Category: Economics Current Affairs

Ajay Kumar Shrivastava Appointed Director (Engineering & R&D), HAL: Ajay Kumar Shrivastava has officially assumed the role of Director (Engineering and R&D) at Hindustan Aeronautics Limited (HAL), one of India’s premier aerospace and defence public sector undertakings. With 37 years of experience in aircraft design and development, Shrivastava’s appointment marks a significant move in advancing […]

EximPe Gets RBI Approval for Cross-Border Payment Aggregator License: EximPe has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border (PA-CB). This move is expected to bolster cross-border digital transactions and e-commerce trade, particularly in the India-Asia corridor. As cross-border payments become more integral to […]

India Launches World’s First Traditional Knowledge Digital Library: India became the first country in the world to launch a Traditional Knowledge Digital Library (TKDL). This important step aims to protect and promote India’s rich traditional medicine systems using modern digital tools like Artificial Intelligence (AI). The World Health Organization (WHO) praised India’s efforts, calling it […]

Informal Credit in India: Despite nearly universal bank account penetration in India, fresh data (CMIE, Piramal Enterprises) show a sharp shift by poor households towards informal borrowing, due to limited access to formal credit channels. Informal Credit is Credit from non-regulated entities like moneylenders, pawnshops, friends/family, chit funds. Typically lacks transparency, documentation, or consumer protection. […]

Hindi as a compulsory third language : Maharashtra The Maharashtra government scrapped its government resolutions (GRs) mandating Hindi as a compulsory third language from Grades 1 to 5 in Marathi and English medium schools.Though the move was in line with National Education Policy (NEP), 2020, which promotes multilingualism through the three-language formula, it was withdrawn […]

National Health Claims Exchange: The government is preparing to bring the National Health Claims Exchange, currently managed by the Health Ministry, under the joint supervision of the Finance Ministry and the Insurance Regulatory and Development Authority of India (IRDAI). NHCX is developed under the Ayushman Bharat Digital Mission (ABDM) by the National Health Authority (NHA) […]

Operation Fire Trail: In a major anti-smuggling action, the Directorate of Revenue Intelligence (DRI) seized ₹35 crore worth of banned Chinese firecrackers during “Operation Fire Trail” across Indian ports. Operation Fire Trail is a special intelligence-led enforcement operation launched by the DRI to crack down on illicit imports of Chinese firecrackers, posing environmental, legal, and […]

TALASH Initiative: The National Education Society for Tribal Students (NESTS), an autonomous organization under the Ministry of Tribal Affairs launched the TALASH initiative. The Tribal Aptitude, Life Skills and Self-Esteem Hub (TALASH) is a national- program to support the all-round development of students in Eklavya Model Residential Schools (EMRSs). It was launched by National Education […]

AI-powered Machine Vision-Based Inspection Systems (MVIS): Indian Railways and DFCCIL have signed an MoU to deploy AI-powered Machine Vision-Based Inspection Systems (MVIS) for real-time detection of rolling stock defects.MVIS is an AI–ML integrated visual inspection platform developed to monitor and detect defects in freight train rolling stock using high-resolution cameras and computer vision. It automates […]