MOU: INDIAN AIR FORCE
Why in news? As a unique initiative of Indian Air Force, the IAF and Savitribai Phule Pune University entered into an academic collaboration by signing a Memorandum of Understanding to establish a ‘Chair of Excellence’ at Department of Defence & Strategic Studies on 29 February, 2020. The Chair will enable IAF officers to pursue Doctoral […]
NATIONAL SUPERCOMPUTING MISSION
What is National Supercomputing Mission (NSM)? The mission was set up to provide the country with supercomputing infrastructure to meet the increasing computational demands of academia, researchers, MSMEs, and startups by creating the capability design, manufacturing, of supercomputers indigenously in India. The mission will nationally coordinate collaborative programme involving developers and users of supercomputing systems […]
RELAXATION OF FDI NORMS IN DEFENCE SECTOR
Why in news? The information related to FDI was given by Raksha Rajya Mantri Shri Shripad Naik in a written reply to one MP in Rajya Sabha. What was the content? In May 2001, the Defence Industry sector, which was earlier reserved for the public sector, was opened up to 100% for Indian private sector, with Foreign Direct Investment (FDI) up to […]
POST-PANDEMIC PERIOD WILL SEE TURNAROUND IN JOB MARKET
Why in news? Once the COVID-19 dust settles down, a new order will emerge in the job market, analysts say. Several new jobs in the field of health and hygiene and technology may come up. Segments that could see a steady increase in business when the dust settles: Healthcare Pharma Biotechnology Gaming Over-the-top (OTT) services, […]
MORATORIUM ON REPAYMENT PUTS NBFCS IN A SPOT
Why in news? Non-banking financial companies (NBFCs) may face a tough time following the Reserve Bank of India’s recent directive on providing a moratorium on repayment. Why would NBFC face the heat? This is because though these entities are providing moratorium to their customers, they still have to continue repaying banks and other borrowers. NBFCs […]
BANK CREDIT SHOT UP JUST BEFORE LOCKDOWN
Why in news? Bank loans grew by a whopping ₹2.31 lakh crore in the fortnight ended March 27, indicating robust loan demand just when a nationwide lockdown was imposed to contain the spread of COVID-19, according to the RBI. This was probably the highest fortnightly loan growth recorded in financial year 2019-20. Details The good […]
INDIA WELL-EQUIPPED, HAS ENOUGH STOCK OF HCQ
Why in news? Were matters to deteriorate, India had enough infrastructure to tide over the crisis said the Health Minister at an online conference. The Union government on 10th April asserted that India had “sufficient buffer” of the much in demand drug hydroxychloroquine (HCQ). A Well-Equipped India India had multiple strategies in place to contain […]
CHOKED SUPPLY LINES TO BE CLEARED, TOUGHER NORMS LIKELY FOR PUBLIC TRANSPORTATION
Why in news? Stoppered supply lines with trucks waiting on highways, the ongoing harvest season and procurement of food grains in various parts of the country are some of the issues that will inform the kind of lockdown the country will continue to have post April 14. Motor Vehicles Department chalks out protocol for post-lockdown […]
BHILWARA BREAKS VIRUS TRANSMISSION CHAIN
Why in news? The “ruthless containment” model adopted in Bhilwara, which emerged last month as the worst-affected district in Rajasthan, has succeeded in breaking the chain of novel Coronavirus transmission. Details Since April 3, when an aggressive 11-day-long “all-down curfew” started with even essential services being curtailed, only two new cases have been reported in […]
NO EVIDENCE OF COMMUNITY TRANSMISSION, SCARCITY OF DRUGS, DEVICES IMMINENT
Why in news? The Union Health Ministry on Friday denied evidence of community transmission (CT) of COVID-19 while reporting at least 700 new cases since 9th April 2020. A countrywide shortage of medicines and medical devices is likely in the coming weeks, the Department of Pharmaceuticals has warned the Home Ministry. Denial of Community transmission […]