Context Recently, scientist has developed a new technology named ‘RoboMapper’ which have been able to develop alloys with ‘perovskites materials’ that can improve solar cells. About the Technology: The RoboMapper is able to develop alloys with perovskites materials that can do material testing in a more efficient and sustainable manner. Read More
Context: Indian Council of Medical Research’s National Institute of Virology (ICMR-NIV) has found evidence of the Nipah virus circulation in the bat population across nine states and one Union Territory. About Nipah Virus: The first outbreaks of the Nipah virus among humans was reported from Malaysia Read More
Context: India is exploring the possibility of trilateral cooperation with France and Australia in the strategic Pacific Islands. Pacific Islands: The Pacific Islands are a group of islands in the Pacific Ocean. It comprises three ethnogeographic groupings—Melanesia, Micronesia, and Polynesia. Melanesia: The main island groups include Fiji, New Read More
Context The Ministry of Defense has decided to demerge civil areas from Military Stations and integrate them with municipalities in their respective states, aiming to move away from the British-era concept of cantonment towns. What are cantonments? Cantonments —or cantts, as they are often referred to— are civic Read More
Context The Kerala government is facing trouble over the Centre’s Revamped Distribution Sector Scheme (RDSS), which envisages pre-paid smart electricity meters in households and revamping the power distribution network in the country. Background The Central Government has launched the Revamped Distribution Sector Scheme (RDSS) with an outlay of Rs. 3, 03,758 crore for Read More
Context The Home Ministry has tabled Jammu and Kashmir Reorganisation (Amendment) Bill, 2023 in the Lok Sabha to nominate two members from the “Kashmiri Migrants” community. Highlights of the Bill: The Jammu and Kashmir Reorganisation (Amendment) Bill, 2023 provides for the following, namely: to insert new sections 15A and 15B in Read More
Context: The International Monetary Fund’s latest update to its World Economic Outlook shows lopsided growth that bypasses poor nation’s risks weighing down the global economic pace. IMF’s prediction: Recovered effects of Bank collapses and instability: The World economy is showing signs of having weathered Read More
Context: The SEBI recently shortened the settlement cycle to trade-plus-one (T+1) from T+2. T+1 Trade settlement: The current cycle of ‘T+1’ in India means trade-related settlements happen within a day, or within 24 hours of the actual transaction. The migration to the T+1 cycle came into Read More
Context: The Reserve Bank of India (RBI) recently authorized non-bank companies to establish, own, and operate White Label ATMs (WLAs) in India. This measure improves ATM accessibility in Tier III to VI centers. What are White Label ATMs (WLAs)? They are the machines established, owned, Read More
Context: Due to the large number of available written-off loans with lenders and the government’s efforts to recover these loans, ARCs are utilizing the chance to purchase these loans. About Asset Reconstruction Companies (ARCs): Definition: It is a Specialized financial institution dealing with Non-Performing Assets Read More