Daily Archives: April 29, 2021

INFRASTRUCTURE FUND FOR AGRICULTURE

Agriculture Infrastructure Fund has crossed the eight thousand crore mark. The investment will give a boost to several agricultural projects which will unlock value for farmers across the country. Important points: It is a central sector scheme To provide medium – long term debt financing facility for investment in viable …

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POST-BREXIT TRADE TREATY

The European Parliament has ratified the post-Brexit trade deal between the European Union and the United Kingdom (UK). The EU–UK Trade and Cooperation Agreement (TCA) is a free trade agreement signed in December 2020, between the EU, the European Atomic Energy Community (Euratom) and the United Kingdom (UK). The deal …

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REPORT ON ASSET RECONSTRUCTION COMPANIES

The Reserve Bank of India (RBI) in its report on Asset Reconstruction Companies (ARCs) said that the growth of the ARC industry has not been consistent over time and not always been synchronous with the trends in Non-Performing Assets (NPAs) of banks and Non-Banking Financial Companies (NBFCs). However, the RBI …

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ANTIMICROBIAL RESISTANCE

Antimicrobial resistance (AMR) is a growing global problem to which the ongoing Covid-19 pandemic may further contribute. With resources deployed away from antimicrobial stewardship, evidence of substantial preemptive antibiotic use in Covid-19 patients and indirectly, with deteriorating economic conditions fuelling poverty potentially impacting on levels of resistance, AMR threat remains …

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EARTHQUAKE

Recently, a powerful earthquake measuring 6.4 on the Richter Scale jolted Assam and other parts of Northeast. According to the National Centre for Seismology (NCS) report, the tremors have been attributed to Kopili Fault zone closer to Himalayan Frontal Thrust (HFT). NCS is the nodal agency of the Government of …

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GOVERNMENT OF NCT OF DELHI (AMENDMENT) ACT, 202

The Government of National Capital Territory (GNCT) of Delhi (Amendment) Act, 2021, which gives primacy to the Lieutenant Governor (L-G) over the elected government in the city, has come into force. Important points: Provisions of the GNCT of Delhi (Amendment) Act 2021: It amended the Sections 21, 24, 33 and …

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QUAD GROUPING

The Trade Ministers of India, Japan and Australia have formally launched the Supply Chain Resilience Initiative (SCRI). The SCRI aims to create a virtuous cycle of enhancing supply chain resilience with a view to eventually attaining strong, sustainable, balanced and inclusive growth in the Indo-Pacific region. The trio (India, Japan …

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