Central government Current Affairs - 2020

Supreme Court’s suo motu cognisance of Migrant Workers’ plight

On May 26, 2020, a three-judge bench of the Supreme Court took suo motu cognisance of migrant workers issue and noted that there have been “inadequacies and certain lapses” on the part of the Central and State governments in dealing with the migrant workers crisis during the lockdown. What is suo moto cognisance? Suo motu Read More…

RBI sets the limits for Ways and Means Advances (WMA)

The Reserve Bank of India (RBI) in consultation with the government of India has set the limits for Ways and Means Advances (WMA) for the first half of the financial year 2019-20 (April 2019 to September 2019) at Rs 75000 crore. What is Ways and Means Advances (WMA)? Ways and Means Advances is the temporary Read More…

Centre asks states to step-up spending under District Mineral Fund

The Central government has asked the states to step-up the spending under District Mineral Fund as just 24 per cent of the Rs 23,606-crore mopped up under the Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY) was actually spent. The central government has also issued directions to ensure that there is no fund diversion or leakage. Pradhan Read More…

Amazon-Witzig bid to acquire Birla’s retail store chain gets CCI node

The Competition Commission of India has approved the deal wherein Samara Capital-backed Witzig Advisory Services and Amazon will acquire Aditya Birla Retail Ltd, which operates a supermarket store chain ‘more’. As per the deal, 99.99 per cent of the equity share capital of Aditya Birla Retail would be acquired by Witzig and 49 per cent Read More…

Sovereign gold bonds on sale between Jan 14-18: Govt

The government has decided to issue new series of sovereign gold bonds between January 14 and January 18 at Rs 3,214 per gram and those who subscribe to the bonds online will get a discount of Rs 50 per gram. Sovereign gold bond scheme The Sovereign gold bond scheme was introduced by the government in 2015 to Read More…