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Primary Agricultural Credit Societies : Approved

Primary Agricultural Credit Societies : Approved Union Cabinet recently approved the establishment of new Primary Agricultural Credit Society in 2 lakh panchayats in the next five years. PACS are village-level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state […]

Payment Aggregator Licenses : RBI

Payment Aggregator Licenses : RBI Payment Aggregator (PA) is a third-party service provider that allows merchants to accept payment from customers by integrating it into their websites or apps. It facilitates different types of payment transactions, including cash/cheque, online payments through multiple payment sources, or offline touchpoints. It allows merchants to accept bank transfers without […]

Services Trade Restrictiveness Index (STRI) : India’s Ranking

Services Trade Restrictiveness Index (STRI) : India’s Ranking In the recent services trade restrictiveness index (STRI), India’s rank improved a notch to 47 from 48 among 50 countries surveyed by the Organization for Economic Co-operation and Development (OECD). Highlights of the Survey: The 2022 STRI of India is above the OECD average and high compared […]

HARBINGER 2023: RBI Announces 2nd Global Hackathon

HARBINGER 2023: RBI Announces 2nd Global Hackathon The Reserve Bank of India recently announced the “HARBINGER-2023”. The theme of the hackathon is “Inclusive Digital Services”. Competitors from 22 different countries will participate in the hackathon. This includes Israel, the Philippines, Singapore, Sweden, the USA, and the UK. RBI also received 363 proposals from Indian candidates. […]

Jal Jan Abhiyan

Jal Jan Abhiyan: The Jal Jan Abhiyan will be implemented by the Ministry of Jal Shakti and the Brahma Kumaris organization. The main objective of the campaign is water conservation. During the campaign, the volunteers from the organization will conduct public awareness campaign on preserving water. The campaign is to run for eight months. They […]

Mental Healthcare Act, 2017

Mental Healthcare Act, 2017: The National Human Rights Commission (NHRC) gas raised concern over the Deplorable Condition of many Mental Healthcare Institutions (MHIs) in India, violating Mental Healthcare Act (MHA), 2017. According to the NHRC, MHIs are “illegally” keeping patients long after their recovery, which not only violates Article 21 but also highlights failure of […]