Asian Development Bank : In News The Government of India and the Asian Development Bank (ADB) signed two crucial loans aimed at strengthening India’s infrastructure and supporting sustainable growth.The USD 500 million loan aims to finance green and sustainable infrastructure projects aligned with India’s climate commitments, particularly focusing on connectivity, energy transition, and under-resourced sectors […]
Day: December 31, 2024
Trends and Progress of Banking in India 2023-24
Trends and Progress of Banking in India 2023-24: The Reserve Bank of India (RBI) has raised alarms over the increasing reliance on unsecured lending and private credit, calling for enhanced vigilance in its annual Trends and Progress of Banking in India 2023-24 report.GNPAs reached a 13-year low of 2.7% in March 2024, further dropping to […]
Conjugal Visits in Prisons
Conjugal Visits in Prisons: The Delhi Government is reconsidering a proposal to allow conjugal visits for prisoners.Conjugal Visits is a private family visit where inmates spend time, including intimate moments, with their legal spouses within the prison. It promotes inmate rehabilitation and long-term recovery, enhancing psychological well-being and sustaining marital ties of prisoners.
RBI Sets Up Committee for Ethical AI in Finance
RBI Sets Up Committee for Ethical AI in Finance: RBI has established an eight-member committee to develop a Framework for Responsible and Ethical AI (FREE-AI) adoption in the financial sector. The committee is chaired by Professor Pushpak Bhattacharyya from IIT Bombay and consists of specialists from academia, government, and industry.
Intangible Cultural Heritage : UNESCO
Intangible Cultural Heritage : UNESCO The recognition of Bosnia’s Sevdalinka, also known as “Balkan Blues,” as part of UNESCO’s National Inventory of Intangible Cultural Heritage highlights global efforts to preserve and celebrate diverse cultural traditions.A melancholic urban love song blending South Slavic oral poetry and Ottoman music, often referred to as the “Balkan Blues.”Nation: Bosnia.Features […]
Siang Upper Multipurpose Project
Siang Upper Multipurpose Project: Arunachal Pradesh CM stated that the ₹1.13 lakh crore Siang Upper Multipurpose Project aims to generate electricity, maintain year-round river flow, and mitigate flood risks from excess water released by China.A multipurpose hydroelectric project aimed at flood mitigation, maintaining the Siang River’s natural flow, and electricity generation with a capacity of […]
