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What is the News? Two months after the Reserve Bank issued guidelines on digital lending, banks, non-banking financial companies and fintech players are still awaiting clarity on many aspects including the First Loss Default Guarantee(FLDG) system. What is the First Loss Default Guarantee(FLDG) system? FLDG is a lending model between a fintech and a regulated …
Read MoreWhat is the News? The layoffs by the IT Firms in the US will significantly impact the Indian H-1B workers. Why have there been layoffs by IT firms in the US? In 2020, the number of people employed by Meta was about 58,000. Despite two years of the COVID-19 pandemic, the employee count increased to …
Read MoreWhy in News? The Indo-Pacific Conclave was organised by the US Consulate General and the Asian Confluence, a think tank that was leading in the study of India’s Northeast. Importance of North East India The Northeast comprises seven ‘sisters’ or States and one ‘brother’, Sikkim. The eight states of North East India are blessed with …
Read MoreWhy in News? Recently, It has been observed that Roads and the environment are inseparable spaces. About Linkage In addition to ensuring an easier, more comfortable, and more secure commute, safer roads also have a positive impact on the environment. In 2021, India reported 4,03,116 crashes, each of which adversely impacted the environment in various …
Read MoreWhy in News? Recently, the Supreme Court has recently appointed a female all-woman bench for the third time in its history. The first time the Supreme Court had an all-woman bench was in 2013, and the second occasion came in 2018. What is the State of Women in Judiciary? During the last 70 years, no …
Read MoreWhy in News? The Reserve Bank announces the launch of the first pilot for retail digital Rupee (e₹-R) also called Central Bank Digital Currency (CBDC). On 1st November 2022, the RBI launched the digital rupee for the wholesale segment to settle secondary market transactions in government securities. What are the Key Points about the Pilot …
Read MoreWhy in News? Saharsa became the first district in Bihar to be declared paperless (e-office) with an aim to end the Great Indian Red Tape. What is an e-Office Initiative? E-Office is a Mission-Mode project as part of e-Governance Initiatives. The e-office initiative goes back to 2009, but the towering piles of paperwork were–and still …
Read MoreRecently, many Kuki-Chin refugees from Chittagong Hill Tract Area in Bangladesh entered Mizoram (India) fearing an attack from Bangladesh security forces against them. Mizoram Government expressed sympathy for the refugees, who belong to the Chin-Kuki-Mizo communities, and resolved to give temporary shelter, food, and other relief as per the convenience of the state government. What …
Read MoreAnswer: India and USA are the two large representative democracies in the world. In USA, democracy got its full swing with the drafting of the US Constitution in 1789 while the democracy in India is partially a result of British rule followed by the enforcement of the new, modern and living constitution, framed after Independence.The …
Read MoreAnswer: The UN Convention to Combat Desertification (UNCCD) defines desertification as land degradation in arid, semi-arid, and dry sub-humid areas resulting from various factors, including climatic variations and human activities. It encompasses far beyond the world’s deserts, defying climate boundaries.The vulnerability of land to desertification is mainly due to the climate, the topography, the state …
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