Mudra Yojana
Mudra Yojana The Union Cabinet approved the scheme for interest subvention of 2% to Shishu loan category borrowers under PMMY, outstanding as on March 31, 2020, for a period of 12 months to eligible borrowers. Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal www.udyamimitra.in . Under the aegis of PMMY, MUDRA has created three products namely ‘Shishu’, ‘Kishore’ and ‘Tarun’ to signify the stage of growth / development and funding needs of the beneficiary micro unit/entrepreneur and also provide a reference point for the next phase of graduation/growth. ‘Shishu’ covers loans up to ₹50000, ‘Kishore’ cover loans above ₹50000 and upto ₹5lakhs, ‘Tarun’ cover loans above ₹5 lakh and up to ₹10 lakh. Read Also Pradhan Mantri KISAN Samman Nidhi Enroll today with the best civils service academy and take your first step towards your Civils journey.Feel free to reach out to us for any inquiries, collaborations, or support. We’re here to help. contact us
Urban, multi-State coop banks to come under RBI supervision
Urban, multi-State coop banks to come under RBI supervision Currently, urban and multi-state co operative banks are under dual regulation of RBI and Registrar of Cooperative societies. The ordinance passed by the cabinet brings these banks completely under the regulations of RBI. The urban cooperatives and multi-State cooperative banks, which are 1,540 in number and have a depositor base of 8.6 crore, who have saved ₹4.84 lakh crore. The move comes after several instances of fraud and serious financial irregularities, including the major scam at the Punjab and Maharashtra Co-operative (PMC) Bank last year. These cooperatives are brought under supervision same as they of scheduled banks. Depositors will get greater security under the RBI supervision. Enroll today with the best civils service academy and take your first step towards your Civils journey.Feel free to reach out to us for any inquiries, collaborations, or support. We’re here to help. contact us
Scholarship For Civil Service IAS exam 2021
Scholarship For Civil Service IAS Exam The scholarship is available in both Online and Offline Mode: Scholarship Available for IAS 2022: TYPE Scholarship for Offline/Online Mode A 100 Percent B 50 Percent C 25 Percent D 10 Percent How to avail Scholarship for Civil Service Coaching? ✍️ Write an essay on Character, the Key to Success in not more than 1250 Words 📨 Send the essay to enquiry@civilscopy.adsomia.in ✔️ Kindly note that you should be writing your Name, Email, Mobile Number in your essay so that we could call you after the evaluation ✔️ You can contact on +918138000360 for any support/doubts Team Civils360 Civils360 IAS, V.K.P Lane, Near A.K.G Center, Trivandrum. 695034. https://youtu.be/qVxraAO5FXs Enroll today with the best civils service academy and take your first step towards your Civils journey. Feel free to reach out to us for any inquiries, collaborations, or support. We’re here to help. Contact Us
Secrecy of Ballot
Secrecy of Ballot Supreme Court in a recent judgement said the secrecy of the ballot is the cornerstone of free and fair elections, however, a voter can voluntarily waive the privilege of non-disclosure. The judgment came on an appeal against the Allahabad High Court decision setting aside the voting of a no-confidence motion in a Zila panchayat in Uttar Pradesh in 2018. It is the policy of the law to protect the right of voters to the secrecy of the ballot. Even a remote or distinct possibility that a voter can be forced to disclose for whom she has voted would act as a positive constraint and a check on the freedom to exercise of the franchise. The principle of secrecy of ballots is an important postulate of constitutional democracy. Section 94 of the Representation of the People Act, which upholds the privilege of the voter to maintain confidentiality about her choice of vote. However, the privilege ends when the voter decides to waive the privilege and instead volunteers to disclose as to whom she had voted. Read Also Treaty of brest-litovsk Enroll today with the best civils service academy and take your first step towards your Civils journey. Feel free to reach out to us for any inquiries, collaborations, or support. We’re here to help. Contact US
Solar Eclipse
Solar Eclipse An annular solar eclipse will occur on June 21,2020 and the people in India will be able to catch this annual celestial event in action. A solar eclipse occurs when moon passes between earth and sun, thereby totally or partly obscuring the image of sun for a viewer on earth. An annular solar eclipse occurs when the Moon’s apparent diameter is smaller than the Sun’s, blocking most of the Sun’s light and causing the Sun to look like an annulus (ring). 3 types of solar eclipses First, there is a total solar eclipse — which is only visible from a small area on earth. For the phenomenon to occur, the sun, moon and earth must be in a direct line. Second is the partial solar eclipse when the sun, moon and earth are not exactly lined up. Third is annular eclipse. This happens when the moon is farthest from the earth. Since the moon is farther away from the earth, it seems smaller and does not block the entire view of the sun. The moon is in front of the sun and looks like a dark disk on top of an even larger disk which appears like a ring of fire. Read Also Marine Heatwaves Enroll today with the best civils service academy and take your first step towards your Civils journey.Feel free to reach out to us for any inquiries, collaborations, or support. We’re here to help. contact us
Financial Action Task Force (FATF)
