E magazine competition success review

E magazine competition success review

E magazine competition success review Published this article page no  75 STRESSED URBAN COOPERATIVE BANKS TO FACE PCALIKE CURBS Why in News? The Reserve Bank of India (RBI) has decided to revise Supervisory Action Framework (SAF) on urban cooperative banks (UCBs) for deterioration of financial position in line with the prompt corrective action (PCA) framework that is imposed on commercial banks. Revised SAF  Under this UCBs will face restrictions on worsening of 3 parameters o Net nonperforming assets exceed 6% of net advances. o Losses for two consecutive financial years or have accumulated losses on their balance sheets o Capital adequacy ratio (CAR) falls below 9%.  Action can be also taken if there are serious governance issues.  Possible restrictionsActions that can be taken by the RBI o It may seek a boardapproved proposal for merging the UCB with another bank or converting itself into a credit society if CAR falls below 9%. o It can impose restrictions on declaration or payment of dividend or donation without prior approval if any one of the risk thresholds is breached. o Some of the other curbs include restricting fresh loans and advances carrying riskweights more than 100% on incurring capital expenditure beyond a specified limit and on expansion of the balance sheet. o Actions such as issue of showcause notice for cancellation of banking licence may also be considered. For more details refer to Urban Cooperative Banks (UCB) article in October 2019 Monthly Current Affairs E magazine competition success review buy.

E magazine competition success review

Shine india monthly magazine

Shine india monthly magazine

Shine india monthly magazine Published this article page no  84 Housing  Extension of Registration and Completion Date of Real Estate Projects under RERA o The primary objective of this measure is to de stress real estate developers and ensure timely completion of projects keeping the ultimate consumer in mind. o To ensure this the Ministry of Housing and Urban Affairs will advise StatesUTs and their Regulatory Authorities to the following effect  Treating COVID19 as an event of Force Majeure by Real Estate Regulatory Authority (RERA).  Issuance of fresh Project Registration Certificates should automatically be done with revised timelines.  Provide Extension of timelines for various statuary compliances under RERA concurrently.  Boost to housing sector in middle income group o Government will extend the Credit Linked Subsidy Scheme (CLSS) up to March 2021.  Potential benefits of the scheme o Close to 2.5 lakhs middle income families will benefit from the scheme during 202021. o This will lead to an investment of over Rs. 70000 Crores in housing indirectly help in job creation and stimulate demand for steel cement transport and other construction materials. DISCOMs  Liquidity Infusion for Power Distribution Companies (DISCOMs) (Allocation Rs. 90000 crore) o This infusion will be done by Power Finance CorporationRural Electrification Corporation. o Issues faced by DISCOMS  DISCOMs are facing unprecedented cash flow problem accentuated by demand reduction and as a result revenue of DISCOMs have plummeted.  DISCOM payables to Power Generation and Transmission Companies is currently approximately Rs. 94000 crore. o Other features of the scheme  Loans under the scheme are to be given against State guarantees for exclusive purpose of discharging liabilities of DISCOMs to Power Generation and Transmission Companies.  Central Public Sector Generation Companies shall give rebate to DISCOMs which shall be passed on to the final consumers (industries) Shine india monthly magazine buy. 

