What is the News? The Reserve Bank of India(RBI) has released the “Payments Vision 2025”. What is “Payments Vision 2025”? Released by: Reserve Bank of India(RBI) Core Theme: E-Payments for Everyone, Everywhere, Everytime (4 Es) Vision: Provide every user with Safe, Secure, Fast, Convenient, Accessible, and Affordable e-payment options (6 Attributes). Goalposts: The activities to… Continue reading Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services
Major Economies Forum on Climate and Energy Meets
What is the News? The Union Minister for Environment, Forest and Climate Change has represented India at the virtual meeting of the Major Economies Forum on Energy and Climate(MEF). What is the Major Economies Forum on Energy and Climate(MEF)? Launched in: 2009 by US President Barack Obama. Aim: To facilitate candid dialogue among major emitting… Continue reading Major Economies Forum on Climate and Energy Meets
New research: Study flags emergence of drug-resistant typhoid strains
What is the News? According to a study published in The Lancet, the effectiveness of antibiotics for typhoid fever is threatened by the emergence of resistant strains. What is Typhoid? Typhoid fever is a life-threatening infection caused by the bacterium Salmonella Typhi. Transmission: It is usually spread through contaminated food or water. Once Salmonella Typhi… Continue reading New research: Study flags emergence of drug-resistant typhoid strains
Explained: India’s emerging twin deficit problem
What is the News? The Finance Ministry in its report has warned of a Twin Deficit Problem due to higher commodity prices and a rising subsidy burden. What is a Twin Deficit? A twin deficit basically refers to a situation where the country runs relatively large current account and fiscal deficits. A higher twin deficit… Continue reading Explained: India’s emerging twin deficit problem
Five states need to take steps to stabilize debt levels: RBI
What is the News? According to a Reserve Bank of India(RBI) study, five states namely, Bihar, Kerala, Punjab, Rajasthan, and West Bengal figure among the most stressed states fiscally. RBI on Status of States Debts Based on the debt-GSDP ratio in 2020-21, Ten states namely Punjab, Rajasthan, Kerala, West Bengal, Bihar, Andhra Pradesh, Jharkhand, Madhya… Continue reading Five states need to take steps to stabilize debt levels: RBI
To end illegal mining, Madhya Pradesh plans to make it legal in parts of Chambal sanctuary
What is the News? Madhya Pradesh government has proposed to open 292 hectares for mining in five stretches on Chambal and its tributary Parvati rivers. The step is taken to free its forest department from devoting too much time, resources and efforts to fighting illegal mining in the National Chambal Sanctuary. Note: Sand mining has… Continue reading To end illegal mining, Madhya Pradesh plans to make it legal in parts of Chambal sanctuary
Union Minister inaugurated Jyotirgamaya-A festival showcasing the talent of unsung performers
What is the News? The Union Minister of Culture has inaugurated Jyotirgamaya-A festival showcasing the talent of unsung performers. What is Jyotirgamaya? Organized by: Sangeet Natak Akademi Purpose: It is a festival to showcase the talent of rare musical instruments from across the country, including street performers, train entertainers, performers attached to temples etc. Significance:… Continue reading Union Minister inaugurated Jyotirgamaya-A festival showcasing the talent of unsung performers
It is time India plans a hub airport flight path
News: There is an ongoing discussion on transforming India’s metro gateway airports into a hub airport. Today’s conditions are just right for building a hub airport. The concept of a hub airport A hub airport is one which is served by a multitude of airlines, connecting several airports through non-stop flights. In addition to a… Continue reading It is time India plans a hub airport flight path
We Have A Long Wait Before India Inc Gets Space-Ready
Context: Recently, India opened up the space sector, with the intention of gaining economic and strategic importance. However, reality has been different. India’s share in the $440-billion global space economy is only around 2%. In June, 2020, India announced reforms based on four pillars; 1) Freedom of innovation for the private sector, 2) Changing the… Continue reading We Have A Long Wait Before India Inc Gets Space-Ready
Open access: A game changer for green energy?
News: Government recently notified green energy open-access rules. The article analyses the rules. India’s 2030 target is 500 GW of non-fossil generating capacity. However, the present grid-connected installed capacity (including large hydro) is about 165 GW. What was the need for green energy open access rules? To reach the figure of 500 GW, the renewable… Continue reading Open access: A game changer for green energy?
