News: The Insurance Regulatory and Development Authority of India (IRDAI) chairman recently reiterated that the IRDAI’s ambitious project, Bima Sugam, will transform the insurance sector. About Bima Sugam 1. It is an online insurance marketplace (similar to an e-commerce platform) for purchasing, selling, servicing insurance policies, and settling claims. 2. It will be a plug-and-play… Continue reading Bima Sugam
Author: sumeet kumar
National Small Savings Fund (NSSF)
News: The Delhi government has submitted a proposal to the Union Finance Ministry to borrow Rs 10,000 crore from the National Small Savings Fund (NSSF). About National Small Savings Fund (NSSF) 1. NSSF is a fund that collects money from various small savings schemes. 2. It was established in 1999 within the Public Account of… Continue reading National Small Savings Fund (NSSF)
Alternative investment funds (AIFs)
News: According to SEBI’s latest data, Alternative Investment Funds (AIFs) have raised over ₹5 trillion. Investment commitments have also surpassed ₹12 trillion for the first time. About Alternative investment funds (AIFs) 1. An AIF is a fund established or incorporated in India that serves as a privately pooled investment vehicle. These investment vehicles adhere to… Continue reading Alternative investment funds (AIFs)
SC rejects ballot paper plea
News: The Supreme Court dismissed a Public Interest Litigation (PIL) that called for the reinstatement of ballot papers instead of Electronic Voting Machines (EVMs). About Electronic Voting Machine (EVM) 1. It is a device used to electronically record, and count votes cast in elections. 2. They were first used in the Paravur Assembly Constituency of… Continue reading SC rejects ballot paper plea
The Places of Worship Act, 1991
News: The petition in Sambhal’s Jama Masjid aims to alter the religious nature of a place of worship, which is prohibited by the Places of Worship Act, 1991. About the Places of Worship Act, 1991 1. The Act aims to prevent the conversion of any place of worship and ensure the preservation of its religious… Continue reading The Places of Worship Act, 1991
PAN 2.0 Project
News: The Cabinet Committee on Economic Affairs (CCEA) has given its approval for the PAN 2.0 Project of the Income Tax Department. About PAN 2.0 Project 1. It is an e-Governance project aimed at improving taxpayer registration services by using technology to transform PAN/TAN services. Permanent Account Number (PAN): A 10-digit alphanumeric ID issued by… Continue reading PAN 2.0 Project
Bioplastic
News: Balrampur Chini Mills, one of India’s largest integrated sugar companies, has announced a ₹2,000 crore investment to establish the country’s first bioplastics factory. About Bioplastic 1. Bioplastics are plastics made from plant-based materials such as corn, wheat, sugarcane, or other biological sources instead of petroleum. 2. These materials are biodegradable and compostable. Biodegradable plastics… Continue reading Bioplastic
Thai Sacbrood Virus in Bees
Source-This post on Thai Sacbrood Virus in Bees is based on the article “New infectious diseases among bees threaten world’s economies” published in “The Hindu” on 18th November 2024. Why in the News? Research has shown that pathogen spillover and spillback from managed honey bees to wild pollinators is a significant threat. They also unknowingly… Continue reading Thai Sacbrood Virus in Bees
Andaman and Nicobar Islands to become Tuna Export Hub
Source-This post on Andaman and Nicobar Islands to become Tuna Export Hub is based on the article “Centre aims to make Andaman and Nicobar Islands a tuna export hub” published in “The Hindu” on 17th November 2024. Why in the News? India plans to make the Andaman and Nicobar Islands a tuna export hub. Earlier, the… Continue reading Andaman and Nicobar Islands to become Tuna Export Hub
India’s first ‘Long-Range Hypersonic Missile’
Source-This post on India’s first ‘Long-Range Hypersonic Missile‘ is based on the article “DRDO carries out successful flight-trial of India’s first long-range hypersonic missile off the Odisha coast” published in “PIB” on 17th November 2024. Why in the News? India successfully tested its first long-range hypersonic missile, marking a significant milestone in defense technology. This… Continue reading India’s first ‘Long-Range Hypersonic Missile’
