ADB assures 2.2 billion USD loan to India

India had earlier approached Asian Development Bank and Asian Infrastructure Investment Bank for loans to fight against COVID-19. With India’s request, the ADB has assured a loan of 2.2 billion USD. Highlights The funds are to be used to help ..

Month: Current Affairs - April, 2020

COVID-19: International Monetary Fund launches Government Policy Tracker

The International Monetary Fund recently launched the “IMF Policy Tracker”. The platform will provide all the key economic responses launched by Governments all over the world to fight against Corona Virus. Highlights Currently, the virus has spread to almost all ..

Month: Current Affairs - March, 2020

Draft National Policy for Rare Diseases placed in website of Ministry of Health and Family Welfare

On March 17, 2020, the draft National Policy for rare diseases has been shared in the website of ministry of Health and Family Welfare. The draft has been opened for comments from the states and Union territories and also from ..

Month: Current Affairs - March, 2020

MEIS scheme to be replaced with RoDTEP Scheme

On March 13, 2020, the Union Cabinet approved to withdraw the MEIS (Merchandise Export from India) Scheme in phases. It is later to be replaced with RoDTEP (Remission of Duties or Taxes on Export Product) scheme. Highlights The MEIS is ..

Month: Current Affairs - March, 2020

World Wide Education for the Future Index: India jumps to rank 35

The Economic Intelligence Unit recently published the Worldwide Education for the Future Index for the year 2019. India has jumped by five ranks and currently holds rank 35. Highlights The ranking is provided based on the ability of a country ..

Month: Current Affairs - February, 2020

Cabinet approves to set up a 12-member Technology Group

On February 19, 2020, the Union Cabinet approved to set a technology group. The 12-member group will provide scientific advice on mapping of technologies, commercialization of dual use technologies and develop a road map on selected key technologies. The group ..

Month: Current Affairs - February, 2020

National Draft Policy on Rare Diseases

On January 13, 2020, the Government of India released its National Draft Policy on rare diseases. The policy has proposed one-time fund of Rs 15 lakhs to treat rare diseases under Ayushman Bharat. The policy was drafted by Ministry of ..

Month: Current Affairs - January, 2020

GoI new scheme: Rs 400 crores for testing MSME Defense products

The Government of India is planning to launch a new scheme to test defense products manufactured by MSMEs. In order to achieve this, the Ministry of Defence has allocated Rs 400 crores. Features of the scheme The test units that ..

Month: Current Affairs - November, 2019

NITI Aayog’s concerns on Vehicle Scrappage Policy

The Ministry of Road and Transport Highways recently released Draft Guidelines for Vehicle Scrapping Facility. The guidelines include land requirements, scrapping procedures, criteria for scrapping of vehicles. It applies to all automobile collection centers, vehicle owners, required audits and finances. ..

Month: Current Affairs - November, 2019

What is the meaning of Conditional Assignment?

Conditional Assignment refers to the way by which an assignor i.e. life insurance policyholder can transfer policy rights to the assignee as per the terms and conditions. As per conditional assignment, the assignor gets back the policy rights if he/she ..