GS-III

The government wants greater involvement in the RBI’s decision-making as it feels the current practice leaves it out on many critical issues such as single-day default turning a loan into an NPA, sources said ahead of the crucial board meeting of the central bank.The Centre feels that as the representative …

India faces a potential sharp slowdown in credit availability as non-bank financial institutions face a possible credit squeeze even as the asset quality is stabilising, Moody’s said in its 2019 Global Emerging Market Outlook.“In India, an ample foreign exchange reserves buffer and very low external debt levels help provide greater …

The National Green Tribunal (NGT) on Friday directed automajor Volkswagen to deposit an interim amount of Rs. 100 crore with the Central Pollution Control Board (CPCB), following a plea that alleged that the company used “cheat devices” in emission tests in its diesel vehicles.A bench headed by NGT Chairperson Justice …

One important reason for the delay in releasing the back series of the GDP data is the fact that the government took so long in appointing a new Chief Statistician of India, a former government official told The Hindu .The NITI Aayog, earlier this week, said that it would hold …

More than Rs. 400 crore worth of electoral bonds were sold by the State Bank of India (SBI) in the 10-day window of October, a sharp rise from the Rs. 32 crore worth of bonds sold in the July tranche, according to data the bank released under the Right to …

Crop sowing in the ongoing winter (rabi) season is lagging behind this year, with the acreage sown of most major crops lower than usual for this time of year. Overall, 21% less acreage has so far been sown, according to the data released by the Agriculture Ministry on Friday. Wheat, …

In a bid to encourage employers, especially in the private sector, to implement the extended 26-week maternity leave law, the Labour Ministry plans to refund them for seven weeks’ worth of wages for women workers with a wage ceiling up to Rs. 15,000 per month. The Ministry is in the …

Even before the cyclone made landfall, Ministers M.C. Sampath (Industries), R. Kamaraj (Food), O.S. Manian (Textiles), C. Vijaya Baskar (Health), R. Doraikkannu (Agriculture) and M. Manikandan (Information Technology), who are natives of these districts, have been camping there.Senior IPS officers Shakeel Akhtar, Thamaraikannan, Ravi and C. Sylendra Babu have been …

The Indian Railways is planning to establish medical colleges to offer postgraduate courses for doctors at 10 of its existing hospitals across India.The official said that the proposal has been cleared by the Railway Board and now, the Railways is in the process of getting permissions from the Medical Council …

If the civic body has its way, property owners who have violated building bylaws may have to pay a hefty tax. The Bruhat Bengaluru Mahanagara Palike (BBMP) has proposed to double the property tax for owners who have deviated from the approved plan. Civic officials who turned a blind eye …