• As per an IMF resolution, the 16th General Review of Quotas should be concluded by December 15, 2023. • Last review in Feb 2020, kept the quotas unchanged. About IMF quotas: • The IMF is a quota-based institution. Quotas…
• Scientists from Aryabhatta Research Institute of observational sciences (ARIES) have developed an algorithm, CMEs Identification in Inner Solar Corona (CUSCO) to detect and track CMEs in lower corona. About: • The parameters determined by CUSCO are useful to characterise…
• Centre has tightened the procedure for grant of central funds under Centrally Sponsored Scheme (CSS) through new rules. About new rules: • Each state will be required to set up a Single Nodal Agency (SNA) for each CSS. •…
• In the recent Foreign Secretary’s visit, Russia was receptive to India’s suggestions to explore bilateral partnership in the ASEAN as part of Indo-Pacific construct with focus on post-pandemic economic re-building. Why India-Russia cooperation in Indo-pacific? • Russia is crucial…
• India has become first country in the world to identify need for action for NAFLD by integrating it with existing National Programme for Prevention & Control of Cancer, Diabetes, Cardiovascular Diseases and Stroke (NPCDCS) strategies. • This is with…
• Government has approved three dusters in Madhya Pradesh, two in Rajasthan, and one each in Karnataka, Uttar Pradesh and Tamil Nadu. • These clusters will manufacture toys made of wood, lac, palm leaves, bamboo and fabric. About: • Clusters…
• As per RBI guidelines, a housing finance companies (HFC) is a Non-Banking Financial Company (NBFC) under Companies Act, 2013 that fulfils following conditions: • Whose financial assets, in the business of providing finance for housing, constitute at least 60%…
• The Indian Energy Exchange (IGX) has reached out to government to allow domestic natural gas producers to also sell on IGX platform. It will allow a good volume of gas to be traded on platform and will also encourage…
• The Reserve Bank set up a committee to draw a vision document for strengthening urban co-operative banks (UCBs) and exploring the potential of consolidation in the sector. About: • The panel has to come up with a vision document…
• According to World Bank report, with only 1% of world’s vehicles, India accounts for 11% of global death in road accidents. Key findings of the report: • Road crash and serious injury cost was 7.5% of India’s GDP in…
• Union budget 2021-22 has proposed to launch a portal to collect relevant information on gig workers to help formulate social security schemes for them. • Also, Minimum wages will apply to all categories of workers, and they will all…
• A recent study found that all three types of the neutrinos from the supernovae are important, contrary to the common treatments with only two types. About: • Neutrino is a subatomic particle that is very similar to an electron…
