Current Affairs -2021 CURRENT AFFAIRS PART - II Contents ECONOMY IL & FS crisis ............................................................................................................................... 8 Insolvency & Bankrupcy code .................................................................................................... 10 Long term Repo Operations ........................................................................................................ 13 EBLR ......................................................................................................................................... 16 Regulatory Sandbox ................................................................................................................... 17 Off Budget Borrowings ............................................................................................................... 19 Recapitalisation for RRB‘s .......................................................................................................... 22 RBI‘s COVID-19 Economic Relief Package .................................................................................. 24 Companies Fresh Start Scheme 2020 ......................................................................................... 25 Counter cyclical capital buffer (CCyB) for banks ........................................................................ 26 MONEY ...................................................................................................................................... 28 EUROZONE CORONA BOND ...................................................................................................... 28 RBI SETS UP WING FOR BANKING FRAUD OVERSIGHT ........................................................... 29 Ways and Means Advances (WMA) ............................................................................................. 30 Emergency Credit Line Guarantee Scheme (ECLGS), Prime Minister‘s Employment Generation Programme (PMEGP) and Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE). ................................................................................................................................. 31 Rights issue ............................................................................................................................... 34 RBI‘S DEBT RESOLUTION NORMS ............................................................................................ 35 Reserve Bank of India (RBI) has proposed stringent norms for housing finance companies ........ 36 Adjusted Gross Revenue(AGR) issue ........................................................................................... 38 IBC ORDINANCE ........................................................................................................................ 39 Urban, multi-State cooperative banks to come under RBI supervision ....................................... 40 What are pre-packs under the present insolvency regime? ......................................................... 42 What is this Currency Swap Arrangement (CSA)? ....................................................................... 43 National Financial Reporting Authority (NFRA). .......................................................................... 44 Bilateral Trade and Investment Agreement (BTIA) ...................................................................... 45 Equalisation levy on foreign e-com firms. ................................................................................... 46 Financial and technological commitments under UNFCCC and Paris agreement. ....................... 48 1 | @ Sivarajavel IAS Academy www.sivarajavelias.com Current Affairs -2021 Special Liquidity Scheme for NBFCs and HFCs. ......................................................................... 50 non-banking financial companies- microfinance institutions (NBFC-MFIs) ................................. 52 RBI Data Localisation Norms ..................................................................................................... 53 India, asean to expand trade despite rcep walkout. .................................................................... 55 Fifteenth Finance Commission ................................................................................................... 57 Govt. Rolls out Rs.1.19 lakh crore stimulus ............................................................................... 59 Production-Linked Incentive (PLI) Scheme .................................................................................. 60 What is the production linked incentive scheme for electronics manufacturers? ........................ 61 Generalized System of Preferences (GSP) Trade Privilege ............................................................ 62 Advisory Committee on Administrative and Budgetary Questions (ACABQ). ............................... 65 Beware of illegal digital lending apps: RBI .................................................................................. 65 Government exploring setting up bad bank, all other options ..................................................... 66 Economy firmly on the path of a V-shaped recovery, says govt ................................................... 67 Businesses with monthly turnover of over ₹50 lakh to pay at least 1% GST liability in cash....... 69 What are Zero coupon bonds? .................................................................................................... 70 What is asset under management (aum)? ................................................................................... 70 1.5-times formula for crops‘ MSP ............................................................................................... 71 Financial Action Task Force (FATF) ............................................................................................ 72 Limited liability partnership ....................................................................................................... 73 Balance Sheet of a Bad bank. ..................................................................................................... 74 RBI formed a working group on digital lending ........................................................................... 75 National infrastructure pipeline. ................................................................................................ 76 Economic Impact due to Internet shutdowns over double of 20 others. ...................................... 76 Faceless tax scheme. .................................................................................................................. 78 2 | @ Sivarajavel IAS Academy www.sivarajavelias.com Current Affairs -2021 GOVERNMENT SCHEMES Garib Kalyan Rojgar Abhiyaan ................................................................................................... 80 SWADES initiative ...................................................................................................................... 80 Vande Bharat mission ................................................................................................................ 80 Pradhan Mantri Vaya Vandana Yojana ....................................................................................... 81 PM SVANidhi scheme portal ....................................................................................................... 81 SATYABHAMA Portal .................................................................................................................. 82 NGO-DARPAN ............................................................................................................................ 82 PM Garib Kalyan Anna Yojana ................................................................................................... 82 Pradhan Mantri Matsya Sampada Yojana (PMMSY) .................................................................... 83 E-Gopala App ............................................................................................................................. 83 Aatmanirbhar Bharat ARISE-Atal New India Challenge .............................................................. 83 Atal Innovation Mission (AIM) ..................................................................................................... 84 Emergency Credit Line Guarantee Scheme (ECLGS) ................................................................... 84 Pradhan Mantri Formalisation of Micro food processing Enterprises (PM-FME) Scheme ............ 84 National Beekeeping & Honey Mission (NBHM) .......................................................................... 85 PM AtmaNirbhar Swasth Bharat Yojana ..................................................................................... 85 Atmanirbhar Bharat Rojgar Yojana ............................................................................................ 85 Sahakar Pragya .......................................................................................................................... 86 Sahakar Mitra Scheme ............................................................................................................... 86 Jal Jeevan Mission (JJM) ........................................................................................................... 87 Mobile Application for Geo Tagging launched by Ministry of Jal Shakti ...................................... 87 Pilot Pey Jal Survekshan launched............................................................................................