The Reserve Bank of India (RBI) has set up a high-level six-member committee under IBA Chief Executive V G Kannan. The committee will examine ATM charges and fees by banks amid demands for reviewing the levies. There have been persistent demands to change automated teller machines (ATM) charges and fees as its uses are growing significantly. Panel […]

The Union Cabinet approved the two Medical Bills, Indian Medical Council (Amendment Bill), 2019, and the Homoeopathy Central Council (Amendment Bill), 2019. Both the bills had lapsed in the 16th Lok Sabha session.  The Bills are to be reintroduced in the upcoming Parliament session.  Indian Medical Council (Amendment Bill), 2019: The Bill is aimed at bringing in accountability, transparency, and quality in the

Shri Arjun Munda Tribal Affairs launched the “e-governance initiatives for ST Welfare schemes”  It is organized by the Ministry of Tribal Affairs. Smt. Renuka Singh Saruta, Minister of State for Tribal Affairs These e-governance initiatives serve their purpose of the betterment of tribal communities across the nation. Ministry of Tribal Affairs officials to prepare a

The Defence Research and Development Organisation (DRDO) conducted the maiden test of an indigenously developed Hypersonic Technology Demonstrator Vehicle (HSTDV) along with several technologies on 12 June.  The HSTDV missile was successfully launched from Dr Abdul Kalam Island off the coast of Odisha. The missile was tracked by various radars, telemetry stations and electro optical tracking sensors through its course. It HSTDV being developed

The Government of Japan planned to invest an amount of 205.784 billion Yenequal to Rs 13000 crores to complete new projects in different states of India’s North- Eastern region.  This decision is disclosed after a meeting held with Minister Jitendra Singh with Japanese delegation led by Ambassador Kenji Hiramatsu. The important topics where Japan collaborates include Guwahati

GST Council decided to introduce a new GST return system to facilitate taxpayers. The new plan is worked out to ease the transition to the new return system.  A prototype of the offline tool has already been shared on the common portal to give the look and feel of the tool to the users. The tool

The Cabinet Committee on Security headed by Prime Minister Narendra Modihas approved the setting up of Defence Space Research Agency (DSRO), a new agency, which will develop sophisticated weapon systems. The approval aimed to To enhance the capabilities of the armed forces to fight wars in space. Members of DSRO: The agency will be headed by a Joint Secretary-level scientist. DSRO would

The Nitish Kumar-led Bihar Cabinet on Tuesday gave a green signal to a proposal seeking provisions to punish wards of elderly parents who could face jail time over charges of abandonment. The proposal that was seeking provision to punish “sons and daughters” for not looking after their parents had been submitted by the Bihar social

Mela Kheer Bhawani festival was celebrated in Jammu & Kashmir on Zeasht Ashtami. In 2019, the day fell on June 10. The devotees prayed at the famous Ragnya Devi temple in Ganderbal district, J&K. Zyestha Ashtami is celebrated by Kashmiri Pandits across the country and outside as the day marks commencing of annual pilgrimage. Mela Kheer Bhawani:Kheer Bhawani is a temple that is dedicated to the Goddess

The Reserve Bank of India is to infuse Rs.15,000 crore into the financial system through bond purchases on June 13. Why the infusion: RBI made the decision after assessing of prevailing liquidity conditions and also of the durable liquidity needs that are going forward.  RBI uses Open Market Operations (OMO) for injecting liquidity into the system through the purchase of government bonds (G-sec). Therefore, RBI is