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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.
- It will establishes an International Fintech Institute (IFI) in partnership with globally reputed institutes and universities.
- 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.
- Tags :
- DIANA Initiative
- NATO
PB-SHABD Initiative
- Ministry of Information and Broadcasting launched PB-SHABD (Prasar Bharti - Shared Audio Visuals for Broadcast and Dissemination) Initiative.
- About PB-SHABD
- A news service launched by Prasar Bharati to support the daily news needs of the Indian media industry.
- It will be offering free of cost for the first year as an introductory offer and will provide news stories in all major Indian languages across fifty categories.
- SHABD leverages on the expansive reporter network of Akashvani and Doordarshan to produce its news.
- Prasar Bharati is India’s public broadcaster, which has Doordarshan and Akashvani operating under its aegis.
- Tags :
- PB-SHABD Initiative
- Prasar Bharati
Gulf of Tonkin
- China has delineated the baseline in the Gulf of Tonkin, known in Chinese as Beibu Gulf.
- Baselines, under UNCLOS 1982, are used to determine limits to territorial waters and Exclusive Economic Zones.
- Gulf of Tonkin is located off the coast of Northern Vietnam and Southern China.
- Until now both countries have maintained friendlier relations in this Gulf despite their overlapping claims in South China Sea.
- The Red River (which flows across China and Vietnam) empties into this gulf.
- Tags :
- Gulf of Tonkin
Darien Gap
- Darien Gap has emerged as one of the world’s most dangerous and fastest-growing border crossings for illegal immigration.
- This route is taken when people migrate from South America to North America.
- About Darien Gap
- Connects northern Colombia and southern Panama.
- Part of the Isthmus of Panama.
- Isthmus is a narrow piece of land, with water on each side, that joins two larger pieces of land.
- It is a hot, humid area marked by tropical rainforests, mangrove swamps, and low mountain ranges with cloud forest vegetation (tropical mountainous regions).
- Tags :
- Darien Gap
Geoheritage sites (GHS)
- Geological Survey of India (GSI) emphasises preserving GHS at Pandavula Gutta in Jayashankar Bhupalpally District (Telangana).
- Older than the Himalayan hills, Pandavula Gutta features prehistoric rock paintings in Green, red, yellow and white pigments.
- Paintings have swastika symbols, circles and squares, and animals like Bison, Antelope, Tiger, Leopard
- GHS, sites of rare geological and geomorphologic significance, are declared by GSI.
- India is a party to the UNESCO Convention concerning the Protection of the World Cultural and Natural Heritage.
- Across the world, the parties to this convention protect GHS through relevant legislation.
- Tags :
- Geoheritage sites (GHS)
- Pandavula Gutta
Places in News
Belarus (Capital: Minsk)
- Foreign Minister of Belarus paid official visit to India.
- Political boundaries
- Landlocked country of Eastern Europe.
- Bordering countries: Lithuania and Latvia (northwest), Russia (north and east), Ukraine (south), and Poland (west).
- Geographical features
- Much of the country consists of flat lowlands separated by low level-topped hills and uplands.
- Topography was largely shaped by glaciation during the Pleistocene Epoch.
- Major Rivers: Pripet, Dnieper and Neman
- Highest Point: Dzyarzhynskaya Hill
- Much of the country consists of flat lowlands separated by low level-topped hills and uplands.
- Tags :
- Belarus
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News Today (March 15, 2024)