General Awareness Questions

Bank of Baroda has signed a Memorandum of Understanding (MoU) with POORTI (Platform for Online Ordering & Rural Transformation of India) Agri Services Pvt. Ltd to enable farmers to purchase agricultural inputs like fertilizers, pesticides, seeds etc.POORTI provides a multi-party mobile commerce platform in vernacular for easy ordering of fertilizers, pesticides, seeds (beyond a given value) by farmers with loans given by various banks.

Saakshar    Bharat    scheme    was launched  on  8th  September  2009 during  the  11th  Five  Year  Plan, with an aim to raise literacy rate to 80%, to bridge gender gap to 10% .The   scheme   is   anchored   with Panchayati   Raj   Institutions   and Local  Self-government  to  decrease regional  and  social  disparities  and to   focus   on   women,   SCs,   STs, minorities and other disadvantaged  groups.  It  focused mainly  on  adult  education,  with emphasis  on  non-literates  in  the age group of 15-36 years.

LRS stands for - Liberalised Remittance Scheme.
LRS is a facility provided by the Reserve Bank of India for all resident individuals to freely remit certain amount in terms of US dollar every financial year for a permissible set of current or capital account transactions.
Note:
* In April 2018, the Reserve Bank of India (RBI) has tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which individual can transfer up to US $2,50,000 abroad in a year.

* The purpose of tightening of norms is to improve monitoring and to ensure compliance with LRS limits.
* The scheme was introduced in February 2004 and its regulations are provided under Foreign Exchange Management Act (FEMA), 1999.