The Government of India and the Asian Development Bank (ADB) have signed a $50 million loan agreement to improve water security in Meghalaya. This initiative focuses on building climate-resilient water-harvesting systems, for better access to water, and reducing the vulnerability of communities to climate change. What’s in the Plan? The project will see the construction …
The Indian Ministry of Finance has imposed provisional anti-dumping duties on imports of solar glass from China and Vietnam. It is effective from December 4, 2024, majorly aiming at protecting the domestic industry from the impact of cheaper imports, which have caused pricing pressure and material injury to local producers. What is Covered Under the …
The PM Surya Ghar: Muft Bijli Yojana, launched by Prime Minister Narendra Modi on February 15, 2024, is the world’s largest domestic rooftop solar initiative. This visionary program aims to provide solar power to 1 crore households by March 2027, making renewable energy accessible and affordable for millions. Key Highlights of the Scheme Subsidised Solar …
On December 6, 2024, the RBI (Reserve Bank of India) reduced the Cash Reserve Ratio (CRR) by 50 basis points (bps), bringing it down to 4% from 4.5%. This decision aims to inject ₹1.16 lakh crore into the banking system, helping address liquidity concerns after significant foreign exchange interventions. What is CRR, and Why Does …
On December 6, the Reserve Bank of India (RBI) revised its GDP growth forecast for FY 2025 to 6.6%, down from the earlier estimate of 7.2%. The central bank also lowered its growth projections for the 3rd and 4th quarters of FY 2025, estimating 6.8% for Q3 (previously 7.4%) and 7.2% for Q4 (previously 7.4%). …
On December 6, 2024, the Reserve Bank of India (RBI) announced its 5th bi-monthly monetary policy review for FY25. The 6-member Monetary Policy Committee (MPC), led by RBI Governor Shaktikanta Das, has decided to keep the benchmark repo rate unchanged at 6.5% for the eleventh consecutive meeting. In addition to this, the MPC has opted …
The National Highways Authority of India (NHAI) has announced that its fully owned Special Purpose Vehicle (SPV), DME Development Limited (DMEDL), will issue green bonds. The funds raised will be allocated to implementing eco-friendly initiatives for the Delhi-Mumbai Expressway project. Green Bond Issue Details DMEDL is set to issue green bonds under a closed bidding …
The Ministry of Women and Child Development has recently rolled out the SHe-Box portal, a dedicated online platform to strengthen the implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013 (SH Act). This initiative is designed to simplify how complaints are filed and tracked while ensuring transparency and confidentiality. …
Customs scams in India have become a growing menace, exploiting unsuspecting individuals through both greed and fear. These scams often involve impersonators posing as Customs officials or courier representatives, making false claims to extort money from victims. The Scale of the Problem India’s National Crime Records Bureau reported 53,000 cybercrime cases in 2021, with 11,400 …
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a flagship initiative launched by the Government of India in February 2019. Designed to supplement the financial needs of land-holding farmers, it provides an annual financial benefit of ₹6,000 in three equal instalments. As one of the largest DBT schemes in the world, PM-KISAN reflects the government’s …
