SBI's Record-Breaking Quarterly Profits: Surge in Net Income and Improved Asset Quality

SBI’s Record-Breaking Quarterly Profits: Surge in Net Income and Improved Asset Quality

State Bank of India (SBI), a leading public sector bank in India, has reported remarkable financial performance for the first quarter of the fiscal year 2023-24. The bank achieved an unprecedented quarterly profit of ₹16,884 crore, signaling a substantial leap from ₹6,068 crore in the same period the previous year. This outstanding achievement was driven by reduced bad loans and increased interest income. While SBI's consolidated net income also experienced remarkable growth, more than doubling to reach ₹18,537 crore compared to ₹7,325 crore a year ago, the bank's shares experienced a minor setback due to sequential indicators showing marginal deterioration.
Kiwi and Axis Bank Join Forces to Launch Lifetime Free Virtual Credit Cards on UPI Platform

Kiwi and Axis Bank Join Forces to Launch Lifetime Free Virtual Credit Cards on UPI Platform

Fintech firm Kiwi has teamed up with Axis Bank to introduce a revolutionary offering - lifetime free Axis Bank KWIK credit cards through the Kiwi app. This innovative partnership merges the efficiency of UPI payments with credit card benefits, providing users with a secure and rewarding payment experience. With a commitment to simplicity and innovation, Kiwi envisions issuing instant virtual credit cards to a million users within the next 18 months, marking a significant step towards enhancing digital payments and financial inclusion.
Indian Prime Minister Confirms Participation in BRICS Summit Amid Global Dynamics

Indian Prime Minister Confirms Participation in BRICS Summit Amid Global Dynamics

Indian Prime Minister Narendra Modi's presence at the forthcoming BRICS Summit in Johannesburg, scheduled from August 22 to 24, 2023, has been confirmed. This announcement follows a telephonic conversation between Prime Minister Modi and South African President Cyril Ramaphosa. The summit, taking place against the backdrop of the Ukraine crisis and discussions on expanding BRICS membership, assumes heightened significance with global dynamics at play.
RBI Imposes ₹2,000 Crore Late Submission Fees on Major PSUs; Overseas Investments under Scrutiny

RBI Imposes ₹2,000 Crore Late Submission Fees on Major PSUs; Overseas Investments under Scrutiny

In a significant move, the Reserve Bank of India (RBI) has taken stringent action by levying late submission fees totaling ₹2,000 crore on four prominent public sector undertakings (PSUs) - ONGC Videsh Ltd, Indian Oil Corp. Ltd, GAIL (India) Ltd, and Oil India Ltd. The imposition of these substantial penalties is a result of the PSUs' failure to promptly report their overseas investments, raising concerns about regulatory compliance and the functioning of their foreign subsidiaries.
Milestone in Wildlife Conservation: Assam State Zoo Achieves Historic Breeding of Himalayan Vulture in Captivity

Milestone in Wildlife Conservation: Assam State Zoo Achieves Historic Breeding of Himalayan Vulture in Captivity

In a landmark achievement for wildlife preservation, the Assam State Zoo has accomplished a momentous feat by successfully breeding a Himalayan Vulture in captivity – a first-ever occurrence in India. The pioneering endeavor, detailed in a paper titled 'Breeding of Himalayan Vulture Gyps himalayensis Hume, 1869 in the Assam State Zoo, Guwahati, Assam,' holds promise for the conservation of this 'Near Threatened' species, accentuating the crucial role of zoos in safeguarding endangered wildlife.
Government Unveils Vivad se Vishwas 2.0 Scheme for Swift Dispute Resolution

Government Unveils Vivad se Vishwas 2.0 Scheme for Swift Dispute Resolution

In a move aimed at fostering efficient dispute resolution and bolstering economic recovery, the government has introduced the Vivad se Vishwas 2.0 scheme. Building upon its predecessor's success, this scheme offers taxpayers a golden opportunity to settle pending tax disputes amicably, thereby alleviating burdensome litigation and paving the way for a more streamlined fiscal landscape.
NMDC Unveils New Logo in New Delhi, Reinforcing Commitment to Responsible Mining

NMDC Unveils New Logo in New Delhi, Reinforcing Commitment to Responsible Mining

In a significant event held in New Delhi, Jyotiraditya Scindia, the Union Minister of Steel and Civil Aviation, introduced the new emblem of NMDC, marking a momentous stride towards responsible mining practices and global standards. The revamped logo, a fusion of contemporary aesthetics and profound symbolism, encapsulates NMDC's dedication to sustainable mining and its pivotal role in India's progressive journey.
Remembering Dr. Rajendra Prasad: India's First President and Champion of Democracy

Remembering Dr. Rajendra Prasad: India’s First President and Champion of Democracy

Dr. Rajendra Prasad, a stalwart in India's struggle for independence and the nation's inaugural President, left an indelible mark on the country's history. A proponent of non-violent resistance, he exemplified leadership, humility, and dedication. As President from 1950 to 1962, he united the nation and laid a sturdy foundation for India's democratic progress. Let's delve into the life and legacy of this remarkable figure.
IIT Madras and Ministry of Railways Collaborate to Establish India's First 5G Testbed for Railway Innovation

IIT Madras and Ministry of Railways Collaborate to Establish India’s First 5G Testbed for Railway Innovation

In a significant partnership, the Indian Institute of Technology Madras (IIT Madras) and the Ministry of Railways have joined forces to inaugurate the pioneering India 5G testbed. This cutting-edge facility, situated at the Indian Railway Institute of Signal Engineering and Telecommunications (IRISET) in Secunderabad, is poised to drive the development and experimentation of 5G applications tailored for the Indian Railways sector.
Chandrayaan-3 Successfully Executes TransLunar Injection (TLI) in Lunar Mission

Chandrayaan-3 Successfully Executes TransLunar Injection (TLI) in Lunar Mission

The Chandrayaan-3 spacecraft, India's third lunar exploration mission, has achieved a remarkable milestone by successfully executing a TransLunar Injection (TLI) maneuver, propelling it from Earth's orbit towards the Moon. This significant step, carried out by the Indian Space Research Organisation (ISRO), marks a promising start to the mission, with the Lunar Orbit Insertion (LOI) scheduled for August 5 as the next crucial phase.
Indian Government Combines Project Tiger and Project Elephant Initiatives Under New Division