Financial Action Task Force (FATF) The Financial Action Task Force (FATF) is an inter-governmental body that was established by the G-7 Summit held in Paris in 1989 to examine and develop measures to combat money laundering. In 2001, the FATF expanded its mandate to incorporate efforts to combat terrorist financing, in addition to money laundering. It is mainly a “policy-making body” in the sense that it develops necessary policy to bring about national legislative and regulatory reforms to combat money laundering and terrorist financing. The FATF Secretariat is housed at the OECD headquarters in Paris. Objectives of FATF Set standards and take measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. Monitor the progress of its members in implementing necessary measures. Review money laundering and terrorist financing techniques and counter-measures. In collaboration with other international stakeholders, the FATF works to identify national-level vulnerabilities with the aim of protecting the international financial system from misuse. In accordance with its mandate, FATF has issued several recommendations on money laundering and terror financing popularly known as the forty-plus nine recommendations. The FATF also has two lists called the Grey list and the Black list. Members of FATF As of 2018 FATF consists of thirty-six member jurisdictions. It also consists of two regional organisations, the European Commission and the Gulf Co-operation Council. India is a member of FATF. Forty plus Nine Recommendations FATF issued the Forty Recommendations on money laundering and the Nine Special Recommendations (SR) on Terrorism Financing (TF). These recommendations together are known as the Forty plus Nine Recommendations. The Lists The lists are a categorization or classification used by FATF to deal with terrorist and its facilitators. The Grey List The countries listed on this list will be subjected to direct monitoring and intense scrutiny by the International Cooperation Review Group (ICRG) on terror financing. The listed country will be squeezed of its funds and its economy pressurized and make it harder to meet its mounting foreign financing needs, including potential future borrowings from International Monetary Fund (IMF). These countries will find it more difficult to tap funds from international bond markets as their credit-ratings will be downgraded by international banking and credit rating agencies. It will also suspend international funds and aid to grey listed countries. The Black list The FATF Black list is a list of “Non-Cooperative Countries or Territories” (NCCTs). It was issued in 2000. The list contains countries which FATF judges to be non-cooperative in the global fight against money laundering and terrorist financing. Read Also Mudra Yojana
New US Visa Order
New US Visa Order U.S. President Donald Trump has suspended foreign work visa. It includes the H-1B, H-2B, J, and L nonimmigrant visa programmes. The proclamation comes into effect from June 24. It will be effective until December 31, 2020. Trump said that the step was necessary to protect employment for Americans in the context of corona pandemic. H1-B Visa are non-immigrants visa that allows US companies to employ foreigners to work temporarily in specialised fields such as IT, finance, accounting, architecture, engineering, mathematics, science, medicine, etc. Any professional level job that usually requires you to have a bachelors degree or higher can come under the H-1B visa for specialty occupations. Applying for a non-immigrant visa is generally quicker than applying for a US Green Card, therefore the H-1B visa is popular for companies wishing to bring in staff for long-term assignment in the US. Read Also Secrecy of Ballot The move could have an economically debilitating impact on the Indian IT and Information Technology Enabled Service (ITeS) sectors. It does not have an impact on lawful permanent residents of the U.S. Or on foreign nationals who are spouses or child of an American citizen. Foreign nationals seeking to enter the U.S. to provide temporary labour or services essential to the food supply chain are also exempted. Various lawmakers, business organisations, human right activists have opposed this move. Read Also Social justice in health sector Enroll today with the best civils service academy and take your first step towards your Civils journey.Feel free to reach out to us for any inquiries, collaborations, or support. We’re here to help. contact us
Virtual EAG plenary meet
Virtual EAG plenary meet 32nd special Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) plenary meeting were conducted through video conferencing under the aegis of Financial Action Task Force (FATF). The EAG is a regional body comprising nine countries: India, Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan and Belarus. EAG is an associate member of the FATF. The global watchdog, which is actively monitoring the impact of the pandemic on measures to combat illicit financing, released a paper last month on “COVID-19 related Money Laundering and Terrorist Financing Risks and Policy Responses”. It observed an increase in the COVID-19 related crimes, including fraud, cyber-crime, misdirection or exploitation of government funds or international financial assistance. Enroll today with the best civils service academy and take your first step towards your Civils journey. Feel free to reach out to us for any inquiries, collaborations, or support. We’re here to help.. Contact us
BeiDou Navigation Satellite System
BeiDou Navigation Satellite System China successfully launched the last satellite of its BeiDou Navigation Satellite System (BDS). The satellite, the 55th in the family of BeiDou that means “Big Dipper” in Chinese, was successfully sent into space by a Long March-3B carrier rocket. The launch will mark the completion of the country’s domestically developed BeiDou network, one of the four global navigation networks alongside with the US’ GPS, Russia’s GLONASS and the European Union’s Galileo. India too is building its navigational system called the Indian Regional Navigation Satellite System (IRNSS), with an operational name of NAVIC. Navigation satellites system allow users to access high-accuracy navigation, positioning and timing as well as communication services. Read Also ISRO & Indian Space Technology Enroll today with the best civils service academy and take your first step towards your Civils journey.Feel free to reach out to us for any inquiries, collaborations, or support. We’re here to help. contact us
Virtual EAG plenary meet
Virtual EAG plenary meet 32nd special Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) plenary meeting were conducted through video conferencing under the aegis of Financial Action Task Force (FATF). The EAG is a regional body comprising nine countries: India, Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan and Belarus. EAG is an associate member of the FATF. The global watchdog, which is actively monitoring the impact of the pandemic on measures to combat illicit financing, released a paper last month on “COVID-19 related Money Laundering and Terrorist Financing Risks and Policy Responses”. It observed an increase in the COVID-19 related crimes, including fraud, cyber-crime, misdirection or exploitation of government funds or international financial assistance.
