Explained: What is the ongoing sixth mass extinction?

News: According to researchers at National Academy of Sciences of the United States of America(PNAS), the ongoing sixth mass extinction may be one of the most serious environmental threats to the persistence of civilisation. Facts: Mass extinction: It refers to a substantial increase in the degree of extinction or when the Earth loses more than… Continue reading Explained: What is the ongoing sixth mass extinction?

RBI creates Payment Infrastructure Development Fund

News: Reserve Bank of India(RBI) has created a Payment Infrastructure Development Fund of Rs 500 crores. Facts: Aim: To encourage the deployment of Points of Sale(PoS) infrastructure both physical and digital modes in smaller cities, towns and north eastern states. Contribution: RBI will make an initial contribution of Rs 250 crore to the fund. The… Continue reading RBI creates Payment Infrastructure Development Fund

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