Expected Credit Loss (ECL) Framework: Private sector lender ICICI Bank recently said the bank is ready to move to an expected credit loss (ECL) framework for provisioning. The RBI defines a loan loss provision as an expense that banks set aside for defaulted loans. Banks set aside a portion of the expected loan repayments from […]
Category: Current Affairs
Tiger Orchids
Tiger Orchids: Tiger Orchids (Grammatophyllum speciosum) bloom at the Jawaharlal Nehru Tropical Botanic Garden and Research Institute (JNTBGRI), Palode, Kerala. Tiger orchid is the largest orchid species in the world. It is called Tiger Orchid because of its splendid flowers which sport striking brown spots against a yellow backdrop, bringing to mind tigers. After 8-12 […]
Batagaika Crater : Affected Due To Climate Change
Batagaika Crater: Affected Due To Climate Change Stunning drone footage has revealed details of the Batagaika crater which is getting affected due to climate change. Batagaika Crater is located in Russia’s Far East that forms the world’s biggest permafrost crater. Scientists believe that the crater is the result of a melting permafrost land, which was […]
TCRM Matrix
TCRM Matrix: NITI Aayog has introduced the Techno-Commercial Readiness and Market Maturity Matrix (TCRM Matrix) framework, an innovative assessment tool aimed at transforming technology evaluation, encouraging innovation, and nurturing entrepreneurship in India. TCRM Matrix stands for Techno-Commercial Readiness and Market Maturity Matrix. It is an assessment tool designed to revolutionize technology evaluation, foster innovation, and […]
India Climate Energy Dashboard (ICED) 3.0 : NITI Aayog
India Climate Energy Dashboard (ICED) 3.0 : NITI Aayog NITI Aayog has launched the India Climate Energy Dashboard (ICED) 3.0, a comprehensive platform providing near real-time data on the energy sector, climate, and related economic datasets sourced from government publications. Developed as a user-friendly platform, ICED 3.0 enables users to freely access and analyse datasets […]
Aeolus Wind Satellite : European Space Agency’s
Aeolus Wind Satellite : European Space Agency’s The European Space Agency’s (ESA) Aeolus wind satellite, after exceeding its planned life in orbit, is making its way back to Earth. Aeolus Wind Satellite is a satellite mission launched by the European Space Agency (ESA) to study Earth’s winds and their influence on the planet’s climate and […]
Advance Authorisation Scheme : Directorate General of Foreign Trade
Advance Authorisation Scheme : Directorate General of Foreign Trade The Directorate General of Foreign Trade (DGFT) implemented the Advance Authorisation Scheme. The Scheme was implemented under the Foreign Trade Policy. It allows duty-free import of inputs for export purposes. Advance Authorisation Scheme:- Launched: 2015. (Advance Authorization Scheme (AAS)) Ministry: Ministry of Commerce and Industry. […]
Minimum Guaranteed Income Bill, 2023 : Rajasthan
Minimum Guaranteed Income Bill, 2023 : Rajasthan The Rajasthan Minimum Guaranteed Income Bill, 2023, introduced by the Rajasthan government, aims to provide additional income support to people in the state. The Bill seeks to help citizens cope with inflation and improve their financial stability. The Bill has three broad categories: right to minimum guaranteed income, […]
India Bans Non-Basmati White Rice Exports
India Bans Non-Basmati White Rice Exports: The Indian government has imposed an immediate ban on the export of non-basmati white rice, except for certain ongoing shipments. This variety of rice had accounted for 25% of the total rice exports from the country. This step was taken in response to the 11.5% increase in domestic rice […]
Vision Document To Achieve 2070 Net Zero Target : Jharkhand
Vision Document To Achieve 2070 Net Zero Target : Jharkhand Jharkhand, a state known for its rich mineral resources and significant contribution to India’s industrial development, is now gearing up for a remarkable transition towards sustainability and a low-carbon economy. The state’s Department of Forest, Environment, and Climate Change recently released a vision document outlining […]
