News: Recently, Reserve Bank of India (RBI) has permitted the Prepaid Payment Instrument holders to make and receive UPI payments through the third-party mobile application. About Prepaid Payment Instruments (PPIs) They are financial tools that help facilitate the purchase of goods and services, including financial services, remittances and fund transfer, among others, against the value stored… Continue reading Prepaid Payment Instruments
Author: Yash Dagar
Biodiversity Credit Explaination
News: A study published in the journal ‘Proceedings of the Royal Society B’ highlights major uncertainties in the functioning of the biodiversity credit markets. Biodiversity Credit Explaination About Biodiversity Credit Definition: World Economic Forum defines Biodiversity Credits as verifiable, quantifiable and tradeable financial instrument that rewards positive nature and biodiversity outcomes through the creation and… Continue reading Biodiversity Credit Explaination
National Rainfed Area Authority
News: The National Rainfed Area Authority, in collaboration with other agencies, organised a workshop to stimulate discussions and policy discourse on rainfed areas. About National Rainfed Area Authority It was established in 2006 as an expert body to provide knowledge input regarding systemic upgradation and management of the country’s dry land and rainfed agriculture. Mission:… Continue reading National Rainfed Area Authority
RBI’s Committee for ethical use of AI in financial sector
News: The Reserve Bank of India has set up a committee to develop a Framework for Responsible and Ethical enactment of Artificial Intelligence (FREE-AI) in the financial sector. About the Committee Members: The committee comprises of 8 members and is headed by Dr Pushpak Bhattacharyya. Objectives: To assess the current level of adoption of… Continue reading RBI’s Committee for ethical use of AI in financial sector
Annual Survey of Unincorporated Sector Enterprises 2023-24
News: National Statistics Office, Ministry of Statistics and Programme Implementation (MoSPI) has released the Annual Survey of Unincorporated Sector Enterprises for 2023-24 for the reference period October 2023- September 2024. About ASUSE 2023-24 Primary Objective: To evaluate various economic and operational characteristics of unincorporated non-agricultural establishments. Geographical Coverage: Covers the rural and urban areas of… Continue reading Annual Survey of Unincorporated Sector Enterprises 2023-24
1924 Belagavi Session of Indian National Congress
News: The 100th Anniversary of the historic 1924 Belagavi Session is being celebrated in Belagavi, Karnataka. About the Belagavi Session It was the 39th session of the INC which took place on December 26-27, 1924, in Belagavi, Karnataka. The session was presided over by Mahatma Gandhi, marking the only time he served as the Congress… Continue reading 1924 Belagavi Session of Indian National Congress
Key facts about Brahmaputra River
News: China has approved the construction of world’s largest dam, costing US$ 137 billion, on the Brahmaputra River in Tibet close to the Indian border. About Brahmaputra River It is a transboundary river in India, originating from the Chemayungdung glacier of the Kailash range near the Mansarovar lake. Course From its source, it travels eastwards… Continue reading Key facts about Brahmaputra River
United Nations Disengagement Observation Force
News: UN Secretary General paid tributes to Brigadier General Amitabh Jha of India, who died serving as the Deputy Force Commander of the United Nations Disengagement Observation Force (UNDOF) in Golan Heights. About UNDOF It was established in 1974 by the United Nations Security Council following the Disengagement of Forces Agreement between Israel and… Continue reading United Nations Disengagement Observation Force
Free Movement Regime
News: In February 2024, the Union Home Ministry had announced the suspension of the Free Movement Regime (FMR) along the Myanmar border. However, the formal notification ending the FMR is yet to be issued. In the meanwhile, new guidelines have been issued to regulate the movement of people along the international border. About Free Movement… Continue reading Free Movement Regime
Kilauea Volcano
News: Kilauea, one of the most active volcanoes in the world, started erupting again. About Kilauea Volcano Location: Situated on the southeastern part of the Hawaii’s Big Island, as a part of Hawaii Volcanoes National Park Volcano Type: It is an active shield volcano, formed by the eruption of highly fluid lava. Features: Kilauea has… Continue reading Kilauea Volcano
