Source: The Hindu About BIMSTEC: BIMSTEC is a multilateral regional organisation composed of 7 members. Member countries: Bangladesh, Bhutan, India, Nepal, and Sri Lanka, Myanmar and Thailand. Official headquarters of BIMSTEC is located in Dhaka and Sri Lankan diplomat Sumith Nakandala was appointed as its first...
Source: The Indian Express News: For security and safety of card transactions Reserve Bank of India started card-on-file (CoF) tokenisation from 1st October. Concept of Card tokenisation: Tokenisation is replacement of actual card details with a unique alternate code or ‘token’. Generated token through tokenisation shall be...
Source: The Hindu News: Central banks around the world often raise interest rates to curb inflation.Now, the question arises why central banks raise interest rates. Rationale behind raising interest rates: Increase in incentives to save and interest: As with the rise in interest rates borrowing cost also...
Source: The Indian Express News: Receptionist Ankita Bhandari’s murder allegedly by the resort owner and two of his accomplices created anxiety and fear in the minds of young women and their parents. Reasons for small town migration of young women/ girls: Urban pockets are centers of hope...
Source: The Hindu; The Indian Express News: To tackle inflation the US Federal Reserve has hiked its interest rate leading to strengthening of the dollar against other currencies. Rupee also breached psychological marks of 81 and 82 against the dollar. Current economic scenario across the globe in...
Source: The Hindu; The Indian Express News: Appointment of Lt General (retired) Anil Chauhan as the Chief of Defence Staff (CDS). Mandate and role of Chief of Defence Staff(CDS): Initial mandate of CDS was to ensure “jointness” of the three services in operations, logistics, transport, training, support...
Source: The Hindu; The Indian Express News: The Central government may set up a national commission for studying the socio-economic and educational status of Dalits who converted to Islam and Christianity from Hinduism. Constitutional provision for reservation benefits to Scheduled Castes and Tribes: Article 341:The President may...
Source: The Indian Express News: September 22 is celebrated as Police Reforms Day as the Supreme Court gave a landmark judgment on police reforms on this day in 2006. Issues plaguing Police system: Colonial nature of police: Current policing system is still governed by the Police Act...
Source: The Hindu News: Launch of Center for Bay of Bengal Studies (CBS) at Nalanda University by Narendra Modi. Importance of Bay of Bengal: Major commercial hub as it connects east and west in terms of trade and culture. Bay is key for economic and energy security...
Source: The Hindu News: Government prepared ‘The Dharamshala Declaration’ on occasion of World Tourism Day(27th September) in wake of dip in foreign tourists' arrival in 2021. Key findings from India Tourism Statistics 2022: Dip in foreign tourist arrivals in India by 44.5% in 2021 due to restrictions...