Indian Government Combines Project Tiger and Project Elephant Initiatives Under New Division

The Union Ministry of Environment, Forest and Climate Change (MoEFCC) has merged Project Tiger and Project Elephant, two significant conservation initiatives in India, into a new division named 'Project Tiger and Elephant Division.' Although the merger aims to streamline funding and reduce overlaps, concerns have arisen due to a decline in fund allocation for tiger conservation since 2018-19. Wildlife experts argue that both iconic species face unique challenges, and the lack of clarity in fund division may hinder their conservation efforts.
OpenAI CEO Sam Altman Launches Worldcoin Crypto Project to Revolutionize Digital Identity

OpenAI CEO Sam Altman Launches Worldcoin Crypto Project to Revolutionize Digital Identity

OpenAI CEO Sam Altman, along with co-founders Alex Blania and Max Novendstern, has introduced the Worldcoin crypto project. This innovative initiative aims to provide users with a verified digital identity through biometric data and grant access to a financial ecosystem. However, the project faces criticism and concerns over privacy, ethics, legality, scalability, and sustainability.
Government Launches National Mission on Libraries Scheme to Promote Knowledge and Reading Culture Across the Nation

Government Launches National Mission on Libraries Scheme to Promote Knowledge and Reading Culture Across the Nation

In a significant step to revitalize and promote libraries as vibrant centers of knowledge and learning, the Government has unveiled the ambitious "National Mission on Libraries" scheme. Aimed at fostering a reading culture among citizens and enhancing access to information, the initiative seeks to strengthen libraries and make them more inclusive, catering to the diverse needs of communities across the country.
Pradhan Mantri MUDRA Yojana Sanctions Over 6.23 Crore Loans in FY 2022-23

Pradhan Mantri MUDRA Yojana Sanctions Over 6.23 Crore Loans in FY 2022-23

In the Financial Year (FY) 2022-23, the Pradhan Mantri MUDRA Yojana (PMMY) achieved a remarkable milestone by sanctioning more than 6.23 crore loans. The scheme, aimed at supporting micro-businesses and entrepreneurs with limited access to formal credit, offers loans of up to 10 lakh rupees to foster economic growth and generate employment at the grassroots level. The government's commitment to efficient implementation is reflected in the establishment of a robust complaint redressal mechanism, ensuring prompt resolution of any issues that may arise.
India and Moldova Agree to Sign MoU for Cooperation in Agriculture

India and Moldova Agree to Sign MoU for Cooperation in Agriculture

India and Moldova have reached an agreement to sign a Memorandum of Understanding (MoU) aimed at fostering cooperation in the field of agriculture. The MoU will pave the way for the exchange of knowledge, technology, and best practices between the two countries, ultimately bolstering agricultural productivity and strengthening agricultural ties. This collaboration marks a significant step towards enhancing bilateral relations and agricultural development.
India's Digital Payments Witness Remarkable Growth in FY23: RBI-DPI

India’s Digital Payments Witness Remarkable Growth in FY23: RBI-DPI

The Reserve Bank of India (RBI) Digital Payments Index (RBI-DPI) for the fiscal year 2022-2023 (FY23) reveals a significant surge in digital payments in India. The index, which comprehensively measures payment digitization, indicates impressive growth across all parameters, driven by advancements in payment infrastructure and performance nationwide. The Unified Payments Interface (UPI) has played a key role in this remarkable expansion, with projections indicating even greater strides in the future.
India to Host World Coffee Conference in Bengaluru from Sept 25

India to Host World Coffee Conference in Bengaluru from Sept 25

India is set to host the prestigious World Coffee Conference in Bengaluru, starting from September 25. The event, organized by the International Coffee Organization (ICO), will bring together coffee stakeholders, experts, and enthusiasts from across the globe to deliberate on various aspects of the coffee industry. This conference presents a significant opportunity for India to showcase its rich coffee culture and explore avenues for international collaborations in the coffee sector.
Amazon India to Open First-Ever Floating Store in Dal Lake

Amazon India to Open First-Ever Floating Store in Dal Lake

E-commerce giant Amazon is set to make waves in the retail world as it announces plans to launch its first-ever floating store in the picturesque Dal Lake. This innovative move aims to provide a unique shopping experience to customers and showcase the rich cultural heritage of the region while supporting local artisans and businesses.
NASA's IXPE Reveals Mysteries of Markarian 421: A Blazar Firing High-Energy Particle Jet Towards Earth

NASA’s IXPE Reveals Mysteries of Markarian 421: A Blazar Firing High-Energy Particle Jet Towards Earth

NASA's IXPE (X-ray Polarimetry Explorer) has made groundbreaking discoveries about Markarian 421, a blazar and supermassive black hole located approximately 400 million light-years away from Earth. This unique celestial object is captivating scientists as it fires a high-energy particle jet directly towards our planet, shedding light on the powerful phenomena associated with supermassive black holes.
Government Extends Atal Beemit Vyakti Kalyan Yojana to Provide Unemployment Support Until June 2024

Government Extends Atal Beemit Vyakti Kalyan Yojana to Provide Unemployment Support Until June 2024

The government has taken the decision to extend the duration of the Atal Beemit Vyakti Kalyan Yojana, a crucial unemployment scheme administered by the Employees’ State Insurance Corporation (ESIC), for an additional two years, ensuring its continuity until June 30, 2024. This marks the third extension of the scheme, with previous extensions already granted in 2020 and 2021. The objective is to continue offering essential financial assistance to ESIC beneficiaries who faced job losses amid the pandemic's challenges.
SpaceX Launches World's Largest Commercial Communications Satellite, Jupiter-3, by Maxar Technologies

SpaceX Launches World’s Largest Commercial Communications Satellite, Jupiter-3, by Maxar Technologies

SpaceX, under the leadership of Elon Musk, successfully launched Jupiter-3, the world's largest commercial communications satellite, from LC-39A at the Kennedy Space Center in Florida, USA. Carried by the Falcon Heavy rocket, this cutting-edge satellite, developed by Maxar Technologies, promises to revolutionize connectivity across North and South America with its advanced technology and massive capacity.
Reserve Bank of India Clarifies Star Series Banknotes' Purpose

