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DAILY NEWS ANALYSIS

  • 24 July, 2020

  • 5 Min Read

Open Credit Enablement Network (OCEN)

Open Credit Enablement Network (OCEN)

  • A nationwide pilot of the newly-developed credit protocol infrastructure – OCEN is all set to start.

About Open Credit Enablement Network (OCEN):

  • The credit protocol infrastructure is known as Open Credit Enablement Network (OCEN).
  • Indian Software Products Industry Round Table (iSPIRT) has developed the platform.
  • It will mediate the interactions between loan service providers (usually fintechs and mainstream lenders) including all large banks and NBFCs.
  • These will involve multiple banks and thousands of MSMEs.
  • Meanwhile, private equity and venture capital players, angel investors, high net worth individuals and others also could be part of this exercise as investors.
  • With this, credit is expected to become more accessible for a large number of entrepreneurs and small businesses in India.
  • It is believed that this would lead to the democratisation of credit.

Source: TH


Formation Day

On 1st November, eight Indian states—Andhra Pradesh, Chhattisgarh, Haryana, Karnataka, Kerala, Madhya Pradesh, Punjab, and Tamil Nadu—along with five Union Territories—Andaman and Nicobar Islands, Chandigarh, Delhi, Lakshadweep, and Puducherry—celebrate their Formation Day. This date marks an important milestone in India

Turtle (Kachhua) Wildlife Sanctuary

The Turtle Wildlife Sanctuary, also known as the Kachhua Sanctuary, is located in the Varanasi district of Uttar Pradesh. It is recognised as India’s first freshwater turtle wildlife sanctuary, established to conserve endangered turtle species and support the ecological health of the Ganga River. Location and Extent The sanctuary co

Introduction of AI and Computational Thinking (CT) in

The Ministry of Education plans to introduce Artificial Intelligence (AI) and Computational Thinking (CT) from Class 3 onwards in the 2026–27 academic year. This initiative is part of the National Curriculum Framework for School Education (NCF-SE) 2023 and aligns with the National Education Policy (NEP) 2020. The aim is to prepare student

Sal Tree

Scientists from the Environment Department of Himachal Pradesh University (HPU) in Shimla have recently revealed that the Sal tree (Shorea robusta) is the most effective natural air purifier for combating rising pollution levels. Their findings highlight the tree’s superior capacity to trap dust, absorb gases, and cleanse the air compared

US Resumes Nuclear Weapon Testing

The President of the United States has ordered the resumption of nuclear weapon testing after a gap of 33 years, the last test being in 1992. This decision marks a significant shift in global nuclear policy and has far-reaching implications for geopolitics, the environment, and international security. Status of Global Nuclear Weapon Testing

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