Author: ForumIAS

22nd Meeting of the Financial Stability and Development Council (FSDC)

News:Union Minister for Finance has chaired the 22nd Meeting of the Financial Stability and Development Council(FSDC). Facts: Financial Stability and Development Council(FSDC): It is a non-statutory apex level body setup in 2010 on the recommendations of Raghuram Rajan committee(2008). Objectives: To strengthen and institutionalize the mechanism for maintaining financial stability, enhancing inter-regulatory coordination and promoting… Continue reading 22nd Meeting of the Financial Stability and Development Council (FSDC)

NPCI launches AI virtual assistant PAi

News: National Payment Corporation of India(NPCI) has launched an artificial intelligence(AI) based chatbot named PAi. Facts: Purpose: To create awareness and solve the queries around NPCI’s products like FASTag, RuPay, UPI, AePS on a real time basis which will in turn help in improving the digital financial inclusion in India. Additional Facts: NPCI: It is… Continue reading NPCI launches AI virtual assistant PAi

Aarogya Setu becomes open source: What does it mean?

News:The Government of India has decided to make the Aarogya Setu app an open source to show its commitment towards transparency, privacy and security. It has also launched a programme called Arogya Setu Bug Bounty Programme. Facts: Source code: Software can be divided into two broad categories, Closed Source and Open source Software: Open-source software:… Continue reading Aarogya Setu becomes open source: What does it mean?

Finance minister attends New Development Bank Governors meet

News:Indian Finance Minister attended the Special Board of Governors meet of New Development bank through video conference. Facts: New Development Bank(NDB): It is a multilateral development bank jointly founded by the BRICS countries (Brazil, Russia, India, China and South Africa) at the 6th BRICS Summit in Fortaleza, Brazil in 2014.The Bank formally came into existence… Continue reading Finance minister attends New Development Bank Governors meet

Operation Warp Speed: US hopes for Covid-19 vaccine by end of year

News: The United States has launched a program called Operation Warp Speed. Facts: Operation Warp Speed: It is a public–private partnership initiated by the United States to facilitate and accelerate development, manufacturing, and distribution of COVID-19 vaccines, therapeutics and diagnostics. Bodies Involved: It includes components of the Department of Health and Human Services, Department of… Continue reading Operation Warp Speed: US hopes for Covid-19 vaccine by end of year

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