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1. Cabinet Approves Rs 8,000 Crore For Rural LPG Under PMUY Scheme

lpg_exambeat.com i. The Cabinet headed by Prime Minister Narendra Modi has approved Pradhan Mantri Ujwala Yojana with an outlay of Rs 8,000 crore for three years, Oil Minister Dharmendra Pradhan told on Thursday. 

ii. Under the scheme, the government will spend Rs 8000 crore to provide LPG connections to rural households. On Wednesday, the government said that over 80 lakh people have voluntarily given up LPG subsidy.

iii. Minister of State for Petroleum and Natural Gas, Dharmendra Pradhan told the Rajya Sabha that as part of 'GiveItUp' campaign that the ministry initiated, around 53 lakh giving up in the past six

 


1. Paytm gets ready for first Payment Bank

paytm_exambeat.com i. The country’s largest mobile wallet provider Paytm has got into a strategic tie-up with Florida-based global provider dedicated to banking and payments technologies FIS Global.

ii. The deal size would be worth close to Rs 150 crore over a period of five years.

iii. FIS, a Fortune 500 company, would help Paytm with core banking system.

iv. Paytm payments bank would set up nearly 20 signature branches. In addition, there will be 200 smaller store-like branches and at least 1,000 agents

2. Mumbai to host BRICS Friendship Cities Conclave in Apri

 


1. International Women's Day observed with campaign theme "PledgeForParity"

woman day_exambeat.com i. 8 March: International Women's Day (IWD) , International Women's Day was observed across the world on 8 March 2016.

ii. This year's theme for the Day is “Planet 50-50 by 2030: Step It Up for Gender Equality”. The campaign theme for the day is #PledgeForParity.

iii. United Nations observance and the idea of this theme reflect on how to accelerate the 2030 Agenda, building momentum for the effective implementation of the new Sustainable Development Goals.

iv. The theme will also focus on new commitments under UN Women’s S

 


1. Gyan Sangam: 3rd Phase of Bank Reforms to Focus on Bad Loan

gyan sangam_exambeat.comi. With mounting bad loans, the second edition of the Finance Ministry’s brain storming session with public sector banks focused on management of non-performing assets and consolidation in the sector.

ii. The two-day Gyan Sangam — an annual retreat of chiefs of public sector financial institutions, officials from the Finance Ministry and the Reserve Bank of India — recently held on March 4 and 5 in Gurgaon.

iii. The last year retreat was held for the first time in pune.

iv. The agenda would include- Restructuring and mergers and acquisitions of banks, NPA management and recovery, Techn

 


1.  Raisina Dialogue 2016 kicks off at New Delhi

new delhi_exambeat.comi. The first Raisina-Dialogue 2016, a flagship conference on Geopolitics and Geo-economics began in New Delhi.

ii. The three day conference is joint initiative of Union Ministry of External Affairs (MEA) and Observer Research Foundation (ORF), an independent think tank based in India.

 

Key facts

   >. The theme of Raisina-Dialogue 2016 is “Asia: Regional and Global Connectivity”.
   >. It will enable the MEA to reach out to a w