Reserve Bank of India Clarifies Star Series Banknotes’ Purpose

The Star Series banknotes, featuring a distinctive (*) symbol, have recently sparked discussions on social media platforms. The Reserve Bank of India (RBI) issued a press release to shed light on these banknotes, clarifying their legitimacy and specific purpose. The Star symbol serves to identify replacement banknotes used in cases of defectively printed ones within a packet of 100 serially numbered banknotes.
List of Tiger Reserves in India 2023: Significance and Schemes

List of Tiger Reserves in India 2023: Significance and Schemes

India's tiger reserves play a crucial role in conservation efforts to protect the majestic big cats and their habitats. As of 2023, the country boasts several tiger reserves, each contributing significantly to the preservation of this endangered species. Learn more about these reserves, their significance, and the government schemes dedicated to tiger conservation.
New Road to Mount Kailash for Devotees from Indian Territory Underway

New Road to Mount Kailash for Devotees from Indian Territory Underway

The Border Road Organization has initiated the construction of a new road, aiming to provide Indian devotees with access to Mount Kailash. The road will connect KMVN Hut in Pithoragarh district, Uttarakhand, to Lipulekh pass on the India-China border, with an expected completion date in September. The Indian Government has entrusted the development of 'Kailash Point View' to the Hirak Project, facilitating an alternate path for pilgrims, especially since the Kailash-Mansarovar Yatra through the Lipulekh Path has been suspended due to COVID-19.
Indian Government and ADB Collaborate to Enhance Infrastructure in Bihar

Indian Government and ADB Collaborate to Enhance Infrastructure in Bihar

The Indian government and the Asian Development Bank (ADB) have joined forces once again to embark on a crucial infrastructure development project in Bihar. A $295-million loan will be utilized to upgrade around 265 km of state highways, incorporating climate and disaster-resilient designs, and implementing road safety measures. The project, named "Enhancing Connectivity and Sustainability in Bihar Roads Project," aims to improve road infrastructure, enhance connectivity in rural regions, and ensure the well-being of the people.
SAUNI Yojana: Transforming Irrigation in Drought-Prone Saurashtra

SAUNI Yojana: Transforming Irrigation in Drought-Prone Saurashtra

The Government of Gujarat's SAUNI (Saurashtra Narmada Avtaran Irrigation) scheme, launched by Prime Minister Narendra Modi in March 2014, aims to revolutionize irrigation practices in the arid region of Saurashtra. By channeling excess floodwaters from the Narmada river through an extensive network of pipelines, the project has successfully improved water availability for agricultural and irrigation needs. With substantial progress already achieved and upcoming inaugurations, the SAUNI Yojana holds the promise of bringing transformative changes to the lives of millions in the region.
RBI Expands Special Rupee Vostro Accounts for Smoother Trade Practices

RBI Expands Special Rupee Vostro Accounts for Smoother Trade Practices

The Reserve Bank of India (RBI) has taken a significant step by allowing 20 banks operating in India to open 92 Special Rupee Vostro Accounts (SRVAs) with partner banks from 22 countries. This move is expected to foster stronger economic ties between India and the eligible nations, including Bangladesh, Belarus, Botswana, Fiji, Germany, Guyana, Israel, Kazakhstan, Kenya, Malaysia, Maldives, Mauritius, Myanmar, New Zealand, Oman, Russia, Seychelles, Singapore, Sri Lanka, Tanzania, Uganda, and the United Kingdom. Moreover, the RBI and the Central Bank of UAE have signed a Memorandum of Understanding (MoU) to enable invoicing and payments in respective domestic currencies, further strengthening trade relations between India and the UAE.
Mahindra & Mahindra Acquires 3.53% Stake in RBL Bank, Expresses Interest in Further Investments

Mahindra & Mahindra Acquires 3.53% Stake in RBL Bank, Expresses Interest in Further Investments

On July 26, 2023, Mahindra & Mahindra, a prominent Indian conglomerate, announced its investment in RBL Bank by acquiring a 3.53% stake for ₹417 crores. The move signaled the group's interest in the financial sector and its potential for further investments in RBL Bank, subject to specific conditions. However, Mahindra & Mahindra clarified that it would not surpass a stake of 9.9%. The investment came amidst RBL Bank's recent leadership changes, raising interest among investors and market watchers about the bank's future direction.
Jio BlackRock: Transforming India's Mutual Fund Market with Tech-Enabled Solutions

Jio BlackRock: Transforming India’s Mutual Fund Market with Tech-Enabled Solutions

Jio Financial Services Ltd (JFS) and BlackRock, a global asset manager, have formed a game-changing joint venture, "Jio BlackRock," to revolutionize India's mutual fund industry. With equal investments of $150 million each, the partnership aims to provide affordable and innovative investment solutions to millions of Indian investors through technology-enabled platforms. Leveraging Jio's technical expertise and expanding customer base and BlackRock's global fund management excellence, the joint venture is set to disrupt the market and empower investors with previously inaccessible opportunities.
Karnataka Government Launches Gruha Lakshmi Scheme: Empowering Women Heads of Households

Karnataka Government Launches Gruha Lakshmi Scheme: Empowering Women Heads of Households

The Karnataka Government has introduced the Gruha Lakshmi Scheme, a significant initiative aimed at providing financial assistance to women who are heads of households. With registration beginning on 19th July 2023, the scheme offers a monthly grant of Rs. 2,000, directly transferred to the beneficiary's bank account through the DBT mode. Women can register for free either online through the official website or offline at designated Common Service Centres (CSCs) in the state. The scheme is expected to benefit over 1.28 crore women, providing them with financial stability and empowerment.
Government's Sahkar Se Samriddhi Scheme Gains Prominence, Boosting Rural Prosperity

Government’s Sahkar Se Samriddhi Scheme Gains Prominence, Boosting Rural Prosperity

The Sahkar Se Samriddhi Scheme has emerged as a game-changer in promoting socio-economic growth in rural areas. Backed by the government's robust initiatives, this scheme aims to empower cooperative societies and uplift the livelihoods of farmers and artisans. With its far-reaching impact and promising results, the scheme has recently caught the attention of both citizens and policymakers, becoming a key topic of discussion in current affairs.
SemiconIndia 2023 Exhibition Inaugurated in Gandhinagar, Gujarat

