#snt #GS3
HIGH DEFINITION (HD) VS. STANDARD DEFINITION (SD)
All companies from digital industry have decided upon temporarily defaulting HD & ultra-HD streaming to SD content or offering only SD content, at bitrates no higher than 480p on cellular networks until 14th April.
About:
• In a nutshell, the difference between high definition and standard definition images is the number of pixels contained in the image on display. HD images have more pixels per square inch than standard definition videos.
• It means that HD images can show much finer detail than SD images.
• SD or “standard definition” is 640 pixels wide and 480 pixels tall in the U.S. (Slightly larger in Asia and Europe, where the format is different). HD or “high definition” is at least 1280 pixels wide, and in a wider format than SD.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
HIGH DEFINITION (HD) VS. STANDARD DEFINITION (SD)
All companies from digital industry have decided upon temporarily defaulting HD & ultra-HD streaming to SD content or offering only SD content, at bitrates no higher than 480p on cellular networks until 14th April.
About:
• In a nutshell, the difference between high definition and standard definition images is the number of pixels contained in the image on display. HD images have more pixels per square inch than standard definition videos.
• It means that HD images can show much finer detail than SD images.
• SD or “standard definition” is 640 pixels wide and 480 pixels tall in the U.S. (Slightly larger in Asia and Europe, where the format is different). HD or “high definition” is at least 1280 pixels wide, and in a wider format than SD.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
#GS2 #GS3
MEMBERS OF PARLIAMENT LOCAL AREA DEVELOPMENT SCHEME (MPLADS)
Ministry of Statistics and Programme Implementation (MoSPI) has issued a circular granting one-time dispensation for utilizing funds under the Members of Parliament Local Area Development Scheme (MPLADS) to address the challenges in the fight against COVID-19.
About:
• The Members of Parliament Local Area Development Scheme (MPLADS) was launched in 1993
• Initially, Ministry of Rural Development was the Nodal Ministry for this scheme. In October, 1994 this scheme was transferred to the Ministry of Statistics and Programme Implementation.
• The Scheme is fully funded by the Government of India under which funds are released in the form of grants-in-aid directly to the district authorities.
• The funds released under the Scheme are non-lapsable, i.e., the entitlement of funds not released in a particular year is carried forward to the subsequent years, subject to eligibility.
• At present, the annual entitlement per MP/ constituency is ₹ 5 crore.
• Under it, the role of the Members of Parliament is limited to recommend works. Thereafter, it is the responsibility of the district authority to sanction, execute and complete the works recommended within the stipulated time period.
◦ The elected Lok Sabha Members can recommend works in their respective constituencies.
◦ The elected members of the Rajya Sabha can recommend works anywhere in the state from which they are elected.
◦ Nominated Members of the Parliament can recommend works for implementation, anywhere in the country.
• MPLADS works can be implemented in areas affected by natural calamities like floods, cyclone, hailstorm, avalanche, cloudburst, pest attack, landslides, tornado, earthquake, drought, tsunami, fire and biological, chemical, radiological hazards, etc.
• In order to accord special attention to the development of areas inhabited by Scheduled Castes (SCs) and Scheduled Tribes (STs), 15 per cent of MPLADS funds are to be utilized for areas inhabited by SC population and 7.5 per cent for areas inhabited by ST population.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
MEMBERS OF PARLIAMENT LOCAL AREA DEVELOPMENT SCHEME (MPLADS)
Ministry of Statistics and Programme Implementation (MoSPI) has issued a circular granting one-time dispensation for utilizing funds under the Members of Parliament Local Area Development Scheme (MPLADS) to address the challenges in the fight against COVID-19.
About:
• The Members of Parliament Local Area Development Scheme (MPLADS) was launched in 1993
• Initially, Ministry of Rural Development was the Nodal Ministry for this scheme. In October, 1994 this scheme was transferred to the Ministry of Statistics and Programme Implementation.
• The Scheme is fully funded by the Government of India under which funds are released in the form of grants-in-aid directly to the district authorities.
• The funds released under the Scheme are non-lapsable, i.e., the entitlement of funds not released in a particular year is carried forward to the subsequent years, subject to eligibility.
• At present, the annual entitlement per MP/ constituency is ₹ 5 crore.
• Under it, the role of the Members of Parliament is limited to recommend works. Thereafter, it is the responsibility of the district authority to sanction, execute and complete the works recommended within the stipulated time period.
