minister N. Rangasamy inaugurated the scheme, distributing insurance cards and emphasizing healthcare accessibility for the elderly. Official Launch and Key Dignitaries: The Ayushman Bharat Vay Vandana Scheme was …
Read MoreWhy in the news? The Securities and Exchange Board of India (SEBI) has introduced the MITRA platform to help investors track and reclaim inactive mutual fund folios. This initiative aims to enhance transparency, protect investor interests, and ensure compliance with updated KYC norms. Introduction to MITRA Platform: SEBI has launched the Mutual Fund Investment Tracing …
Read MoreWhy in the news? The Pradhan Mantri Shram Yogi Maandhan Yojana received a 37% budget allocation increase for 2025-26, highlighting the government’s commitment to securing financial stability for millions of workers in India’s unorganized sector. Key Features of PM-SYM: Pension Assurance: Provides ₹3,000 per month after the subscriber reaches 60 years of age. Contribution Model: …
Read MoreWhy in the news? The Sukanya Samriddhi Yojana (SSY) continues to gain attention for its role in promoting financial security for girl children, offering high interest rates, tax benefits, and enabling long-term investments for their education and future. About Sukanya Samriddhi Yojana: Empowering the Girl Child: Launched in 2015 under the Beti Bachao, Beti Padhao …
Read MoreWhy in the news? The Prime Minister launched Bima Sakhi Yojana to empower women with financial literacy, training, and employment opportunities through Life Insurance Corporation (LIC) in Haryana’s Panipat. Overview of Bima Sakhi Yojana Launch: Recently unveiled by the Prime Minister in Panipat, Haryana. Objective: Empower women through financial literacy and employment opportunities. Target Group: …
Read MoreWhy in the news? The General Provident Fund (GPF) highlights its benefits, flexibility, and role in ensuring financial security for government employees, as its features are being revisited for enhanced awareness. About General Provident Fund (GPF): The General Provident Fund (GPF) is a retirement savings scheme launched in 1960 exclusively for government employees in India. …
Read MoreRelevance: GS – 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Why in the News? The Reserve Bank of India (RBI) has retrieved approximately 130 metric tonnes of gold previously held in safe custody with the Bank of England over the last two-and-a-half years. This strategic shift …
Read MoreWhy in the news? The EDLI scheme has gained attention as the government recently increased the maximum assured benefit to Rs 7 lakh, enhancing social security for private sector employees, especially during uncertain times of employment and economic fluctuations. Overview of EDLI Scheme: The Employees Deposit Linked Insurance (EDLI) Scheme was launched in 1976 by …
Read MoreSyllabus: GS 3: Indian Economy and Issues Investments and effects on Growth. Focus: The Systematic Withdrawal Plan (SWP) is gaining attention as a flexible investment tool for retirees to manage inflation, generate regular income, and minimize risks, offering a tax-efficient alternative to traditional fixed deposits. Overview of Systematic Withdrawal Plans (SWP) Definition: A Systematic Withdrawal …
Read More
