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The Monetary Policy Committee (MPC) has introduced that the repo charge below the liquidity adjustment facility (LAF) will keep staying at 4.0% at some stage in its assembly hung on December 8, 2021. MPC has determined to preserve the opposite repo charge unchanged at 3.35%. The bank rate and the marginal status facility (MSF) charge keep staying at 4.25%. What is Repo Rate? Repo charge is the critical financial institution of India, i.e. Reserve Bank of India (RBI), which borrows cash from the industrial banks. In case of an economic crisis, the industrial banks can lend cash from the RBI and the charge at which the cash is furnished is known as the repo charge. Repo charge is utilized by the critical financial institution to govern the cash delivery withinside the marketpla...

Giving information on Wednesday, the Ministry of Health and Family Welfare said that after giving vaccine doses to more than 76 lakh people in the last 24 hours in the country, India's total covid vaccination coverage has crossed 158.88 crores on Wednesday. The ministry said in a statement that with the delivery of 76 lakh 35 thousand 229 covid vaccine doses in the last 24 hours, India's total covid vaccination coverage has reached 158 crores 88 lakh 47 thousand 554 as reported till 7 am today. The ministry further informed that this milestone has been achieved through 1 crore, 70 lakh, 80 thousand 295 sessions in the country. Vaccination campaign completes one year in the country Along with this, the Ministry of Health further informed that more than 56 lakh precautionary dose...

The Union ministry of external affairs has plans to introduce a microchip-based digital passport and add new services and facilities. The Centre will be implementing the project soon. What Is An E-Passport? This is a next-generation passport for Indian citizens. It will have a micro-chip engraved in it comprising all the personal details saved in a biometric form. The e-passport will provide increased confidentiality along with enhanced practicality of use. It can be read in all the security offices through an electronic system. Regular Passport vs E-passport The government of India issues passports in a booklet form. Almost all countries have machine-readable passports. When travellers produce them in front of the authority, the machine reads all the necessary details require...

General Bipin Rawat, India’s first-ever Chief of Defence Staff, has died in a helicopter crash in Coonoor, Tamil Nadu. He was travelling with his wife and 11 others to Wellington, Tamil Nadu. The Russian-made military chopper, Mi-17V5, was heading for Wellington. The IAF said, “Gen Bipin Rawat, Chief of Defence Staff (CDS) was on a visit to Defence Services Staff College, Wellington (Nilgiri Hills) to address the faculty and student officers of the Staff Course today,”. The last rites of Gen Rawat are to be held in New Delhi. IAF chopper carrying Gen Rawat crashed in Tamil Nadu Gen Rawat was appointed as the Chief of Defence Staff in January 2019. This was the first time the post of CDS was being introduced. It was done to bring together the three defence forces of the nation, the A...