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Lightweight Payment And Settlement System : RBI

Lightweight Payment And Settlement System : RBI The Reserve Bank of India (RBI) recently announced plans to introduce a ‘Lightweight’ Payment and Settlement System (LPSS) for emergencies which was proposed in RBI’s annual report for 2022-23. The lightweight system aims to provide resilience and continuity of payment and settlement systems while ensuring efficiency during emergencies. […]

India’s First Facility To Produce Rare Earth Permanent Magnets

India’s First Facility To Produce Rare Earth Permanent Magnets: The PM has inaugurated India’s first facility to produce rare earth permanent magnets in Visakhapatnam. A permanent magnet is a type of magnet that can create a magnetic field without needing any external power source. It is called “permanent” because once it is magnetized, it can […]

Global Hunger Hotspots

Global Hunger Hotspots: According to a new report published by United Nations, several parts of the world faces increase in acute food insecurity. India’s neighbors, Pakistan, Afghanistan and Myanmar, are among the hunger hotspots in the world. Global Hunger Hotspots: Acute food insecurity can potentially increase in magnitude and severity for 18 areas in 22 […]