Daily Archives: January 28, 2022

GALLANTRY AWARDS

On the eve of the 73rd Republic Day, six personnel of the Indian Army were awarded the Shaurya Chakra, the third-highest peacetime Gallantry Award in the country, in recognition of their distinguished service. Of them, five were awarded posthumously. The gallantry awards are announced twice in a year — first …

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SWACHHATA START-UP CHALLENGE

Recently, the Ministry of Housing & Urban Affairs (MoHUA), in partnership with the Department of Promotion of Industry and Internal Trade (DPIIT) and Agence Française de Développement (AFD) launched the Swachhata Start-Up Challenge under Swachh Bharat Mission-Urban 2.0. Swachh Bharat Mission-Urban 2.0 SBM-U 2.0 was launched on 1st October 2021 …

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UNUSUALLY COLD AND WET WINTER

In India, especially in North India, the winter of 2021-22 has been unusually cold and unusually long. The days, in particular, have felt colder and chillier than normal. Important points: Since December 2021, maximum temperatures across the North, Northwest and Central India regions have persistently remained below normal, resulting in …

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BAD BANK

The Reserve Bank of India’s (RBI’s) approval for the implementation of the proposal for setting up a ‘Bad Bank is still pending. In September 2021, the Union Cabinet approved the Rs. 30,600 crore guarantee to back Security Receipts issued by National Asset Reconstruction Company Limited (NARCL) for acquiring stressed loan …

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INDIA-CENTRAL ASIA RELATIONS

Recently, the Prime Minister of India hosted the first India-Central Asia Summit in virtual format. It was attended by Presidents of the Republic of Kazakhstan, Kyrgyz Republic, Republic of Tajikistan, Turkmenistan and Republic of Uzbekistan. This first India-Central Asia coincided with the 30th anniversary of establishment of diplomatic relations between …

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