SemiconIndia 2023: Showcasing India’s Rise in Semiconductor Excellence

The grand inauguration of 'SemiconIndia 2023' in Gandhinagar, Gujarat, led by Chief Minister Bhupendrabhai Patel, marks a pivotal moment for India's semiconductor industry. Organized by the India Semiconductor Mission in collaboration with industry associations and under the guidance of Prime Minister Shri Narendra Modi, the event highlights India's significant progress in Semiconductor Design, Manufacturing, and Technology Development. The exhibition boasts participation from renowned global giants like Micron Technology and Applied Materials, as well as dynamic startups, collectively presenting a vibrant vision of India's emergence as a global hub for semiconductor excellence.
Lok Sabha Accepts No-Confidence Motion Against Prime Minister Narendra Modi's Government Related to Manipur Issue

Lok Sabha Accepts No-Confidence Motion Against Prime Minister Narendra Modi’s Government Related to Manipur Issue

The Lok Sabha witnessed a significant development as both the Congress party and K Chandrashekar Rao’s Bharat Rashtra Samithi (TRS) submitted separate notices for a no-confidence motion against Prime Minister Narendra Modi's government. The motion was specifically related to the Manipur issue. Despite the opposition's limited numerical strength, the Speaker accepted the motion, leading to persistent demands for Prime Minister Modi's presence and response during the debate on the matter. The history of no-confidence motions in Lok Sabha and the mechanism of this critical parliamentary procedure add to the significance of the current situation.
New Internet Ransomware 'Akira' Poses Threat to Cybersecurity

New Internet Ransomware ‘Akira’ Poses Threat to Cybersecurity

A new ransomware virus named 'Akira' has emerged in cyberspace, designed to steal vital personal information and encrypt data, coercing individuals into paying a ransom to retrieve their files. The attackers target both Windows and Linux-based systems, gaining unauthorized access through vulnerable VPN services. They employ double extortion tactics, encrypting victim's files and resorting to public shaming by publishing stolen data on the dark web if the ransom is not paid.
Union Government Approves Increased EPF Interest Rate of 8.15% for FY 2022-23

Union Government Approves Increased EPF Interest Rate of 8.15% for FY 2022-23

The Union government has given its nod to raise the interest rate on Employees Provident Fund (EPF) deposits to 8.15% for the financial year 2022-23. The decision follows the approval of the EPFO trustees to hike the interest rates from the previous four-decade low of 8.10% in the previous fiscal year. With over six crore EPF subscribers set to benefit, the higher interest rate is expected to be credited to their accounts soon.
Heli Summit 2023: Advancing Regional Connectivity through Helicopters & Small Aircraft

Heli Summit 2023: Advancing Regional Connectivity through Helicopters & Small Aircraft

The Heli Summit 2023 marked a significant milestone in the Indian aviation industry, bringing together key stakeholders and policymakers to discuss the growth prospects of helicopters and small aircraft. The event focused on enhancing regional connectivity, extending the benefits of the UDAN Scheme, and promoting collaboration between helicopter operators and district authorities.
ISRO's PSLV-C56 to Launch Singapore's DS-SAR Satellite Alongside Six Co-Passenger Satellites

ISRO’s PSLV-C56 to Launch Singapore’s DS-SAR Satellite Alongside Six Co-Passenger Satellites

The Indian Space Research Organization (ISRO) has announced its next mission, PSLV-C56, scheduled for liftoff on 30th July at 6:30 AM from the iconic Satish Dhawan Space Centre in Sriharikota. The primary payload for this mission is Singapore's DS-SAR satellite, weighing 3600 kg and developed by DSTA and ST Engineering. Accompanying the DS-SAR are six co-passenger satellites, each with its unique technology and objectives. Once in orbit, the DS-SAR satellite is poised to provide all-weather, day and night imaging capabilities with exceptional resolution, catering to various requirements of the Government of Singapore and commercial entities alike.
Apply Now for Second Phase of Ladli Bahna Yojana: Empowering Women Financially in Madhya Pradesh

Apply Now for Second Phase of Ladli Bahna Yojana: Empowering Women Financially in Madhya Pradesh

The Madhya Pradesh government's ambitious initiative, the Ladli Bahna Yojana, has commenced its application process for the second phase on July 25th. Launched with the noble objective of empowering women financially, this scheme offers eligible members a monthly transfer of Rs. 1,000 to their bank accounts on the 10th of each month, ensuring enhanced financial stability and independence. To extend its benefits to more women and daughters, the eligibility criteria have been relaxed this time, and women who own tractors are now eligible to apply. Don't miss this opportunity to secure financial strength for yourself or your loved ones - apply now and reap the benefits of the Ladli Bahna Yojana.
Tamil Nadu CM Inaugurates Camps for Rs. 1,000 Monthly Assistance Scheme Registration

Tamil Nadu CM Inaugurates Camps for Rs. 1,000 Monthly Assistance Scheme Registration

Tamil Nadu Chief Minister, M K Stalin, launched a series of camps on 24th July aimed at facilitating the registration process for applicants seeking to avail the Rs.1,000 monthly assistance scheme. These camps, spread across the state, will enable eligible beneficiaries to enroll for the Kalaignar Magalir Urimai Thittam scheme, a major socio-economic welfare initiative of the Tamil Nadu Government. The scheme, set to be launched on 15th September 2023, under the Department of Social Welfare and Women Empowerment, aims to provide financial empowerment to women, thus enhancing their livelihood and overall standard of living.
Biography of Bal Gangadhar Tilak: A Journey of Freedom and Nationalism

Biography of Bal Gangadhar Tilak: A Journey of Freedom and Nationalism

Bal Gangadhar Tilak, a towering figure in India's struggle for independence, left an indelible mark on the country's history with his unwavering commitment to freedom and nationalism. His life and legacy continue to inspire generations as a prominent leader, writer, and social reformer. From his early years in Maharashtra to his pivotal role in the Indian freedom movement, this biography sheds light on the remarkable journey of "Lokmanya" Tilak and his invaluable contributions to India's fight for independence.
India Considers Expanding its Solar Star C Initiative to Pacific Island Countries

India Considers Expanding its Solar Star C Initiative to Pacific Island Countries