◦ The elected Lok Sabha Members can recommend works in their respective constituencies.
◦ The elected members of the Rajya Sabha can recommend works anywhere in the state from which they are elected.
◦ Nominated Members of the Parliament can recommend works for implementation, anywhere in the country.
• MPLADS works can be implemented in areas affected by natural calamities like floods, cyclone, hailstorm, avalanche, cloudburst, pest attack, landslides, tornado, earthquake, drought, tsunami, fire and biological, chemical, radiological hazards, etc.
• In order to accord special attention to the development of areas inhabited by Scheduled Castes (SCs) and Scheduled Tribes (STs), 15 per cent of MPLADS funds are to be utilized for areas inhabited by SC population and 7.5 per cent for areas inhabited by ST population.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
#Facts #GS2
KURZARBEIT SCHEME
Amid the all-round disruption caused to the economy by the novel coronavirus outbreak, various governments have unveiled various measures to address such concerns, and one of the most talked about is Germany’s Kurzarbeit scheme.
About:
Kurzarbeit is German for “short-work”. The policy provides for a short-time work allowance, called kurzarbeitgeld, which partially compensates for lost earnings during uncertain economic situations.
The policy was rolled out during the 2008 economic crisis while its origins date back as far as the early 20th century, before and after World War I.
Important Info :
When companies face a loss of earnings due to unforeseen economic situations, they often need to cut back on their working hours or send some of their employees home.
The Kurzarbeit scheme aims to address workers who are impacted by loss of income due to shortened work hours during such times. They can apply for short-term work benefits under the scheme.
KURZARBEIT SCHEME
Amid the all-round disruption caused to the economy by the novel coronavirus outbreak, various governments have unveiled various measures to address such concerns, and one of the most talked about is Germany’s Kurzarbeit scheme.
About:
Kurzarbeit is German for “short-work”. The policy provides for a short-time work allowance, called kurzarbeitgeld, which partially compensates for lost earnings during uncertain economic situations.
The policy was rolled out during the 2008 economic crisis while its origins date back as far as the early 20th century, before and after World War I.
Important Info :
When companies face a loss of earnings due to unforeseen economic situations, they often need to cut back on their working hours or send some of their employees home.
The Kurzarbeit scheme aims to address workers who are impacted by loss of income due to shortened work hours during such times. They can apply for short-term work benefits under the scheme.
Forwarded from Yours Hopefully🌸🌸 (Poetry)
Everyone is requested to download this app. It will tell you, whether you have crossed your location with any infected person or not.
App is still in beta version so it's possible that you will get otp after some time.
However I just downloaded and got the otp
Please spread this message to all and ensure safety of all.
Be safe be secure
@yourshopefully
App is still in beta version so it's possible that you will get otp after some time.
However I just downloaded and got the otp
Please spread this message to all and ensure safety of all.
Be safe be secure
@yourshopefully
Forwarded from hope ✨
Take a look at "Corona Kavach"
https://play.google.com/store/apps/details?id=com.cosafe.android
https://play.google.com/store/apps/details?id=com.cosafe.android
#economy #GS3
PAYMENT AGGREGATORS (PAs)
The Reserve Bank of India has formalised guidelines for regulating the activities of payment aggregators (PAs) given the important functions of these intermediaries in the online payments’ space.
Salient features of new guidelines:
• Payment Aggregators (PAs) are entities that facilitate e-commerce sites and merchants in accepting payment instruments from the customers for completion of their payment obligations.
• Payment gateways will be considered as technology providers or outsourcing partners of banks or non-banks, as the case may be.
• A Payment Aggregator should be a company incorporated in India under the Companies Act, 1956 / 2013.
• Non-bank entities offering payment aggregator services will have to apply for authorisation on or before June 30, 2021.
• E-commerce marketplaces, according to the guidelines, providing payment aggregator services will have to be separated from the marketplace business and they will have to apply for authorisation on or before June 30, 2021.
◦ The biggest examples of this- PhonePe, a Flipkart company, and Paytm’s payment aggregator business are already separate entities from the marketplace models.
• It has also specified financial requirements for aggregators- payment aggregators existing today will have to achieve a net worth of ₹15 crore by March 31, 2021 and a net worth of ₹25 crore by the end of third financial year, which means or before March 31, 2023.
