₹1 lakh assistance provided to 178 Civil Services aspirants from Telangana preparing for UPSC Mains exam 2025
On Monday (August 11, 2025), 178 aspirants were handed over the cheques at a programme held in Hyderabad. Government run Singareni Collieries Coal Limited (SCCL) provided the assistance, from its Corporate Social Responsibility (CSR) fund.
Besides this, Deputy Chief Minister Mallu Bhatti Vikramarka said that candidates who clear the Mains exam and prepare for the Interview round too would be provided with ₹1 lakh assistance.
The scheme was launched in 2024. Of the 140 people provided with the assistance last year, 10 were selected for All India Services (AIS). They were honoured on the occasion.
Backward Classes (BC) Welfare Minister Ponnam Prabhakar, Roads and Buildings Minister Komatireddy Venkat Reddy, SCCL chairman and managing director N. Balram and others were present on the occasion.
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The Hindu
13 hours ago
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₹1 lakh assistance provided to 178 Civil Services aspirants from Telangana preparing for UPSC Mains exam 2025
Aspirants from Telangana who cleared Civil Services Examination (Preliminary) 2025 held by Union Public Service Commission (UPSC) and preparing for the Main examination, were provided with ₹1 lakh financial assistance under Rajiv Gandhi Civils Abhaya Hastham launched by the State government. On Monday (August 11, 2025), 178 aspirants were handed over the cheques at a programme held in Hyderabad. Government run Singareni Collieries Coal Limited (SCCL) provided the assistance, from its Corporate Social Responsibility (CSR) fund. Besides this, Deputy Chief Minister Mallu Bhatti Vikramarka said that candidates who clear the Mains exam and prepare for the Interview round too would be provided with ₹1 lakh assistance. The scheme was launched in 2024. Of the 140 people provided with the assistance last year, 10 were selected for All India Services (AIS). They were honoured on the occasion. Backward Classes (BC) Welfare Minister Ponnam Prabhakar, Roads and Buildings Minister Komatireddy Venkat Reddy, SCCL chairman and managing director N. Balram and others were present on the occasion.
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In sharp contrast, China, which is the main economic threat to the US, is expected to slow down only marginally and still manage to grow at a respectable rate of 4.8% for an economy with an annual GDP of over $19 trillion. 3. India continues to be a bright spot in the global economy. It is expected to grow 6.4% in 2025. While this rate is substantially slower than 2023, the fact is that by growing at over 6% in a world where competing economies are struggling to grow even at one-third that rate, India is fast bridging the gap and ensuring that it overtakes one developed economy after another, at least in terms of total GDP. 1. Set up in 1945 , the IMF works to achieve sustainable growth and prosperity for all of its 191 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being. 2. It has three critical missions: (i) Furthering international monetary cooperation, (ii) Encouraging the expansion of trade and economic growth, and (iii) Discouraging policies that would harm prosperity. 3. According to official website of IMF, 'Unlike development banks, the IMF does not lend for specific projects. Instead, the IMF provides financial support to countries hit by crises to create breathing room as they implement policies that restore economic stability and growth. It also provides precautionary financing to help prevent crises.' 4. Board of Governors is the highest decision-making body of the IMF. It normally meets once a year. It consists of one governor and one alternate governor for each member country. The governor is appointed by the member country and is usually the minister of finance or the governor of the central bank. 5. All powers of the IMF are vested in the Board of Governors. 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It can be executed in the form of loans, cash, bonds, or stock purchases. Released by the IMF, the Global Financial Stability Report provides an assessment of the global financial system and markets and addresses emerging market financing in a global context. It focuses on current market conditions, highlighting systemic issues that could pose a risk to financial stability and sustained market access by emerging market borrowers. It draws out the financial ramifications of economic imbalances highlighted by the IMF's World Economic Outlook. (1) 'Rapid Financing Instrument' and 'Rapid Credit Facility' are related to the provisions of lending by which one of the following? (UPSC CSE 2022) (a) Asian Development Bank (b) International Monetary Fund (c) United Nations Environment Programme Finance Initiative (d) World Bank (2) 'Global Financial Stability Report' is prepared by the (UPSC CSE 2016) (a) European Central Bank (b) International Monetary Fund (c) International Bank for Reconstruction and Development (d) Organization for Economic Cooperation and Development (Sources: ExplainSpeaking: Key takeaways from IMF's latest World Economic Outlook on India, the US, and the world, Knowledge Nugget: Why IMF, its Bailouts, and Extended Fund Facility (EFF) should be in focus for your UPSC Exam) Subscribe to our UPSC newsletter. Stay updated with the latest UPSC articles by joining our Telegram channel – Indian Express UPSC Hub, and follow us on Instagram and X. 🚨 Click Here to read the UPSC Essentials magazine for July 2025. Share your views and suggestions in the comment box or at Roshni Yadav is a Deputy Copy Editor with The Indian Express. She is an alumna of the University of Delhi and Jawaharlal Nehru University, where she pursued her graduation and post-graduation in Political Science. She has over five years of work experience in ed-tech and media. At The Indian Express, she writes for the UPSC section. Her interests lie in national and international affairs, governance, economy, and social issues. You can contact her via email: ... Read More
