Financial Management Index for Rural Development Programmes

News: The Union Minister of Rural Development has released the “Financial Management Index for Rural Development Programmes”. Facts: Aim: To rank states on efficient management of financial resources allocated for implementing rural development programmes. Parameters: The index will rank the States on the basis of following parameters: Preparation of annual plan and projecting the requirement… Continue reading Financial Management Index for Rural Development Programmes

RBI signs $400 mn currency swap with Sri Lanka

News: The Reserve Bank of India(RBI) has signed a $400-million currency swap facility with Sri Lanka under the SAARC Currency Swap Framework 2019-22. Facts: Currency Swap: The term Swap means exchange.Under this, a country provides dollars to a foreign central bank which at the same time provides the equivalent funds in its currency to the… Continue reading RBI signs $400 mn currency swap with Sri Lanka

India’s first trans-shipment hub – Vallarpadam Terminal

News: Minister of State for Shipping has reviewed the development activities of India’s first trans-shipment hub – Vallarpadam Terminal. Facts: Vallarpadam Terminal: It is a part of the Cochin Port in Kochi, Kerala located on Vallarpadam Island. The terminal is proposed to be developed as the most preferred gateway for South India and leading trans-shipment… Continue reading India’s first trans-shipment hub – Vallarpadam Terminal

Digital Indo-Italian Business Mission on Food Processing

News: Union Minister for Food Processing Industries has addressed the opening session of Digital Indo- Italian Business Mission on Food Processing. Facts: Digital Indo- Italian Business Mission on Food Processing: It was organized by India, CII in association with the Italian Trade Agency(ITA) to promote innovations and partnerships in food processing technologies between India and… Continue reading Digital Indo-Italian Business Mission on Food Processing

Sun like stars hold key for Li increase in the Universe

News: Scientists from the Indian Institute of Astrophysics(IIA) have provided evidence for the first time that Lithium(Li) production is common among low mass Sun-like stars during their Helium (He) core burning phase. Facts: About the Study: Scientists performed a large-scale systematic investigation of the ‘He-flash’ (on-set of He-ignition at the star’s core via violent eruption)… Continue reading Sun like stars hold key for Li increase in the Universe

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