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.