India is exploring the possibility of extending its Solar Star C initiative to several Pacific Island countries as part of its commitment to promoting renewable energy and sustainable development in the region. The initiative aims to provide clean and affordable solar energy solutions to address the energy needs of these nations and strengthen India's partnership with the Pacific Island countries. This move is set to foster stronger bilateral ties and contribute to the collective efforts in combating climate change and achieving a greener future.
RBI Adds NongHyup Bank to Second Schedule: Strengthening Financial Ties with South Korea

RBI Adds NongHyup Bank to Second Schedule: Strengthening Financial Ties with South Korea

The Reserve Bank of India (RBI) recently announced the inclusion of "NongHyup Bank" in the Second Schedule of the RBI Act, 1934. This noteworthy development marks a significant milestone for NongHyup Bank, originating from Jung-gu, Seoul, South Korea, and actively operating in India since its establishment in 2016. By being listed in the Second Schedule, NongHyup Bank is poised to enhance its presence and expand its financial endeavors in the Indian market, particularly in support of the agricultural and rural communities.
CAIT and Meta Join Forces to Empower Local Traders through 'WhatsApp Se Wyapaar' Program

CAIT and Meta Join Forces to Empower Local Traders through ‘WhatsApp Se Wyapaar’ Program

Confederation of All India Traders (CAIT) and Meta, the parent company of Facebook, have announced the expansion of their 'WhatsApp Se Wyapaar' program, which seeks to digitally train and upskill 10 million local traders using the WhatsApp Business App. The collaborative initiative aims to empower small enterprises across India by providing comprehensive digital training in 11 Indian languages, fostering a localized approach to digitalization. With workshops conducted by CAIT, traders will gain essential knowledge to establish their 'digital dukaan' on the WhatsApp Business App, utilizing features like Catalogue, Quick Replies, and Click to WhatsApp Ads to enhance their online presence and expand their customer base.
Kargil Vijay Diwas: Commemorating the Valor of Indian Soldiers on 26th July

Kargil Vijay Diwas: Commemorating the Valor of Indian Soldiers on 26th July

Kargil Vijay Diwas, observed on 26th July each year, pays homage to the immense bravery and sacrifice of Indian soldiers during the Kargil War of 1999. In 2023, it marks the 24th anniversary of 'Operation Vijay,' a fierce conflict fought by the Indian Army against Pakistan in the Kargil sector of Jammu & Kashmir, now part of Ladakh. On this day in 1999, Indian troops proclaimed their victory over the Pakistani rangers after almost three months of grueling battles on the icy heights of Kargil.
PFRDA to Invest in Sovereign Green Bonds (SGBs) to Foster Sustainable Investments

PFRDA to Invest in Sovereign Green Bonds (SGBs) to Foster Sustainable Investments

In a significant move towards promoting environmentally responsible investments, the Pension Fund Regulatory and Development Authority (PFRDA) has announced its decision to invest in Sovereign Green Bonds (SGBs). By incorporating these green bonds into pension funds, PFRDA aims to support sustainable projects while offering pension subscribers an opportunity to contribute to climate change mitigation and environmentally friendly initiatives.
Progress Under Pradhan Mantri Krishi Sinchayee Yojana Shows Positive Impact on Agricultural Sector

Progress Under Pradhan Mantri Krishi Sinchayee Yojana Shows Positive Impact on Agricultural Sector

The Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) has made remarkable strides in boosting agricultural productivity and water resource management across India. With a focused approach on irrigation infrastructure development and water conservation, the scheme has positively impacted farmers' lives, leading to increased crop yields and sustainable agricultural practices.
Sberbank India Receives RBI Approval to Set Up IT Unit in Bengaluru

Sberbank India Receives RBI Approval to Set Up IT Unit in Bengaluru

Sberbank's India branch has received the green light from the Reserve Bank of India (RBI) to establish an IT unit in Bengaluru. The newly established IT office, operating as the in-house Data Processing Center, will enable the bank to leverage Bengaluru's status as India's foremost scientific and industrial hub, known as the "Silicon Valley of India." With a focus on information technology development, the Bengaluru unit will cater to the technological needs of the Indian branch and spearhead the creation and implementation of cutting-edge digital products for clients. Sberbank's commitment to the region's growth is evident in its plan to employ up to 200 IT specialists, providing ample employment opportunities in the area.
Prime Minister Modi Pays Tribute to Freedom Fighter Chandrashekhar Azad on his Jayanti

Prime Minister Modi Pays Tribute to Freedom Fighter Chandrashekhar Azad on his Jayanti

On the occasion of the birth anniversary of the valiant freedom fighter Chandrashekhar Azad, Prime Minister Narendra Modi paid his heartfelt tribute. Chandrashekhar Azad, born as Chandrashekhar Tiwari in 1906, hails from the princely state of Alirajpur and was deeply influenced by the Jallianwala Bagh massacre, which ignited his fervent participation in India's Freedom Struggle. His unwavering commitment to armed struggle and his role in the Hindustan Socialist Republic Association (HSRA) made him a significant figure in the fight against British rule, inspiring generations with his bravery and determination.
Elon Musk Unveils New 'X' Logo for Twitter: A Step Towards the 'Everything App' Vision

Elon Musk Unveils New ‘X’ Logo for Twitter: A Step Towards the ‘Everything App’ Vision

Elon Musk, the owner of Twitter, recently introduced the platform's new logo, a bold 'X,' replacing the iconic bird emblem. This logo change is part of Musk's ambitious plan to transform Twitter into an "everything app" akin to China's WeChat. The move follows Musk's description of Twitter as an "accelerant to creating X, the everything app" before acquiring the platform for $44 billion. The 'X' logo, which holds significant meaning for Musk, signifies a larger effort to expand Twitter's functionalities beyond microblogging and into a multi-purpose platform.
One District One Product (ODOP) Collaborates with Government of Gujarat to Promote Indigenous Crafts

One District One Product (ODOP) Collaborates with Government of Gujarat to Promote Indigenous Crafts

