CURRENT AFFAIRS

• IAS NEXT, Lucknow
• 20, Nov 2021

Centre will release over ₹95,000 crores in one stroke to States this month after Union Finance Minister met with Chief Ministers and State Finance Ministers to discuss the state of the economy and to sustain the recovery from the COVID-19 pandemic.Implication of such an announceme

• IAS NEXT, Lucknow
• 20, Nov 2021

A Reserve Bank of India (RBI) Working Group (WG) on digital lending, including lending through online platforms and mobile apps has submitted its recommendations.Key recommendations:A separate legislation should be enacted to oversee such lending.Setup a nodal agency to v

• IAS NEXT, Lucknow
• 20, Nov 2021

Moving quickly towards ending a retrospective tax dispute with a firm that gave India its largest oilfield, the government has accepted Cairn Energy PLC undertakings which would allow for the refund of taxes.The company will now be issued a ₹7,900 crore refund.What&rsquo

• Vaid's ICS, Lucknow
• 18, Nov 2021

GS Paper IITopics Covered: Appointment to various Constitutional posts, powers, functions and responsibilities of various Constitutional Bodies.Context:1st Audit Diwas was celebrated on November 16. Audit Diwas is being celebrated to mark the historic origin of the ins

• IAS NEXT, Lucknow
• 18, Nov 2021

Reference News:1st Audit Diwas was celebrated on November 16. Audit Diwas is being celebrated to mark the historic origin of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.About CAG:Th

• Vaid's ICS, Lucknow
• 16, Nov 2021

Why in News?The Reserve Bank – Integrated Ombudsman Scheme was launched by Prime Minster Narendra Modi in November 2021. The scheme aims to improve the grievance redress mechanism that addresses the complaints generated against the entities regulated by RBI.What is Integrate

• Vaid's ICS, Lucknow
• 16, Nov 2021

Why in News?Recently, the Prime Minister has launched the Reserve Bank of India (RBI)– Retail Direct Scheme to open up the Government bond market for the retail investors.In February 2021, RBI proposed to allow retail investors to open gilt accounts with the c

• IAS NEXT, Lucknow
• 15, Nov 2021

If current patterns are not reversed, global temperatures will likely rise by greater than 3°C above pre-industrial levels by 2100—this will be a significant breach of the limit of 1.5°C set by the Paris Climate Agreement. The priority of the COP26 summit is to urge nati

• IAS NEXT, Lucknow
• 13, Nov 2021

Reserve Bank of India (RBI) Shaktikanta Das has sounded alarm on cryptocurrencies, cautioning investors on the potential pitfalls of the digital currency.Concerns raised: Cryptocurrencies are a very serious concern from a macro economic and financial stability point of view.B

• IAS NEXT, Lucknow
• 11, Nov 2021

Reference News:Recently, the Ministry of Commerce and Industry announced that it is working on a plan to reach a services export target of USD 1 trillion by 2030. This target is nearly five times of what India exported last fiscal (FY 2020).Key PointsServic