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nFiNi Platform – NPCI and Finserv

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NPCI (National Payments Corporation of India) in PARTNERSHIP with Fiserv Inc. to launch the plug-and-play RuPay card stack, nFiNi. nFiNi is a ready stack of offerings required for fintechs and banks to difficulty RuPay credit cards and will enable fintech to co-create bank-sponsored credit cards. It is a BaaS (Banking-as-a-service) programme.

The nFiNi platform will power RuPay cards (including National Common Mobility Card) with the aid of imparting access to wished Services via the NPCI community blended with FirstVisionTM cloud-based open API integrations from Fiserv.

India and Australia Relations – 2+2 Ministerial Dialogue

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The Indian External Affairs Minister and the Minister of Defense held talks with the Australian Foreign Minister at the high-level meeting of the India-Australia 2+2 Foreign Ministers and Defense Ministers Dialogue in New Delhi.

Highlights:

This dialogue aims to further strengthen the overall defense and strategic cooperation between the two countries, including cooperation in the Indo-Pacific region amid Chinas growing military confidence in the region.

The in-person talks are taking place at a time the world focus has been on the situation in Afghanistan and the problem is possible to determine in the deliberations.

The talks between the foreign and defense ministers were held as the Quad member states renewed their efforts to expand cooperation in the Indo-Pacific region.

Ranking of airports globally

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Worlds top-5 include:

Doha Hamad International Airport

Tokyo Haneda airport

Changi airport Singapore

Seoul Incheon International Airport and

Tokyo Narita

It was constituted under the Chairpersonship of Minister for Social Justice and Empowerment.

The council look after the implementation of the Policy and advise the Government to formulate and implement policy and programmes for senior citizens.

NCOP was reconstituted in 2012 to encourage more participation from every region. Council was renamed as National Council of Senior Citizens (NCSrC).

Third meeting of the Council was held in June, 2018.

Issues like Schemes, Programmes and Act were discussed in the meeting for the welfare of Senior Citizens.

Status or action taken by the Government is listed below:

Council suggested to strengthen the Amendments to the Maintenance and Welfare of Parents and Senior Citizens (MWPSC) Act, 2007. Following it, government introduced Maintenance and Welfare of Parents and Senior Citizens (Amendment) Bill, 2019 in the Lok Sabha.

Council suggested to organise more distribution camps under Rashtriya Vayoshri Yojana (RYY). Based on this, Department of Social Justice and Empowerment revised RVY to cover all the districts across country.

Council also advised to simplify the process of registration of NGOs following which, Department of Social Justice and Empowerment has been running a simplified Online NGO portal called e-Anudaan.

It suggests to provide financial assistance to senior citizens who are cancer patients from Senior Citizens Welfare Fund (SCWF). In line with the suggestion, government is providing financial assistance of up to Rs 2 lakh under Rashtriya Arogya Nidhi (RAN) scheme.

Mumbai to get IIM, Maharashtra only state with two such institutes

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The financial capital of the country will finally get an Indian Institute Of Management. After several years, and many proposals later, the decision to give Maximum City the countrys top-brand business school was taken. Earlier this week, the central government decided to clear the decks to convert National Institute of Industrial Engineering to IIM-Mumbai, reportsHemali Chhapia. This will be Indias 21stIIMand Maharashtra will be the only state to have two IIMs, the other one being in Nagpur.

Mumbais tryst with an IIM started decades ago. The book The IIM-A story the DNA of an institution recorded that in 1955 the Cwntre appointed a panel and in 1957 a Harvard Business School panel recommended Mumbai as the location.

Nari Adalat

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The https://exam.pscnotes.com/national-commission-for-Women“>National Commission for Women (NCW) used to provide financial assistance to Non-Governmental Organisations (NGOs) for organising Parivarik Mahila Lok Adalats (PMLAs) till the year 2014-2015. Thereafter, the scheme has been discontinued by the NCW.

The Government has now approved Mission Shakti, an integrated women Empowerment programme. The program is carefully designed to touch upon and address all concerns and issues of women, responsively, in a comprehensive manner, and during their entire lifecycle continuum. One of the components included in Mission Shakti is ‘Nari Adalat’. Initially, it is being started on a pilot basis, for providing women with an alternate Grievance Redressal Mechanism for resolving cases of petty nature (harassment, subversion, curtailment of rights or entitlements) faced by them at local level.

