Context: In FY 2024, only ₹90,000 was released as ‘unemployment allowance’ under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). Legal Provision: According to Section 7(1) of the MGNREGA Act, 2005, if a person is not provided employment within 15 days of applying, they are entitled to a daily …
Read More »Daily Archives: August 5, 2024
Asia’s First Breast Milk Bank
Context: Sion Hospital in Mumbai, home to Asia’s first breast milk bank, has seen over 43,000 mothers donate milk, benefiting 10,500 newborns over the past five years. Milk Collection Process: Milk is donated by nursing mothers, then it undergoes rigorous testing, pasteurization, and is stored at temperatures below -20°C to …
Read More »Unified Payment Interface (UPI) Overview
Context: In July 2024, UPI transactions surpassed ₹20 trillion for the third consecutive month. Benefits: Financial Inclusion: The number of banks involved has grown from 21 to 399, according to the State of Digital Economy Report. Enhanced Transaction Efficiency: UPI facilitates 24/7 transactions, offering round-the-clock service. Support for Entrepreneurs: The …
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