What is the News? The Union Minister for MSME has launched the Special Credit Linked Capital Subsidy Scheme (SCLCSS) for the services sector. What is Special Credit Linked Capital Subsidy Scheme (SCLCSS) for the services sector? The scheme aims to help in meeting the technology related requirements of enterprises in the services sector. Under the… Continue reading Union Minister for MSME launched Special Credit Linked Capital Subsidy Scheme (SCLCSS) for Services Sector
Author: Abdul
DRI seizes of 85.535 kg gold, apprehends 4 foreign nationals in Operation “Molten Metal”
What is the News? The Directorate of Revenue Intelligence (DRI) recently conducted an Operation code-named “Molten Metal”. What was the aim of Operation Molten Metal? Operation Molten Metal was launched to nab several Indian and foreign nationals suspected to be indulging in smuggling gold into India from Hong Kong using the air cargo route. What… Continue reading DRI seizes of 85.535 kg gold, apprehends 4 foreign nationals in Operation “Molten Metal”
PM inaugurates the first Global Innovation Summit of the Pharmaceuticals sector
What is the News? The Prime Minister has inaugurated the first Global Innovation Summit of the Pharmaceuticals sector. About Global Innovation Summit of the Pharmaceuticals Sector Organized by: Indian Pharmaceutical Association. Aim: To bring together key Indian and international stakeholders from the government, industry, academia, investors, and researchers to foster a thriving innovation ecosystem in… Continue reading PM inaugurates the first Global Innovation Summit of the Pharmaceuticals sector
One-day Conference on PESA organised on completion of 25 years of the Act
What is the News? Union Minister of Tribal Affairs inaugurated the one-day National Conference on provisions of the Panchayats Extension to Scheduled Areas (PESA) Act 1996 (PESA). What is the PESA Act? The Provisions of the Panchayats (Extension to the Scheduled Areas) Act,1996 (PESA) is an important and key legislation to empower the tribal communities. … Continue reading One-day Conference on PESA organised on completion of 25 years of the Act
Sexual intent, not skin-to-skin contact, key: SC
What is the News? The Supreme Court of India has set aside the controversial judgment of the Bombay HC which held that ‘skin-to-skin’ contact is necessary for the offence of sexual assault under the Protection of Children from Sexual Offences(POCSO) Act. Background The Bombay High Court in Satish v State of Maharashtra had acquitted a… Continue reading Sexual intent, not skin-to-skin contact, key: SC
‘Tight oil’: What is shale and its potential in India
What is the News? Cairn Oil & Gas has announced that it is partnering with US-based Halliburton to start shale exploration in the Lower Barmer Hill formation, Western Rajasthan. What is Shale Oil? Shale oil is an unconventional oil produced from oil shale rock fragments. How does Shale Oil differ from conventional crude oil? The… Continue reading ‘Tight oil’: What is shale and its potential in India
Prime Minister to Formally Handover DRDO Designed and Developed Advanced Electronic Warfare Suite ‘Shakti’ for Indian Naval Ships to Chief of Naval Staff
What is the News? The Prime Minister will formally hand over the advanced electronic warfare system ‘Shakti’ to the Chief of Naval Staff at a ceremony in Jhansi. What is Shakti? Shakti is an advanced electronic warfare(EW) system developed for the Indian Navy. Designed and Developed by: Defence Electronics Research Laboratory in Hyderabad, which is… Continue reading Prime Minister to Formally Handover DRDO Designed and Developed Advanced Electronic Warfare Suite ‘Shakti’ for Indian Naval Ships to Chief of Naval Staff
India, world’s largest recipient of remittances, received $87 billion in 2021: World Bank
What is the News? The World Bank has released its Migration and Development Brief Report. What are the key findings of the report? India is the world’s largest recipient of remittances. It received $87 billion in 2021. India had received over $83 billion in remittances in 2020. Reasons for the increase in Remittances: 1) Migrants… Continue reading India, world’s largest recipient of remittances, received $87 billion in 2021: World Bank
Second Chinese village along Arunachal border: Satellite images
What is the News? According to reports, China has constructed a second village along the disputed border in Arunachal Pradesh. However, the Indian Army has said that the location of this enclave was north of the Line of Actual Control(LAC) in Chinese-held territory. Moreover, this strategy of construction of villages shows China’s salami-slicing tactics to… Continue reading Second Chinese village along Arunachal border: Satellite images
RBI working group warns on digital lending by big tech players
What is the News? A working group set up by the Reserve Bank of India (RBI) has proposed stricter norms for digital lenders. Background RBI had constituted the working group on digital lending including lending through online platforms and mobile apps under the chairmanship of Jayant Kumar Dash, Executive Director, RBI. The working group was… Continue reading RBI working group warns on digital lending by big tech players
