Loan agreement between India and the Asian Development Bank (ADB) for Fintech | Current Affairs | Vision IAS
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Posted 15 Mar 2024

Updated 27 Mar 2024

9 min read

Loan agreement between India and the Asian Development Bank (ADB) for Fintech

  • India and the ADB signed a $23 million loan agreement for Promoting Research and Innovation through Development of Fintech Institute at GIFT-City Project. 
    • GIFT-City in Gujarat is India’s International Financial Services Centre.

 

  • Highlights of project
    • It will establishes an International Fintech Institute (IFI) in partnership with globally reputed institutes and universities.
      • It will strengthen fintech education, boost start-up success rates, and drive fintech research and innovation.
    • Emphasis on market-driven fintech skills programmes. 
    • Create the enabling environment for private sector investment.
  • Tags :
  • Asian Development Bank (ADB)
  • Fintech

Lyme disease

  • A case of Lyme disease was reported in Ernakulam district (Kerala)

 

  • About Disease
    • Pathogen:  Bacteria Borrelia burgdorferi, and Borrelia mayonii
    • Infects humans by: Bite of deer ticks (or black-legged ticks).
    • Symptoms: Fever, headache, multiple areas of rash (called erythema migrans), heart block, numbness or recurring episodes of arthritis.
    • Treatment: Doxycycline or amoxicillin antibiotics
    • Regions affected: Mainly USA, Europe and some parts of Asia.
  • Tags :
  • Diseases
  • Lyme

Agnipath scheme

  • The Passing Out Parade of the third batch of Agniveers who are recruited under Agnipath scheme for serving in the Armed forces held recently.

 

  • About scheme
    • Background: Launched in 2022.
    • Ministry: Ministry of Defence
    • Aim:  To bring paradigm changes in the Human Resource Management of the Indian Army. 
    • Agniveers: 17.5-year-old to 21-year-old youth selected to serve in the Armed Forces for 4 years. 
    • Selection for regular cadre: The best among Agniveers, up to 25% in each batch, will be selected to serve for another 15 years.
    • ‘Seva Nidhi’ package: To be paid to Agniveers on completion of the engagement period of four years. 
  • Tags :
  • Agnipath scheme

DIANA Initiative

  • DIANA (Defence Innovation Accelerator for the North Atlantic) Initiative board approved a proposal to establish an accelerator and two test centers in Finland. 

 

  •  About DIANA initiative
    • Established by North Atlantic Treaty Organization (NATO) to find and accelerate dual-use innovation capacity across the Alliance.
    • It provides companies with the resources, networks and guidance to develop deep technologies. 
    • It aims to solve critical defence and security challenges, from operating in denied environments to tackling threats to our collective resilience.
    • All NATO nations are members of DIANA