Banking services chronicle

pratiyogita kiran pratiyogita kiran Published this article page no 01 Eligibility Criteria for sugar factory o It has been incurring cash losses continuously for the last 3 financial years or o Its net worth is negative and the sugar factory is not closedhas not ceased to crush cane for more than 2 sugar seasons excluding the current sugar season. Benefits o Two years moratorium and then five years of repayment. o Waiver of additional interest in full will be given to the eligible sugar factories. o The rate of interest will be changed to the interest rate as per the prevailing bank rate on the date of approval of the rehabilitation package as per SDF Rule 26 (9) (a). Sugarcane pricing policy Fair and Remunerative Price (FRP) It replaced the Statutory Minimum Price (SMP) of sugarcane in 2009 through amendment of the Sugarcane (Control) Order 1966 with FRP as o The minimum price that sugar mills have to pay sugarcane farmers to insulate them from increasing input costs. o It is linked ...

Csr general knowledge today gk today magazine subscription   Published this article page no 35  It pointed out that the acceptance for marital rape stems from the outdated notion of wives as property and goes against the institution of marriage in modern times as a partnership of equals.  On ChildrenIt also forces the children to live in an atmosphere of sexual abuse and violence carrying risks of serious developmental issues.  On SocietyIt increases the societal inequalities based on gender and weakens community sanctions against perpetrators. Thus creating an environment of tolerance towards sexual assault from husband.  On Institutions It limits the ability of institutions such as the police and judicial system to provide support to vulnerable women. The negative impact created by this exception points towards criminalization of marital rape. But the implementation of the same has some issues. Concerns over criminalization of Marital Rape Marriage is consider...

  Csr general knowledge today gk today magazine subscription   Published this article page no  38 Poor performance in Olympics At the recent Tokyo Summer Olympics and Paralympics India had its best performance till date with 7 and 19 medals respectively. o Overall India has won only 35 medals at the summer Olympics since 1900 edition. o In the Winter Olympic Games India is yet to win a medal. Similarly it qualified only once for FIFA World Cup in 1950. This poor performance from Indian athletes at international competitions can be attributed to a number of reasons (see image). What are the steps that have been taken to address the poor performance? With sports being an important means to promote bonding among people and gain national pride and prestige government has taken number of initiatives to promote sports in India such as Policy InitiativesNational Sports Policy for broad basing of sports and achieving excellence in sports at national and international level. ...

  Csr general knowledge today csr gktoday magazine subscription  Published this article page no  46 The Government of India enacted the Transplantation of Human Organs (Amendment) Act 2011 and the title was revised as Transplantation of Human Organs and Tissues Act 1994. The rules were notified in 2014.  This amendment introduced several important changes to the Act o This allows swapping of organs and widens the donor pool by including grandparents and grandchildren in the list. o The Act allows unrelated live donors by reason of affection or attachment towards recipient or for any other special reason with the approval of Authorization Committee. o The Act regulates the hospitals where removal storage or transplantation human organs are performed by constituting the Appropriate Authority assisted by an Advisory Committee. o The Act mandates the appointment of a transplant coordinator in every registered hospital. o The Act also directs for the setting up of a Nati...

gk today magazine subscription gk today magazine subscription   Published this article page no 39  Support and Promotion SchemesThe Ministry of Youth Affairs and Sports has started number of flagship Central Sector Schemes such aso Target Olympic Podium Scheme (TOPS) to provide assistance to a selected set of athletes. o Khelo India National Programme for Development of Sportsto infuse sporting culture and achieve sporting excellence in the country through various initiatives (see image).  Digital InitiativesDevelopment of National Sports Repository System (NSRS) as a digital platform for online registration of athletes coaches and sports training centers.  Sports Education DevelopmentSetting up of institutions to provide higher education in branches of knowledge related to Physical Education and Sports Science. E.g Lakshmibai National Institute of Physical Education.  Incentives to SportspersonsNational Sports Award to recognize outstanding performances. E.g Ma...

  Junior science refresher  junior science refresher Published this article page no 19 HYDERABAD DECLARATION’ ON EGOVERNANCE ADOPTED  24th National eGovernance conference unanimously adopted the Hyderabad declaration. o Conference was jointly held by Ministry of Electronics & Information Technology (MeitY) Department of Administrative Reforms & Public Grievances in collaboration with Telangana Government.  eGovernance is use of Information and Communication Technology (ICT) at all level of Government to transform relations with citizens businesses and other arms of government. o It has helped Government to enhance coverage increase transparency improve response to citizens and lower costs and has facilitated citizens to have better access equity & social empowerment.  Key highlights of Hyderabad Declaration  Transform citizen services by using Aadhaar UPI Digi Locker UMANG e Sign etc. o Fast track implementation of national level public digital...

  Knowledge quest magazine knowledge questions magazine Published this article page no 92 Applicability A company satisfying any of the following criteria during the immediately preceding financial year is required to comply with CSR provisions o Net worth of rupees five hundred crore or more or o Turnover of rupees one thousand crore or more or o Net profit of rupees five crore or more. These companies are required to spend a minimum 2% of its average net profit for its preceding three financial years’ amount on CSR activities. These companies are also required to form a CSR committee to oversee the entire CSR activities of the Company. o Role of CSR committee Formulate CSR policy recommend the amount of expenditure to be incurred and monitor CSR policy of the company from time to time. They must also oversee the systematic development of a set of processes Key Facts related to CSR spending in FY 21 Companies spent a total of8828 crores in FY21 on CSR roughly a third of what they...

  Competition affairs magazine mahendras monthly magazine Published this article page no 29 INDIAN OCEAN REGION INDIA AS NET SECURITY PROVIDER Why in news? Recently India’s President praised India’s constant vigil in protecting the Indian Ocean region (IOR) and advocated that India had become a preferred security partner in the region. What is Net security provider? Net security provider is usually meant as enhancing the mutual security of more than one country by addressing common security concerns including dealing with transnational piracy or responding to disasters etc. It encompasses 4 different activities o Capacity building It refers to the training of foreign forces—both civilian and military either at home or by deploying trainers abroad. Military diplomacy It enhances military diplomacy mainly through military visits and exercises. Such activities can bolster foreign militaries and signal strong bilateral relations and partnerships.  Military assistance Primarily by...

Banking service chronicle Banking service chronicle published this article page no 1 Recently the 15th Finance Commission chairperson raised concerns over growing political election freebies with the need to contemplate adopting the concept of subnational bankruptcies. About Election FreebiesElection Freebies are the offerings/distribution of irrational freebies from political parties as part of electoral promises.In the last few years election freebies have become an integral part of Indian elections with cumulative increase in each election. E.g. Free electricity Free Water Free Rides Loan Waivers Allowances laptops etc. Some of these ‘freebies’ help them to meet basic needs of people and uplift their living standard helping to temporarily address other issues as well such as unemployment rising cost of living economic inequalities etc banking service chronicle monthly magazine subscription.  Banking service chronicle