Full-Reserve Banking Versus Fractional-Reserve Banking: Economists are engaged in a debate regarding Full-Reserve Banking (100% reserve banking) versus Fractional-Reserve Banking. While both systems have their proponents and critics, understanding the key differences between them is crucial in assessing their potential impact on economic growth and financial stability. Full-Reserve Banking: Under full-reserve banking, banks are strictly […]
Global Education Monitoring Report 2023: UNESCO
Global Education Monitoring Report 2023: UNESCO The UNESCO (United Nations Educational, Scientific and Cultural Organization) has released the Global Education Monitoring Report 2023, titled ‘Technology in Education: A Tool on Whose Terms’ endorsed ban on smartphones in schools where technology integration does not improve learning. Highlights of the Report: The report highlighted that “mere proximity […]
White Label ATM : RBI
White Label ATM : RBI The Reserve Bank of India (RBI) has taken significant steps to promote ATM penetration, especially in Tier III to VI centres, by permitting non-bank companies to set up, own and operate White Label ATMs (WLAs). These WLAs provide various banking services to customers based on cards issued by banks, and […]
FAME India Phase-II
FAME India Phase-II: The Ministry of State for Heavy Industries highlighted the developments of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme Phase-II in a written reply to the Lok Sabha. The FAME India Scheme, aimed at promoting electric vehicles (EVs) in the country, has taken significant strides to […]
The Jan Vishwas (Amendment of Provisions) Bill 2023
The Jan Vishwas (Amendment of Provisions) Bill 2023: The Jan Vishwas (Amendment of Provisions) Bill 2023 is set to be taken up during the ongoing Monsoon Session of the Parliament. The Bill was tabled in Parliament by the Union Ministry of Commerce and Industry (December 2022) and then referred to a Joint Parliamentary Committee. Provisions […]
World Cities Culture Forum : First Indian City To Join
World Cities Culture Forum : First Indian City To Join Bengaluru has become the first Indian city to join the World Cities Culture Forum (WCCF), an organization founded in 2012 by the office of the Mayor of London. With 40 member cities already in its portfolio, Bengaluru becomes the 41st member of the forum. The […]
Registration Of Births And Deaths (RBD) Amendment Bill, 2023
Registration Of Births And Deaths (RBD) Amendment Bill, 2023: The Registration of Births and Deaths (RBD) Amendment Bill, 2023, proposes to create digital birth certificates that will serve as comprehensive documents for various purposes. It aims to eliminate the need for multiple documents to prove the date and place of birth. The Bill introduces significant […]
The Biological Diversity (Amendment) Bill 2021
The Biological Diversity (Amendment) Bill 2021: The Lok Sabha passed the contentious Biological Diversity (Amendment) Bill 2021. Biodiversity refers to the variety of life forms that exist on the planet. Biological Diversity (Amendment) Bill, 2021: The Bill modifies the classification of entities and activities that require intimation, while also introducing exemptions to certain cases. The […]
Daily Current Affairs for UPSC IAS: 28th July 2023
Today’s Current Affairs: 28th Jul 2023 for UPSC IAS exams, State PSC exams, SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc
Gulf Stream : Could Collapse
Gulf Stream : Could Collapse A recent study suggests the Gulf Stream system could collapse as soon as 2025. The Gulf Stream is a swift and warm ocean current that flows along the eastern coast of North America and crosses the Atlantic Ocean towards Europe. It originates in the Gulf of Mexico and is primarily […]
