About Merchant Discount Rate (MDR) is a fee charged from merchants or business owners when they receive payments from customers via digital methods such as credit and debit cards. MDR compensates the bank issuing the card, the bank which …
About AFSPA Passed in 1958 for the North-East and in 1990 for Jammu & Kashmir, the Armed Forces Special Powers Act (AFSPA) gives armed forces special powers to control “disturbed areas”, which are designated by the government when it is …
About The Indo-Pacific Economic Framework for Prosperity (IPEF) was launched in Tokyo (Japan) by the US and other Indo-Pacific countries in 2022. IPEF aims to strengthen economic engagement and cooperation among partner countries with the goal of advancing growth, economic …
What is Cervical Cancer? It is a type of cancer that develops in the cells of the cervix — the lowermost part of the uterus. Cervical cancer is caused by chronic infection with human papillomavirus (HPV), which is a sexually …
About GST Council Goods & Services Tax Council is a constitutional body under Article 279A of the amended Constitution, for making recommendations to the Union and State Government on issues related to Goods and Service Tax. The Council was introduced …
About Chess Olympiad The Chess Olympiad is a biennial global team competition organized by FIDE (Fédération Internationale des Échecs), the global governing body for chess. It brings together teams from countries around the world to compete for the title of …
Quad grouping The grouping of four democracies – India, Australia, US and Japan – known as the quadrilateral security dialogue or quad, was first mooted by former Japanese Prime Minister Shinzo Abe in 2007. Quad was revived in 2017. The …
Context: The Union Cabinet has approved the recommendations of the committee chaired by former President Ram Nath Kovind on implementing simultaneous national, state and local polls across India. Bills to this effect are likely to be introduced in Parliament during …
What is the FATF? The Financial Action Task Force (FATF) is an intergovernmental organization that designs and promotes policies and standards to combat financial crime. The FATF sets standards or recommendations for countries to achieve in order to plug the …
What’s in the news? The Government of India has launched NPS Vatsalya, a contributory pension scheme that allows parents or guardians to invest on behalf of their minor children. About NPS Vatsalya NPS Vatsalya is an extension of the existing …