RBI creates Payment Infrastructure Development Fund

News: Reserve Bank of India(RBI) has created a Payment Infrastructure Development Fund of Rs 500 crores. Facts: Aim: To encourage the deployment of Points of Sale(PoS) infrastructure both physical and digital modes in smaller cities, towns and north eastern states. Contribution: RBI will make an initial contribution of Rs 250 crore to the fund. The… Continue reading RBI creates Payment Infrastructure Development Fund

Power Minister launches the ‘#iCommit’ initiative on World Environment Day

News: Union Power minister has launched the ‘#iCommit’ campaign on the occasion of World Environment Day. Facts: Aim: To call upon all stakeholders and individuals to continue moving towards energy efficiency, renewable energy and sustainability to create a robust and resilient energy system for India in the future. Nodal agency: It will be implemented by… Continue reading Power Minister launches the ‘#iCommit’ initiative on World Environment Day

Ambarnaya River Oil spill in Russia

News: Russian President has declared a state of emergency after 20,000 tonnes of diesel oil spilled into Ambarnaya river turning its surface crimson red. Facts: Ambarnaya River: It is a shallow river in Siberia, Russia which flows into Lake Pyasino, the source of Pyasina River. The river is also part of a network that flows… Continue reading Ambarnaya River Oil spill in Russia

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