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The STAR (Supersonic TARget) missile has recently revolutionized India's defense training capabilities by eliminating the need for expensive imported target systems. Developed by the Defence Research and Development Organisation (DRDO), the STAR missile offers a cost-effective and indigenous solution for simulating realistic threats during missile training exercises. About STAR Missile Purpose: Unlike combat missiles designed to destroy targets, the STAR missile simulates rea

Remission of Duties and Taxes on Exported Products (Ro

The Government of India has recently extended the RoDTEP (Remission of Duties and Taxes on Exported Products) incentive scheme for exporters until March 31, 2026. This extension aims to support Indian exporters by compensating for taxes and duties that are embedded in exported goods but are not refunded under any other mechanism. About RoDTEP Scheme Introduction: The RoDTEP scheme was introduced as an amendment to the Foreign Trade Policy 2015-20 and became effective for exports

Bairabi-Sairang Rail Line

The Prime Minister of India recently inaugurated the Bairabi–Sairang broad-gauge railway line, marking a historic milestone for Mizoram. This railway line is Mizoram's first-ever connection to the national railway network, significantly improving connectivity for the state. About the Bairabi-Sairang Rail Line Connectivity: The rail line extends from Bairabi, located on the Assam–Mizoram border, to Sairang, which is only about 20 km from Aizawl, the cap

Certificate of Deposit

There has been a sharp decline in the issuance of Certificates of Deposit (CDs) by banks in recent months. This shift has led mutual funds to explore alternative money market instruments, such as treasury bills and commercial papers, to park their funds. About Certificate of Deposit (CD) A Certificate of Deposit (CD) is a fixed-income financial instrument that is regulated by the Reserve Bank of India (RBI). It is essentially an agreement between the depositor and the bank, where the b

Aatmanirbharta in Pulses

The Mission for Aatmanirbharta in Pulses is a new initiative by the Indian government aimed at boosting the domestic production of pulses and achieving self-sufficiency, or Aatmanirbharta, in this crucial agricultural sector. Mission for Aatmanirbharta in Pulses Objective The mission focuses on increasing domestic pulse production to reduce dependency on imports and ensure that India can meet its growing demand for pulses. It will be implemented over a period of six y

Payments Regulatory Board (PRB)

The Payments Regulatory Board (PRB) has been recently constituted by the Reserve Bank of India (RBI) to regulate and supervise the country's payment systems, marking a significant step in the development of India's financial infrastructure. Payments Regulatory Board (PRB) Authority The PRB derives its authority from the Payment and Settlement Systems Act, 2007, which governs the regulation of payment and settlement systems in India. Replacement of BPSS

Fatah-4 Missile

Recently, Pakistan announced the successful test of its new long-range cruise missile, Fatah-IV, showcasing a significant advancement in its missile capabilities. About the Fatah-4 Missile Indigenous Development: The Fatah-4 is Pakistan’s indigenously developed long-range cruise missile, designed for precision strikes. Range: The missile has a range of 750 kilometers (470 miles), enabling it to target distant locations with high accuracy. Speed: It can reach