Asian Development Bank (ADB): Finance and Corporate Affairs Minister Nirmala Sitharaman, who is the Asian Development Bank’s (ADB) Governor for India, recently participated in the Governors’ Seminar on “Cooperation for a Resilient Future”, held as part of ADB’s annual meeting 2021. Sitharaman appreciated the ADB for providing timely financial support for Covid and non-Covid projects. […]
Category: Current Affairs
Operation Samudra Setu-II
Operation Samudra Setu-II: Indian Navy has launched Operation Samudra Setu-II for shipment of Oxygen-filled containers to India. Operation Samudra Setu was launched in May 2020 as part of the national effort to repatriate Indian citizens from overseas during the Covid-19 pandemic. Operation Samudra Setu-II: Seven Indian Naval ships viz. Kolkata, Kochi, Talwar, Tabar, Trikand, Jalashwa […]
What are Small Savings Instruments
Small Savings Instruments: The central government withdrew its orders of reducing the rates on all small savings instruments/schemes. Small savings instruments help individuals achieve their financial goals over a particular period. They are the major source of household savings in India. The small savings instrument basket comprises 12 instruments. Collections from all small savings instruments […]
Network For Greening The Financial System (NGFS)
Reserve Bank Of India Joined The Network For Greening The Financial System (NGFS): The Reserve Bank of India (RBI) joined the Network for Greening the Financial System (NGFS). The RBI expects to benefit from the membership of NGFS by learning from and contributing to global efforts on climate finance, which has assumed significance in the […]
P-8I Patrol Aircraft
P-8I Patrol Aircraft: The US State Department has approved the sale of six P-8I patrol aircraft and related equipment to India. The six aircraft will come fitted with encrypted systems, as India has signed the Communications Compatibility and Security Agreement (COMCASA) with the US. The Defence Acquisition Council approved the procurement of the aircraft in […]
What are Blow-Away Galaxies?
First ‘Blow-Away’ Galaxy: Astrophysicists using the Gemini telescope have spotted the first ‘blow-away galaxy, in which the hydrogen clouds have been stripped off exposing high-energy light. This finding could give a clue to solving the puzzle of the reionization of the universe. The galaxy, named Pox 186, is so small that it could fit inside […]
PLISFPI : Production Linked Incentive Scheme For Food Processing Industry
Production Linked Incentive Scheme For Food Processing Industry(PLISFPI): The Ministry of Food Processing Industries (MoFPI) has issued detailed operational scheme guidelines and has launched an online portal for ‘Production Linked Incentive Scheme for Food Processing Industry’(PLISFPI). As a part of Prime Minister’s announcement of Aatmanirbhar Bharat Abhiyan, Government of India has approved a new Central […]
R21/Matrix M : Malaria Vaccine
R21/Matrix M: A malaria vaccine candidate has shown promise in phase 2b clinical trials, with high efficacy at 77%. The results of the trial were published recently in preprints with The Lancet. The new vaccine candidate, called R21/Matrix M, is a modified version of RTS, S — another candidate against malaria that has been in […]
Ebola Outbreak in Congo
Ebola Outbreak: The Democratic Republic of Congo declared the end of an Ebola outbreak that infected 12 people in the eastern province of North Kivu and killed six of them. The outbreak was contained using Merck’s Ebola vaccine, which was given to more than 1,600 of the patients’ contacts and contacts of contacts. The cases […]
Asian Development Outlook (ADO) 2021
Asian Development Outlook (ADO) 2021: According to the report Asian Development Outlook (ADO) 2021, the second wave of Covid-19 can put India’s economic recovery at “risk”. ADO is a series of annual economic reports on the Developing Member Countries (DMCs) of the Asian Development Bank (ADB). GDP Projections: For India: Gross Domestic Product (GDP) will […]
