What is the news? International Financial Services Centres Authority (IFSCA) has launched the “Sprint04: Market-Tech” Hackathon. IFSCA is organizing “InFinity Forum 2021”, its maiden flagship financial technology and global thought leadership event. As part of this forum, IFSCA has organised a series of Hackathons cutting across the spectrum of banking, insurance, securities and fund management.… Continue reading Launch of Hackathon “Sprint04: Market-Tech” under I-Sprint’21
9 PM Daily Current Affairs Brief – December 9th, 2021
Dear Friends We have initiated some changes in the 9 PM Brief and other postings related to current affairs. What we sought to do: Ensure that all relevant facts, data, and arguments from today’s newspaper are readily available to you. We have widened the sources to provide you with content that is more than enough and… Continue reading 9 PM Daily Current Affairs Brief – December 9th, 2021
RBI to have on-device wallets in UPI apps for small-ticket transactions
What is the news? The Reserve Bank of India will soon launch UPI-based payment products for feature phones, and a new “on-device” wallet for small value UPI transactions. Why RBI is launching UPI-based payment products for Feature Phones? Feature phones are basic phones, which typically provide voice calling and text messaging functionalities. Currently, there are… Continue reading RBI to have on-device wallets in UPI apps for small-ticket transactions
Scholarship scheme under AICTE to encourage girls students to pursue Technical Education
What is the News? The Minister of State for Education has informed Rajya Sabha about the AICTE Pragati Scholarship Scheme. What is Pragati Scholarship Scheme? Launched by: All India Council for Technical Education (AICTE) in 2014-15 Nodal Ministry: Ministry of Education Aim: To provide assistance for the Advancement of Girls pursuing Technical Education. Criteria: Under… Continue reading Scholarship scheme under AICTE to encourage girls students to pursue Technical Education
Three Indian companies among top 100 in arms sales globally
What is the News? Swedish think tank Stockholm Institute Peace Research Institute (SIPRI) has released a report titled “The SIPRI Top 100 arms-producing and military services companies, 2020”. What are the key findings of the report? Findings Related to India India’s share of arms sales globally in 2020 was 1.2%. Three Indian companies are among… Continue reading Three Indian companies among top 100 in arms sales globally
Explained: The helicopter CDS General Bipin Rawat was in
What is the News? Chief of Defence Staff Gen Bipin Rawat, his wife and 11 others died after the Mi-17V5 helicopter crashed in the southern state of Tamil Nadu. What is a Mi-17V5 helicopter? Mi-17V5 is a Russian-made helicopter which is produced by Kazan Helicopters. It was inducted into the Indian Air Force on 17… Continue reading Explained: The helicopter CDS General Bipin Rawat was in
General Bipin Rawat, India’s first CDS, was on a mission to modernise the military. The nation will miss him
What is the News? Chief of Defence Staff Gen Bipin Rawat, his wife and 11 others died after the Mi-17V5 helicopter crashed in the southern state of Tamil Nadu. Who was Bipin Rawat? General Bipin Rawat is an alumnus of the National Defence Academy. He was commissioned in 1978 into the Fifth Battalion of the… Continue reading General Bipin Rawat, India’s first CDS, was on a mission to modernise the military. The nation will miss him
Explained: When can an individual get statutory bail?
What is the News? The National Investigation Agency(NIA) has approached the Supreme Court against a Bombay High Court order granting statutory bail to advocate and activist Sudha Bharadwaj. What is Statutory Bail or Default Bail? Click Here to read about Statutory Bail What are the principles laid down on Statutory Bail? Firstly, Default or statutory… Continue reading Explained: When can an individual get statutory bail?
Covid impact on what we may call a relevant market
News– All-India Mobile Retailers’ Association recently threatened to approach the Competition Commission of India (CCI) against Chinese phone-maker Xiaomi’s alleged bias in favour of online marketplaces over offline retailers. Recently Supreme court allowed CCI to go ahead with an investigation against e-commerce players Flipkart and Amazon. In all these cases terms like Relevant market, dominant position occurs recurrently. India’s Competition Act,… Continue reading Covid impact on what we may call a relevant market
India-Russia Relations: Russia, a legacy relationship with limitations
News: Recently, 21st India – Russia Annual summit took place. The summit highlighted the “all-weather” partnership between India and Russia. Must read: Recent developments in India-Russia Relations – Explained, pointwise What are the challenges associated with India-Russia relations? 1. There is little organic, people-to-people content to the relationship, 2. India-Russia bilateral trade is around U.S.$10 billion,… Continue reading India-Russia Relations: Russia, a legacy relationship with limitations
