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Prompt Corrective Action Framework : RBI

Prompt Corrective Action Framework : RBI The Reserve Bank of India (RBI) has introduced a Prompt Corrective Action (PCA) framework for Urban Cooperative Banks (UCBs). This framework aims to enable timely supervisory intervention and ensure UCBs implement necessary remedial measures to restore their financial health. It replaces the existing Supervisory Action Framework (SAF) last revised […]

Mekedatu Project : Karnataka Govt

Mekedatu Project : Karnataka Govt Karnataka Chief Minister(CM) has highlighted the Mekedatu balancing reservoir project as a key solution to address water-sharing issues with Tamil Nadu during monsoon distress years, asserting that the project would benefit both states, particularly in times of water scarcity. The Mekedatu multi-purpose project aims to build a balancing reservoir near […]

Discovery Of Dark Oxygen

Discovery Of Dark Oxygen: Scientists reported an unknown process is producing oxygen deep in the world’s oceans, where photosynthesis can’t occur due to the lack of sunlight. This discovery is significant because oxygen supports marine life and suggests that there may be previously unknown ecosystems. Scientists observed an unexpected increase in oxygen concentration in some […]