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The Press Council of India was first set up in 1966 by Parliament on the recommendations of the first press commission with the aim to protect the freedom of the press and the preservation and development of press ethics in India. More about Press council of India: The new Council works under the PrRead more
In 2016, the Ministry of Health and Family Welfare launched the E-Raktkosh platform to standardize and streamline the central operating processes, protocols and workflow of blood banks across the world. It is a single point for keeping donor records as well as offering real-time updates on the condiRead more
Every year, the Government of India celebrates April 21 as 'Civil Services Day' as an opportunity for civil servants to rededicate themselves to the cause of people and to strengthen their public service efforts and excellence in work. More about Civil services day: This date was selected to remembeRead more
The Permanent Mission is the diplomatic mission that every member nations deputes to the United Nations, and is headed by a Permanent Representative, who is also referred to as the “UN ambassador”. More about Permanent Missions to the United Nations(UN): India has named diplomat T S Tirumurti as itsRead more
CRAR is the ratio of a bank’s capital in relation to its risk weighted assets and current liabilities. In other words, it calculates the amount of capital a bank has with it as a proportion of its overall exposure to credit. The full form of CRAR is Capital to Risk Assets Ratio. It is also Known asRead more
The RBI has issued its FSR, a biannual publication representing the collective evaluation of the Financial Stability and Development Council (FSDC) sub-committee on the threats to financial stability and financial system resilience. Highlights Of The Report: Increase In NPA: The gross non-performingRead more
The Agriculture Ministry has launched a data recovery centre 'Krishi Megh' set up in Hyderabad. Krishi Megh has been set up under the National Agricultural Higher Education Project (NAHEP), funded by both the government and World Bank. It focuses on protect the precious data of the government's premRead more
A geographical indication or GI is a symbol used for products having a particular geographical origin and having a reputation or characteristics that are attributed to that geographical origin. Or simply we can say that: Geographical indications are visual means (such as a mark) for customers who asRead more
Meaning of SDR: The Special Drawing Rights (SDR) is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. The SDR is neither a currency nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Read more
About Ways and Means Advances (WMA): The WMA are short-term loan facilities which allow the Centre and states to borrow funds from the RBI at repo rate and bridge the mismatch between expenditure and receipts. These loans have a three-month tenure, and states are allowed an overdraft of 21 days. ThRead more