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Deposit Insurance and Credit Guarantee Corporation (Amendment) Act, 2021
👉Introduced interim payments - interim payment will now be made by DICGC to depositors f those banks for whom any restrictions/moratorium have been imposed by RBI under the Banking Regulation Act resulting in restrictions on depositors from accessing their own savings.
👉Timeline for interim payments - clear cut timeline of maximum of 90 days has been fixed for providing interim payment to depositors
👉 Repayment by banks to DICGC -
✅Deferment of repayment : DICGC may defer repayments due to it from an insured bank after insurance pay out, on terms decided by DICGC's Board.
✅Timeline repayment by the bank to DICGC - to establish the priority of repayment to DICGC (both interest & principal amount)
✅No ceiling on premium - The earlier act had a ceiling of 15 paise on premium, which has been removed. Now, the ceiling on premium will be notified by DICGC, with approval of RBI.
Q.1544) Consider the following statements about G-20.
1. Tha main focus of G-20 is on political governance.
2. India has never hosted the presidency for G-20 till now.
3. The G-20 is a formal and legal group with representatives from IMF and WB.
Q.1344) Consider the following statements about G-20.
1. Tha main focus of G-20 is on political governance.
2. India has never hosted the presidency for G-20 till now.
3. The G-20 is a formal and legal group with representatives from IMF and WB.
Q.1543) Consider the following statements.
1. He didnot believe in the drain theory of Dadabhai Naoroji.
2. He respected all religions and spoke against the religious fanaticism and bigotry.
3. He attacked the system of 'piri and muridi' in which the pirs claimed to be followers of the Sufi school and passed on mystic words to their murids (disciples).
Q.1542) With reference to modern history events, the "Outram's Report" was related to which is the following ?
Q.1541) Which of the following have coral reefs ?
1. Andaman & Nicobar islands
2. Gulf of Kutch
3. Gulf of Mannar
4. Sunderbans
UPSC Essentials: The weekly news express | UPSC Current Affairs News,The Indian Express
https://indianexpress.com/article/upsc-current-affairs/upsc-essentials/upsc-essentials-the-weekly-news-express-7917304/
UPSC Essentials: Quotes of the week | UPSC Current Affairs News,The Indian Express
https://indianexpress.com/article/upsc-current-affairs/upsc-essentials/upsc-essentials-quotes-of-the-week-7917299/
Q.1540) Which of the following is the correct sequence of ecosystems in the order of decreasing productivity ?
Q.1539) Which of the following is/are correct regarding the INA trials upsurges ?
1. The three upsurges shared a similar pattern
2. Gandhiji persuaded the INA ratings to surrender
3. The upsurge over INA trials ended in communal riots
Brush up : Revision ( MCQs) 👇
✅Director General of Trade Remedies ( DGTR)
✅ DGTR - 2 nd MCQ
✅ First sedition case
✅ Proto - historic period
Brush up : Revision 👇
🔶 Padma Awards and consequent debate
✔️Hindi name "Lok Sabha" of the House of the People 👆
🔴 The High Ambition Coalition (HAC) for Nature and People is an intergovernmental group of over 90 countries co-chaired by Costa Rica and France and by the United Kingdom as Ocean co-chair, championing a global deal for nature and people with the central goal of protecting at least 30 percent of world’s land and ocean by 2030.
The 30x30 target is a global target which aims to halt the accelerating loss of species, and protect vital ecosystems that are the source of our economic security.
