What Is National Land Monetization Corporation (NLMC)? The Union Cabinet has approved the setting up National Land Monetization Corporation (NLMC) as a wholly owned Government of India company. The Finance Minister had announced plans to set up a special purpose vehicle for this purpose in the Union Budget 2021-22. In August, 2021, the government of […]
Category: Current Affairs
Virtual Smart Grid Knowledge Center (Virtual SGKC) And Innovation Park
Virtual Smart Grid Knowledge Center (Virtual SGKC) And Innovation Park: The Union Minister for Power has launched the Virtual Smart Grid Knowledge Center (Virtual SGKC) and Innovation Park. Virtual Smart Grid Knowledge Center (Virtual SGKC) Located within the powergrid centre in Manesar (Haryana), Virtual Smart Grid Knowledge Center (Virtual SGKC) is the first of its […]
UPI123Pay and Digisaathi: New UPI Services By RBI
New UPI Services By RBI: UPI123Pay And Digisaathi The Reserve Bank of India (RBI) has launched new UPI services for feature phones called UPI123Pay for non internet users to make digital payments, also launched a 24×7 helpline for digital payments called ‘Digisaathi’. ‘Digisaathi’ has also been set up by the National Payments Corporation of India […]
What Are Karewas?
What Are Karewas? In the name of development, Kashmir’s highly fertile alluvial soil deposits called ‘karewas’ are being destroyed. Despite its agricultural and archaeological importance, karewas are now being excavated to be used in construction. In the Kashmiri dialect, the term Karewa means “elevated table land”. Firstly, this term was used by Godwin Austin in […]
Amendments To The Mines And Minerals (Development and Regulation) Act
Amendments To The Mines And Minerals (Development and Regulation) Act: The Union Cabinet has approved amendments to the Second Schedule of the Mines and Minerals (Development and Regulation) Act, 1957 for specifying the rate of royalty in respect of Glauconite, Potash, Emerald, Platinum Group of Metals (PGM), Andalusite, Sillimanite and Molybdenum. The approval would ensure […]
RBI Conducted A $5 Billion Dollar-Rupee Swap
RBI Conducted A $ 5 Billion Dollar-Rupee Swap: The Reserve Bank of India (RBI) conducted a $ 5 billion dollar-rupee swap auction as part of its liquidity management initiative, leading to infusion of dollars and sucking out of the rupee from the financial system. The RBI sold $5.135 billion to banks on March 8 and […]
What Is Ukrainian Foreign Legion?
What Is Ukrainian Foreign Legion? Over 500 Indians from across the country, including some veterans, have submitted applications volunteering to join the International Legion created to fight Russian forces in Ukraine, diplomatic sources said The International Legion of Territorial Defense of Ukraine is also known as the Ukrainian Foreign Legion. It is a volunteer foreign […]
Motor Vehicles Agreement (MVA)
Motor Vehicles Agreement (MVA): With Bhutan continuing to sit out the Motor Vehicles Agreement (MVA) of the sub-regional Bangladesh-Bhutan-India-Nepal (BBIN) grouping, a meeting of the other three countries was held to discuss the next steps in operationalising the agreement for the free flow of goods and people between them. The original BBIN MVA was signed […]
PARAM Ganga: A Supercomputer
PARAM Ganga: A Supercomputer The National Supercomputing Mission (NSM) has deployed “PARAM Ganga”, a supercomputer at IIT Roorkee, with a supercomputing capacity of 1.66 Petaflops. The system is designed and commissioned by C-DAC under Phase 2 of the build approach of the NSM. The National Supercomputing Mission (NSM) is being steered jointly by Ministry of […]
Temporary Protection Directive (TPD)
Temporary Protection Directive (TPD): Over 1.5 million people fled Ukraine in the first 10 days of fighting, according to the United Nations High Commissioner for Refugees, which has described the displacement as the “fastest growing refugee crisis since the Second World War”. Responding to the crisis, EU Member States on March 3 made the unprecedented […]
