India promoting PILF scheme for workers abroad

A new Pension and Life Insurance Fund (PILF) scheme is being promoted by GoI in a bid to provide financial security to poor Indians working abroad. Indian embassies have been asked to assist those wanting to subscribe to PILF. NRI-organizations ..

Month: Current Affairs - May, 2012

Category: Government Schemes Current Affairs

60% of rural India lives on less than Rs 35 a day: National Sample Survey

As per 66th round of National Sample Survey (NSS) carried out b/w July 2009-June 2010 on income and expenditure: Nearly 60% of India’s rural population lives on less than Rs 35 a day and about as many in cities live ..

Month: Current Affairs - May, 2012

Court awards life sentence to 9 people in 2002 Gujarat’s Ode massacre

In Anand, Gujarat a special court awarded life imprisonment to 9 people in the 2002 Ode village riots case. 3 persons of minority community were burnt alive in the case in Malva Bhagol area of Ode village on March 1, ..

Month: Current Affairs - May, 2012

Banks may need 5 lakh crore towards Basel III

In the wake of Basel III capital regulations declared by the RBI, the Indian banks would require Rs 3,90,000-5,00,000 crore capital over the next 6 years. As per initial estimates by bankers and rating agencies, out of this , the ..

Month: Current Affairs - May, 2012

NPS Lite accounts cross 11 Lakh mark

In terms of the number of accounts opened, the New Pension System (NPS) – Lite scheme meant for the economically disadvantaged, has left behind its older twin NPS-Main focussed on the organised sector. NPS-Lite has already passed 11 lakh subscribers ..

Month: Current Affairs - May, 2012

Category: Government Schemes Current Affairs

RTI for NRIs made easier

Indians living abroad can now without difficulty hunt for information from public authorities in their home country via the RTI (Right to Information) Act. What was the problem for NRIs seeking information via RTI? The RBI had already previously permitted ..

Month: Current Affairs - May, 2012

‘INS Dweeprakshak’: Navy commissions full-fledged naval base station in Lakshadweep

As part of its efforts to augment the security of the strategically significant Lakshadweep archipelago, on Monday. The Navy commissioned a full-fledged naval base, INS Dweeprakshak, at Kavaratti. Objective: To maintain effective coastal surveillance and defence capability. Indian warships on ..

Month: Current Affairs - May, 2012

Narasimhan takes charge as AP Governor for second consecutive term

Andhra Pradesh Governor E S L Narasimhan took charge for the second consecutive term.

Month: Current Affairs - May, 2012