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