GS-III

“The Board also advised that the RBI should consider a scheme for restructuring of stressed standard assets of MSME borrowers with aggregate credit facilities of up to Rs. 250 million [Rs. 25 crore] , subject to such conditions as are necessary for ensuring financial stability,” the RBI said. On the …

Con artists edit bank details, get customers to share PINs Scamsters seem to have stumbled upon a gold mine in the form of a loophole in the Google Maps interface. Taking advantage of the fact that on Google Maps, an establishment’s contact details can be edited by anyone, a group …

UNESCO report says that 80% of seasonal migrant children in seven cities lacked access to education and 40% were likely to end up in work Literacy levels in rural households of India dip with seasonal migration, the UNESCO global education monitoring report 2019 has observed, bringing out the educational challenges …

‘The community can’t be included in SEBC category’ A day after Maharashtra Chief Minister Devendra Fadnavis announced a new Socially and Educationally Backward Class (SEBC) category under which Marathas will be given reservation, organisations of the Other Backward Classes (OBCs) said on Monday that this was an attempt to give …

Expert panel to review economic capital framework for future earnings The tension between the government and the Reserve Bank of India (RBI) appeared to have defused for the time being with both agreeing to settle for a middle ground at the end of an over nine-hour board meeting on Monday. …

Research will unravel the specialities of Assam teas, says an official A genome study project initiated by the Tea Board of India, to establish the origins and speciality of Indian teas, has now reached an advanced stage. The study is being conducted on Assam teas to establish it as a …

‘Though China is ahead in scale, trade wars spur de-risking’ Indian industry may well stand to gain from the fallout of the U.S.-China trade war, if the country plays its cards right, says Wheels India MD Srivats Ram . He dwells on the opportunities at hand and how challenges still …

Firm develops metal-air battery to deliver higher mileage If you ever get stuck at a traffic signal near the verdant campus of the Indian Institute of Science (IISc) in Bengaluru and see a fellow commuter driving a white Mahindra e2o Plus electric vehicle covered with stickers, don’t mistake him for …

In pre-GST era, the industry was struggling to add value to its customers, compared to global peers It has been 15 months since the rollout of what is considered one of India’s biggest tax reforms — the Goods and Services Tax (GST). But, we are already witnessing a major positive …

Section 13 of the RBI Act gives Governor the deciding vote Monday’s meeting of the Reserve Bank of India’s Central Board will be as important for the actions taken as for the fact that it’s the first time the body has met since the ‘RBI vs Finance Ministry’ tussle broke …