Electronics Repair Services Outsourcing (ERSO) Initiative: The Union Ministry of Electronics & IT launched the ERSO Pilot initiative to validate certain transformational policy and process changes to make India the Repair Capital of the World. Electronics Repair Services Outsourcing (ERSO) initiative aims to promote India as a hub for repairing electronic goods and to assess […]
CITIIS 2.0 Program
CITIIS 2.0 Program: The Union Cabinet chaired by the Indian Prime Minister has approved the City Investments to Innovate, Integrate and Sustain 2.0 (CITIIS 2.0) programme. CITIIS 2.0 is a program conceived by the Ministry of Housing and Urban Affairs (MoHUA) in partnership with the French Development Agency (AFD), Kreditanstalt für Wiederaufbau (KfW), the European […]
Evergreening Of Loans : RBI
Evergreening Of Loans : RBI The Governor of the Reserve Bank of India (RBI), recently addressed bank boards and expressed concerns about banks adopting over-aggressive growth strategies and engaging in the evergreening of loans. The governor emphasized the need for robust corporate governance and highlighted instances of concealing the true status of stressed loans. Evergreening […]
Lightweight Payment And Settlement System : RBI
Lightweight Payment And Settlement System : RBI The Reserve Bank of India (RBI) recently announced plans to introduce a ‘Lightweight’ Payment and Settlement System (LPSS) for emergencies which was proposed in RBI’s annual report for 2022-23. The lightweight system aims to provide resilience and continuity of payment and settlement systems while ensuring efficiency during emergencies. […]
World Milk Day : 1st June 2023
World Milk Day : 1st June 2023 The Department of Animal Husbandry and Dairying, in partnership with the Agriculture Production Department of the Government of Jammu and Kashmir, is gearing up to celebrate World Milk Day on June 1, 2023. The occasion will be marked by a Summer Meet for the animal husbandry and dairying […]
75 Years Of UN Peacekeeping
75 Years Of UN Peacekeeping: The Indian Army commemorated the 75th International Day of United Nations (UN) Peacekeepers on 29th May (which was designated by the UN General Assembly) at the National War Memorial in New Delhi. Theme 2023: ‘Peace begins with me’. This day holds significance as it marks the anniversary of the first […]
New Excavations At Delhi’s Purana Qila
New Excavations At Delhi’s Purana Qila: New excavations at Delhi’s Purana Qila (Old Fort) have uncovered evidence of a pre-Mauryan era settlement. The ongoing excavation aims to establish a complete chronology of the site and provide further insights into the ancient city of Indraprastha. The site is considered significant as it may have been the […]
India’s First Facility To Produce Rare Earth Permanent Magnets
India’s First Facility To Produce Rare Earth Permanent Magnets: The PM has inaugurated India’s first facility to produce rare earth permanent magnets in Visakhapatnam. A permanent magnet is a type of magnet that can create a magnetic field without needing any external power source. It is called “permanent” because once it is magnetized, it can […]
World Energy Investment Report 2023
World Energy Investment Report 2023: The International Energy Agency has released the World Energy Investment Report 2023 Key findings of the Report: Investment in clean energy has increased in recent years Investments in clean energy have surpassed investments in fossil fuels by 70%; Transition driven by Electric Vehicles (EVs) and renewable power; $1.7 allocated to […]
Global Hunger Hotspots
Global Hunger Hotspots: According to a new report published by United Nations, several parts of the world faces increase in acute food insecurity. India’s neighbors, Pakistan, Afghanistan and Myanmar, are among the hunger hotspots in the world. Global Hunger Hotspots: Acute food insecurity can potentially increase in magnitude and severity for 18 areas in 22 […]
