Andhra Pradesh government launches 2nd phase of Pasupu-Kumkuma scheme

On February 2, Andhra Pradesh Chief Minister Nara Chandrababu Naidu launched the 2nd phase of Pasupu-Kumkuma (Turmeric-Kumkum) scheme and welfare pensions. Under the scheme, women who are a part of Development of Women and Children in Rural Areas (DWCRA) will ..

Month: Current Affairs - December, 2020

Pravin Kutumbe head of IRDAI committee to identify Systemically Important Insurers (SII)

Insurance regulator IRDAI has constituted a committee that will not only facilitate in identifying the Systemically Important Insurers (SIIs), but also recommend enhanced supervision measures for them. The committee headed by IRDAI member (finance and investment) Pravin Kutumbe will submit ..

India ranked at 54th position in list of world’s most innovative countries

India has been ranked at 54th position in the list of world’s most innovative countries, according to Bloomberg 2019 Innovative Index. It is for the first time that India has made it to the rankings. South Korea has topped the ..

11-member working group to go into concept of ‘Group Insolvency’ and suggest a suitable framework

The insolvency regulator Insolvency and Bankruptcy Board of India (IBBI) has set up a 11-member working group under the Chairmanship of former SEBI chief UK Sinha to go into the concept of ‘Group Insolvency’ and suggest a suitable framework. This ..

RBI appoints a 5-member committee headed by Nandan Nilekani to suggest ways to improve digital payments

The Reserve Bank of India (RBI) has appointed a 5-member committee headed by Nandan Nilekani to suggest ways to improve digital payments. The committee will review the existing status of digitisation of payments in the country, identify the current gaps ..

SEBI allows custodial services in commodity market

Markets regulator Securities and Exchange Board of India (SEBI) has recently allowed custodial services in the commodity derivatives market. Under the new framework, existing custodians will be permitted to add commodities as an asset class and provide physical delivery of ..

HDFC Mutual Fund becomes India’s largest Asset Management Company

HDFC Mutual Fund has surpassed ICICI Prudential MF to become the India’s largest Asset Management Company (AMC). As per the latest data available with Association of Mutual funds in India (Amfi), HDFC MF manages assets worth Rs 3.35 lakh crore, ..

West Bengal government launches Krishak Bandhu scheme to address farmers distress

The West Bengal government has launched Krishak Bandhu scheme to provide financial assistance to farmers and landless labourers. The state government will give an annual financial assistance (cash dole) of Rs 5,000 per acre in two instalments – one during ..