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Recently, India has signed an agreement extending a USD 100 million Line of Credit (LOC) to Sri Lanka for projects in the Solar Energy Sector. The LOC is for a period of 20 years, with an interest of 1.75%. The agreement was signed between the Government of Sri Lanka and …

Recently, the Asian Development Bank (ADB) and the Government of India signed a USD 484 million loan for the Tamil Nadu Industrial Connectivity Project. The loan is to improve transport connectivity and facilitate industrial development in the Chennai – Kanyakumari Industrial Corridor (CKIC) in the state of Tamil Nadu. It …

Recently, the Union Cabinet approved a plan to corporatise the Ordnance Factory Board (OFB). Important points: 41 factories across the country will be dissolved into seven new Defence Public Sector Undertakings (DPSU). The newly created entities will be 100% owned by the government. These entities will be responsible for different …

Recently, the Cabinet Committee on Economic Affairs has approved the proposal of the Ministry of Earth Sciences (MoES) on the Deep Ocean Mission (DOM). The blueprint of the DOM to explore the deep recesses of the ocean was unveiled in 2018. Earlier, MoES had also rolled out the draft Blue …

Recently, the 31st edition of India-Thailand Coordinated Patrol (Indo-Thai CORPAT) between the Indian Navy and the Royal Thai Navy was conducted in the Andaman sea close to the Strait of Malacca Important points: India and Thailand have been carrying out CORPAT along their International Maritime Boundary Line twice a year …

The Ministry of Ports, Shipping and Waterways and the Ministry of Civil Aviation signed Memorandum of Understanding (MoU) for Development of Seaplane Services in India. India’s first seaplane service started operation between Kevadia and Sabarmati Riverfront in Ahmedabad in October 2020, under Sagarmala Seaplane Services. Important points: This MoU envisages …

The Minister of Jal Shakti has urged all MPs to support the ongoing “Jal Shakti Abhiyan: Catch The Rain” campaign in their respective constituencies and states. Such interventions would ensure water source sustainability in rural areas and would strengthen the ongoing Jal Jeevan Mission being implemented by the Ministry. Important …

Recently, the Archaeological Survey of India (ASI) notified that all centrally protected monuments, sites, and museums across the country including the Humayun’s Tomb will reopen for visitors from 16th June 2021. Humayun’s tomb in Delhi is a fine specimen of the great Mughal architecture. ASI, under the Ministry of Culture, …

After arriving at the Kerala Coast two days behind the schedule, the Southwest Monsoon has hit early across some areas of south peninsular and central India. Important points: Cyclone Yaas, formed in the Bay of Bengal in May, helped in bringing the crucial southwest monsoon winds over the Andaman Sea.. …

Recently, the Delhi High Court granted bail to student activists in a Unlawful Activities Prevention Act (UAPA), 1967 case. While delivering the judgement, the court redefined the boundaries of the otherwise “vague” Section 15 of the UAPA. Important points: Terrorist activity cannot be broadly defined to include ordinary penal offences. …