Amendments To The Mines And Minerals (Development and Regulation) Act: The Union Cabinet has approved amendments to the Second Schedule of the Mines and Minerals (Development and Regulation) Act, 1957 for specifying the rate of royalty in respect of Glauconite, Potash, Emerald, Platinum Group of Metals (PGM), Andalusite, Sillimanite and Molybdenum. The approval would ensure […]
Category: Current Affairs
RBI Conducted A $5 Billion Dollar-Rupee Swap
RBI Conducted A $ 5 Billion Dollar-Rupee Swap: The Reserve Bank of India (RBI) conducted a $ 5 billion dollar-rupee swap auction as part of its liquidity management initiative, leading to infusion of dollars and sucking out of the rupee from the financial system. The RBI sold $5.135 billion to banks on March 8 and […]
What Is Ukrainian Foreign Legion?
What Is Ukrainian Foreign Legion? Over 500 Indians from across the country, including some veterans, have submitted applications volunteering to join the International Legion created to fight Russian forces in Ukraine, diplomatic sources said The International Legion of Territorial Defense of Ukraine is also known as the Ukrainian Foreign Legion. It is a volunteer foreign […]
Motor Vehicles Agreement (MVA)
Motor Vehicles Agreement (MVA): With Bhutan continuing to sit out the Motor Vehicles Agreement (MVA) of the sub-regional Bangladesh-Bhutan-India-Nepal (BBIN) grouping, a meeting of the other three countries was held to discuss the next steps in operationalising the agreement for the free flow of goods and people between them. The original BBIN MVA was signed […]
PARAM Ganga: A Supercomputer
PARAM Ganga: A Supercomputer The National Supercomputing Mission (NSM) has deployed “PARAM Ganga”, a supercomputer at IIT Roorkee, with a supercomputing capacity of 1.66 Petaflops. The system is designed and commissioned by C-DAC under Phase 2 of the build approach of the NSM. The National Supercomputing Mission (NSM) is being steered jointly by Ministry of […]
Temporary Protection Directive (TPD)
Temporary Protection Directive (TPD): Over 1.5 million people fled Ukraine in the first 10 days of fighting, according to the United Nations High Commissioner for Refugees, which has described the displacement as the “fastest growing refugee crisis since the Second World War”. Responding to the crisis, EU Member States on March 3 made the unprecedented […]
Start-Up Village Entrepreneurship Programme
Start-Up Village Entrepreneurship Programme: The National Institute of Entrepreneurship and Small Business Development (NIESBUD has signed a Memorandum of Understanding (MoU) with the Ministry of Rural Development (MoRD) to develop a sustainable model for promoting entrepreneurship at the grass roots by initiating the Start-up Village Entrepreneurship Programme (SVEP). Rural entrepreneurs will be able to access […]
e-Bill Processing System: Key Points
e-Bill Processing System: Key Points The Finance Minister launched the E-bill Processing system on the occasion of 46th Civil Accounts Day (1st March). It was announced in the Union Budget 2022 to use the technology for facilitating the financial inclusion drive in India. The “Civil Accounts Day” is observed every year to mark the anniversary […]
Distribution Of Argon-40 On Moon
Distribution Of Argon-40 On Moon: Chandra’s Atmospheric Composition Explorer-2 (CHACE-2), a payload onboard Chandrayaan-2, has made the first-of-its-kind discovery on the distribution of one of the noble gases, Argon-40. India launched Chandrayaan-2, its second lunar exploration mission after Chandrayaan-1, from Satish Dhawan Space Centre, Sriharikota in July 2019. The gas found in the lunar exosphere […]
Swatantrata Sainik Samman Yojana
Swatantrata Sainik Samman Yojana: The Centre has approved the continuation of the Swatantrata Sainik Samman Yojana (SSSY), under which freedom fighters and their eligible dependents are given pension and other financial benefits, till 2025-26. The Government of India introduced the ‘Ex-Andaman Political Prisoners Pension Scheme’ in 1969 to honor the freedom fighters who had been […]
