Author: ForumIAS

Money in Swiss banks: India at 77th place accounts for 0.06% of all foreign funds

News: Swiss National Bank has released the analysis of the latest annual banking statistics. Facts: Key Takeaways: Top Countries: UK was ranked first as it accounted for close to 27% of the total foreign funds parked with Swiss banks at the end of 2019. The UK was followed by the US, West Indies, France and… Continue reading Money in Swiss banks: India at 77th place accounts for 0.06% of all foreign funds

Cabinet approves 2% interest subvention for Shishu-Mudra loans

News: Government has approved a 2% interest subsidy for Shishu loan account holders under the Pradhan Mantri Mudra Yojana(PMMY) for a period of 12 months to eligible borrowers. Facts: Pradhan Mantri MUDRA Yojana(PMMY): It was launched by the Prime Minister in 2015. Aim: To provide loans up to 10 lakh to the non-corporate, non-farm small/micro… Continue reading Cabinet approves 2% interest subvention for Shishu-Mudra loans

NITI Aayog Launches Behaviour Change Campaign

News: NITI Aayog has launched a behaviour change campaign called ‘Navigating the New Normal’. Facts: The campaign has been launched in partnership with Bill and Melinda Gates Foundation(BMGF), Centre for Social and Behavioural Change (CSBC), Ashoka University and the Ministries of Health and Women and child development. Aim: To develop an appropriate COVID safe behavior… Continue reading NITI Aayog Launches Behaviour Change Campaign

IITM, German institute collaborating to develop green energy solutions

News: Researchers from IIT Madras are collaborating with their counterparts in Germany to develop new materials for green energy solutions.The project has been taken up under the Scheme for Promotion of academic and Research Collaboration(SPARC). Facts: SPARC Scheme: It is an initiative of the Ministry of Human Resource Development (MHRD). Aim: To improve the research… Continue reading IITM, German institute collaborating to develop green energy solutions

World Drug Report 2020

News: United Nations Office of Drugs and Crimes(UNODC) has released the World Drug Report 2020 on the occasion of International Day Against Drug Abuse and Illicit Trafficking. Facts: United Nations Office on Drugs and Crime(UNODC): It was established in 1997 through a merger between the United Nations Drug Control Programme and the Centre for International… Continue reading World Drug Report 2020

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