• The net-worth of ₹25 crore shall be maintained at all times thereafter.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
PAYMENT AGGREGATORS (PAs)
The Reserve Bank of India has formalised guidelines for regulating the activities of payment aggregators (PAs) given the important functions of these intermediaries in the online payments’ space.
Salient features of new guidelines:
• Payment Aggregators (PAs) are entities that facilitate e-commerce sites and merchants in accepting payment instruments from the customers for completion of their payment obligations.
• Payment gateways will be considered as technology providers or outsourcing partners of banks or non-banks, as the case may be.
• A Payment Aggregator should be a company incorporated in India under the Companies Act, 1956 / 2013.
• Non-bank entities offering payment aggregator services will have to apply for authorisation on or before June 30, 2021.
• E-commerce marketplaces, according to the guidelines, providing payment aggregator services will have to be separated from the marketplace business and they will have to apply for authorisation on or before June 30, 2021.
◦ The biggest examples of this- PhonePe, a Flipkart company, and Paytm’s payment aggregator business are already separate entities from the marketplace models.
• It has also specified financial requirements for aggregators- payment aggregators existing today will have to achieve a net worth of ₹15 crore by March 31, 2021 and a net worth of ₹25 crore by the end of third financial year, which means or before March 31, 2023.
• The net-worth of ₹25 crore shall be maintained at all times thereafter.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
#Health #covid19
SOLIDARITY TRIAL
With outbreaks gaining steam in many countries, the global COVID-19 total passed 200,000 reported cases today, and the World Health Organization (WHO) announced a large international clinical trial to test five treatment regimens.
About:
Multiple small trials using different methods may not yield strong evidence needed to reveal which ones can save lives. So, WHO has organized a large international study—called the SOLIDARITY trial—to get more robust data.
The streamlined randomized trial can be adjusted based on countries' availability of the drugs and can be adjusted to include other arms.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
SOLIDARITY TRIAL
With outbreaks gaining steam in many countries, the global COVID-19 total passed 200,000 reported cases today, and the World Health Organization (WHO) announced a large international clinical trial to test five treatment regimens.
About:
Multiple small trials using different methods may not yield strong evidence needed to reveal which ones can save lives. So, WHO has organized a large international study—called the SOLIDARITY trial—to get more robust data.
The streamlined randomized trial can be adjusted based on countries' availability of the drugs and can be adjusted to include other arms.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
#covid19
EXTRAORDINARY VIRTUAL G20 LEADERS’ SUMMIT
Leaders from the group of 20 nations attended an extraordinary virtual G20 Summit through video conference. Chaired by Saudi Arabia, the summit discussed a global response to COVID- 19 crisis. Saudi Arabia, the chair of the G20 this year coordinated the video summit.
About:
• At a video-conference of leaders of the world’s top 20 economies, the G20, hosted by the Saudi King, Salman bin Abdulaziz Al Saud, to discuss the novel coronavirus pandemic.
• The G20 countries committed to inject more than $5 trillion into the global economy, and contribute to the COVID-19 solidarity response fund led by the World Health Organization (WHO).
• The leaders agreed to have more interactions of G20 Foreign Ministers, health officials and the respective Sherpas before the Riyadh Summit of the G20 nations in November 2020.
Important Info : WHO’s ‘failure’
• Prime Minister Modi also called for a bigger mandate and more funding for the World Health Organisation, which he said had failed to “adapt itself to deal with the new challenges the international community has faced.”
• Many countries have been critical of WHO’s failure to alert the world quickly enough of the potential threat from the pandemic, even after it had been informed of its spread in Wuhan by China on December 31 last year.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
EXTRAORDINARY VIRTUAL G20 LEADERS’ SUMMIT
Leaders from the group of 20 nations attended an extraordinary virtual G20 Summit through video conference. Chaired by Saudi Arabia, the summit discussed a global response to COVID- 19 crisis. Saudi Arabia, the chair of the G20 this year coordinated the video summit.
About:
• At a video-conference of leaders of the world’s top 20 economies, the G20, hosted by the Saudi King, Salman bin Abdulaziz Al Saud, to discuss the novel coronavirus pandemic.
• The G20 countries committed to inject more than $5 trillion into the global economy, and contribute to the COVID-19 solidarity response fund led by the World Health Organization (WHO).
