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MOU: INDIAN AIR FORCE

Why in news? As a unique initiative of Indian Air Force, the IAF and Savitribai Phule Pune University entered into an academic collaboration by signing a Memorandum of Understanding to establish a ‘Chair of Excellence’ at Department of Defence & Strategic Studies on 29 February, 2020. The Chair will enable IAF officers to pursue Doctoral […]

NATIONAL SUPERCOMPUTING MISSION

What is National Supercomputing Mission (NSM)? The mission was set up to provide the country with supercomputing infrastructure to meet the increasing computational demands of academia, researchers, MSMEs, and startups by creating the capability design, manufacturing, of supercomputers indigenously in India. The mission will nationally coordinate collaborative programme involving developers and users of supercomputing systems […]

RELAXATION OF FDI NORMS IN DEFENCE SECTOR

Why in news? The information related to FDI was given by Raksha Rajya Mantri Shri Shripad Naik in a written reply to one MP in Rajya Sabha. What was the content? In May 2001, the Defence Industry sector, which was earlier reserved for the public sector, was opened up to 100% for Indian private sector, with Foreign Direct Investment (FDI) up to […]

CABINET SECRETARY REVIEWS COVID-19 STATUS WITH CHIEF SECRETARIES OF STATES

Why in news? A high level meeting was held  with Chief Secretaries of all the States by the Cabinet Secretary and the Principal Secretary to the Prime Minister regarding COVID-19. Who is Cabinet Secretary? The Cabinet Secretary is drawn from the senior most officers of the Indian Administrative Service. He is the administrative head of […]

NATIONAL AYUSH MISSION

Department of AYUSH, Ministry of Health and Family Welfare launched the National Ayush Mission (NAM), a centrally sponsored scheme in 2014. It was launched with the basic objective of promoting Ayurveda, Yoga, Siddha & Unani and Homoeopathy (AYUSH) medical system through cost effective services, strengthening of educational systems, sustainable availability of ASU & H raw-materials […]

EXTRADITION TREATY

Why in news? The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the signing and ratifying of the Extradition Treaty between the Republic of India and the Kingdom of Belgium The following are the salient features of the Treaty: Obligation to Extradite Each Party agrees to extradite to the other any […]

POST-PANDEMIC PERIOD WILL SEE TURNAROUND IN JOB MARKET

Why in news? Once the COVID-19 dust settles down, a new order will emerge in the job market, analysts say. Several new jobs in the field of health and hygiene and technology may come up. Segments that could see a steady increase in business when the dust settles: Healthcare Pharma Biotechnology Gaming Over-the-top (OTT) services, […]

MORATORIUM ON REPAYMENT PUTS NBFCS IN A SPOT

Why in news? Non-banking financial companies (NBFCs) may face a tough time following the Reserve Bank of India’s recent directive on providing a moratorium on repayment. Why would NBFC face the heat? This is because though these entities are providing moratorium to their customers, they still have to continue repaying banks and other borrowers. NBFCs […]