What is the News? Niti Aayog has released the Draft Battery Swapping Policy. What is battery swapping? Battery swapping is a mechanism that involves exchanging discharged batteries for charged ones. Battery swapping offers three key advantages relative to charging: It is time, space, and cost-efficient provided each swappable battery is actively used. What is the… Continue reading NITI Aayog Releases Draft Battery Swapping Policy for Stakeholder Comments
Author: Abdul
India Post Payments Bank launches ‘Fincluvation’
What is the News? India Post Payments Bank(IPPB) has announced the launch of Fincluvation. What is Fincluvation? Fincluvation is a joint initiative to collaborate with the Fintech Startup community to co-create and innovate solutions for financial inclusion. Launched by: India Post Payments Bank(IPPB) and Department of Post(DoP). Tracks: Under the initiative, startups are encouraged to… Continue reading India Post Payments Bank launches ‘Fincluvation’
Explained: What are Digital Banking Units, and what services will they provide?
What is the News? The Finance Minister has reiterated her Budget announcement on setting up 75 digital banking units in 75 districts of the country this year. What are Digital Banking Units(DBU)? DBU is a specialized business unit of a bank that houses certain minimum digital banking products and services. A bank can offer specialized… Continue reading Explained: What are Digital Banking Units, and what services will they provide?
Scientists discover new eel species from Kerala, Bengal
What is the News? A group of Indian scientists have discovered a new species of eel named “Ariosoma indicum” from the Kalamukku and Digha Mohana fishing harbours in Kerala and West Bengal respectively. What is Ariosoma indicum? Ariosoma Indicum is an eel species that belongs to the Congrid eels group. The term Indicum means that… Continue reading Scientists discover new eel species from Kerala, Bengal
LAUNCH OF SIXTH SCORPENE SUBMARINE ‘VAGSHEER’ AT MAZAGON DOCK LIMITED (MDL)
What is the News? The Defence Secretary has launched INS Vagsheer. It is the last of the Scorpene-class submarines made under Project 75 and can join the Navy fleet within 12-18 months after sea trials. What is INS Vagsheer? INS Vagsheer is the sixth submarine of Project 75 of the Indian Navy. Manufactured by: Mazagon… Continue reading LAUNCH OF SIXTH SCORPENE SUBMARINE ‘VAGSHEER’ AT MAZAGON DOCK LIMITED (MDL)
Central Government amends Nidhi Rules, 2014 to safeguard the interest of general public
What is the News? The government of India has released the Nidhi (amendment) Rules, 2022. This amendment brings changes to the Nidhi Rules,2014 to safeguard the interest of the general public. What are Nidhi Companies? Nidhi companies are a type of non-bank lenders that raise funds exclusively from their members and give loans to them… Continue reading Central Government amends Nidhi Rules, 2014 to safeguard the interest of general public
Explained: Life and legend of Guru Tegh Bahadur, who stood up to the Mughals
What is the News? The Prime Minister will participate in the celebrations of the 400th Parkash Purab of Sri Guru Tegh Bahadur Ji at Red Fort in New Delhi. Who was Guru Tegh Bahadur? Born in: Amritsar in 1621 to Mata Nanki and Guru Hargobind, the sixth Sikh guru. He was the ninth of ten… Continue reading Explained: Life and legend of Guru Tegh Bahadur, who stood up to the Mughals
Sea may inundate many cities by 2050
What is the News? According to a study conducted by a consulting firm RMSI, a significant number of population, property and infrastructure in parts of Chennai, Kochi, Visakhapatnam, Mangaluru, Thiruvananthapuram and Mumbai will be underwater due to rising sea levels by the year 2050. What is the study about? A study was conducted by RMSI,… Continue reading Sea may inundate many cities by 2050
Explained: Smart city’s nerve centre
What is the News? The Union Housing and Urban Affairs Minister has announced that 80 Integrated Command and Control Centres(ICCCs) have already been set up while the remaining 20 will be completed by August 15, 2022. What is an Integrated Command and Control Centre(ICCCs)? ICCCs are an integral component of the Smart Cities Mission. The… Continue reading Explained: Smart city’s nerve centre
Extreme poverty dipped in India: World Bank report
What is the News? The World Bank has published the paper titled ‘Poverty has Declined over the Last Decade But Not As Much As Previously Thought’. What are the key findings of the report? Decline in Extreme Poverty: Extreme poverty in India declined by 12.3 percentage points between 2011 and 2019. It decreased from 22.5%… Continue reading Extreme poverty dipped in India: World Bank report