• The leaders agreed to have more interactions of G20 Foreign Ministers, health officials and the respective Sherpas before the Riyadh Summit of the G20 nations in November 2020.
Important Info : WHO’s ‘failure’
• Prime Minister Modi also called for a bigger mandate and more funding for the World Health Organisation, which he said had failed to “adapt itself to deal with the new challenges the international community has faced.”
• Many countries have been critical of WHO’s failure to alert the world quickly enough of the potential threat from the pandemic, even after it had been informed of its spread in Wuhan by China on December 31 last year.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
#institutions
PETROLEUM AND EXPLOSIVES SAFETY ORGANIZATION (PESO)
Petroleum and Explosives Safety Organization (PESO) has taken various measures to ensure un-interrupted supply of Oxygen to hospitals and other health care facilities due to nationwide lock down for containment of COVID-19 pandemic.
About:
Petroleum & Explosives Safety Organization (PESO) is an organization under Department of industrial policy and promotion (DIPP), Ministry of commerce & industry.
It administers the usage of explosives & petrol stations in India.
It is headquartered at Nagpur, Maharashtra.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
PETROLEUM AND EXPLOSIVES SAFETY ORGANIZATION (PESO)
Petroleum and Explosives Safety Organization (PESO) has taken various measures to ensure un-interrupted supply of Oxygen to hospitals and other health care facilities due to nationwide lock down for containment of COVID-19 pandemic.
About:
Petroleum & Explosives Safety Organization (PESO) is an organization under Department of industrial policy and promotion (DIPP), Ministry of commerce & industry.
It administers the usage of explosives & petrol stations in India.
It is headquartered at Nagpur, Maharashtra.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
#personalityinnews
SATISH GUJRAL
Prime Minister Narendra Modi condoled the death of Satish Gujral.
About:
Satish Gujral (1925 - 2020) was a renowned Indian painter, sculptor, muralist and writer of the post-independent era.
He was awarded the Padma Vibhushan, the second-highest civilian award of India, in 1999.
His elder brother, Inder Kumar Gujral, was the Prime Minister of India between 1997 and 1998.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
SATISH GUJRAL
Prime Minister Narendra Modi condoled the death of Satish Gujral.
About:
Satish Gujral (1925 - 2020) was a renowned Indian painter, sculptor, muralist and writer of the post-independent era.
He was awarded the Padma Vibhushan, the second-highest civilian award of India, in 1999.
His elder brother, Inder Kumar Gujral, was the Prime Minister of India between 1997 and 1998.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
#covid19
PM-CARES FUND
Prime Minister Narendra Modi announced the constitution of the PM's Citizen Assistance and Relief in Emergency Situations (PM-CARES) fund.
About:
Mandate: This will be a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic.
Administration: Prime Minister is the Chairman of this trust and its Members include Defence Minister, Home Minister and Finance Minister.
Features: Citizens and organisations can go to the website pmindia.gov.in and donate to PM CARES Fund. This fund will enable micro-donations allowing a large number of people will be able to contribute with smallest of denominations.
Donations to this fund will be exempted from income tax under section 80(G).
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
PM-CARES FUND
Prime Minister Narendra Modi announced the constitution of the PM's Citizen Assistance and Relief in Emergency Situations (PM-CARES) fund.
About:
Mandate: This will be a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation, like posed by the COVID-19 pandemic.
Administration: Prime Minister is the Chairman of this trust and its Members include Defence Minister, Home Minister and Finance Minister.
Features: Citizens and organisations can go to the website pmindia.gov.in and donate to PM CARES Fund. This fund will enable micro-donations allowing a large number of people will be able to contribute with smallest of denominations.
Donations to this fund will be exempted from income tax under section 80(G).
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
#economy
NON-DELIVERABLE FORWARD (NDF) MARKET
The Reserve Bank of India (RBI) has decided to permit banks in India, which operate International Financial Services Centre Banking Units (IBUs), to participate in the non-deliverable forward (NDF) market with effect from June 1, 2020.
About:
NDFs are foreign exchange derivative instruments on non-convertible or restricted currencies traded over the counter (OTC) mainly at offshore centres outside the direct jurisdiction of the respective national authorities.
The RBI took the decision despite the recommendation by a task force set up by it against allowing banks in the NDF market. The task force submitted its report in July 2019.
