Rupee Vostro Account system

The Rupee Vostro Account system is a financial arrangement that enables to conduct transactions in Indian rupees with domestic banks. The term vostro is derived from the Latin phrase in nostro vostro, which translates to in our account, in your account. In this context, the domestic bank is referred to as the vostro bank, and the foreign bank is the nostro bank.

The Reserve Bank Of India (RBI) regulates the Rupee Vostro Account system, which allows foreign banks to maintain accounts with domestic banks to facilitate trade and Investment activities in India. The system provides a secure and transparent mechanism for foreign banks to conduct transactions in Indian rupees without having to set up a local branch in India.

Ministry of Panchayati Raj celebrates National Panchayat Awards Week

The Ministry of is celebrates National Panchayat Awards Week from 17th to 21st April, 2023, as part of the Azadi Ka Amrit Mahotsav (AKAM) 2.0, leading up to National Panchayati Raj Day on 24th April, 2023. In order to commemorate this occasion in a meaningful manner and to align with the AKAM 2.0 guidelines of taking a whole-of-Society and whole-of-government approach, the Ministry of Panchayati Raj has developed a series of Thematic Conferences centered around the theme Panchayaton ke Sankalpon ki Siddhi ka Utsav to increase the reach of AKAM 2.0 and positively impact the lives of all Indians

The Awardee Panchayats under various categories of National Panchayat Awards2023 namely, (i)Deen Dayal Upadhyay Panchayat Satat Vikas Puraskar(DDUPSVP) for the performance under individual LSDG themes

PM Modi Inaugurates Healthcare Projects at IIT Guwahati

India Prime Minister Shri Narendra Modi marked his presence at the foundation stone laying ceremony at IIT Guwahati.

He introduced various projects in Healthcare Sector worth Rs 14,300 crores. These developmental projects were launched at the Research and Healthcare Facility of the university.

Modi also plans to visit the new building of AIMS Guwahati. Along with this, the Apke Dwar Ayushman scheme will also come up soon among other events lined up for him.

Nepal becomes founding member of International Big Cats Alliance

Nepal has become a founding member of the International Big Cats Alliance. During the launch of the alliance under Indias initiative, Minister for Energy Shakti Bahadur Basnet handed over the letter mentioning Nepal will be associated with the alliance as a founding member to Indian Minister for Forest and https://exam.pscnotes.com/Climate-change”>Climate Change Bhupendra Yadav

Indian Prime Minister Narendra Modi launched the alliance aimed at the conservation of seven big cats namely tiger, lion, leopard, snow leopard, cheetah, jaguar and puma. India has assured support over five years with guaranteed funding of $100 million for the alliance.

The tiger Population in Nepal reached 335 in 2022 from 121 in 2010 as a result of the government working in PARTNERSHIP with local communities, security agencies and conservation partners. Nepal successfully achieved its goal of doubling the tiger population by 2022 as per its commitment made during the first tiger summit in 2010 in St Petersburg

Turkeys First Aircraft Carrier to Host Worlds First Mainly Unmanned Air Wing

The Turkish Navy has received the TCG Anadolu, its first aircraft carrier, which is expected to house the worlds first air wing made primarily of unmanned aircraft. Turkish President Recep Tayyip Erdoan said the vessel would host many manned and unmanned aerial vehicles, with the TB3 from the Bayraktar family being the latest prototype tested on the carriers flight deck.

The TB3 is a naval drone with foldable wings designed for ship decks and short runways, while its line-of-sight and beyond-line-of-sight communications capabilities allow it to be operated from far away locations. The TCG Anadolu is based on Spains flagship, the Juan Carlos I, with a displacement of 27,436 tons and a top speed of about 21 knots

World Haemophilia Day 2023 Celebrated

World Haemophilia Day is remembered on April 17 every year. This day also signifies the birthday of Frank Schnabel, the founder of the World Federation of Haemophilia.

This day is to create awareness among all humans about the symptoms and healthcare facilities available to people suffering from blood disorders.

Bleeding that often occurs in knees, arms, mouth, gums, skin, etc is very dangerous in certain cases. With particular medications, blood clotting patterns can be controlled.