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Why in the news? The Education Ministry stops Samagra Shiksha Abhiyan (SSA) funds to Delhi, Punjab, and West Bengal for not participating in the PM-SHRI scheme. PM-SHRI aims to upgrade 14,500 government schools as exemplars under National Education Policy 2020, with 60% funded by the Centre. Delhi and Punjab run similar schemes and object to …
Read MoreWhy in the news? State Bank of India (SBI) and Bank of Baroda (BoB) increased their marginal cost of funds-based lending rates (MCLR). SBI raised MCLRs by 5-10 basis points across various tenors, with the one-month MCLR up to 8.35% and the one-year MCLR to 8.85%. source:toppersnotes About Marginal Cost of Funds based Lending Rate(MCLR): …
Read MoreWhy in the news? A G20 task force has highlighted India’s leadership in the digital public infrastructure (DPI) sector. The task force’s final report suggests India should take on added responsibility to ensure these digital solutions benefit countries globally, especially in the Global South. About Digital Public Infrastructure (DPI) About DPI DPI includes digital identification, …
Read MoreWhy in the news? India and Russia have significantly increased their transactions in rupees and Roubles, doubling payments in 2024 despite US and EU sanctions. Sberbank reports a 80% increase in transactions handled in the first half of 2024. Indian corporate rupee deposits have surged sixfold since the beginning of the year. Source: HT Economic …
Read MoreWhy in the news? India’s merchandise exports increased by 2.55% in June, reaching $35.2 billion. The trade gap widened to $20.9 billion, continuing the trend of imports outpacing exports. Source: Wallstreetmojo Sectoral Performance and Import Dynamics : Sectoral Performance : Key export sectors saw mixed results: spices (11.50%), drugs and pharmaceuticals (11.58%), engineering goods (11.93%), …
Read MoreWhy in the news? Chief Justice D.Y. Chandrachud agreed to list petitions challenging the Centre’s use of Money Bills to pass contentious amendments in Parliament. These petitions, including those by Rajya Sabha MP Jairam Ramesh, question if certain laws can be passed as Money Bills, bypassing the Rajya Sabha source: edurev About a Money Bill: …
Read MoreWhy in the news? Union Home Minister Amit Shah participated in a mega plantation drive in Indore, aiming to plant 11 lakh saplings in a single day. The initiative, part of the ‘Ek Ped Maa Ke Naam’ campaign initiated by Prime Minister Narendra Modi, targets planting 140 crore saplings nationwide. Madhya Pradesh aims to contribute …
Read MoreWhy in the news? West Bengal Governor C.V. Ananda Bose denied allegations that eight Bills from the State Assembly are pending at Raj Bhavan. He clarified that six Bills are under consideration for Presidential approval, while one is in court proceedings. Responding to government actions, Mr. Bose referenced Article 167 of the Constitution, emphasising the …
Read MoreWhy in the news? Karnataka has decided to release Cauvery river water to Tamil Nadu at a rate of 8,000 cusecs daily, following a directive from the CWRC. Initially, the committee had ordered 11,500 cusecs, prompting Karnataka to appeal the decision to the CWMA. source:slideplayer About Cauvery Water Regulation Committee (CWRC): Formation and Purpose: CWRC …
Read MoreWhy in the news? Union Home Minister virtually inaugurated ‘Prime Minister’s College of Excellence’ for all 55 districts in Madhya Pradesh. Main program held at Atal Bihari Vajpayee Government Arts and Commerce College in Indore. Shah praised PM Narendra Modi’s farsightedness in introducing the New Education Policy (NEP). source:scribd Key points: ‘Prime Minister’s College of …
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