The Task Force on Offshore Rupee Markets, set up by the RBI, had proposed that Indian banks should not be permitted to deal in the offshore rupee derivative market — or the NDF market — for the present as the downside of permitting them to deal in this market outweighs the advantages.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
NON-DELIVERABLE FORWARD (NDF) MARKET
The Reserve Bank of India (RBI) has decided to permit banks in India, which operate International Financial Services Centre Banking Units (IBUs), to participate in the non-deliverable forward (NDF) market with effect from June 1, 2020.
About:
NDFs are foreign exchange derivative instruments on non-convertible or restricted currencies traded over the counter (OTC) mainly at offshore centres outside the direct jurisdiction of the respective national authorities.
The RBI took the decision despite the recommendation by a task force set up by it against allowing banks in the NDF market. The task force submitted its report in July 2019.
The Task Force on Offshore Rupee Markets, set up by the RBI, had proposed that Indian banks should not be permitted to deal in the offshore rupee derivative market — or the NDF market — for the present as the downside of permitting them to deal in this market outweighs the advantages.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
DISINVESTMENT
#economy
In a bid to shore up its disinvestment kitty ahead of the end of the fiscal, the Centre raised Rs. 13,883 crore through strategic sale of its stake in two state-owned power companies, THDCIL and NEEPCO, and Kamarajar Port Ltd to other state-owned entities.
About:
• It has sold 74.49 per cent stake in THDC India Ltd (THDCIL) for Rs 7,500 crore and 100 per cent in North Eastern Electric Power Corporation (NEEPCO) for Rs 4,000 crore to state-owned power utility NTPC. Further, the Centre sold 66.67 per cent in Kamarajar Port Ltd to Chennai Port Trust for Rs 2,383 crore.
• This takes the Centre’s total collections from disinvestment at Rs 48,728.06 crore so far in FY20, which still falls short of the revised target of Rs 65,000 crore for the ongoing financial year.
Important Info :
Targets for next financial year:
• For the upcoming fiscal’s budget, the government has announced an ambitious disinvestment agenda, aiming to raise Rs 2.1 lakh crore via stake sales, including plans to list Life Insurance Corporation on stock exchanges and sale of its stake in IDBI Bank.
• Privatisation of BPCL, Container Corporation of India, Shipping Corporation of India and national carrier Air India will be other key issues next year.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
#economy
In a bid to shore up its disinvestment kitty ahead of the end of the fiscal, the Centre raised Rs. 13,883 crore through strategic sale of its stake in two state-owned power companies, THDCIL and NEEPCO, and Kamarajar Port Ltd to other state-owned entities.
About:
• It has sold 74.49 per cent stake in THDC India Ltd (THDCIL) for Rs 7,500 crore and 100 per cent in North Eastern Electric Power Corporation (NEEPCO) for Rs 4,000 crore to state-owned power utility NTPC. Further, the Centre sold 66.67 per cent in Kamarajar Port Ltd to Chennai Port Trust for Rs 2,383 crore.
• This takes the Centre’s total collections from disinvestment at Rs 48,728.06 crore so far in FY20, which still falls short of the revised target of Rs 65,000 crore for the ongoing financial year.
Important Info :
Targets for next financial year:
• For the upcoming fiscal’s budget, the government has announced an ambitious disinvestment agenda, aiming to raise Rs 2.1 lakh crore via stake sales, including plans to list Life Insurance Corporation on stock exchanges and sale of its stake in IDBI Bank.
• Privatisation of BPCL, Container Corporation of India, Shipping Corporation of India and national carrier Air India will be other key issues next year.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
#economy
VIX (Volatility index) is an index used to measure the near term volatility expectations of the markets.
Volatility signifies the rate and magnitude of change in the stock price or index value.
▪ The movement in the VIX index reflects the overall market volatility expectations over the next 30 days.
▪ Given the nature of the index, it is also known as ‘fear gauge’ or ‘fear index’.
▪ The VIX index was first created by the Chicago Board Options Exchange (CBOE) and introduced in 1993 based on the prices of S&P 500 index.
India VIX
▪ The India VIX was launched by National Stock Exchange (NSE) in 2010 and is based on the computation methodology of CBOE though amended to align with the Indian markets.
▪ India VIX indicates the Indian market’s volatility from the investor’s perception.
