Yearly Archives: 2021

BASEL COMPLIANT ADDITIONAL TIER 1 (AT1) BONDS

Recently, State Bank of India (SBI) has raised Rs. 4,000 crore of the Basel compliant Additional Tier 1 (AT1) bonds at coupon rate of 7.72%. This is the first AT1 Bond issuance in the domestic market post the new SEBI regulations. This is also the lowest pricing ever offered on such debt issued by any Indian bank since the implementation of Basel …

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E-ILP PLATFORM FOR EFFECTIVE REGULATION

Recently, the Chief Minister of Manipur virtually launched the e-ILP platform for effective regulation of the Inner Line Permit (ILP) system in the state. The ILP system came into effect in Manipur on 1st January 2020. In Manipur, four types of permits are issued – temporary, regular, special and labour permits. Important points: Under the Bengal Eastern Frontier Regulation …

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NUTRITION IN INDIA

Recently, the Ministry for Women and Child Development inaugurated Poshan 2.0 and urged all Aspirational Districts to establish a Poshan Vatika (nutrition garden) during the Nutrition Month (Poshan Mah) from 1st September. A month-long celebration of the POSHAN Abhiyan mission places special attention on Severe Acute Malnourished (SAM) children. Important points: It is an umbrella scheme covering the Integrated Child Development Services (ICDS) (Anganwadi Services, Poshan …

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INDIA-ALGERIA MARITIME COOPERATION.

Recently, the Indian and Algerian navies participated in a maiden naval exercise off the Algerian coast in a bid to increase maritime cooperation. The naval exercise with Algeria is crucial for India as it is strategically located in the Maghreb region (region of North Africa bordering the Mediterranean Sea and is the largest country of …

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ZAPAD

The Indian Army contingent will participate in a two-week multinational military exercise named ‘ZAPAD 2021’ at Nizhny in Russia. Important points: It is one of the theatre level exercises of the Russian Armed Forces and will focus primarily on operations against terrorists. Over a dozen countries from Eurasian and South Asian Region will participate in the exercise. Nine are …

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RESOLUTION 2593

Recently, the India-led United Nations Security Council (UNSC) adopted a Resolution 2593 on Taliban The resolution, sponsored by France, UK and the US, was adopted with 13 members, including India, voting in favour, none against it. Important points: Reiterates the importance of combating terrorism in Afghanistan, including those individuals and entities designated pursuant to resolution 1267 (1999) Called for the Taliban to …

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WORLD SOCIAL PROTECTION REPORT (2020–22)

Recently, a International Labour Organization report titled ‘World Social Protection Report 2020–22’ has revealed that, globally 4.1 billion people are living without any social safety net of any kind. The report highlighted that the pandemic response was uneven and insufficient. Thereby, Covid-19 has further underscored the critical importance of achieving universal social protection. Important points: It …

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V-SHAPED ECONOMIC RECOVERY

Recently, the National Statistical Office data has revealed that the Indian economy grew at a record pace of 20.1% in April-June 2021, as compared to the corresponding period last year. Last year, Gross domestic product (GDP) contracted 24.4% in the same period, when the national lockdown due to the Covid-19 pandemic had nearly halted all economic activities. …

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JAPAN VOLCANO’s

Recently, the Fukutoku-Okanoba Submarine Volcano exploded in the Pacific Ocean, off Japan. Earlier, a surge of Earthquakes and the ground swelling was noticed at Hawaii’s Kilauea Volcano. Important points: It is situated about 25 metres below the sea, five kilometres north of Japan’s South Iwo Jima Island. The plume reached a height of 16 kilometres …

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WHITR-AP

Recently, the World Heritage Institute of Training and Research – Asia Pacific (WHITR-AP) has recognised CEPT (Centre for Environmental Planning and Technology, Gujarat) University’s programme in conservation and regeneration as a commended case of Global Innovation on World Heritage Education. The World Heritage Education Programme was initiated as a United Nations Educational, Scientific and Cultural Organization (UNESCO) …

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