November 2016: Important Days

November 25: International Day for the Elimination of Violence against Women (IDEVAW) Significance: Seeks to raise awareness about violence against women and girls, end the violence against the women. 2016 Theme: “Orange the World – raise funds to end violence against women”. The orange colour in the theme symbolizes a better future to women and girls all over the globe without the pervasive human rights violation which affects 1 in 3 women Continue Reading

Current Affairs November 2016: News Snippets

This post shall contain summarized current affairs of November 2016 and shall be updated weekly. National Current Affairs November: Andhra Pradesh Government has launched the ‘Smart Water Distribution Monitoring’ web interface. The monitoring portal is a part of ourvmc.org from where it can be accessed. Using this portal people can check the status of drinking water in the water tanks nearby. The Steel Authority of India Limited (SAIL) won the Continue Reading

Currency Printing In India and Features of new 2000 and 500 Rupee Notes

RBI has issued new 500 & 2000 Rupee notes in Mahatma Gandhi (New) Series. Few important things to note regarding currency printing in India are: The rupee is named after the silver coin, rupiya, first issued by Sultan Sher Shah Suri in the 16th century. Section 22 of the RBI Act 1934 makes provided that RBI has the sole right to issue Bank notes of all denominations. Thus, Reserve Bank is Continue Reading

Pradhan Mantri Yuva Yojana for entrepreneurs

The Ministry of Skill Development and Entrepreneurship (MSDE) recently announced launch of Pradhan Mantri Yuva Yojana to scale up an ecosystem of entrepreneurship for young people. The scheme was launched as part of events to mark  2nd Foundation Day of Ministry of Skill Development and Entrepreneurship (MSDE). Highlights of Pradhan Mantri Yuva Yojana (PMYY): PMYY is MSDE’s flagship scheme on entrepreneurship education and training. The scheme will run for five years (2016-17 Continue Reading

First International Agro-biodiversity Congress held at New Delhi

Prime Minister Narendra Modi, recently inaugurated the first International Agro-biodiversity Congress at Vigyan Bhawan, New Delhi. The event was organized by the Indian Society of Plant Genetic Resources and Biodiversity International to discuss conservation of genetic resources. What is meant by Agro-biodiversity? Agro-biodiversity is defined as the variety and variability of animals, plants and micro-organisms that are used directly or indirectly for food and agriculture. Agro-biodiversity is a vital sub-set of Continue Reading

India Japan sign Civil Nuclear Deal

Six years after the negotiations began, India and Japan finally signed signed the historic civilian nuclear deal during the annual bilateral summit held in Tokyo. Negotiations which began in 2010 during the UPA government were stuck on India’s non-NPT status as Japan sought assurances that the deal would be used for peaceful purposes. Further, India did not fit into Japan’s ‘Hikaku San Gensoku’ or three non-nuclear principles. These principles adopted in a resolution by Japanese parliament Continue Reading

500, 1000 Rupee notes to be discontinued from 9 November

In a move to curtail Black money, terrorist financing, fake currency Prime Minister Modi has declared 500, 1000 notes to be considered as Illegal for any transaction beginning midnight  9 November. Important Points from PM’s Speech: From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal tender. Government hospitals, international airports, bus ticket window, train ticket window will continue use of these notes till 11 Continue Reading

Chandrabhaga river of Odisha

After KS Valdiya chaired Expert Panel recently confirmed the existence of the mythical Saraswati river in India’s North-West, scientists at the Indian Institute of Technology-Kharagpur now claim they have found evidence of the ‘lost’ river of Odisha – Chandrabhaga. Facts from Report: The ancient river of Chandrabhaga is believed to have existed at a distance of about two km from the 13th century Sun Temple at Konark, a Unesco World Continue Reading

C V Raman: The first Indian to win Nobel Prize in Science

One of the most prominent Indian scientists in history, C.V. Raman was the first Indian person to win the Nobel Prize in science in 1930 for his illustrious discovery, now commonly known as the “Raman Effect”. Sir Chandrasekhara Venkata Raman was an Indian physicist born in the former Madras Province in India on 7 November 1888. He was a brilliant student from the beginning and was inquisitive about ever-thing. He passed his Continue Reading

Drugs seized in Udaipur

Recently, there has been a big news regarding drugs worth Rs 5,000 (some reports 10,000) Crore being seized in a factory located Kaladwas, Udaipur. The Directorate of Revenue Intelligence (DRI) has confiscated 23.5 tonnes of banned drugs, Mandrax. On Friday night, following the raid, the Udaipur factory was covered with a tent and soldiers of the Border Security Force (BSF) were deployed to keep guard. Over the next three days, the DRI Continue Reading

S4A: Scheme for Sustainable Structuring of Stressed Assets

In June 2016, RBI had launched the S4A or Scheme for Sustainable Structuring of Stressed Assets for in an attempt to lift banks out of the morass of stressed loans. But, the scheme came with riders, which posed challenges and as a result, very few borrowers have made the cut. In order to improve the implementation of Scheme, in October 2016, RBI tweaked certain S4A norms. Let’s look at the scheme and norms Continue Reading