Asset Reconstruction Companies: The Reserve Bank of India (RBI) has raised supervisory concerns regarding the functioning of asset reconstruction companies (ARCs). Asset Reconstruction Companies (ARCs) are financial institutions that acquire and manage stressed assets from banks and financial institutions. Registered under Section 3 of the SARFAESI Act, 2002, ARCs face several challenges, including issues like […]
Category: Current Affairs
Centre Granted Citizenship Under CAA
Centre Granted Citizenship Under CAA: The Union Government has granted citizenship certificates to over 300 people who applied under the Citizenship (Amendment) Act (CAA), 2019. The Citizenship Amendment Rules, 2024, were notified by the Ministry of Home Affairs on 11th March 2024, that paved the way for the implementation of the CAA after 4 years […]
Digital Arrest Scams : Warning
Digital Arrest Scams : Warning The Ministry of Home Affairs (MHA) has issued a warning about an increase in ‘digital arrest’ scams, where cybercriminals impersonate government officials to extort money from unsuspecting victims. The Indian Cybercrime Coordination Centre (I4C), in collaboration with Microsoft, is actively combating this organised online economic crime. Scammers pose as personnel […]
Pig Butchering Scam : Online Investment Fraud
Pig Butchering Scam: Online Investment Fraud An online financial fraud called the Pig Butchering Scam is increasing across the globe, including in India. Pig Butchering Scam is also known as a “sha zhu pan” scam, which is a type of online investment fraud that involves scammers creating fake online personas to lure victims into fraudulent […]
R21/Matrix-M Vaccine
R21/Matrix-M Vaccine: Vaccines manufacturer Serum Institute of India (SII) recently said it has started exports of ‘R21/Matrix-M’ malaria vaccine to Africa as part of the global fight against the disease. R21/Matrix-M Vaccine is a new vaccine approved for the prevention of malaria in children. It is the second malaria vaccine recommended by the World Health […]
Copernicus Emergency Management Service (EMS) Programme
Copernicus Emergency Management Service (EMS) Programme: As part of a multi-agency effort to locate a helicopter carrying Iranian President Ebrahim Raisi that crashed in East Azerbaijan province recently, the European Union activated its Copernicus EMS rapid response mapping service at Iran’s request. Copernicus Emergency Management Service (EMS) Programme named after the renowned 15th-century scientist Nicolaus […]
Char Dham Yatra : Death Of 11 Pilgrims
Char Dham Yatra : Death Of 11 Pilgrims With nearly twice the number of pilgrims embarking on the Char Dham yatra in Uttarakhand since it commenced on May 10, the state government has reported the death of 11 pilgrims in the first five days. The pilgrimage to Yamunotri, Gangotri, and Kedarnath Dham commenced on May […]
Sailfin Armoured Catfish
Sailfin Armoured Catfish: Scientists from CSIR-Centre for Cellular and Molecular Biology (CCMB) have discovered that the invasive armoured sailfin catfish has proliferated to 60% of the water bodies in the Eastern Ghats, causing harm to fishing nets and disrupting the ecosystem. The sailfin armoured catfish, a collection of several morphologically similar species belonging to the […]
Global Report On Neglected Tropical Diseases (NTD) Of 2024
Global Report On Neglected Tropical Diseases (NTD) Of 2024: Ahead of the World Health Assembly 77th session, the World Health Organization (WHO) released its Global report on neglected tropical diseases (NTD) of 2024. The report provides an account of the progress made in 2023 towards the implementation of the Road map for neglected tropical diseases […]
National Savings Certificate: Investment
National Savings Certificate: Investment The Prime Minister recently declared Rs 9.12 lakh investment in the National Savings Certificate (NSC) scheme in his nomination filing. National Savings Certificate (NSC) is a fixed-income investment scheme launched by the government of India. It aims at encouraging users, who are primarily low- to mid-income investors, to invest as well […]
