Exercise Samudra Laksamana | Current Affairs | Vision IAS
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Posted 02 Mar 2024

Updated 27 Mar 2024

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Exercise Samudra Laksamana

  • It is a bilateral Naval Exercise between India and Malasiya.
  • Tags :
  • Naval Exercise
  • Exercise Samudra Laksamana

National Skill Development Corporation (NSDC)

  • NSDC along with a NBFC unveiled skill development initiative - Project Odiserv in Odisha. 

 

  • About NSDC
    • NSDC is a not-for-profit public limited company incorporated under section 8 of the Companies Act, 2013. 
    • The Government of India holds 49% of the share capital of NSDC, while the private sector has the balance of 51% of the share capital.
  • NSDC aims to promote skill development by catalyzing the creation of large, quality, and for-profit vocational institutions.
  • Tags :
  • National Skill Development Corporation
  • Project Odiserv

National Electronic Funds Transfer (NEFT)

  • According to the RBI, NEFT system has registered a growth of 700% in terms of the volume of transactions from 2014-23.

 

  • About NEFT
    • Nation-wide centralized payment system owned and operated by RBI. 
    • Users: Individuals, firms and corporations can use the NEFT facility.
    • Limits: No limit imposed by the RBI for funds transfer through NEFT.
    • The outbound remittances through the NEFT system are permitted only to Nepal under the Indo-Nepal Remittance Facility (INRF) Scheme.
  • The other Fund Transfer systems in India are Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS).
  • Tags :
  • National Electronic Funds Transfer
  • Real Time Gross Settlement (RTGS)
  • Immediate Payment Service (IMPS)

Abu Dhabi Ministerial Declaration (ADMD)

  • 13th Ministerial Conference (MC13) of WTO concluded with the adoption of Abu Dhabi Ministerial Declaration (ADMD).

 

  • About Declaration 
    • Members committed to preserve and strengthen the ability of the multilateral trading system, with the WTO at its core.
    • Declaration underlines the centrality of the development dimension in the work of the WTO to achieve the UN 2030 Agenda and its Sustainable Development Goals.
  • WTO also agreed to further extend the moratorium on imposing import duties on e-commerce trade for two more years.
  • Tags :
  • MC13
  • Abu Dhabi Ministerial Declaration

Seamounts

  • Researchers discovered four gigantic seamounts in the deep sea off the coast of Peru and Chile.

 

  • About Seamounts
    • A seamount is an underwater mountain with steep sides rising from the seafloor.
    • Most seamounts are remnants of extinct volcanoes and are typically cone shaped
    • Seamounts with large flat summits are called guyots.
    • Seamounts are found in every world ocean basin.
    • Seamounts function as oases of life or biological hotspots with higher species diversity and biomass on and around it. 
    • World’s highest seamount is Hawaii's dormant volcano Mauna Kea
  • Tags :
  • underwater mountain
  • Seamounts