SFBs to Offer UPI-Based Credit Lines: The Reserve Bank of India (RBI) has decided to permit Small Finance Banks (SFBs) to extend pre-sanctioned credit (loan) lines through the Unified Payments Interface (UPI).It aims to deepen financial inclusion and enhance formal credit, particularly for ‘new to credit’ customers.
Day: December 13, 2024
Ghost Guns and 3D Printing
Ghost Guns and 3D Printing: Ghost guns are untraceable firearms assembled at home, often using kits or 3D-printed parts.These weapons lack serial numbers, making them difficult for law enforcement to track.Printing Enable Ghost Guns: In the context of firearms, 3D printers can produce components like receivers, barrels, or grips using materials such as plastic or […]
RBI vs Centre
RBI vs Centre: The RBI-government relationship has often seen conflicts over autonomy and policy. As Shaktikanta Das’ tenure as RBI Governor ends, disputes over monetary policy echo past tensions.The tenure of Reserve Bank of India (RBI) Governor Shaktikanta Das concluded in December 2024, characterized by some friction with the government towards the end of his […]
Subramania Bharati
Subramania Bharati: Prime Minister released the complete works of the eminent Tamil poet and freedom fighter Subramania Bharati.Subramania Bharati Born on December 11, 1882. Location: Ettayapuram, Tamil Nadu.
Directorate of Revenue Intelligence
Directorate of Revenue Intelligence: The Smuggling in India Report 2023-24 by the Directorate of Revenue Intelligence (DRI) sheds light on evolving narcotics smuggling routes and the major drug hubs impacting India.Major Narcotics Hubs:The Death Crescent (Afghanistan, Iran, Pakistan) as a primary heroin source. The Death Triangle (Myanmar, Laos, Thailand) for synthetic drugs and heroin, affecting […]
Ang Lee to Receive DGA Lifetime Achievement Award
Ang Lee to Receive DGA Lifetime Achievement Award: Ang Lee, the celebrated Taiwanese American filmmaker, has been named the recipient of the Directors Guild of America (DGA) 2025 Lifetime Achievement Award. This prestigious honor recognizes Lee’s remarkable contributions to cinema, spanning over three decades. Known for his versatility and innovative storytelling, Lee’s work cuts across […]
Dommaraju Gukesh’s rise to becoming the youngest chess world champion
Dommaraju Gukesh’s rise to becoming the youngest chess world champion: Gukesh Shatters Records to Become Youngest World ChampionAt the age of 18, Gukesh defeated reigning champion Ding Liren in a grueling three-week-long contest in Singapore, surpassing Garry Kasparov’s record as the youngest chess world champion in history
Coca-Cola has sold a 40% stake in Hindustan Coca-Cola Holdings (HCCH) to Jubilant Bhartia Group
Coca-Cola has sold a 40% stake in Hindustan Coca-Cola Holdings (HCCH) to Jubilant Bhartia Group: Coca-Cola has announced a strategic partnership with Jubilant Bhartia Group, selling a 40% stake in Hindustan Coca-Cola Holdings (HCCH) for ₹12,500 crore. This move is in line with Coca-Cola’s global refranchising strategy and strengthens its presence in India, its fifth-largest […]
Arunachal CM Launches New Logo for Eaglenest Bird Festival
Arunachal CM Launches New Logo for Eaglenest Bird Festival: The 4th edition of the Eaglenest Bird Festival, a celebrated event in Arunachal Pradesh, is set to be held from January 17 to 19, 2025, at Khellong and Thongre village in West Kameng District. Arunachal Pradesh Chief Minister, Pema Khandu, unveiled the new logo for the […]
The Asian Development Bank (ADB) has revised India’s GDP growth forecast
The Asian Development Bank (ADB) has revised India’s GDP growth forecast: The Asian Development Bank (ADB) has downgraded India’s GDP growth forecast for FY25 to 6.5% from 7% and for FY26 to 7% from 7.2%, citing weaker-than-expected industrial output, subdued public capital spending, and tight monetary policies.The slowdown in Q2FY25, where GDP growth fell to […]
