Here are some examples:
5. Fund raises through Green Bonds
Context: NHAI’s Subsidiary DME Development Limited (DMEDL) Successfully Raises Rs. 775 Crore through issue of Green Bonds Green Bonds
3. India’s Anti-Drone Unit
Context: India plans to establish a comprehensive anti-drone unit to counter the increasing threat of unmanned aerial vehicles (UAVs) at the 60th Raising Day event of the Border Security Force. Major Issues to tackle:•Smuggling arms, drugs, and illegitimate products through drones is increasingly being undertaken across borders from India to Pakistan.•Drone detections and negations can now increase from 3% to 55 % in the Punjab region, where advanced mechanisms have entered the drone detection spectrum. Key Features of Anti-Drone Unit: A Comprehensive Integrated Border Management System (CIBMS)It is defined as a futuristic border management system, within which modern technologies are integrated such as sensors, command & control, communication network, advanced fencing along the border, and aerial monitoring to improve surveillance and security across borders in India. The Vibrant Village Programme (VVP)
2. India’s MGNREGS major contributor to global Nature-based Solutions
Context: Decent Work in Nature-Based Solutions 2024 Report Executive: The report, a joint effort of ILO, UNEP, and IUCN, supports the UN Decade on Ecosystem Restoration as it is well aligned with Sustainable Development Goals (SDGs). Launch Event: Key Findings: Nature-based Solutions (NbS)Activities that use the natural processes of ecosystems to address societal problems. Outcomes of MGNREGS: Problem Areas in MGNREGS: Know more about MGNREGA?
1. AgriStack Initiative
Context: As part of the AgriStack initiative, for rolling out digital farm lending in Uttar Pradesh for its eight crore farmers, the state government is currently working with the International Finance Corporation for providing APIs of the state’s land records and farm boundaries to SatSure and a couple of other companies.Know more about AgriStack initiative?Goal • The International Finance Corporation is working towards developing a roadmap for direct digital farm lending to the mixed eight crore farmers.• Land records and farm boundary APIs provide online lending processes. SatSure in Farm LendingSatSure is a space tech-based Bangalore company that uses satellite-based risk scoring to generate farm-as-well-as village-level reports.• Uses AI algorithms to analyze satellite imagery and identifying crop types.• Keeping track of changes in farm health and productivity for correlating with the climatic variables.• Provides loan backing for banking institutions to measure farmers’ income and repayment capacity.Read more…
5. New RBI Governor: Sanjay Malhotra to replace Shaktikanta Das
Context: Sanjay Malhotra will replace Shaktikanta Das as the 26th Governor of Reserve Bank of India, according to a notification from the government’s Cabinet Appointments Committee on Monday. Process of RBI Governor Appointment in India
4. Survey on Capital Expenditures (CapEx)
Context: The National Statistics Office (NSO) is set to release the results of the first private sector capital expenditure (capex) survey in March, as the government nudges the private sector to ramp up investments to drive economic growth. Highlights: Private-Sector Capital Expenditure
3. Discontinuation of Sovereign Gold Bonds (SGBs) Under Consideration
Context: With an increased emphasis on reducing government debt, the finance ministry is considering discontinuing the issuance of Sovereign Gold Bonds (SGBs) from the next financial year (2025-26). Key Highlights: Sovereign Gold Bonds (SGB) Read more about SGB
2. Defaults under Employees’ Provident Fund Organisation (EPFO) reached high
Context Defaults under the Employees’ Provident Fund Organisation (EPFO) surged to an all -time high of â‚ą25,820.88 crore at the end of 2023-24, up 69.3% from â‚ą15,254.06 crore a year ago, showed official data. Key findings from the report Employees’ Provident Fund Organisation (EPFO) Read more…
1. Foreign Direct Investment (India)
Why in News? FDI inflows into India have crossed the USD one trillion milestone in the April 2000-September 2024 period, firmly establishing the country’s reputation as a safe and key investment destination globally. Key Findings Foreign direct investment in India: Important sectors and Nations What is FDI? Foreign Portfolio Investment (FPI) is the investments made by foreign entities in a country’s financial markets, such as stocks, bonds, or other securities, without taking a controlling interest in any company. FPI in News: FPI inflow rises to â‚ą 24,000 cr in 1st week of Dec