The One District One Product (ODOP) program, a joint initiative by the DPIIT and the Ministry of Commerce & Industry, has formed a significant partnership with the Government of Gujarat to elevate and promote the indigenous crafts and artisans of the state. Through product tagging and story cards, this collaboration aims to enhance the recognition and sales of Gujarat's unique products, while Garvi Gujarat Bhawan showcases ODOP products within its interiors. ODOP interventions in Gujarat have been focused on specific products, like Sujani Handloom and Patan Patola, supported by the National Institute of Design. This strategic initiative plays a crucial role in fostering self-reliance and balanced regional development across India.
HCL Tech Joins XR Startup Program to Boost Indian Extended Reality Innovation

HCL Tech Joins XR Startup Program to Boost Indian Extended Reality Innovation

HCL Tech, a prominent multinational IT company, has partnered with the XR Startup Program, a collaborative effort between Meta and the MeitY Startup Hub, to strengthen and accelerate the growth of extended reality (XR) technology startups in India. By providing tailored mentorship, access to global infrastructure, and advanced engineering technology, HCL Tech aims to empower Indian startups to lead and innovate in crucial sectors such as education, healthcare, and agri-tech.
UNDP and Absolute® Partner to Strengthen India's Agricultural Resilience

UNDP and Absolute® Partner to Strengthen India’s Agricultural Resilience

The United Nations Development Programme (UNDP) and bioscience company Absolute® have joined forces in a significant collaboration to enhance India's Pradhan Mantri Fasal Bima Yojana (PMFBY), empowering farmers and bolstering the agricultural sector's resilience. This partnership aims to tackle the challenges faced by Indian farmers, such as weather fluctuations, pest attacks, erratic rainfall, and humidity, which often result in reduced yields and income.
ISRO Successfully Tests Gaganyaan Human Spaceflight Mission

ISRO Successfully Tests Gaganyaan Human Spaceflight Mission

On 19th July, the Indian Space Research Organization (ISRO) achieved a significant milestone by successfully testing the Gaganyaan Human Spaceflight Mission at the ISRO Propulsion Complex (IPRC) in Mahendragiri, Tamil Nadu. The mission entails sending a crew of three members to a 400 km orbit for a three-day journey and ensuring their safe return to Earth, with a planned landing in the Indian Sea Waters. The Gaganyaan project aims to showcase India's capability for human spaceflight, and it involves the integration of multiple propulsion systems, including liquid apogee motors (LAM) and reaction control thrusters (RCS), to achieve precise control and maneuverability during the mission.
Government Exempts Regional Rural Bank Mergers from Competition Commission Approval

Government Exempts Regional Rural Bank Mergers from Competition Commission Approval

The Indian government has taken a significant step by exempting mergers of Regional Rural Banks (RRBs) from the approval process of the Competition Commission of India (CCI). The exemption, which will be valid for a period of five years, signals the possibility of further consolidation in the RRB sector. The move aims to expedite the merger process and aligns with the government's focus on modernizing RRBs to stimulate credit growth in remote areas and boost the economy.
Mesolithic Rock Paintings and Kakatiya Dynasty Art Found in Rudragiri Hillock, Andhra Pradesh

Mesolithic Rock Paintings and Kakatiya Dynasty Art Found in Rudragiri Hillock, Andhra Pradesh

Archaeologists have made a captivating discovery in Rudragiri hillock, Orvakally village, Guntur district, Andhra Pradesh. The site unveils an intriguing combination of prehistoric rock paintings dating back to the Mesolithic period, around 5000 B.C., alongside exquisite artwork from the renowned Kakatiya dynasty. The hillock, nestled amidst the Eastern Ghats, served as living quarters during the Mesolithic age, providing valuable insights into the life and artistic expressions of that era. The presence of three caves on the hillock reveals fascinating murals, including a narrative mural portraying the intense battle between the Vanara Brothers, Vali and Sugriva, and a grand sketch of Hanuman carrying the Sanjeevani Hills, symbolizing his mission to save Lakshmana's life.
RBI Revokes License of United India Cooperative Bank Ltd Due to Financial Constraints

RBI Revokes License of United India Cooperative Bank Ltd Due to Financial Constraints

The Reserve Bank of India (RBI) has taken the significant step of canceling the registration certificate of United India Cooperative Bank Ltd, situated in Bijnor, Uttar Pradesh. This decision was made due to the bank's inadequate capital and unfavorable earning prospects, along with its failure to comply with the requirements of the Banking Regulation Act, 1949. Consequently, the bank is promptly restricted from conducting any banking operations, including accepting and repaying deposits. The RBI has expressed concerns over the interests of depositors, and in the event of liquidation, depositors may be eligible to claim a deposit insurance amount from the Deposit Insurance and Credit Guarantee Corporation (DICGC).
Chhattisgarh Launches Gramin Awaas Nyay Yojna for Free Housing to Poor

Chhattisgarh Launches Gramin Awaas Nyay Yojna for Free Housing to Poor

Chhattisgarh's Chief Minister, Bhupesh Baghel, has announced the inauguration of the Gramin Awaas Nyay Yojna, a new rural housing scheme aimed at providing free housing facilities to the underprivileged in the state. This initiative intends to support poor families who were ineligible for the PM Awaas Yojna based on the 2011 SECC data. Through a new survey conducted by the Department of Panchayat and Rural Development, eligible beneficiaries will be identified to receive pucca houses, alleviating housing concerns for rural families.
Indian Government Introduces Innovative Credit Guarantee Scheme for Livestock Sector

Indian Government Introduces Innovative Credit Guarantee Scheme for Livestock Sector

The Indian government has launched a groundbreaking "Credit Guarantee Scheme" dedicated to the Livestock Sector with the aim of revitalizing the rural economy and empowering Micro, Small & Medium Enterprises (MSMEs). Under the supervision of the Department of Animal Husbandry & Dairying (DAHD), a Credit Guarantee Fund Trust of Rs 750 crore has been established to offer credit guarantee coverage to eligible lending institutions, ensuring enhanced access to finance for the underserved livestock sector.
Himachal Pradesh Launches 'Sashakt Mahila Rin Yojna' to Empower Women Economically

Himachal Pradesh Launches ‘Sashakt Mahila Rin Yojna’ to Empower Women Economically

