Compulsorily Convertible Preference Shares: Insurance regulator IRDAI has rejected Fairfax proposal to convert the company’s holdings in compulsory convertible preferred shares (CCPS) issued by Go Digit Infoworks into equity shares. CCPS, or Compulsorily Convertible Preference Shares, are a key element of startup financing. It gives the assurance of a fixed rate of return plus the […]
Category: Current Affairs
Guidelines For Uplinking And Downlinking Of Television Channels In India, 2022
Guidelines For Uplinking And Downlinking Of Television Channels In India, 2022: The Ministry of Information & Broadcasting has issued guidelines and specified new uplinking and downloading rules. Earlier, the Ministry of Information and Broadcasting (I&B) had issued an advisory stating that any kind of broadcasting be done only through Prasar Bharti. New Provisions: Television channels […]
Dynamic Ground Water Resource Assessment Report
Dynamic Ground Water Resource Assessment Report: According to the Dynamic Ground Water Resource Assessment Report for the entire country for the year 2022, groundwater extraction in India saw an 18-year decline. The assessment was carried out jointly by Central Ground Water Board (CGWB), States and Union Territories. Such joint exercises between the CGWB and States/Union […]
India’s Sovereign Green Bonds Framework
India’s Sovereign Green Bonds Framework: The Union Minister for Finance & Corporate Affairs has approved the final Sovereign Green Bonds Framework of India. Sovereign Green Bonds will be issued for mobilising resources for green projects. The Framework comes close on the footsteps of India’s commitments under “Panchamrit” as elucidated by the Prime Minister at Conference […]
Marrakech Partnership For Global Climate Action
Marrakech Partnership For Global Climate Action: Marrakech Partnership for Global Climate Action recently launched Yearbook of Global Climate Action 2022. This Yearbook of Global Climate Action, the sixth of the series, reviews the state and scope of global climate action in 2022. It outlines what is needed to accelerate sectoral systems transformation, features case studies […]
What Is Greenwashing?
What Is Greenwashing? The United Nations Secretary General has warned private corporations to desist the practice of Greenwashing and mend their ways within a year. The term greenwashing was first used in 1986 by Jay Westerveld, an American environmentalist and researcher. Greenwashing is the practice in which firms and governments mark all kinds of activities […]
Energy Transition Accelerator (ETA) For Climate Finance
Energy Transition Accelerator (ETA) For Climate Finance: U.S.A recently unveiled a new carbon offset scheme called Energy Transition Accelerator (ETA) for climate finance. It will be developed by the US along with the Bezos Earth Fund and the Rockefeller Foundation and receive inputs from public and private sectors. It is a new carbon offset plan […]
Bailey K. Ashford Medal For 2022
Bailey K. Ashford Medal For 2022: Indian physician and scientist Dr Subhash Babu have received the prestigious Bailey K. Ashford Medal for 2022. In its 82-year history, the award has never been given to an Indian scientist or an Indian institution for work. The American Society of Tropical Medicine and Hygiene (ASTMH), the largest scientific […]
New Species Of Estuarine Crab
New Species Of Estuarine Crab: Researchers have discovered a new species of Estuarine Crab at the Mangroves of Parangipettai near the Vellar River estuary (an area where river meets the ocean) in Cuddalore district, Tamil Nadu. The species has been named ‘Pseudohelice Annamalai’ in recognition of Annamalai University’s 100 years of service in education and […]
Vikram-S : India’s First Privately Developed Rocket
Vikram-S : India’s First Privately Developed Rocket India’s first privately developed rocket, Vikram-S, is poised to create history as it undergoes final preparations at the ISRO (Indian Space Research Organisation) launchpad in Sriharikota for launch between November 12 and 16. It was developed by the Hyderabad-based Skyroot Aerospace. The mission named ‘Prarambh’ (the beginning), since […]