Year: 2020

22nd Meeting of the Financial Stability and Development Council (FSDC)

News:Union Minister for Finance has chaired the 22nd Meeting of the Financial Stability and Development Council(FSDC). Facts: Financial Stability and Development Council(FSDC): It is a non-statutory apex level body setup in 2010 on the recommendations of Raghuram Rajan committee(2008). Objectives: To strengthen and institutionalize the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting… Continue reading 22nd Meeting of the Financial Stability and Development Council (FSDC)

World Dugong Day 2020: Marine mammal fighting for survival in Indian waters

News: On World Dugong Day, experts have said that dugong could one day become extinct in Indian waters unless conserved. Facts: Dugongs commonly called sea cow is an herbivorous marine mammal found throughout the warm latitudes of the Indian and western Pacific Oceans. They are largely dependent on seagrass communities for subsistence and are thus… Continue reading World Dugong Day 2020: Marine mammal fighting for survival in Indian waters

NPCI launches AI virtual assistant PAi

News: National Payment Corporation of India(NPCI) has launched an artificial intelligence(AI) based chatbot named PAi. Facts: Purpose: To create awareness and solve the queries around NPCI’s products like FASTag, RuPay, UPI, AePS on a real time basis which will in turn help in improving the digital financial inclusion in India. Additional Facts: NPCI: It is… Continue reading NPCI launches AI virtual assistant PAi

Aarogya Setu becomes open source: What does it mean?

News:The Government of India has decided to make the Aarogya Setu app an open source to show its commitment towards transparency, privacy and security. It has also launched a programme called Arogya Setu Bug Bounty Programme. Facts: Source code: Software can be divided into two broad categories, Closed Source and Open source Software: Open-source software:… Continue reading Aarogya Setu becomes open source: What does it mean?

Invasive mussel spreads in backwaters

News: Charru mussel (Mytella strigata), an invasive species is spreading in the backwaters of Kerala. Facts: Charru mussel(Mytella strigata): It is an invasive species native to the South and Central Americas. It spreads primarily through the discharge of ballast waters of ships (seawater carried in the ballast tanks of ships to improve its stability and… Continue reading Invasive mussel spreads in backwaters

One Of World’s Most Elusive Cats Filmed For The First Time In A Decade

News: Naturalists have filmed a Saharan cheetah for the first time in a decade in Hoggar Mountains national park in Algeria. Facts: Saharan cheetah or Northwest African cheetah is a subspecies of Cheetah endemic to Sahara and the Sahel regions of Africa. Difference: It is different from other Cheetah species because of its shorter coat… Continue reading One Of World’s Most Elusive Cats Filmed For The First Time In A Decade

Finance minister attends New Development Bank Governors meet

News:Indian Finance Minister attended the Special Board of Governors meet of New Development bank through video conference. Facts: New Development Bank(NDB): It is a multilateral development bank jointly founded by the BRICS countries (Brazil, Russia, India, China and South Africa) at the 6th BRICS Summit in Fortaleza, Brazil in 2014.The Bank formally came into existence… Continue reading Finance minister attends New Development Bank Governors meet

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