China Solomon Islands Security Agreement: China said it had signed a security pact with the Solomon Islands, a first-of-its-kind arrangement that could pave the way for further Chinese security deals overseas. The two sides signed an inter-governmental framework agreement on security cooperation. Under the agreement, the two sides “will conduct cooperation in such areas as […]
Category: Current Affairs
Marginal Cost Of Funds-Based Lending Rates Raised
Marginal Cost Of Funds-Based Lending Rates Raised: State Bank of India (SBI) raised the marginal cost of funds-based lending rates (MCLR) for the first time in three years, signalling that the soft rates regime that has prevailed since 2019 may be over. SBI raised the MCLR by 10 basis points (bps) across tenures to 7.1% […]
Alluri Sitaram Raju
Alluri Sitaram Raju: The Vice President, Shri M. Venkaiah Naidu today visited the birthplace of noted freedom fighter and revolutionary, Shri Alluri Sitarama Raju in Pandrangi village near Visakhapatnam, Andhra Pradesh. Alluri Sitarama Raju (1897 – 1924) was an Indian revolutionary who waged an armed campaign against British colonial rule in India. Born in present-day […]
NATPOLREX-VIII
NATPOLREX-VIII: Defence Secretary Dr Ajay Kumar inaugurated, on April 19, 2022, the 8th edition of two-day National Level Pollution Response Exercise, ‘NATPOLREX-VIII’, being conducted by Indian Coast Guard (ICG) off Mormugao harbour, Goa. The objective of NATPOLREX-VIII is to enhance the preparedness and response capability of all the stakeholders in combating marine spills. It aims […]
Invictus Games 2022
Invictus Games 2022: The 2022 edition of the Invictus Games opened on April 16 night in The Hague, Netherlands, where Prince Harry paid tribute to the Ukrainian team. The Games are scheduled to run until April 22. The first edition of the Games was held in London in 2014, and subsequent competitions were organised in […]
Indo-Finnish Virtual Network Centre On Quantum Computing
Indo-Finnish Virtual Network Centre On Quantum Computing: India and Finland announced the decision to establish an Indo-Finnish Virtual Network Centre on Quantum Computing. Science and Technology Minister Dr Jitendra Singh and visiting Finland Minister of Economic Affairs Mika Lintila, who is currently in India, announced this. An MoU for this was also signed. The Indian […]
World’s Highest Tunnel At Shinku La Pass
World’s Highest Tunnel At Shinku La Pass: The world’s highest tunnel will be constructed by the Border Roads Organisation (BRO) at Shinku La Pass at 16,580 feet. This tunnel will be connecting Himachal Pradesh to Ladakh. The construction of this tunnel by the Border Roads Organisation (BRO) will begin by July 2022. This tunnel will […]
State of the Economy Report : RBI
State of the Economy Report : RBI The Reserve Bank of India (RBI) in its ‘State of the economy’ report cautioned that the surging commodity prices are causing inflation risks, especially through the surging of imports. The ever-growing widening of current and trade account deficits along with the portfolio capital outflows is putting pressure on […]
World’s First Crypto-Backed Payment Card
World’s First “Crypto-Backed” Payment Card: Crypto lender Nexo has collaborated with Mastercard to launch the world’s first “crypto-backed” payment card. This launch has signaled the move by financial and crypto networks to collaborate as digital assets are becoming more mainstream. Initially, the card will be available in selected European countries. It will allow users to […]
Reservation In Promotion In Government Offices
Reservation In Promotion In Government Offices: The Department of Personnel and Training (DoPT) has asked all departments of the Central Government to collect the data on inadequacy of representation of Scheduled Castes and Scheduled Tribes before implementing the policy of reservation in promotion in government offices. The DoPT order has also specified conditions (Based on […]
