Brown to Green Report 2019

The 2019 Brown to Green Report has been published by the Climate Transparency partnership, an international research collaboration.

The report is the most comprehensive review of G20 countries’ climate performance, mapping achievements and drawbacks in their efforts to reduce emissions, adapt to climate impacts and green the financial system. Continue reading “Brown to Green Report 2019”

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

Ministry of Finance

It is a Pension Scheme exclusively for the senior citizens aged 60 years and above.

The Scheme can be purchased offline as well as online through Life Insurance Corporation (LIC) of India which has been given the sole privilege to operate this Scheme. Continue reading “Pradhan Mantri Vaya Vandana Yojana (PMVVY)”

Security Transaction Tax (STT)

  • Security Transaction Tax (STT) was first introduced in the Union Budget 2004.
  • The idea of STT was born after it was found that there were cases of capital gains taxes evasion through real and fictitious losses. Thus, STT came into being as a way of realizing the actual potential of taxing the stock markets. So, while long-term capital gains (LTCG) tax was exempted, STT was introduced to make sure there was no tax evasion. And then, LTCG too made a comeback in 2019.

Continue reading “Security Transaction Tax (STT)”

Key highlights of the Financial Stability Report(DEC 2019)

  • Scheduled commercial banks’ credit growth remained subdued at 8.7 per cent year-on-year (YoY) in September 2019.
  • Banks’ capital adequacy ratio improved significantly after the recapitalisation of public sector banks (PSBs) by the government.

Continue reading “Key highlights of the Financial Stability Report(DEC 2019)”

Atal Bhujal Yojana

Ministry of Jal Shakti

  • Central Sector Scheme with a total outlay of Rs.6000 crore to be implemented over 5 years (2020-21 to 2024-25).
  • The scheme aims to improve groundwater management through community participation in identified priority areas in seven States, viz. Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh.
  • Implementation of the scheme is expected to benefit nearly 8350 Gram Panchayats in 78 districts in these States.
  • ATAL JAL will promote panchayat led groundwater management and behavioural change with a primary focus on demand-side management
  • Out of the total outlay of Rs. 6000 crore, 50% shall be in the form of World Bank loan, and be repaid by the Central Government. The remaining 50% shall be through Central Assistance from regular budgetary support. The entire World Bank’s loan component and Central Assistance shall be passed on to the States as Grants.

Continue reading “Atal Bhujal Yojana”