Prepaid Payment Instruments: RBI A committee set up to review the Customer Service Standards in RBI Regulated Entities has recommended that the central bank should examine the extension of Deposit Insurance and Credit Guarantee Corporation (DICGC) cover to PPI. Prepaid Payment Instruments are instruments that facilitate the purchase of goods and services, conduct of financial […]
Tribal ‘Green Warrior’: Damodar Kashyap
Tribal ‘Green Warrior’: Damodar Kashyap Damodar Kashyap, a 74-year-old tribal farmer in Chhattisgarh’s Bastar district, has transformed 400 acres of land in his village into a flourishing forest through a community-based approach to conservation. As the village sarpanch, he implemented strict rules and fines for forest destruction and deployed villagers to patrol and guard the […]
Cyclone Biporjoy
Cyclone Biporjoy: Cyclonic Storm “Biporjoy” intensifies in the Arabian Sea, posing significant risks and uncertainties for the affected regions. The India Meteorological Department (IMD) reports the storm’s rapid development, expecting it to strengthen into a severe cyclonic storm with winds reaching 115-125 kmph and gusts of 140 kmph on June 8, 2023. The name ‘Biparjoy’ […]
The Ocean Census Initiative
The Ocean Census Initiative: A new initiative called ‘The Ocean Census initiative’ aims to discover 100,000 new marine species within ten years, utilizing advanced technologies like high-resolution imagery, DNA sequencing, and machine learning. Scientists estimate that only about 10% of marine species have been formally described, leaving approximately 2 million species unidentified. The Ocean Census […]
Kakhovka Dam
Kakhovka Dam: A huge Soviet-era dam on the Dnipro River in southern Ukraine, known as the Kakhovka Dam, was breached, resulting in flooding across the war zone. The dam was an important part of the Kakhovka hydroelectric power plant, supplying water to the Crimean Peninsula and the Zaporizhzhia nuclear plant. Crimea is a peninsula in […]
Daily Current Affairs for UPSC IAS: 7th June 2023
Today’s Current Affairs: 7th Jun 2023 for UPSC IAS exams, State PSC exams, SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc
Peer-To-Peer (P2P) Lending
Peer-To-Peer (P2P) Lending: After digital payments and digital lending, the Reserve Bank of India is looking closely at platforms that facilitate direct, or peer-to-peer (P2P), lending between individuals. Peer-to-Peer (P2P) lending is done through a website that connects borrowers and lenders directly. Those who want to lend money, open an account with a P2P platform […]
National Institutional Ranking Framework (NIRF) 2023
National Institutional Ranking Framework (NIRF) 2023: The Minister of State for Education released the National Institutional Ranking Framework (NIRF) 2023. Highlights of NIRF 2023: Indian Institute of Technology Madras retains its 1st position in Overall Category and Engineering. Indian Institute of Science, Bengaluru tops the Universities Category and stood first in Research Institutions Category. IIM […]
Exercise Ekatha
Exercise Ekatha: Indian Navy divers and Marine Commandos are in the Maldives for the sixth edition of Exercise Ekatha. Exercise Ekatha is an annual exercise conducted between the navies of India and Maldives. Objective is to enhance interoperability in diving and special operations. The location of the Maldives, at the intersection of commercial sea-lanes running […]
Bitumen : Major Cause Of Pollution
Bitumen : Major Cause Of Pollution Goa Power Minister recently said that bitumen used in road construction is a major cause of pollution. Bitumen is a dense, highly viscous, petroleum-based hydrocarbon. It is found in deposits such as oil sands and pitch lakes(natural bitumen) or is obtained as a residue of the distillation of […]
