1,600 new tech start-ups and 12 unicorns in 2020: Nasscom’s Indian Tech Start-up Ecosystem report

News: National Association of Software and Services Companies (Nasscom) has released the annual start-up report ‘Indian Tech Start-up Ecosystem – On the March to Trillion Dollar Digital Economy’. Facts: Key Takeaways from the Report: Source: NASSCOM Report India has added 1,600 new tech start-ups and a record 12 unicorns in 2020 (the highest ever added in… Continue reading 1,600 new tech start-ups and 12 unicorns in 2020: Nasscom’s Indian Tech Start-up Ecosystem report

World Bank’s Global Economic Prospects Report predicts contraction of Indian economy

News: The World Bank has released the Global Economic Prospects report. Facts: Global Economic Prospects Report: It is a World Bank Group flagship report that examines global economic developments and prospects, with a special focus on emerging markets and developing economies. It is issued twice a year, in January and June. Key Takeaways from the… Continue reading World Bank’s Global Economic Prospects Report predicts contraction of Indian economy

Pravasi Bharatiya Divas Convention 2021

News: Prime Minister will inaugurate the Pravasi Bharatiya Divas Convention to be held in virtual format on January 9 with Suriname President Chandrikapersad Santokhi as the chief guest. Facts: Pravasi Bharatiya Divas(PBD) Convention: It is the flagship event of the Ministry of External Affairs and provides an important platform to engage and connect with the… Continue reading Pravasi Bharatiya Divas Convention 2021

Government released Longitudinal Ageing Study in India(LASI)

News: Union Health Ministry has released the Longitudinal Ageing Study in India(LASI). Facts: LASI: It is a full scale national survey of scientific investigation of the health, economic, and social determinants and consequences of population ageing in India. Study conducted by: National Programme for Health Care of Elderly, Ministry of Health & Family Welfare has… Continue reading Government released Longitudinal Ageing Study in India(LASI)

Economic Impact of Internet shutdown in Indian and world economy

News: According to a report by the UK-based privacy and security research firm Top10VPN, India has suffered the longest internet shutdowns in 2020 globally. Facts: Key Takeaways from the report: Globally, internet shutdowns cost the world economy $4 billion. However, this represents a 50% decrease in impact compared to $8.05 billion in 2019. India has… Continue reading Economic Impact of Internet shutdown in Indian and world economy

Why lightning kills so many Indians?

News: According to a report, Lightning strikes have caused 1,771 deaths between April 1,2019 and March 31,2020 in India. Facts: The report has been prepared by Climate Resilient Observing Systems Promotion Council(CROPC), a non-profit organisation that works with India Meteorological Department(IMD), Indian Institute of Tropical Meteorology(IITM), India Meteorological Society(IMS) and World Vision India to disseminate… Continue reading Why lightning kills so many Indians?

Report on Trend and Progress of Banking in India 2019-20

News: Reserve Bank of India has released the Report on Trend and Progress of Banking in India 2019-20. Facts: About the report: The report is a statutory publication in compliance with Section 36 (2) of the Banking Regulation Act, 1949. Purpose: It presents the performance of the banking sector, including co-operative banks, and non-banking financial institutions during 2019-20… Continue reading Report on Trend and Progress of Banking in India 2019-20

RBI launches Digital payments index to track transactions

News: Reserve Bank of India(RBI) has launched a composite Digital Payments Index(DPI). Facts: Objective: To capture the extent of digitisation of payments across the country given the sharp pick-up in digital transactions seen in the recent past. Parameters: The index comprises five broad parameters with varying weights to measure the penetration of digital payments.The five key parameters include:… Continue reading RBI launches Digital payments index to track transactions

PM lays foundation stone of Light House projects (LHPs) across six states

News: The Prime Minister has laid the foundation stone of Light House Projects (LHPs) at six sites across six states in the country. Facts: LightHouse Projects(LHPs): These are model housing projects with houses built with shortlisted alternate technology suitable to the geo-climatic and hazard conditions of the region. The projects are being constructed under Global Housing Technology Challenge-India… Continue reading PM lays foundation stone of Light House projects (LHPs) across six states

India bore maximum brunt of extreme weather events in 2020: Report

Source: The New Indian Express News: An International Report titled “Counting the cost 2020: A year of climate breakdown” has been released by Christian aid, a relief and humanitarian agency based in London. Facts: The report listed 15 most destructive climate disasters of 2020 that cumulatively had an expenditure tag of around $150 billion calculated only… Continue reading India bore maximum brunt of extreme weather events in 2020: Report

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