daily-news-prescription-26-november-2020

GS1: Culture

GS2: Polity

GS2: Governance

  • PM chairs 33rd PRAGATI interaction (PIB) Prime Minister Shri Narendra Modi chaired the PRAGATI meeting today. It marked Prime Minister’s thirty-third interaction through PRAGATI - the ICT based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Central and State governments.

GS2: Social issues

GS3: Economy

  • "Govt. allots ₹2,000cr. for infra funding (TH) The Cabinet on Wednesday approved the infusion of ₹6,000 crore as equity into a new debt platform to raise up to ₹1.1 lakh crore for financing infrastructure.
  • Financing Platform comprising Aseem Infrastructure Finance Limited and NIIF Infrastructure Finance Limited (PIB)  The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has given its approval to the proposal for equity infusion by Government of Rs 6000 crores in NIIF Debt Platform sponsored by National Investment and Infrastructure Fund (NIIF), comprising of Aseem Infrastructure Finance Limited (AIFL) and NIIF Infrastructure Finance Limited (NIIF-IFL)
  • Cabinet approves Scheme of Amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited (PIB) The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has given its approval to the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL). On 17.11.2020, to protect depositors' interest and in the interest of financial and banking stability, on RBI's application under section 45 of the Banking Regulation Act, 1949, LVB had been under moratorium for a period of 30 days. In parallel, RBI, in consultation with Government, superseded the Board of Directors of LVB and appointed an Administrator to protect the depositors' interest.

GS3: Science and Technology