Himachal Pradesh Chief Minister, Sukhvinder Singh Sukhu, announced the initiation of the 'Sashakt Mahila Rin Yojna,' a collateral-free loan scheme aimed at empowering women economically. Launched by the Himachal Pradesh State Cooperative Bank (HPSCB), the scheme intends to provide bonafide Himachali women with financial assistance to pursue their entrepreneurial dreams, engage in livelihood activities, and uplift their families without the need for collateral or assets.
Andhra Pradesh Releases Millions of Gambusia Fish to Combat Malaria and Dengue Outbreaks

Andhra Pradesh Releases Millions of Gambusia Fish to Combat Malaria and Dengue Outbreaks

The Andhra Pradesh Government has taken a significant step to combat the rising cases of malaria and dengue in the state. In an effort to control mosquito-borne diseases, they have recently released around 10 million Gambusia fish into various water bodies. Gambusia, also known as mosquito fish, has been used as a biological agent for mosquito larvae control for over a century worldwide, including India. However, while it has shown promising results, there are concerns about its effectiveness in certain environments and the lack of sufficient data for proper regulation and remedial measures.
RBI to Provide Guidelines for Banks to Facilitate Faster Rupee Trade

RBI to Provide Guidelines for Banks to Facilitate Faster Rupee Trade

The Reserve Bank of India (RBI) is set to outline a standard operating procedure (SOP) for banks to streamline and expedite rupee trade transactions. With the aim of enhancing efficiency and reducing delays, these guidelines will offer a framework for banks to follow when handling rupee trade operations. This move is expected to boost trade facilitation and strengthen the Indian rupee's position in international markets.
Understanding Approval Voting: A Voter-Friendly Electoral System Explained

Understanding Approval Voting: A Voter-Friendly Electoral System Explained

Approval voting, a unique electoral system gaining attention worldwide, offers a voter-friendly alternative to traditional voting methods. This approach allows voters to cast their approval for multiple candidates, eliminating the need for strategic voting and promoting greater representation. Learn more about approval voting, its benefits, and its potential to reshape electoral processes in democracies.
Introducing Donanemab: A Breakthrough Alzheimer's Drug with Promising Potential

Introducing Donanemab: A Breakthrough Alzheimer’s Drug with Promising Potential

Donanemab, a novel drug for Alzheimer's disease, has emerged as a potential game-changer in the field of neurodegenerative disorders. With its unique mechanism of action targeting amyloid plaques, Donanemab has shown promising results in clinical trials, offering hope for the treatment of Alzheimer's. This breakthrough drug has the potential to revolutionize the management of this devastating disease and improve the lives of millions affected by it.
Karnataka Launches Gruha Lakshmi Scheme to Promote Affordable Housing

Gruha Lakshmi Scheme: Empowering Women Heads of Households in Karnataka

The Karnataka Government has launched the Gruha Lakshmi Scheme, a transformative initiative aimed at providing financial assistance to women who are the heads of their households. Under this scheme, eligible beneficiaries can register for free, either online through the sevasindhuservices.karnataka.gov.in website or offline at designated Common Service Centres (CSCs) in the state. The registered beneficiaries will receive a monthly financial aid of Rs. 2,000 directly in their bank accounts through the DBT mode. This ambitious program is set to benefit over 1.1 crore women and has been allocated a substantial budget of Rs. 18,000 crore. Let's delve into the details of this empowering scheme.
Ramgarh Vishdhari Tiger Reserve (RVTR) Witnesses the Birth of Cubs for the First Time

Ramgarh Vishdhari Tiger Reserve (RVTR) Witnesses the Birth of Cubs for the First Time

In a momentous event, the Ramgarh Vishdhari Tiger Reserve (RVTR) has celebrated the birth of tiger cubs for the first time. This significant milestone highlights the conservation efforts and success in preserving the tiger population in the reserve. The birth of the cubs brings hope for the future and underscores the importance of protecting and nurturing wildlife habitats.
Indian Oil Signs Lucrative Agreements with Total Energies and Adnoc, Boosting LNG Trade

Indian Oil Signs Lucrative Agreements with Total Energies and Adnoc, Boosting LNG Trade

Indian Oil Corporation Limited (IOC) has inked substantial agreements worth billions with Total Energies of France and Adnoc of Abu Dhabi. The deals include a long-term LNG Sale and Purchase agreement with Total Energies and a supply agreement with Adnoc, marking a significant milestone in India's LNG trade and fostering international cooperation in the energy sector.
EU Allocates €500 Million in First Phase Funding for India's Green Energy Initiatives

EU Allocates €500 Million in First Phase Funding for India’s Green Energy Initiatives

In a significant development, the European Union (EU) has earmarked €500 million in the first phase of funding to support India's green energy initiatives. This financial commitment from the EU underscores the importance of global collaboration in combating climate change and promoting sustainable energy solutions. The funding will aid India's efforts to accelerate the adoption of renewable energy sources and reduce greenhouse gas emissions.
SBI and HDFC Bank Intensify Campaigns as Digital Currency Pilot Gains Pace

SBI and HDFC Bank Intensify Campaigns as Digital Currency Pilot Gains Pace

State Bank of India (SBI) and HDFC Bank have ramped up their campaigns as the pilot phase of digital currency gains momentum. Both banks are actively promoting digital currency adoption and educating customers about the benefits and usage of digital currencies in various transactions. This move highlights the increasing focus on digital currency initiatives in India's banking sector.
Sarbananda Sonowal Launches Curtain Raiser of Global Maritime India Summit 2023

Sarbananda Sonowal Launches Curtain Raiser of Global Maritime India Summit 2023

Sarbananda Sonowal, the Minister of Ports, Shipping, and Waterways, unveiled the curtain raiser of the Global Maritime India Summit 2023. The event sets the stage for a significant international gathering that aims to explore opportunities and promote collaboration in the maritime sector. The summit will bring together global stakeholders to discuss the future of the maritime industry and showcase India's potential as a leading maritime nation.
Study Reveals Link Between Fusobacterium and Endometriosis, Treatment Options Explored

Study Reveals Link Between Fusobacterium and Endometriosis, Treatment Options Explored

A recent study has established a connection between the infectious bacterium Fusobacterium and endometriosis in some women. The varying locations of lesions in each individual still puzzle scientists, who are diligently working to uncover the underlying reasons. Furthermore, the study explores potential treatment options, including the role of fibrous food in managing the condition.
Meta and Microsoft Introduce the Next Generation of Llama

