The Government of India and Reserve Bank of India signed a Monetary Policy
Framework Agreement on 20th February, 2015. The objective of monetary policy
framework is to primarily maintain price stability, while keeping in mind the
objective of growth. As per the agreement, RBI would set the policy interest
rates and would aim to bring inflation below 6 per cent by January 2016 and
within 4 per cent with a band of (+/-) 2 per cent for 2016-17 and all subsequent
years. The proposed reduction in fiscal deficit to 3.9 per cent of GDP in Budget
Estimates 2015-16 is designed with a mix of reduction in total expenditure as
percentage of GDP and improvement in gross tax revenue as percentage of GDP.
Disaster Management support Programme - ISRO
India has been traditionally vulnerable to natural disasters on account of its geo-climatic conditions. Floods, droughts, cyclones, earthquakes and landslides have been recurrent phenomena. About 60% of the landmass is prone to earthquakes of various intensities; over 40 million hectares is prone to floods; close to 5,700 km long coastline out of the 7,516 km, is prone to cyclones; about 68% of the cultivable area is susceptible to drought. The Andaman & Nicobar Islands, the East and part of West coast are vulnerable to Tsunami. The deciduous/ dry-deciduous forests in different parts of the country experience forest fires. The Himalayan region and the Western Ghats are prone to landslides. Satellite images showing the damages at Kedarnath village caused by the flash floods in June 2013 Under the DMS programme, the services emanating from aerospace infrastructure, set up by ISRO, are op...
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