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PIB Summaries 01 July 2022


  1. Electoral Bonds
  2. Rim of the Pacific (RIMPAC) Exercise 2022

Electoral Bonds

Focus: GS II- Polity and Governance

Why in News?

Sale of Electoral Bonds at Authorized Branches of State Bank of India (SBI).

What are Electoral Bonds?

  • An electoral bond is like a promissory note that can be bought by any Indian citizen or company incorporated in India from select branches of State Bank of India.
  • The citizen or corporate can then donate the same to any eligible political party of his/her choice.
  • The bonds are similar to bank notes that are payable to the bearer on demand and are free of interest.
  • An individual or party will be allowed to purchase these bonds digitally or through cheque.

Click Here To Read More: Electoral Bonds

Rim of the Pacific (RIMPAC) Exercise 2022

Focus: GS III- Defence Technology

Why in News?

The RIMPAC-22 exercise will be held in and close to the Hawaiian Islands and Southern California from 29th June to 4th August, 27 countries are participating in the current edition of the multi-dimensional exercise.

About RIMPAC-22

  • It’s one of the biggest multilateral naval exercises held every two years, and the US organises it.
  • The US, Australia, and Canada began holding the RIMPAC as an annual exercise in 1971. But starting in 1974, maritime exercises were held every two years.
  • Its objectives include increasing interoperability and fostering trust between the Navies of friendly foreign nations.
  • RIMPAC 2022’s theme is “capable, adaptive partners.”

India’s Participation:

  • India first participated in RIMPAC in 2014 when the indigenously built Shivalik class stealth frigate INS Sahyadri took part in the exercise.
  • INS Sahyadri again represented the country in the 2018 edition of the event.
  • In between, in 2016, INS Satpura joined the maritime exercise. Before 2014, the Indian Navy’s presence in the wargames was only as an observer for the 2006, 2010 and 2012 editions.
  • In the current edition, Indian Navy’s INS Satpura and one P8I maritime patrol aircraft are participating in the exercise.

March 2024