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PLFS is India’s first computer-based survey which gives estimates of key employment and unemployment indicators like the labour force participation rate, worker population ratio, proportion unemployed, and the unemployment rate in rural households annually and on a quarterly basis for the urban housRead more
About Indian Gas Exchange (IGX): Ministry of Petroleum and Natural Gas has launched the Indian Gas Exchange (IGX). IGX is the first nationwide online delivery-based gas trading platform. It has been incorporated as a wholly-owned subsidiary of the Indian Energy Exchange (IEX), which is India’s energRead more
A rights issues is a mechanism by which companies can raise additional capital from existing shareholders. Shareholders have the right, within a pre-defined period of time, to subscribe to the shares in proportion to their current holdings. Rights Issue in news: Reliance Industries Limited recentlyRead more
The 'Atmanirbhar Bharat App Innovation Challenge' is being initiated by the Ministry of Electronics and Information Technology along with the Atal Innovation Mission. More about this challenge: The move came about after 59 Chinese applications were banned by the Central Government. It will help to rRead more
Ministry of Skill Development and Entrepreneurship (MSDE) launched the ‘Aatamanirbhar Skilled Employee Employer Mapping (ASEEM)’ portal to help skilled people find sustainable livelihood opportunities. ASEEM will provide a forum for employers to determine the availability of qualified employees andRead more
About Real Time Market (RTM): The Ministry of Power and New & Renewable Energy has launched a pan-India Real Time Market in electricity. RTM is an organized market platform to enable the buyers and sellers pan-India to meet their energy requirement closer to real time of operation. Its also callRead more
The President promulgated the Banking Regulation (Amendment) Ordinance 2020 to put under the supervision of the RBI, all urban cooperative banks and multi-state cooperative banks. These banks are currently subject to concurrent regulation by the RBI and the Co-operative Societies Registrar, resultinRead more
If the cashbook and the pass book do not reconcile, it can affect business in many ways: When you look at your books, you want to know they represent reality. If your bank account and your books don't line up, you could end up spending money you don't really have or hanging on to the money you couldRead more
A strategic petroleum reserve(SPR) are essentially huge stockpiles of crude oil. It is the world's largest supply of emergency crude oil to tide over severe supply shocks of this critical fuel. More about SPR: It was set up primarily to minimise the effects of disruptions in the supply of petroleumRead more
About IMFC: IMFC stands for International Monetary and Financial Committee. The IMFC is the International Monetary Fund’s (IMF) Committee at the Ministerial level. The size of the IMFC and its composition are matched by that of the Executive Board. The IMFC has 24 members who are governors of the ceRead more