Recently, the Ministry of Electronics & IT (MeitY) has announced #FOSS4GOV Innovation Challenge to accelerate adoption of Free and Open Source Software (FOSS) in Government. Important points: It doesn’t mean software is free of cost. The term “free” indicates that the software does not have constraints on copyrights. It means …

The Reserve Bank of India (RBI) has decided to continue with the existing interim Ways and Means Advances (WMA) scheme limit of Rs. 51,560 crore for all States/UTs upto September 2021, given the prevalence of Covid-19. Important points: The WMA scheme was introduced in 1997. To meet mismatches in the …