Going beyond $: India, UAE sign rupee-dirham trade pact

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he Reserve Bank Of India (RBI) and theCentral Bank of UAE decided to move further on strengthening the economic engagement between the two countries by agreeing to allow exporters and importers from either side to invoice and pay in their respective domestic currencies rupee and dirham while working on a messaging system that could be an alternative to SWIFT (Society for Worldwide Interbank Financial Telecommunication), the globally used system to remit across borders.

The second MoU dealt with Payments and Messaging Systems and includes linking the Fast Payment Systems (FPSs) Unified Payments Interface (UPI) of India with the Instant Payment Platform (IPP) of the UAE. It also envisages linking the respective payment card switches RuPay switch and UAESWITCH.

The UPI-IPP linkage will enable users in either country to make fast, convenient, safe and cost-effective cross-border funds transfers. Similarly, linking the respective card switches will facilitate the mutual acceptance of domestic cards and the processing of card transactions.

NASA sends out images of star-forming region in space

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NASA’sJames Webb Space Telescope‘s first anniversary image showcases star birth in the Rho Ophiuchi cloud complex, the closest star-forming region toEarth. The chaotic close-up captures jets bursting from young stars, impacting interstellar gas and molecular hydrogen. Some stars display the telltale shadow of a circumstellar disk, making up future planetary systems.

NASA’sJamesWebbSpaceTelescope has successfully revealed the universe in its first year of science operations, revealing a small star-forming region in the Rho Ophiuchi cloud complex. The telescope’s image celebrates its successful first year, revealing the universe like never before. New Webb image captures 390 Light-years of star-forming region, providing detailed close-up without foreground stars, revealing the nearest star-forming region.

Webb’s image depicts a region with 50 young stars, all similar in mass to the Sun or smaller. The darkest areas are densest, where thick dust cocoons protostars. The image is dominated by huge bipolar jets of molecular hydrogen, represented in red, which occur when a star bursts through its cosmic dust envelope.

INS Tabar Exercises was Held

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The INS Tabar exercise was held with the Italian Navy near Naples, Italy, as part of a continuous deployment to the Mediterranean

Highlights:

The exercise covered a broad range of naval operations, such as air DEFENCE procedures and Communication drills.

The exercise benefited both parties by improving interoperability and consolidating combined operations against maritime threats.

Major Indian Maritime Exercises:

SLINEX – Sri Lanka
Bongosagar and IN-BN CORPAT Bangladesh
JIMEX – Japan
Naseem-Al-Bahr – Oman
Indra – Russia
Zair-Al-Bahr – Qatar
Samudra Shakti – Indonesia
Indo-Thai CORPAT – Thailand
IMCOR – Malaysia
SIMBEX – Singapore
AUSINDEX – Australia
Malabar Exercise – Japan, and the USA

Agriculture Infrastructure Fund – Central Sector Scheme

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has approved changes to the Central Sector Scheme of financing facility under the Agriculture-notes-for-state-psc-exams”>Agriculture Infrastructure Fund’.

Highlights:

State Agencies/APMCs, National and State Federations of Cooperatives, Federations of Farmers Producers Organizations (FPOs), and Federations of Self-Help Groups are now eligible (SHGs).

Currently, the scheme allows for interest subventions on loans of up to Rs. 2 crore in a single location.

If an eligible entity other than a private sector entity (i.e., state agencies, national and state federations of cooperatives, federations of FPOs, and federations of SHGs) establishes projects in multiple locations, all such projects will now be eligible for interest subsidies of up to Rs. 2 crore.

However, a private sector entity will be limited to a maximum of 25 such projects.

For APMCs, an interest subvention of up to Rs. 2 crore will be provided for each project of different infrastructure types, such as cold storage, sorting, grading, and assaying units, silos, and so on, within the same market yard.

India Industrial Land Bank IILB

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The Industrial Land Bank Of India is a GIS-based portal that contains all information related to industrial , such as connectivity, infrastructure, Resources“>Natural Resources and topography, plot-level information about open spaces, activity lines, and contact information.

It serves as a one-stop shop for all industrial infrastructure-related data.

It acts as a decision-support system for investors scouting land remotely.

It is currently integrated with Industry-based GIS systems from 17 states, allowing details on the portal to be updated in real time.

The IILB has planned about 4,000 industrial parks on 550,000 hectares of land and is expected to achieve pan-Indian integration by December 2021.

It is administered by the Department of Industry and Internal Trade (DPIIT).