Global Offshore Wind Alliance: Nine countries including Britain, Germany, the United States and Japan joined an international alliance recently at the UN COP27 climate summit, to encourage the development of offshore wind power. The Global Offshore Wind Alliance (GOWA), established to “remove barriers” to the energy. It was set up by the International Renewable Energy […]
Category: Current Affairs
Report On Municipal Finances : RBI
Report On Municipal Finances : RBI The Reserve Bank of India (RBI) has released the Report on Municipal Finances, compiling and analyzing budgetary data for 201 Municipal Corporations (MCs) across all States. The RBI Report explores ‘Alternative Sources of Financing for Municipal Corporations’ as its theme. Findings: There have been several lacunae in the working […]
Central Counterparty Clearing house (CCP)
Central Counterparty Clearing house (CCP): The European Union’s financial markets regulator European Securities and Markets Authority (ESMA) said it will withdraw recognition of six Indian clearing bodies or central counterparties (CCPs). These six CCPs are Clearing Corporation of India (CCIL), Indian Clearing Corporation Ltd (ICCL), NSE Clearing Ltd (NSCCL), Multi Commodity Exchange Clearing (MCXCCL), India […]
Veerangana Sewa Kendra
Veerangana Sewa Kendra: Indian Army has recently launched a single window facility – Veerangana Sewa Kendra (VSK) for welfare and grievances redressal of Veer Naris. The system caters to registering grievances with tracking, monitoring, and regular feedback to the applicant. Veernaris / Next of Kin will have multiple means for approaching the VSK through telephone, […]
Compulsorily Convertible Preference Shares
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 […]
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 […]
