Introduction to FRR2.0The government is designing FRR2.0 (Framework for Revival and Rehabilitation 2.0) to streamline loan restructuring for distressed Micro, Small, and Medium Enterprises (MSMEs). This framework aims to simplify processes and provide targeted relief measures for financially strained businesses. Key Features of FRR2.0 Simplified Loan Restructuring Enhanced Relief Measures Scope of Framework Importance of MSMEs in the Indian Economy Existing Government Initiatives 2015 Revival Framework Subordinate Debt Scheme Proposed Impact of FRR2.0 Strengthened MSME Sector Employment Protection Revitalized Economic Fabric Economic conditions and of MSMEs
Commercial Paper (CP) and Certificate of Deposit (CD)
Context: CD rates declined by 20-30 bps and currently, are between 7.40% – 7.51%. This was compared to 7.10% – 7.20% in December. Liquidity Crisis Impact on Borrowers Possible Moves by RBI Commercial Paper (CP) Certificate of Deposit (CD) Key Differences between CP & CD Aspect Commercial Paper (CP) Certificate of Deposit (CD) Issuer Corporations, financial institutions. Banks and financial institutions. Security Unsecured. Secured against bank’s deposit base. Purpose Short-term funding for operations. Resource mobilization for banks. Risk Level Higher, depends on issuer’s credit. Lower, backed by bank’s credibility. Market Participants Corporates, mutual funds, investors. Retail investors, institutions. Interest Rate Higher than CDs; market-driven. Comparatively lower; fixed.
Bima Sugam
It’s an online portal wherein the customers can choose any of the plans given by numerous companies as most appropriate. It is developed by IRDAI.
National Mission for Sustainable Agriculture (NMSA)
The National Mission for Sustainable Agriculture (NMSA) is the program that aims for making agriculture more sustainable, productive, and climate resilient. It was approved by the Prime Minister’s Council on Climate Change in the year 2010 and came into operation in the year 2014-15. It is under The Ministry of Agriculture. Objectives Major Programmes of NMSA Rainfed Area Development (RAD) On-Farm Water Management (OFWM) Soil Health Management Climate Change and Sustainable Agriculture: Monitoring, Modeling and Networking (CCSAMMN): NMSA Stratergies
India’s Mega Defence Deals
Context: India is to sign four mega defence deals worth over Rs 1.5 lakh crore before the fiscal ends on March 31.
Hindustan Aeronautics Limited (HAL)
Hindustan Aeronautics Limited (HAL) is an Indian public sector aerospace and defense company headquartered in Bengaluru, Karnataka. HAL was established on 23 December 1940 and is one of the oldest and largest aerospace and defense manufacturers in the world. Aircraft manufacturing started in HAL as early as 1942.
Aero India 2025
Aero India 2025 will include air shows, a large exhibition area, and events such as the Defence Ministers’ Conclave and a start-up programme. The theme for the event is “The Runway to a Billion Opportunities,” with the first three days reserved for business and the last two open to the public.
Combat Air Teaming System (CATS)
Context: Ahead of Aero India 2025, which is scheduled to be held next month, Hindustan Aeronautics Ltd. (HAL) achieved a significant milestone by conducting the engine ground run of a full-scale demonstrator Combat Air Teaming System (CATS). Combat Air Teaming System (CATS) The HAL Combat Air Teaming System (CATS) is an Indian air teaming system with a manned fighter aircraft as the “mothership” and a set of swarming UAVs and UCAVs. It is under development by Hindustan Aeronautics Ltd. (HAL), National Aerospace Laboratories, Defence Research and Development Organisation, and Newspace Research & Technologies. Objectives: Key Components: Applications Aero India 2025 Aero India 2025 will include air shows, a large exhibition area, and events such as the Defence Ministers’ Conclave and a start-up programme. The theme for the event is “The Runway to a Billion Opportunities,” with the first three days reserved for business and the last two open to the public. Hindustan Aeronautics Limited (HAL) Hindustan Aeronautics Limited (HAL) is an Indian public sector aerospace and defense company headquartered in Bengaluru, Karnataka. HAL was established on 23 December 1940 and is one of the oldest and largest aerospace and defense manufacturers in the world. Aircraft manufacturing started in HAL as early as 1942.
De-Notified, Nomadic and Semi-Nomadic Tribes of India
Commitee and Commissions on DNTs, NT and SNTs Initiatives for DNT
SEED Scheme
Why in News? Denotified tribes (DNT), semi-nomadic tribes (SNT), and nomadic tribes (NT) are protesting against the Centre’s SEED scheme for rejection of caste certificates in 29 states, and the Idate Commission’s report of 2017. The Scheme for Economic Empowerment of DNTs (SEED) The Scheme for Economic Empowerment of DNTs (SEED) is a program of the Department of Social Justice and Empowerment, Government of India, to assist in the development and welfare of Denotified Tribes (DNT), Nomadic Tribes (NT), and Semi-Nomadic Tribes (SNT): De-Notified, Nomadic and Semi-Nomadic Tribes of India Commitee and Commissions on DNTs, NT and SNTs Initiatives for DNT UPSC Civil Services Examination, Previous Year Question (PYQ) Q. Under the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006, who shall be the authority to initiate the process for determining the nature and extent of individual or community forest rights or both? (2013) (a) State Forest Department (b) District Collector/Deputy Commissioner (c) Tahsildar/Block Development Officer/Mandal Revenue Officer (d) Gram Sabha Ans: (d) Prelims Q. Under which Schedule of the Constitution of India can the transfer of tribal land to private parties for mining be declared null and void? (2019) (a) Third Schedule(b) Fifth Schedule(c) Ninth Schedule(d) Twelfth Schedule Ans: (b) Odisha Particularly Vulnerable Tribal Groups (PVTGs) Empowerment and Livelihood Improvement Programme (OPELIP-II)
