Recently, the Reserve Bank of India (RBI) released a report titled ‘Currency and Finance’ (RCF) for the year 2021-22. In the report, the RBI has raised concerns about bank consolidation, stating that it increases the market power of merged institutions and adversely affects financial inclusion.   What did the report say? According to the report,… Continue reading Bank Consolidation

Recently, speaking at the 11th Joint Conference of Chief Ministers (CMs) and Chief Justices (CJs), the Prime Minister (PM) of India pitched for the release of 5 lakh undertrial prisoners who have been languishing in jails for years.   What did the Prime Minister say? People’s sensitivity is tied to swift justice and this should… Continue reading 11th CM-CJ Conference

Union Minister of Culture has visited the mini lake Anang Tal (Mehrauli, New Delhi) created in 1052 A.D by the founder king of Delhi Maharaja Anang Pal Tomar.   Details – He instructed to finish the work of cleaning of Anang Tal and declare it a National Monument immediately. The millennium old Anang Tal signifies… Continue reading Anang Tal

Union Minister for Micro, Small and Medium Enterprises has launched the MSME Sustainable (ZED) Certification Scheme.   What is the scheme? This Scheme is an extensive drive to enable and facilitate MSMEs adopt Zero Defect Zero Effect (ZED) practices and motivate and incentivise them for ZED Certification while also encouraging them to become MSME Champions.… Continue reading MSME Sustainable Certification Scheme

Data from the Centre for Monitoring Indian Economy (CMIE) shows that India’s labour force participation rate (LFPR) has fallen to just 40% from an already low 47% in 2016.   What does the data suggest? This suggests not only that more than half of India’s population in the working-age group (15 years and older) is… Continue reading Labour Force Participation Survey

While speaking at the Boao Forum in China, President Xi Jinping has proposed a Global Security Initiative.   Aim – As per the Chinese President, Global Security Initiative will stay committed to the vision of common, comprehensive, cooperative and sustainable security. It would oppose unilateralism, and say no to group politics and bloc confrontation. This… Continue reading Boao Forum

Union Minister of Communications has recently said that the commercial rollout of 5G services could be expected from August-September 2022 onwards.   What is 5G technology and how is it different? 5G or fifth generation is the latest upgrade in the long-term evolution (LTE) mobile broadband networks. 5G mainly works in 3 bands, namely low,… Continue reading 5G Services

The National Health Authority (NHA) has rolled out the module for nurses on Health Professional Registry under Ayushman Bharat Digital Mission (ABDM).   Details – The module for doctors from all systems of medicines and their onboarding is already in place in the Health Professional Registry. Now with this nation-wide roll out of the Nurse… Continue reading Health Professional Registry

The Cabinet Committee on Economic Affairs (CCEA) has approved the investment of Rs.4526.12 crore for 540 Megawatt (MW) Kwar Hydro Electric Project located on river Chenab, in Kishtwar district of Union Territory of Jammy and Kashmir.   Details – The project would be implemented by Chenab Valley Power Projects Private Ltd., a joint venture between… Continue reading Kwar Hydro Electric Project

The Central government is planning to revamp the Civil Registration System (CRS) to enable the registration of birth and death in real-time.   About the ‘Civil Registration System’ in India – With the enactment of the Registration of Births and Death Act (RBD Act) in 1969, the registration of births, deaths and still births have… Continue reading Civil Registration System