Central Bank Digital Currency (CBDC): The Reserve Bank of India (RBI) is in the process of implementing the Central Bank Digital Currency (CBDC) in a phased manner for wholesale and retail segments, an official said. The introduction of CBDC was announced in the Union Budget 2022-23, by Finance Minister Nirmala Sitharaman and necessary amendments to […]
Tag: 21st Jul 2022
Swavlamban : NIIO
Swavlamban: Swavlamban’, the maiden seminar of the Naval Innovation and Indigenisation Organisation (NIIO), was held at New Delhi The two day seminar saw enthusiastic participation by the academia, industry, policy makers, think tanks, students and senior government officials, in addition to the naval personnel. Personnel at Command Headquarters and outlying units of the Navy also […]
US Inflation Hit a Record High Of 9.1% In June 2022
US Inflation Hit a Record High Of 9.1% In June 2022: US Inflation hit a record high of 9.1% in June 2022, the highest in 40 years. US observers have argued that the US central bank will not be able to achieve a soft landing for the economy if the yield curve inverts. Start of […]
Amendment Of Environment Impact Assessment Rules
Amendment Of Environment Impact Assessment Rules: The Ministry of Environment, Forests and Climate Change has notified amendment to the Environment Impact Assessment (EIA) Rules Changes: Any project which is 100 km from the Line of Control, among other locations, will be exempted from an environmental clearance before construction. It will do away with the need […]
NITI Aayog Releases Report On Digital Banks
NITI Aayog Releases Report On Digital Banks: NITI Aayog’s report makes a case and offers a template and roadmap for a licensing and regulatory regime for digital banks. It focuses on avoiding any regulatory or policy arbitrage and offers a level playing field to incumbents as well as competitors. The report recommends a carefully calibrated […]
Reintroduction Of Cheetahs
Reintroduction Of Cheetahs: India and Namibia signed a memorandum of understanding (MoU) for reintroduction of cheetahs into the historical range in India. First batch of eight cheetahs comprising four male and as many female cheetahs are expected to arrive in India before Independence Day. The cheetahs will be released in Kuno National Park, Madhya Pradesh. […]
SPRINT Challenges
SPRINT Challenges: PM unveiled ‘SPRINT challenges’, an initiative aimed at boosting the usage of indigenous technology in the Indian Navy. Naval Innovation and Indigenisation Organisation (NIIO) in cooperation with the Defence Innovation Organisation (DIO), aims to induct at least 75 new indigenous technologies/products into the Indian Navy. The collaborative project is named SPRINT — Supporting […]
INS Sindhudhvaj
INS Sindhudhvaj: The Indian Navy decommissioned its Kilo class Submarine, INS Sindhudhvaj from its service at Vishakapatnam after 35 years of service. With its decommissioned Navy has left with only 15 conventional submarines in service It was commissioned into the Indian Navy in June 1987. It was one of the 10 Kilo-class submarines, India acquired […]
Green Pit Vipers
Green Pit Vipers: On World Snake Day (16th July, 2022), there was consensus for developing effective antivenom against the venom of the Green Pit Viper. Green pit viper is not more lethal than Russell’s viper, but the hemotoxic venom it injects prevents the blood in the body from clotting resulting in internal bleeding. Moreover, the […]
Pythagoras’s Theorem As “Fake News” : NEP
Pythagoras’s Theorem As “Fake News” : NEP A position paper by the Karnataka government on the National Education Policy (NEP) 2020 has described Pythagoras’s theorem as “fake news”. It has referred to a text called the Baudhayana Sulbasutra, in which a specific shloka refers to the theorem. About Pythagoras: Evidence suggests that the Greek philosopher […]
