What Is Surety Bond? The Ministry for Road Transport & Highways (MORTH) has asked insurance regulator Insurance Regulatory and Development authority (IRDAI) to develop a model product on Surety Bonds in consultation with general insurers. Several challenging issues which made Surety Bond a complete non-starter with the insurers have also been discussed and it was […]
West Seti Power Project: Nepal
West Seti Power Project: Nepal India will be taking over West Seti Hydropower Project nearly four years after China withdrew from it, ending a six-year engagement between 2012 and 2018. Earlier, the Indian Prime Minister visited Lumbini, where he celebrated 2566th Buddha Jayanti celebrations, also Nepal invited India to invest in West Seti Hydropower Project. […]
Daily Current Affairs for UPSC IAS: 20th June 2022
Today Current Affairs:20th June 2022 for UPSC IAS exams, State PSC exams, SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc
Ban On Wheat Export From India
Ban On Wheat Export From India: The United Arab Emirates (UAE) suspended re-export of wheat and flour from grain originating in India is basically an assurance that whatever it imports will be used only for domestic consumption. The development comes a month after India banned wheat exports to meet the demand of its domestic market, […]
FATF’s Grey List
FATF’s Grey List: Pakistan got a reprieve from the Financial Action Task Force (FATF) as FATF announced that the country could be removed from the grey list. FATF is expected to decide whether to take Pakistan off the ‘grey’ list at the end of its plenary session in Berlin in October. Pakistan has been on […]
Next-Generation Corvettes
Next-Generation Corvettes: The Defence Acquisition Council (DAC) has given the Acceptance of Necessity (AoN) for procurement of next-generation Corvettes for the Indian Navy at an approximate cost of Rs 36,000 crore. A Corvette is the smallest class of naval ships and it falls below the warship class of a frigate. These are highly agile ships […]
e-Vidhan System
e-Vidhan System: A delegation of MLAs from Gujarat visited the Uttar Pradesh Legislative Assembly in June 2022 to learn about the novel e-Vidhan system for paperless proceedings that has been recently adopted by the UP state assembly. The National e-Vidhan Application (NeVA) is a system for digitising the legislative bodies of all Indian states and […]
G33 Ministerial Meeting In Geneva
G33 Ministerial Meeting In Geneva: At the G33 Ministerial Meeting in Geneva, Union Commerce and Industry Minister Piyush Goyal expressed his concerns over the stalemate in reaching a permanent solution on the issue of public stockholding and special safeguard mechanism (SSM) for food security. The G33 Ministerial Meeting was held on the sidelines of the […]
FIFAe Nations Cup (FeNC) 2022
FIFAe Nations Cup (FeNC) 2022: In Football, India created history by securing a spot at the highly coveted FIFAe Nations Cup (FeNC) 2022. Representatives from the country will join esports athletes from 23 other nations to compete at the highest level of FIFA 22 Esports from July 26 to 30 in Copenhagen, Denmark. The FIFAe […]
Way Finding Application
Way Finding Application: The Union Cabinet has approved the proposal for signing of an agreement between the Government of India and the United Nations on a ‘Way Finding Application’ to be used in the Palais des Nations, United Nations Office at Geneva (UNOG). The United Nations Office at Geneva (UNOG), consisting of five buildings and […]