Meta and Microsoft Introduce the Next Generation of Llama

Tech giants Meta (formerly known as Facebook) and Microsoft have teamed up to unveil an innovative breakthrough in the world of artificial intelligence (AI) and virtual reality (VR). The collaboration has resulted in the development of the next generation of Llama, a cutting-edge technology that promises to revolutionize the way we interact with virtual environments.
Nokia Establishes 5G Skill Development Center in Gujarat, Aims to Empower Workforce

Nokia Establishes 5G Skill Development Center in Gujarat, Aims to Empower Workforce

Nokia, in collaboration with the Telecom Sector Skill Council (TSSC) and Kaushalya-The Skill University, has announced the launch of a dedicated 5G skill development center in Gujarat. With a focus on job placements, the center aims to train individuals in 5G technology skills and provide employment opportunities within a short span of time after completing the course. The inauguration ceremony was attended by Balvantsinh Rajput, the Cabinet Minister for Labour and Employment in the state.
India Makes Striking Progress in Reducing Multidimensional Poverty, NITI Aayog Report Reveals

India Makes Striking Progress in Reducing Multidimensional Poverty, NITI Aayog Report Reveals

India's relentless efforts to combat multidimensional poverty have yielded remarkable results, with an astounding 13.5 crore individuals escaping poverty between 2015-16 and 2019-21. The recently released 'National Multidimensional Poverty Index: A Progress Review 2023' report by NITI Aayog showcases the country's commitment to sustainable and inclusive development. The report highlights improvements across 12 indicators, such as health, education, and standard of living, contributing to a decline in the multidimensional poverty rate from 24.85% to 14.96%. India's significant progress places it well ahead of the 2030 target set by the SDGs and underscores the effectiveness of government initiatives focused on poverty eradication and inclusive growth.
Measles Outbreak Surges in India and Worldwide, Urgent Vaccination Efforts Needed

Measles Outbreak Surges in India and Worldwide, Urgent Vaccination Efforts Needed

The resurgence of measles is causing alarm in India and various other countries, with the number of cases escalating rapidly following the Covid-19 pandemic. India, Yemen, and Pakistan are among the nations witnessing a significant surge in measles cases, as reported by the World Health Organization (WHO). Measles, a highly contagious viral disease, poses a grave threat, particularly to children. Urgent global efforts are required to curb the spread of this preventable disease and ensure widespread vaccination.
DGFT Implements Streamlined Approach for Advance Authorisation and Norms Fixation

DGFT Implements Streamlined Approach for Advance Authorisation and Norms Fixation

The Ministry of Commerce & Industry, through the Directorate General of Foreign Trade (DGFT), has introduced significant advancements to the Advance Authorisation and Norms Fixation Workflow. With the aim of enhancing efficiency and simplifying the process, exporters can now access a searchable database of Ad-hoc Norms, reducing the need for review by the Norms Committee. This trade facilitation measure not only shortens turnaround times and reduces the compliance burden but also aligns with the government's vision of promoting exports and creating a favorable business environment.
India Mobile Congress 2023: Promoting Global Digital Innovation

India Mobile Congress 2023: Promoting Global Digital Innovation

The highly anticipated seventh edition of the India Mobile Congress (IMC) is set to take place from October 27 to October 30, 2023, at Pragati Maidan in New Delhi. Co-hosted by the Department of Telecommunications and the Cellular Operators Association of India, this premier digital technology exhibition will gather industry leaders, policymakers, and innovators under the theme of "Global Digital Innovation." IMC 2023 aims to showcase India's pivotal role in the global digital revolution, with a focus on breakthroughs in 5G, 6G broadcasting, satellite technology, semiconductors, drones, devices, and green technologies. The event expects to attract over 100,000 participants, including 5,000 CXO level delegates, feature 350 speakers, and host more than 400 exhibitors. IMC 2023 also intends to expand its scope by involving industries such as drone technology, power electronics, consumer electronics, AI innovations, deep tech, mobile manufacturing, and cyber security. Additionally, the inclusion of at least 100 universities and the introduction of a consumer-facing cyber security section are being considered. The vision for IMC 2023 is to position India as a technology developer, telecom manufacturer, and exporter, with the event playing a crucial role in realizing this ambition. The concept of virtual exhibitions is also being explored to extend the reach of IMC beyond New Delhi.
Understanding the Maputo Protocol: Empowering Women's Rights in Africa

Understanding the Maputo Protocol: Empowering Women’s Rights in Africa

The Maputo Protocol, also known as the Protocol to the African Charter on Human and Peoples' Rights on the Rights of Women in Africa, is a significant legal instrument aimed at promoting and protecting women's rights across the African continent. This protocol, adopted by the African Union, outlines comprehensive measures to address various issues affecting women, including gender-based violence, discrimination, and harmful practices. By recognizing and upholding the rights of women, the Maputo Protocol seeks to empower women and create a more equitable and inclusive society.
Exploring the Extraordinary Journey of Zarina Hashmi: A Biography that Unveils an Artist's Creative Odyssey

Exploring the Extraordinary Journey of Zarina Hashmi: A Biography that Unveils an Artist’s Creative Odyssey

The much-anticipated biography of renowned artist Zarina Hashmi has been released, offering an intimate glimpse into her extraordinary life and artistic journey. From her humble beginnings in Aligarh, India, to becoming a globally acclaimed figure in the art world, this biography delves into the inspirations, struggles, and triumphs that shaped Zarina's artistic voice. A testament to her indomitable spirit and unwavering passion, this biography celebrates the legacy of an exceptional artist.
Manoj Ahuja Launches 'Bharat for Banks' Campaign under Agri Infra Fund to Empower Rural Banking

Manoj Ahuja Launches ‘Bharat for Banks’ Campaign under Agri Infra Fund to Empower Rural Banking

Manoj Ahuja, the renowned financial expert, has unveiled an ambitious campaign titled 'Bharat for Banks' as part of the Agri Infra Fund initiative. This pioneering campaign aims to revolutionize rural banking by enhancing access to financial services and promoting inclusive growth in India's agricultural sector. With a focus on empowering farmers and rural communities, 'Bharat for Banks' seeks to bridge the financial gap and foster economic development in rural areas.