What are Open Market Operations? Open market operations is the sale and purchase of government securities and treasury bills by RBI or the central bank of the country. The objective of OMO is to regulate the money supply in the economy. RBI carries out the OMO through commercial banks It does not directly deal with … Read more
VCOAS visits Jat Regimental Centre Lieutenant General S K Saini, VCOAS, Colonel of the Jat Regiment, visited JAT Regimental Centre and an Infantry Battalion of The JAT Regiment to review the training and administrative aspects. He complimented all ranks for high standards of training and devotion to duty. US-India Bilateral Mil-Med Exchange In a Virtual … Read more
What is National Register of citizen? The NRC is the list of Indian citizens and was prepared in 1951, following the census of 1951. NRC is a register containing the names of all genuine Indian citizens. NRC is prepared in respect of each village, showing the houses or holdings in a serial order and indicating … Read more
What is PM KUSUM? ‘Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM). Launched by Ministry of New and Renewable Energy (MNRE) Aim: To promote use of solar energy among the farmers. The Scheme is for farmers for installation of solar pumps and grid connected solar and other renewable power plants in the country. Target: To set … Read more
91 Young Parachute Regiment Soldiers Successfully Completed Training 91 Young Parachute Regiment Soldier Recruits were attested after the successful completion of their training at Parachute Regiment Training Centre, Bangalore yesterday i.e. on 30th August 2020. Parachute Regiment consists of PARA and PARA (SF) Battalions, which are the elite volunteer force of Indian Army. The Regiment … Read more
What are the key highlights of FRBM Act, 2003? The Fiscal Responsibility and Budget Management Act (FRBM Act) was enacted in August 2003. Aims to introduce transparency in India’s fiscal management systems. Objectives: To ensure fiscal discipline in government finances Inter-generational equity in fiscal management Long-term macro-economic stability. The act mandated the reduction of the … Read more
Course Completion of Merged Artificer Apprentice Course at INS Shivaji 192 trainees of Merged Artificer Apprentice Course (MAAC) XXX, which includes 142 trainees from the Indian Navy, 42 trainees of the Indian Coast Guard and eight International trainees consisting of four trainees from Sri Lanka and one trainee each from Ghana, Fiji, Tanzania and Maldives … Read more
What is Public Financial Management System? Web-based online software application. Developed and implemented by the Office of Controller General of Accounts (CGA), Ministry of Finance. PFMS is an electronic fund tracking mechanism compiles, collates and makes available in real-time, information regarding all government schemes. It provides the government real-time information on resource availability and utilization … Read more
Government working on giving shape to new air defence command by October: Sources The defence ministry is likely to make an announcement in October on setting up of a new air defence command under the broad principle of convergence among the three services, people familiar with the development said on Thursday. The new air defence … Read more
What are the objectives of the MGNREGA? MGNREGA is one of the largest work guarantee programmes in the world. The scheme was introduced as a social measure that guarantees “the right to work”. Guarantee 100 days of employment in every financial year to adult members of any rural household willing to do public work-related unskilled … Read more
