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Indian railway creates history Indian Railways has created history as its 88 coach freight train Annapurna carrying foodgrains covered 1,634 kilometres in less than 50 hours. Eighty-eight coach Annapurna Freight Train travelled from Dhandharikalan in Punjab to New Jalpaiguri in West Bengal in 49 hours 50 minutes. The distance of 1,634 kilometres used to take 96 to 100 hours. The freight train has promptly transported food to ten needy states. This is for the first time Railways has transporte

Government dismiss false news alarm that UPSC exams have been cancelled due to COVID -19

Government dismiss false news alarm that UPSC exams have been cancelled due to COVID -19 Union Government has dismissed false reports in a regional news channel that examinations held by UPSC have been cancelled in the wake of COVID-19. In a tweet, Press Information Bureau clarified that the claim is false. It said, any rescheduling of the UPSC examination if necessary, will be notified on the Commission's website Watch this for UPSC PT 2020: https://www.youtube.com/watch?v=wfd6v9PS

Pool testing of corona virus

Pool testing of coronavirus Uttar Pradesh has become the first state in the country to start pool testing of coronavirus samples. The move is aimed at speeding up the screening process and also bringing down the cost of testing samples. The state health department has also decided to carry out an audit of any death in the state due to COVID-19. The death audit will help in providing better treatment to other COVID-19 patients. The Pool testing of corona samples started yesterday and 150 sampl

18 April, 2020
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Ways and Means Advances (WMA)

Ways and Means Advances (WMA) The WMA are short-term loan facilities which allow the Centre and states to borrow funds from the RBI to bridge their temporary mismatch between expenditure and receipts. The interest rate on WMA is the RBI’s repo rate. The Repo rate is basically the rate at which RBI lends short-term money to banks. The WMA loans have a three-month tenure. States are allowed an overdraft facility (to borrow in excess of the WMA limit) of 21 days.

Special Drawing Rights: IMF

Special Drawing Rights: IMF Recently, the Finance Minister of India opposed a general allocation of new Special Drawing Rights (SDR) by the International Monetary Fund (IMF) because it might not be effective in easing Covid-19-driven financial pressures. The Finance Minister was concerned that such a major liquidity injection could produce potentially costly side-effects if countries used the funds for irrelevant purposes. The new SDR allocation will