▪ Volatility and the value of India VIX move parallel. i.e a spike in the VIX value means the market is expecting higher volatility in the near future and vice versa.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
VIX (Volatility index) is an index used to measure the near term volatility expectations of the markets.
Volatility signifies the rate and magnitude of change in the stock price or index value.
▪ The movement in the VIX index reflects the overall market volatility expectations over the next 30 days.
▪ Given the nature of the index, it is also known as ‘fear gauge’ or ‘fear index’.
▪ The VIX index was first created by the Chicago Board Options Exchange (CBOE) and introduced in 1993 based on the prices of S&P 500 index.
India VIX
▪ The India VIX was launched by National Stock Exchange (NSE) in 2010 and is based on the computation methodology of CBOE though amended to align with the Indian markets.
▪ India VIX indicates the Indian market’s volatility from the investor’s perception.
▪ Volatility and the value of India VIX move parallel. i.e a spike in the VIX value means the market is expecting higher volatility in the near future and vice versa.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
#health
PRADHAN MANTRI GARIB KALYAN PACKAGE:
INSURANCE SCHEME FOR HEALTH WORKERS FIGHTING COVID-19
Government has approved Insurance Scheme announced under Pradhan Mantri Garib Kalyan Package for health workers who are fighting to contain COVID-19.
About:
The scheme will provide an insurance cover of 50 lakh rupees for ninety days to around 22.12 lakh public healthcare providers.
They include community health workers, who may have to be in direct contact and care of COVID-19 patients and who may be at risk of being impacted by this.
The scheme will also include accidental loss of life on account of contracting COVID-19.
The insurance provided under this scheme will be over and above any other insurance cover being availed by the beneficiary.
jOiN ➛ @CurrentAffair4Exams
PRADHAN MANTRI GARIB KALYAN PACKAGE:
INSURANCE SCHEME FOR HEALTH WORKERS FIGHTING COVID-19
Government has approved Insurance Scheme announced under Pradhan Mantri Garib Kalyan Package for health workers who are fighting to contain COVID-19.
About:
The scheme will provide an insurance cover of 50 lakh rupees for ninety days to around 22.12 lakh public healthcare providers.
They include community health workers, who may have to be in direct contact and care of COVID-19 patients and who may be at risk of being impacted by this.
The scheme will also include accidental loss of life on account of contracting COVID-19.
The insurance provided under this scheme will be over and above any other insurance cover being availed by the beneficiary.
jOiN ➛ @CurrentAffair4Exams
#economy
FULLY ACCESSIBLE ROUTE (FAR)
The Reserve Bank of India (RBI) has introduced a separate channel, namely ‘Fully Accessible Route’ (FAR), to enable Non-Resident Indians (NRIs) to invest in specified government bonds with effect from April 1.
About:
Eligible investors can invest in specified government securities without being subject to any investment ceilings.
This scheme shall operate along with the two existing routes, viz., the Medium Term Framework (MTF) and the Voluntary Retention Route (VRR).
Background: The move follows the Union Budget announcement that certain specified categories of government bonds would be opened fully for non-resident investors without any restrictions.
Significance: This will substantially ease access of non-residents to Indian government securities markets and facilitate inclusion in global bond indices. This would facilitate inflow of stable foreign investment in government bonds.
jOiN ➛ @CurrentAffair4Exams
FULLY ACCESSIBLE ROUTE (FAR)
The Reserve Bank of India (RBI) has introduced a separate channel, namely ‘Fully Accessible Route’ (FAR), to enable Non-Resident Indians (NRIs) to invest in specified government bonds with effect from April 1.
About:
Eligible investors can invest in specified government securities without being subject to any investment ceilings.
This scheme shall operate along with the two existing routes, viz., the Medium Term Framework (MTF) and the Voluntary Retention Route (VRR).
Background: The move follows the Union Budget announcement that certain specified categories of government bonds would be opened fully for non-resident investors without any restrictions.
Significance: This will substantially ease access of non-residents to Indian government securities markets and facilitate inclusion in global bond indices. This would facilitate inflow of stable foreign investment in government bonds.
jOiN ➛ @CurrentAffair4Exams
#economy
Ways and means advance
The Reserve Bank of India has raised the limit for short term credit that the government can borrow from the central bank.
The limits for this credit facility, known as ‘Ways and Means Advances’, has been raised sharply to Rs 1.2 lakh crore for the first half of 2020-21.
