FDI Up To 20% Under The “Automatic Route” In LIC: The Union Cabinet cleared an amendment to the FDI Policy to allow Foreign Direct Investment (FDI) up to 20% under the “automatic route” in Life Insurance Corporation (LIC) ahead of its proposed Initial Public Offer (IPO). The government expects to mobilize Rs 63,000-66,000 crore from […]
Category: Current Affairs
Asian Infrastructure Investment Bank (AIIB)
Asian Infrastructure Investment Bank (AIIB): The Beijing-based Asian Infrastructure Investment Bank (AIIB) said it was putting on hold and reviewing all projects in Russia and Belarus. The move comes amid sweeping sanctions and other financial measures aimed at Russia from a number of countries over its invasion of Ukraine. AIIB is a multilateral development bank […]
Swadesh Darshan Awards 2022
Swadesh Darshan Awards: In order to acknowledge the efforts undertaken by the State Governments, Union Territory Administrations and various implementation agencies, the Ministry of Tourism has constituted Swadesh Darshan Awards in different categories. The awards will highlight best practices in planning, design and operations, efficient project monitoring, ability to attract private investments in peripheral development […]
International Telecommunication Union (ITU)
International Telecommunication Union (ITU): Ashwini Vaishnaw, Union Minister of Communications and Houlin Zhao, Secretary General of International Telecommunication Union (ITU) signed the Host Country Agreement (HCA) for the establishment of an Area Office & Innovation Centre of ITU in New Delhi on 3rd March 2022. International Telecommunication Union is the United Nations specialised agency for […]
Defence Acquisition Procedure (DAP) 2020
Defence Acquisition Procedure (DAP) 2020: Ministry of Defence (MoD) has offered four projects to the Indian Industry for design & development under Make-I category of Defence Acquisition Procedure (DAP) 2020. Make-I category The industry will be provided financial support for prototype development of these projects. The list of projects which were accorded ‘Approval In-Principle (AIP)’ […]
Conventions on War Crimes
War Crimes: Since Russia invaded Ukraine on February 24, its troops have increasingly hit civilian sites with airstrikes and artillery, raising concerns that war crimes are being committed. The International Criminal Court (ICC) in The Hague announced that it would open an investigation into possible war crimes or crimes against humanity in Ukraine. There are […]
SIMBA Software for Asiatic Lion
SIMBA To Give Distinct Identity To Each Asiatic Lion: The Gujarat forest department has developed an Artificial Intelligence (AI)-based photo-identification software, specially designed to distinguish patterns/marks to identify Asiatic lions individually. The software is named SIMBA (Software with Intelligence Marking Based identification of Asiatic lions.) The SIMBA works with a deep machine learning technique that […]
Thermobaric Weapons and Cluster Bomb
Thermobaric Weapons And Cluster Bomb: Russia has resorted to the use of dangerous thermobaric bombs — or vacuum bombs — in Ukraine. Cluster weaponry has been banned by the 2008 Convention on Cluster Munitions; however, neither Ukraine nor Russia were signatories at the convention. Thermobaric weapons are called vacuum bombs as they suck in oxygen […]
What is a Pandemic Treaty?
What Is The Pandemic Treaty? Members of the World Health Organisation (WHO) held the first round of negotiations towards the pandemic treaty on February 24, 2022. The meeting was aimed at agreeing on ways of working and timelines for a “convention, agreement or other international instrument” to prevent further pandemics and to improve the preparedness […]
Biju Swasthya Kalyan Yojana
Biju Swasthya Kalyan Yojana: The Odisha government recently distributed smart health cards to beneficiaries under its flagship Biju Swasthya Kalyan Yojana. Biju Swasthya Kalyan Yojana: Launched on August 15, 2018. Aimed at providing Universal Health coverage, with special emphasis on the health protection of economically vulnerable families. The scheme has two components: One a free […]
