Current Affairs Exam

RBI, UAEs Central Bank signs MoU to promote Innovation

June 14, 2024 by rawan239

The Reserve Bank Of India and the Central Bank of UAE jointly sign an official agreement for encouraging Innovation in financial products and Services.

Central Banks will altogether survey the Central Bank Digital Currencies and will also draw comparability between the CBDCs of CBUAE and RBI.

Pilot tests will be held to provide cross-border transactions. Through this initiative, the economic ties will deepen between India and UAE.

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Use of nano urea can reduce fertiliser subsidy bill by Rs 25K annually

June 14, 2024 by rawan239

The standing committee report on ‘Nano-Fertilisers for Sustainable Crop production and Maintaining Health‘ has raised concerns over the excessive use of conventional urea and continuous increase in itsimport of ureaover the years,

which rose from 5.5 million tonnes (MTs) in 2016-17 to 9.8 MTs in 2020-21, the panel has said the subsidy burden on account of urea import constitutes 26% of the overall urea subsidy paid in a year by the government.

The panel has also recommended the government to put

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in place a system to sell one bottle of nano urea and four bags of urea to farmers instead of five bags of the conventional soil nutrient. It has recommended the government for more use of drones for spraying nano urea.

India joins global Agriculture Innovation Mission for Climate

June 14, 2024 by rawan239

U.S. and UAE collectively launched the Agriculture-notes-for-state-psc-exams”>Agriculture Innovation Mission for Climate AIM4C in November 2021. India also joined the global platform.

The aim was to strengthen and provide support for Climate-Smart Agriculture and food systems innovation, as stated by the US Department of state.

This initiative has resulted in the rise of investments to USD 8 billion at a global level. India has joined with as many

as 275 partners out of which 42 are governments who are working together to accelerate the mission.

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Changi Airport awarded Worlds Best Airport 2023

June 14, 2024 by rawan239

Singapore’s Changi Airport has been titled the Worlds Best Airport for the year 2023 and it has been winning for 8 continuous years.

Delhi’s Indira Gandhi International Airport also won the Best Airport in India and South Asia award.

Skytrax, a UK-based consultancy company publishes reviews and survey reports every year.

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Pact on air information sharing soon: US secretary of Air Force

June 14, 2024 by rawan239

India and the US are now working to finalise an air information sharing agreement, even as they explore opportunities under theDefence Technologyand Trade Initiative (DTTI) for co-development and co-production of high-tech weapon systems as well as the much broader Initiative on Critical and Emerging Technologies (iCET).

India and the US signed the Basic Exchange and Cooperation Agreement for Geospatial Cooperation (BECA) in 2020, the Communications, Compatibility and Security Arrangement (COMCASA) in 2018, the Exchange Memorandum of Agreement (LEMOA) in 2016 and the General Security of Military Information Agreement (GSOMIA) in 2002.

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An Employment initiative Capital Employer

June 14, 2024 by rawan239

The Capital Employer Initiative is a programme financed by the Ministry of Rural Development (MoRD) under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY), which is a nationwide placement-linked skill training program.

Captive Employer, is a first of its kind initiative that is aimed at addressing the

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vision of a demand-based and dynamic skilling ecosystem that caters to the requirements of the while assuring sustainable placements for the rural poor youth of the country. Under this initiative, post-training placement of candidates for at least six months with a minimum CTC of Rs 10,000 has been assured.

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Delhi Government launched Online portal My EV

June 14, 2024 by rawan239

An online portal My EV was launched by the Delhi government for the purchase and registration of electric autos in Delhi.

The portal is accessible to all users on the website of the Delhi governments transport department.

The portal will enable holders of the Letter of Intent (LoI) to purchase electric autos and also claim the incentives provided by the Delhi government. Around 4,261 Letters of Intent (LoIs) for electric autos are being given by the Delhi government. Also, there is a 33% reservation provided for Women.

The online portal will ensure that the

interest subvention on the loans is provided to beneficiaries via a smooth automated channel.

The My EV Portal is an online portal developed by the Delhi government in collaboration with Convergence Energy Services Limited (CESL).

IIFL securities launches primary markets investment platform OneUp

June 14, 2024 by rawan239

IIFL Securities on Friday launched OneUp, Indias first primary markets platform for investing in initial public offerings (IPOs), non-convertible Debentures (NCDs) and sovereign gold Bonds (SGBs), among others.

As per the brokerage, on the OneUp platform, the IPO applications are accepted 24×7 and up to three days

before the IPO bidding opens. Another unique feature of the OneUp platform is that it allows investors to place bids for others as well, be it, friends or family members, which can increase chances of allotment.

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National Vaccination Day: 16 March

June 14, 2024 by rawan239

Every year, March 16 is observed as National Vaccination Day in India to increase the importance of Vaccines in the human Health system. The Covid-19 has made us understand the importance of vaccines and their role in benefitting our lives.

This day creates awareness regarding how effective vaccination is to prevent deadly diseases. Mostly, this day celebrates India’s victory over polio disease along with an improvement in the health and life expectancy of an individual.

The first

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dose of oral polio vaccine got started in the year 1995 in India.

Permanent Normal Trade Relations (PNTR)

June 14, 2024 by rawan239

U.S. and others in the Group of Seven () advanced economies would end normal trade relations, known as Permanent Normal Trade Relations (PNTR) with Russia as it pursues its invasion of Ukraine.

PNTR is USAs version of Most Favored Nation (MFN).

In international trade, MFN status (or treatment) is awarded by one nation to another.

Most Favoured Nation status designation means two countries have agreed to trade with each other under the best possible terms: low tariffs, few barriers to trade and the highest possible imports allowed.

A nation with MFN status will not be discriminated against and will not be treated worse than any other nation with MFN status.

In USAs case, granting of permanent normal trade relations status is automatic, except where specifically denied by law.

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