Context Recently, India’s central bank announced cardless cash withdrawals at ATMs in the country. The feature will let consumers use Unified Payment Interface (UPI) on their smartphones to withdraw cash from ATMs. All ATMs across the country must enable this …
About NMP Last year, Finance Minister Nirmala Sitharaman unveiled a four-year National Monetisation Pipeline (NMP) worth an estimated Rs 6 lakh crore. It aims to unlock value in brownfield projects (which are assets that are already operational) by engaging the …
Why in News: Bengaluru has become the first Indian city to get into the global network of silk cities. About the global network of silk cities The network spans nine nations and thirteen cities. The Network assists artisans and craftsmen …
What’s in the news? Science and Technology Minister Dr Jitendra Singh has announced setting up of Single Window Portal for benefit of pensioners and superannuated elder citizens. He said the portal will not only enable constant contact with pensioners but …
What’s in the news? The RBI has introduced the Standing Deposit Facility (SDF), an additional tool for absorbing liquidity, at an interest rate of 3.75 per cent. Role of SDF The main purpose of SDF is to reduce the excess …
About ADB The Asian Development Bank (ADB) was founded in 1966 with the primary mission of fostering growth and cooperation among countries in the Asia-Pacific Region. It is headquartered in Manila, Philippines. At present, ADB comprises 68 members (including India)- …
Why in the news? Recently, The Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Amendment Bill, 2022 has been unanimously passed in Lok Sabha. The Bill seeks to amend The Weapons of Mass Destruction and their …
What are electoral bonds? Electoral bonds are an instrument through which anyone can donate money to political parties. Such bonds, which are sold in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh, and Rs 1 crore, …
What’s in the news? Recently, Comptroller and Auditor General of India (CAG) audit reports indicate there are issues of data-matching, errors in authentication, and shortfall in archiving on the functioning of the UIDAI. UIDAI (Unique Identification Authority of India) is …