About the scheme To recast the urban landscape of the country, to make urban areas more livable and inclusive besides driving economic growth, the Ministry of Housing & Urban Affairs has launched a centrally sponsored scheme namely Atal Mission for …
About the Fort Originally constructed as a mud fort during Venadu King Sri Vira Ravivarma’s period (1565-1607). It was reconstructed with stone during the reign of King Marthanda Varma (1729-1758), the maker of modern Travancore. When Marthanda Varma decided to …
Why in News? Americans Harvey J Alter and Charles M Rice and British scientist Michael Houghton were awarded the Nobel Prize for Medicine or Physiology for the discovery of the hepatitis C virus. About their discovery The Hepatitis C virus …
What is meant by “Foreign Exchange Reserve”? Foreign Exchange Reserve indicates the reserves held by RBI in the form foreign currency assets, gold, SDR and reserve tranche. Components of foreign exchange reserve: Foreign Currency Assets– Currencies of foreign countries are …
Context The new labour codes do little to provide better pay and definitive rights to platform workers What is a gig economy? A gig economy is a free market system in which temporary positions are common and organizations hire independent …
About: PM SVANidhi was launched by the Ministry of Housing and Urban Affairs for providing affordable Working Capital loan to street vendors to resume their livelihoods which have been severely affected due to COVID-19 induced lockdown. Objectives of the Scheme …
RAISE 2020 Global Virtual Summit on Artificial Intelligence (AI), RAISE 2020– ‘Responsible AI for Social Empowerment 2020’ is being organized by the Ministry of Electronics and Information Technology (MeitY) and NITI Aayog. It is a first of its-kind, global meeting …
Background In March 2020, to boost large-scale electronics manufacturing in India, the Union Cabinet approved three schemes with a total outlay of almost Rs 48,000 crore. The three schemes together will enable large-scale electronics manufacturing, a domestic supply chain ecosystem …
What’s in the news? India and Japan have finalised an ambitious agreement that provides for cooperation in 5G technology, artificial intelligence and an array of other critical areas. The agreement promotes cooperation in capacity building, research and development, security and …
Central Board of Directors The RBI’s affairs are governed by a central board of directors. Section 8(1)(a) of the Reserve Bank of India Act, 1934, provides that there shall be one Governor and not more than four Deputy Governors to …