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National Climate Vulnerability Assessment Report

The Department of Science and Technology (DST) has recently released the National climate vulnerability assessment report. About National Climate Vulnerability Assessment Report: The National Climate Vulnerability Assessment Report identifies the most vulnerable states and districts in India, as per the current climate risk and key drivers of vulnerability. Report uses several key drivers of Vulnerability for the assessment- 1) percentage of the population living below the pover

EU’s Indo-Pacific Strategy approved by EU Council

The Council of the European Union has approved the EU’s Indo-Pacific Strategy for cooperation in the Indo-Pacific. About EU Indo-Pacific Strategy: The Indo-Pacific region spans from the east coast of Africa to the Pacific Island States with world’s two most populous countries & economies — India and China. The strategy aims to contribute to the stability, security, prosperity, and sustainable development of the Indo-Pacific Region. Basis of strategy are the promo

NASA's Ingenuity Rover takes flight in Mars' Atmosphere

NASA’s Mars Helicopter Ingenuity has successfully flown on Mars. It is the first powered flight on another planet.  About NASA’s Mars Helicopter Ingenuity Ingenuity is the first helicopter to fly on Mars. NASA’s rover called Perseverance carried it to the Red Planet. The helicopter’s main task is to carry out a technology demonstration to test the first powered flight on Mars. It also aims to collect samples from the locations on Mars where the rover canno

Startup India Seed Fund Scheme

Union Minister of Commerce & Industry recently launched the Startup India Seed Fund Scheme (SISFS). About Startup India Seed Fund Scheme (SISFS): The scheme was announced during the Prarambh: the ‘Startup India International Summit’. Which marks the 5-year anniversary of the Startup India initiative. Objective: Startup India Seed Fund Scheme(SISFS) aims to provide financial assistance to startups. Assistance is provided for proof of concept, prototype devel

Sudarshan Sen Committee for Asset Reconstruction Companies by RBI

Reserve Bank of India(RBI) has set up the Sudarshan Sen committee to review the working of Asset Reconstruction Companies (ARCs) Comprehensively. About Asset Reconstruction Company (ARC): Asset Reconstruction Company (ARC) is a specialized financial institution that buys the Non-Performing Assets (NPAs) from banks and financial institutions. It helps banks in cleaning up their balance sheets. Thus, it helps banks to concentrate on normal banking activities. Banks, Instead of goi

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