Government Restores Diamond Imprest Licence for Gems and Jewellery Sector: Commerce and Industry Minister Piyush Goyal has announced the restoration of the Diamond Imprest Licence, a move aimed at revitalizing India’s gems and jewellery sector. The decision was made during the India International Jewellery Show (IIJS) 2024, organized by the Gem and Jewellery Export […]
Continuous Clearing Of Cheques
Continuous Clearing Of Cheques: The Reserve Bank of India (RBI) has announced the implementation of Continuous Clearing of Cheques under the Cheque Truncation System (CTS), aimed at speeding up the cheque clearing process. Currently, CTS takes up to two working days to clear cheques. With the new system, cheques will be scanned, presented, and […]
Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 : Approved
Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 : Approved The Union Cabinet has approved the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0, which aims to provide financial assistance to help one crore urban poor and middle-class families build, purchase, or rent affordable housing over five years. The scheme, targets families with no permanent house and offers […]
Banking Laws (Amendment) Bill, 2024
Banking Laws (Amendment) Bill, 2024: A bill proposing changes to banking laws, including allowing up to four nominees for a bank account, was introduced in the Lok Sabha recently. The Banking Laws (Amendment) Bill, 2024, aims to strengthen banking governance, enhance reporting consistency to the Reserve Bank of India (RBI), and improve protection […]
Juanga Tribe : In News
Juanga Tribe : In News The District Level Committee of Keonjhar in Odisha cleared the hurdle for habitat rights under the Forest Rights Act (FRA) to the Juanga, a particularly vulnerable tribal group, by approving the claim recently. Juanga Tribe is an indigenous community in India concentrated in Odisha’s Keonjhar district. It is one of […]
Hoverflies : New Species
Hoverflies : New Species Three Kashmiri scientists recently discovered a new species of hoverfly that mimics the wasp in the high-altitude alpine forests. Hoverflies sometimes called ‘flower flies’ or ‘syrphid flies’, are any member of a family that contains about 6,000 species of insects in the fly order, Diptera. Their various common names refer to […]
Overnight Index Swap
Overnight Index Swap: The Deputy Governor of the Reserve Bank of India (RBI) said that RBI has been reviewing the investment limit for foreign investors in the Overnight Index Swap (OIS) market. Overnight Index Swap (OIS) is a derivative instrumentwhere returns under a fixed rate asset are swapped against a pre-determined published index of a […]
Perseid Meteor Shower : In News
Perseid Meteor Shower : In News Perseid meteor shower which is this year’s most-awaited meteor shower is set to peak The name Perseid is believed to be derived from the Perseus constellation. It peaks during mid-August each year and is considered to be among the best meteor showers. Perseids, usually swift and bright, leave a […]
Seaweed Value Chain Development : NITI Aayog Report
Seaweed Value Chain Development : NITI Aayog Report NITI Aayog has laid down a comprehensive roadmap to promote seaweed cultivation in India in its report published titled “Strategy for the development of Seaweed Value Chain”. This includes steps for research, investment, training, infrastructure development, and market promotion toincrease seaweed production, which can benefit the environment, […]
Forest Clearance For Non-Foresting Activities In Wildlife Sanctuaries
Forest Clearance For Non-Foresting Activities In Wildlife Sanctuaries: The MoEFCC told the NGT that the Assam government did not obtain necessary forest clearance for non-forestry activities in the Sonai-Rupai Wildlife Sanctuary. The Ministry highlighted that such activitiesrequire approval from central govt, which was not sought. Sonai Rupai Wildlife Sanctuary, located in Assam, India, is known […]
