Liberalised Remittance Scheme: RBI alters definition of relative to check outward remittances

The Reserve Bank of India (RBI) has narrowed the definition of relatives under the ‘maintenance of close relative’ category of Liberalised Remittance Scheme (LRS) to check outflow of funds and prevent misuse of facility. Henceforth, funds under this category can ..

Month: Current Affairs - June, 2018

Government to expand BPO promotion scheme for rural youth to 1 lakh seats

Ministry of Electronics & Information Technology (MeitY) is planning to expand its India BPO Promotion Scheme to 1 lakh seats from current 48,000 seats. It will also set up 5th and India’s largest National data centre (NDC) in Bhopal, Madhya ..

Month: Current Affairs - June, 2018

Government launches Swajal Scheme in 115 Aspirational districts

Ministry of Drinking Water & Sanitation has launched Swajal Scheme in 115 Aspirational districts of India to provide clean drinking water. It will involve outlay of Rs. 700 crores through flexi-funds under existing National Rural Drinking Water Programme (NRDWP) budget. ..

Month: Current Affairs - June, 2018

20 States sign MoU for implementing Ayushman Bharat – National Health Protection Mission

Twenty States have signed Memorandum of Understanding (MoU) with Union Ministry of Health and Family Welfare (MoHFW) for implementing Ayushman Bharat-National Health Protection Mission (AB-NHPM). The MoUs were exchanged during Health Ministers’ conclave held in New Delhi. During the conclave, ..

Month: Current Affairs - June, 2018

Ten new iconic sites selected under Phase III of Swachh Iconic Places of Swachh Bharat Mission

The Union Ministry of Drinking Water & Sanitation has selected 10 more iconic sites under Phase III of Swachh Iconic Places (SIP) of Swachh Bharat Mission. The third phase of SIP was launched at Mana village which is situated close ..

Month: Current Affairs - June, 2018

Explained: Seva Bhoj Yojna

The Union Ministry of Culture has launched Seva Bhoj Yojna, a new scheme to provide financial assistance on purchase of specific food items by Charitable Religious Institutions (CRIs) for free distribution among people. Under this scheme, Centre’s share of Central ..

Month: Current Affairs - June, 2018

Government launches 5000 Wi-Fi Choupals in partnership with CSC

The Union Ministry of Electronics & Information Technology (MeITY) launched 5000 Wi-Fi Choupals in villages in partnership with common service centres (CSCs). It was jointly inaugurated by Union Electronics and IT Minister Ravi Shankar Prasad and Railway Minister Piyush Goyal ..

Month: Current Affairs - June, 2018

Government extends timeline of Dam Rehabilitation & Improvement Project

The meeting of Expenditure Finance Committee (EFC) has revised cost and deadline of World Bank funded Dam Rehabilitation & Improvement Project (DRIP) to Rs.3466 Crore till June 2020. The meeting was held under Chairpersonship of Secretary, Department of Expenditure to ..

Month: Current Affairs - June, 2018