‘Partial Credit Guarantee Scheme’ approved by Cabinet

Partial Credit Guarantee Scheme Cabinet WHAT Union Cabinet approves “Partial Credit Guarantee Scheme” for purchase of high-rated pooled assets from financially sound Non-Banking Financial Companies (NBFCs) / Housing Finance Companies (HFCs) by Public Sector Banks (PSBs) FEATURES Partial Credit Guarantee Scheme”, to be offered by the Government of India to PSBs for purchasing high-rated pooled assets from financially sound NBFCs / HFCs, with the amount of overall guarantee being limited to first loss of…

Exercise Hand-in-Hand 2019 – Troops from India and China

India China joint exercise ‘Hand-in-Hand-2019’ Ministry of Defence WHAT The Eighth Edition of 14 days long India China joint training exercise ‘Hand-in-Hand-2019’ commenced at Meghalaya on 07 December 2019. The People’s Liberations Army (PLA) contingent from the Tibet Military Command & Indian Army contingent comprising of one Infantry company alongwith supporting staff are participating in it. AIM To enrich both the contingents from each other’s experience in counter-terrorism operations. The purpose of this exercise is…

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AIM-SIRIUS Deep Technology Learning Programme – NITI Aayog

AIM-SIRIUS Deep Technology Learning Programme NITI Aayog WHAT The second phase of NITI Aayog’s Atal Innovation Mission (AIM) and Russia’s SIRIUS Deep Technology Learning and Innovation Programme 2019 in Sochi (a city in Krasnodar Krai, Russia)concluded successfully. SIRIUS (Scientific International Research in Unique Terrestrial Station) is a series of experiments that investigate the effects of isolation and simulates a flight to the moon at the Institute of Biomedical Problems (IBMP) in Moscow, Russia. …

UN framework convention of Climate Change (UNFCCC COP25)

UN framework convention of Climate Change Ministry of Environment, Forest and Climate Change WHAT The 25th session of Conference of Parties under the UN Framework Convention of Climate Change (UNFCCC COP25) was held in Madrid, Spain. WHAT WILL HAPPEN AT COP25 UN Climate Conference will bring together governments, businesses, local authorities and civil society in Madrid to express support for the Paris Agreement and for urgent climate action. It will build momentum on…

‘Green Good Deeds’ initiatives by Environment Ministry

‘Green Good Deeds’ initiative Ministry of Environment, Forest and Climate Change WHAT ‘Green Good Deeds’ initiative is launched to spread environmental awareness among peoples and to mobilize people’s participation for conservation of the environment. ‘Green Good Deeds’ initiative is about simple, practical steps that students/teachers/citizens can perform in their day-to-day life towards the protection of the environment. HIGHLIGHTS The Environment Ministry coordinates a Central Sector Scheme namely ‘Environment Education, Awareness and Training’ with…

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Hybrid-Annuity-Model (HAM) project by Jal Shakti Ministry

Hybrid-Annuity-Model (HAM) project Ministry of Jal Shakti WHAT India’s First Sewage Treatment Plant (STP) to be completed under the Hybrid Annuity (HAM) Based Public-Private Partnership Model is inaugurated in Sarai, Haridwar. This Plant is based on advanced aerobic biological process, Sequential Batch Reactor (SBR) process, capable of removing the nutrients during treatment and is a 100% eco-friendly project. This plant will be maintained and operated for a period of 15 years. HYBRID-ANNUITY-MODEL…

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Government approved three new Indian Institute of Skills (IISs)

Indian Institute of Skills Ministry of skill development and entrepreneurship WHAT The Union government has approved the proposal for setting up of Indian Institute of Skills (IISs) in 3 locations namely Mumbai, Kanpur and Ahmedabad. The existing skill ecosystem of the Ministry of Skill Development and Entrepreneurship (MSDE) consists of Industrial Training Institutes (ITIs), Polytechnics, Advanced Training Institutes (ATIs) which are now known as National Skill Training Institutes (NSTI) besides a large number of…

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64th Mahaparinirvan Diwas celebrated on 06 Decemeber 2019

Mahaparinirvan Diwas Prime Minister’s Office WHAT Bharat Ratna Baba Saheb Dr. BhimRao Ramji Ambedkar is being remembered on his 64th Mahaparinirvan Diwas (Death Anniversary). President, Vice-President & Prime Minister offered floral tribute at the statue of Baba Saheb at Sansad Bhavan. CHAITYA BHOOMI Chaitya Bhoomi (Officially: Dr. Babasaheb Ambedkar Mahaparinirvan Memorial, Chaitya Bhoomi) is a Buddhist chaitya and resting place of B. R. Ambedkar, the chief architect of the Indian Constitution. Earlier known…

Curtain Raiser: Exercise INDRA 2019 – Ministry of Defence

Curtain Raiser: Exercise INDRA 2019 Ministry of Defence WHAT Exercise INDRA 2019 a joint, tri services exercise between India and Russia will be conducted in India from 10 — 19 December 2019 simultaneously at Babina (near Jhansi), Pune, and Goa. KEY POINTS The INDRA series of exercise began in 2003 and the First joint Tri Services Exercise was conducted in 2017. Company sized mechanised contingents, fighter and transport aircraft as well as ships…

Investor Education & Protection Fund Authority signs MoU

Investor Education & Protection Fund Authority Ministry of Corporate Affairs WHAT Investor Education & Protection Fund Authority signs Memorandum of Understanding with Bank of Baroda for Investor Awareness. INVESTOR EDUCATION & PROTECTION FUND IEPF is for promotion of investors’ awareness and protection of the interests of investors. Investor Education and Protection Fund (IEPF) has been set-up under Section 205C of the Companies Act, 1956 by way of the Companies (Amendment) Act, 1999. …

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