funds Current Affairs - 2020

RBI creates Payment Infrastructure Development Fund

On June 5, 2020, the Reserve Bank of India created Payment Infrastructure Development Fund of Rs 500 crores. Highlights The apex bank has made an initial contribution of Rs 250 crores towards the funds. The rest of the fund is to come through the card issuing banks. The fund has been created to increase point Read More…

Union Cabinet approves change of definition of MSMEs

On June 1, 2020, the Union Cabinet approved the changes made to the definition of MSMEs. The Finance Minister Nirmala Sitaraman had announced about the changes being made to MSMEs while she announced the economic package allocated to Atma Nirbhar Bharat Abhiyan. Definition According to the new definition, MSMEs with investment till Rs 1 crore Read More…

State Health Register to be launched by Karnataka Government: First of its Kind

On May 27, 2020, the Karnataka State Government announced that it will launch a “State Health Register” to collect data of all its citizens. The register is first of its kind in the country. Highlights The register will hold names of all the citizens of the state. The need to maintain such a register has Read More…

Corona Virus Global Response International Pledging Conference held

On May 5, 2020, around 40 countries took part on an online summit called Global Response International Pledging Conference. Highlights The Conference was initiated by European Union. US and Russia did not take part in the conference. China where the virus originated was represented by its ambassador. The main aim of the conference was to Read More…

Task force on National Infrastructure Pipeline submits its report

On April 29, 2020, the task force on National Infrastructure Pipeline has submitted its final report to Finance Minister Nirmala Sitaraman. The report has been prepared for the year 2019-25. Highlights The summary of the report prepared by the task force on National Infrastructure Pipeline had already been released in December 2019. The Finance Minister Read More…