Russian Banks Excluded From SWIFT: In a move to counter Russia’s war over Ukraine, the US and the European Commission issued a joint statement to exclude some Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system. The intention behind this action is to further isolate Russia from the international financial system. […]
Category: Current Affairs
Armed Forces Preparatory School
Armed Forces Preparatory School: The Armed Forces Preparatory School is part of the projects announced by the Delhi government in its 2021 ‘Deshbhakti Budget’. Aim: In helping students prepare for entry into the National Defence Academy and other services. It will be the first fully residential school set up by the Delhi government. Eligibility: The […]
Scheduled Tribes And Other Traditional Forest Dwellers (Recognition of Rights Act)
The ‘Scheduled Tribes And Other Traditional Forest Dwellers (Recognition of Rights Act)’: The Himachal Pradesh government has said that it settled 164 claims filed under Section 3(1) and 1,811 cases filed under Section 3(2) of the Forests Rights Act (FRA), 2006. The Act passed in 2006 grants legal recognition to the rights of traditional forest […]
NATO Membership
NATO Membership: Finland and Sweden have dismissed Russia’s warnings that their potential NATO membership would have “serious military-political consequences” for the two countries. Russia has put forth two draft agreements that seek explicit, legally binding security guarantees from the United States and NATO, respectively: The draft calls for NATO to end its eastward expansion, […]
Bhakra Beas Management Board (BBMB)
Bhakra Beas Management Board (BBMB): The Union Power Ministry has made an amendment to the rules governing the appointment of Member Power and Member Irrigation on Bhakra Beas Management Board (BBMB) from Punjab and Haryana, respectively, thereby removing the stipulation that these two appointments need to be filled from the two states only. Posts of […]
Change in India’s FDI Policy for IPO of LIC
Changes To India’s Foreign Direct Investment Policy: The Union Cabinet approved changes to India’s foreign direct investment (FDI) policy to allow global investors to participate in the initial public offering of Life Insurance Corporation of India (LIC) shares expected to be launched soon. Foreign investors will now be able to invest up to 20% […]
Coal E-Auction
Coal E-Auction: Union Cabinet has approved offering of coal by coal companies through a common e-auction window instead of sector specific auctions. The Cabinet Committee on Economic Affairs approved the following: Offering of all the non-linkage coal by coal companies through one e-auction window of CIL (CIL) / Singareni Collieries Company Limited (SCCL). This […]
Ayushman Bharat Digital Mission (ABDM)
Ayushman Bharat Digital Mission (ABDM): The Union Cabinet has approved the national roll-out of Central Sector Scheme, Ayushman Bharat Digital Mission (ABDM) of Ministry of Health and Family Welfare, Government of India, with a budget of Rs.1,600 crore for five years. The National Health Authority (NHA) will be the implementing agency of Ayushman Bharat […]
Exercise MILAN 2022
Exercise MILAN 2022: The Indian Navy’s multilateral Exercise MILAN 2022 is scheduled to commence from 25th Feb 2022 in the ‘City of Destiny’, Visakhapatnam. 2020 edition of MILAN was postponed to 2022 due to Covid-19. MILAN 22 will witness its largest ever participation, with more than 40 countries sending their warships/ high level delegations. […]
Council Of Europe: Important Points
Council Of Europe: Russia’s membership in the Council of Europe has been suspended after its invasion of Ukraine. Russia has launched a full-blown attack on Ukraine, with Russian forces entering the Obolon district, which is less than 10 km away from Central Kyiv – the government’s seat of power. India abstained on a US-sponsored […]
