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Cabinet clears MoU between ICAI and Qatar Financial Centre Authority

Signing of MoU The Union Cabinet approved the signing of a pact between the Institute of Chartered Accountants of India (ICAI) and the Qatar Financial Centre Authority (QFCA) The ICAI has more than 6,000 members in the Middle East. Increase opportunities and enhance cooperation The MoU would enhance cooperation between the institutes to work together… Continue reading Cabinet clears MoU between ICAI and Qatar Financial Centre Authority

National Programme on Advanced Chemistry Cell Battery Storage

About the scheme The Cabinet, chaired by Prime Minister has approved the proposal of Department of Heavy Industry for implementation of the Production Linked Incentive (PLI) Scheme ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’. Each selected ACC battery Storage manufacturer would have to commit to set-up an ACC manufacturing facility of minimum five… Continue reading National Programme on Advanced Chemistry Cell Battery Storage

Digital Technologies and Inequalities

Impact of pandemic The novel coronavirus pandemic has accelerated the use of digital technologies in India, even for essential services such as health and education, where access to them might be poor. Economic inequality has increased: people whose jobs and salaries are protected, face no economic fallout. Well-recognised channels of economic and social mobility — education and… Continue reading Digital Technologies and Inequalities

NASA’s OSIRIS-REx begins journey back from asteroid

On May 11, NASA’s Origins, Spectral Interpretation, Resource Identification, Security, Regolith Explorer (OSIRIS-REx) spacecraft will depart asteroid Bennu, and start its two-year-long journey back to Earth. About OSIRIS-REx OSIRIS-REx is NASA’s first mission to visit a near-Earth asteroid, survey its surface and collect a sample from it. The mission was launched in 2016, it reached… Continue reading NASA’s OSIRIS-REx begins journey back from asteroid

Israel-Palestine Clash

Context On Monday, Israeli police stormed the Al-Aqsa mosque compound in East Jerusalem, leaving a reported 300 people injured. The stand-off came at the end of a week of tensions over the eviction of Palestinian residents from two neighbourhoods of East Jerusalem, Sheikh Jarrah and Silwan, to make way for Jewish settlers. Cause of the… Continue reading Israel-Palestine Clash

What patent waiver in the COVID fight mean for global health equity

The article highlights the implications of patent waiver for Covid-19 for global health equity. Where the opposition to waiver proposal came from Recently, the US agreed to support the India-South Africa proposal, seeking a waiver of patent protection for technologies needed to combat and contain COVID-19. Response to the proposal was divided during earlier debates… Continue reading What patent waiver in the COVID fight mean for global health equity

Section 142 of the Social Security Code – 2020 Notified

Aadhaar mandatory The Union government has made Aadhaar mandatory for availing social security benefits, and for registration on a national informal workers’ database being developed for migrants. The labour ministry has notified section 142 of the social security code. It allows authorities to collect Aadhaar details for the database of beneficiaries under various social security… Continue reading Section 142 of the Social Security Code – 2020 Notified

RBI steps in to ease COVID-19 burden

Term Liquidity Facility announced Reserve Bank of India stepped in on Wednesday with measures aimed at alleviating any financing constraints for healthcare infrastructure and services reeling under the second Covid wave. RBI Governor announced a Term Liquidity Facility of ₹50,000 crore with tenor of up to three years, at the repo rate, to ease access… Continue reading RBI steps in to ease COVID-19 burden

[pib] Kerala presents its Annual Action plan under Jal Jeevan Mission

Annual Action Plan presented Annual Action Plan (AAP) on planning and implementation of Jal Jeevan Mission (JJM) in Kerala was presented. Kerala State officials outlined the roadmap of the financial year 2021-2022 to the national committee via video conferencing. The State plans to achieve the target of ‘Har Ghar Jal’ by 2024. The State also… Continue reading [pib] Kerala presents its Annual Action plan under Jal Jeevan Mission

[pib] India-UK virtual summit strengthens STI cooperation

Enhance partnership in science, education, research and innovation The Prime Minister of India and the UK  met virtually on 4 May 2021 and emphasised their shared commitment to an enhanced partnership in science, education, research and innovation. In keeping with this commitment, both the leaders welcomed the following: The new MoU on Telecommunications/ICT and the Joint Declaration of Intent… Continue reading [pib] India-UK virtual summit strengthens STI cooperation

Digital Service tax

Starting April 2022, overseas entities that don’t have a physical presence in India but derive significant financial benefit from Indian customers will come under the Indian tax net. While the main legal provision was introduced in 2018, the revenue department notified the thresholds for the purposes of significant economic presence (SEP) on May 3. The… Continue reading Digital Service tax

Supreme Court struck down law for reservation to Maratha community

About the judgment The Supreme Court on Wednesday struck down the provisions of a Maharashtra law providing reservation to the Maratha community. It rejected demands to revisit the verdict or to refer it to a larger Bench for reconsideration. What the Supreme Court said The Bench said that “providing reservation for the advancement of any… Continue reading Supreme Court struck down law for reservation to Maratha community

Govt. gives nod for 5G trials

Trials for 5G technology The Department of Telecommunications (DoT) on Tuesday gave permission to Telecom Service Providers (TSPs) to conduct trials for the use and application of 5G technology. The applicant TSPs include Bharti Airtel Ltd., Reliance JioInfocomm Ltd., Vodafone Idea Ltd. and MTNL. These TSPs have tied up with original equipment manufacturers and technology… Continue reading Govt. gives nod for 5G trials

[pib] Cabinet approval to MoU between India and UK on Global Innovation Partnership

Cabinet approval to GIP The Union Cabinet gave ex-post facto approval to the signing of Memorandum of Understanding (MoU) India and Foreign, Commonwealth and Development Office (FCDO) of the United Kingdom on Global Innovation Partnership (GIP). GIP will support Indian innovators to scale up their innovations in third countries thereby helping them explore new markets… Continue reading [pib] Cabinet approval to MoU between India and UK on Global Innovation Partnership

A ‘One Health’ approach that targets people, animals

The article highlights the need for a holistic approach to animal and human health as more than two-thirds of existing and emerging infectious diseases are zoonotic. Need to document the link between environment animal and human health Studies indicate that more than two-thirds of existing and emerging infectious diseases are zoonotic, or can be transferred… Continue reading A ‘One Health’ approach that targets people, animals

RBI to strengthen risk-based supervision (RBS) of banks, NBFCs

About RBS model The RBI uses the Risk-Based Supervision (RBS) model, including both qualitative and quantitative elements, to supervise banks, urban cooperatives banks, non-banking financial companies and all India financial institutions. Decision to review the model The Reserve Bank has decided to review and strengthen the Risk-Based Supervision (RBS) of the banking sector with a… Continue reading RBI to strengthen risk-based supervision (RBS) of banks, NBFCs

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