The increased limit comes at a time when government expenditure is expected to rise as it battles the fallout of a spreading Coronavirus. The availability of these funds will government some room to undertake short term expenditure over and above its long term market borrowings.
What are Ways and Means Advances?
• They are temporary loan facilities provided by RBI to the government to enable it to meet temporary mismatches between revenue and expenditure.
• The government makes an interest payment to the central bank when it borrows money.
• The rate of interest is the same as the repo rate, while the tenure is three months.
• The limits for WMA are mutually decided by the RBI and the Government of India.
The WMA scheme for the Central Government was introduced on April 1, 1997, after putting an end to the four-decade old system of adhoc (temporary) Treasury Bills to finance the Central Government deficit.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
Ways and means advance
The Reserve Bank of India has raised the limit for short term credit that the government can borrow from the central bank.
The limits for this credit facility, known as ‘Ways and Means Advances’, has been raised sharply to Rs 1.2 lakh crore for the first half of 2020-21.
The increased limit comes at a time when government expenditure is expected to rise as it battles the fallout of a spreading Coronavirus. The availability of these funds will government some room to undertake short term expenditure over and above its long term market borrowings.
What are Ways and Means Advances?
• They are temporary loan facilities provided by RBI to the government to enable it to meet temporary mismatches between revenue and expenditure.
• The government makes an interest payment to the central bank when it borrows money.
• The rate of interest is the same as the repo rate, while the tenure is three months.
• The limits for WMA are mutually decided by the RBI and the Government of India.
The WMA scheme for the Central Government was introduced on April 1, 1997, after putting an end to the four-decade old system of adhoc (temporary) Treasury Bills to finance the Central Government deficit.
jOiN ➛ https://www.tg-me.com/CurrentAffair4Exams
#economy
COUNTERCYCLICAL CAPITAL BUFFER (CCyB)
For dealing with the coronavirus-led slowdown, the Reserve Bank of India (RBI) announced that banks don’t need to activate countercyclical capital buffers (CCyB) for one more year, which means the banks can utilize the capital earmarked for the buffer.
About:
• The framework on countercyclical capital buffer (CCyB) was put in place by the RBI in terms of guidelines issued in 2015 wherein it was advised that the CCyB would be activated as and when the circumstances warranted.
• The framework envisages the credit-to-GDP gap as the main indicator, which is used in conjunction with other supplementary indicators.
• It requires banks to build up a buffer of capital in good times, which may be used to maintain flow of credit to the real sector in difficult times.
jOiN ➛ @CurrentAffair4Exams
COUNTERCYCLICAL CAPITAL BUFFER (CCyB)
For dealing with the coronavirus-led slowdown, the Reserve Bank of India (RBI) announced that banks don’t need to activate countercyclical capital buffers (CCyB) for one more year, which means the banks can utilize the capital earmarked for the buffer.
About:
• The framework on countercyclical capital buffer (CCyB) was put in place by the RBI in terms of guidelines issued in 2015 wherein it was advised that the CCyB would be activated as and when the circumstances warranted.
• The framework envisages the credit-to-GDP gap as the main indicator, which is used in conjunction with other supplementary indicators.
• It requires banks to build up a buffer of capital in good times, which may be used to maintain flow of credit to the real sector in difficult times.
jOiN ➛ @CurrentAffair4Exams
▪️What is Open Market Operation (OMO)?
An Open Market Operation (OMO) is the buying and selling of government securities in the open market, hence the nomenclature.
It is done by the central bank in a country (the RBI in India).
When the central bank wants to infuse liquidity into the monetary system, it will buy government securities in the open market. This way it provides commercial banks with liquidity.
In contrast, when it sells securities, it curbs liquidity. Thus, the central bank indirectly controls the money supply and influences the short-term interest rates.
jOiN ➛ @CurrentAffair4Exams
An Open Market Operation (OMO) is the buying and selling of government securities in the open market, hence the nomenclature.
It is done by the central bank in a country (the RBI in India).
When the central bank wants to infuse liquidity into the monetary system, it will buy government securities in the open market. This way it provides commercial banks with liquidity.
In contrast, when it sells securities, it curbs liquidity. Thus, the central bank indirectly controls the money supply and influences the short-term interest rates.
jOiN ➛ @CurrentAffair4Exams