Daily Archives: May 16, 2023

ALZHEIMER’S DRUG

The new Alzheimer’s drug Donanemab was found to slow down cognitive decline by 35% in people with early Alzheimer’s. Key Details: The new drug has been developed by the pharmaceutical giant Eli Lilly. It was observed that the new Drug named ‘Donanemab’, does not only slow down cognitive decline by 355 but …

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PRIORITY SECTOR LENDING

The government is considering restructuring the priority sector lending (PSL) scheme to allow deposits made by banks in the Rural Infrastructure Development Fund (RIDF) and such other funds to qualify as exposure under PSL. What are the norms for PSL? Reserve Bank of India (RBI) regulations require banks to allocate 40% …

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AADHAAR-ENABLED PAYMENT SERVICES

Aadhaar-enabled Payment Services (AePS) is a bank-led model which allows online financial transactions at Point-of-Sale (PoS) and Micro ATMs through the business correspondent of any bank using Aadhaar authentication. There is no need for OTPs, bank account details, and other financial details for AePS. It allows fund transfers using only the bank name, Aadhaar number, and fingerprint captured during Aadhaar enrolment. Are …

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INDIA’S GOODS EXPORTS

India’s goods exports have fell the steepest in three years in April, 2023 because of the weakening global demand and declining commodity prices. According to the commerce ministry data, the Exports have declined by nearly 13% i.e., from $39.70 billion to $34.66 billion in the year-ago period. The Merchandise imports have also fell by 14% to $49.90 billion from …

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MANDOVI RIVER WATER DISPUTE

Goa is concerned about Karnataka’s plan to construct the Kalasa Bhandura canal to divert water from the upper reaches of Mhadei to the Malaprabha basin. River Mandovi: River Mandovi is considered the ‘lifeline of Goa’. It is also known as Mhadei in its upper reaches. The Mandovi and the Zuari are the two primary rivers of Goa. Mandovi joins …

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