Shine india monthly magazine

Shine india monthly magazine

Shine india monthly magazine

Shine india monthly magazine Published this article page no  83 Other Policy Reforms o Removal of distinction between captive and noncaptive mines to allow transfer of mining leases and sale of surplus unused minerals. This will lead to improved efficiency in both mining and production. o Ministry of Mines is in the process of developing a new Mineral Index for different minerals. o Rationalisation of stamp duty payable at the time of award of mining leases. Civil Aviation  Efficient Airspace Management o The primary aim of this reform is to Reduce Flying cost. o Currently only 60% of the Indian airspace is freely available. Now restrictions on utilisation of the Indian Air Space will be eased so that civilian passenger flying becomes more efficient and affordable. o Possible benefits from the reform  It will bring about a total benefit of about Rs 1000 crores per year for the aviation sector.  It will lead to optimal utilization of airspace reduction in fuel use reduction in time etc. along with Positive environmental impact.  Airports o The reform aims at creating more World class Airports in India through PPP mode. 84 o Following efforts have been taken in this regard  AAI has awarded bidding of 3 airports out of 6 for Operation and Maintenance on Public Private Partnership (PPP) basis.  Six more airports have been identified for 2nd and 3rd round of bidding process each.  Maintenance Repair and Overhaul (MRO) o India aims to become a global hub for Aircraft MRO operations. o To enable this tax regime for MRO ecosystem in India has been rationalized and also convergence between defence sector and the civil MROs will be established to create economies of scale. o Potential benefits accruing from this  Aircraft component repairs and airframe maintenance industry is to increase from Rs 800 crores to Rs 2000 crores in next three years thus increasing business in the sector.  Major engine manufacturers in the world would be encouraged to set up engine repair facilities in India.  Maintenance cost for both domestic and foreign airlines will come down substantially Shine india monthly magazine buy.

Shine india monthly magazine

Junior Science Refresher

Junior Science Refresher

Junior Science Refresher this is science magazine in india Published this article page no 80  The fund aims to support private investment in Dairy Processing agricultural value addition and cattle feed infrastructure.  Under the scheme incentives will also be given for establishing plants for export of niche products within the animal husbandry sector. Beekeeping initiatives  Beekeeping is a livelihood supporting activity for rural areas. It increases yield & quality of crops through pollination and also provides honey and other beehive products like wax.  To support beekeeping government aims to launch a scheme with following objectives o Infrastructure development related to Integrated Beekeeping Development Centres Collection Marketing and Storage Centres PostHarvest & value Addition facilities etc. o Implementation of production standards and developing a corresponding traceability system. o Capacity building of the sector with special thrust on women farmers.  This scheme may lead to increase in income for almost 2 lakh beekeepers and provision of quality honey to consumers. Promotion of Herbal Cultivation  Government envisages to cover 1000000 hectares of land under Herbal cultivation in next two years with outlay of Rs. 4000 crore.  Other steps for promoting herbal cultivation o National Medicinal Plants Board (NMPB) has supported 2.25 lac hectare area under cultivation of medicinal plants. o NMPB will bring 800 hectares area under herbal cultivation by developing a corridor of medicinal plants along the banks of Ganga. o NMPB also aims at creation of a network of regional Mandis for Medicinal Plants junior science refresher magazine buy.

Junior Science Refresher

Master In Current Affairs Magazine

Master In Current Affairs Magazine

Master In Current Affairs Magazine Published this article page no  45 DRONE REGULATION Why in news? Ministry of Civil Aviation announced a scheme providing a window up to January 31 2020 for voluntary registration of all drones and their operators. More about News  On successful submission of voluntary disclosure of possessing drone a Drone Acknowledgement Number (DAN) and an Ownership Acknowledgement Number (OAN) will be issued online which will help in validation of operation of drones in India.  However the DAN and the OAN do not confer any right to operate drones in India if it does not fulfil the DGCAs drone regulations.  Further ownership of drones in India without a valid DAN or OAN shall invite penal action as per applicable laws. Drones in India  As per Ministry of Civil Aviation drones are defined as a technology platform that has wideranging application from photography to agriculture from infrastructure asset management to insurance.  Drones range in size from very small and those that can carry multiplekilograms of payload. The DGCA has defined five different categories of drones o Nano Less than or equal to 250 grams o Micro From 250 grams to 2kg o Small From 2kg to 25kg o Medium From 25kg to 150kg o Large Greater than 150kg 79 About Digital Sky Platform  It is a softwarebased selfenforcement unmanned traffic management (UTM) system which is expected to facilitate registration and licensing of drones and operators in addition to giving instant (online) clearances to operators for every flight Master In Current Affairs Magazine  buy. 

Master In Current Affairs Magazine