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National Payments Corporation of India (NPCI) NPCI was set up in 2008. It is a 'Not for Profit' company, which was set up in 2008 as an umbrella organization for all retail payments systems in India. It was set up with the guidance and support of (RBI) and the Indian Banks’ Association (IBA). Initially, the shareholding was for 10 banks, it was diversified to 56 banks. Objectives To co
The Nansen Initiative The Nansen Initiative is a state-led, bottom-up consultative process intended to build consensus on the development of a protection agenda addressing the needs of people displaced across international borders in the context of disasters and the effects of climate change. The overall goal of the Nansen Initiative is to build consensus among States on key principles and elements to protect people displaced across borders in the context of disasters caused by natural h
Dr V Anantha Nageswaran: New Chief Economic Advisor About Chief Economic Advisor The Chief Economic Adviser (CEA) is a post in the Government of India and is equivalent to the rank of Secretary to the Government of India. The CEA is head of the Economic Division of the Department of Economic Affairs, Ministry of Finance, Government of India. The CEA is the ex-officio cadre controlling authority of the Indian Economic Service. Until 2009, the CEA’s position was a Union Publi
The lightweight anti-tank missile tested by DRDO What is Man-Portable Anti-Tank Guided Missile? The MPATGM is a third-generation anti tank guided missile (ATGM), which has been developed by DRDO in partnership with Indian defence contractor VEM Technologies Ltd. Fitted with a high-explosive anti-tank (HEAT) warhead, the MPATGM boasts a top attack capability and has a maximum engagement range of about 2.5 kilometres.. Design and development of the MPATGM we
Global Innovation Index (GII) 2021 India has climbed 2 spots and has been ranked 46th by the World Intellectual Property Organization in the Global Innovation Index 2021 rankings. What is Global Innovation Index? It is a global ranking for countries for success in innovation. It is published by WIPO with Cornell University and INSEAD. It ranks on the basis of IPR to R&D, online creativity, mobile app, education, software spending, ease of doin
SAAR program As a part of Azadi Ka Amrut Mahotsav, Smart Cities Mission, MoHUA has launched the “Smart cities and Academia Towards Action & Research (SAAR)” program, a joint initiative of MoHUA, National Institute of Urban Affairs (NIUA) and leading Indian academic institutions of the country. Under the program, 15 premier architecture & planning institutes of the country will be working with Smart Cities to document landmark projects undertaken by the
About Smart Cities Mission (SCM) For economic growth, improve Quality of life, and local development, harness technology to create smart outcomes. It will cover 100 cities and will be from 2015 to 2020. It is a mission mode project. The Smart City Mission is under MoHUA. SCM will be operated as a Centrally Sponsored Scheme Center will give Rs. 48000 crores over 5 years with Rs. 100 crore per city per year. An
Border Roads Organisation (BRO) Context: The Border Roads Organisation (BRO) has raised its benchmark of excellence yet again by extending access to the formidable Zojila at an altitude of 11,649 ft, which links the Union Territory of Ladakh with the rest of the country. For the first time, the Zojila pass remained open beyond 31st December. It is the arterial road connecting Lahaul and Spiti district of Himachal Pradesh from the rest of the country. The pass was opened on May 1
I4C - Indian Cybercrime Coordination Centre What is the Indian Cyber Crime Coordination Centre (I4C)? It is set up under the newly created Cyber and Information Security (CIS) division of the MHA. 7 components of the Indian Cyber Crime Coordination Centre (I4C): National Cyber Crime Threat Analytics Unit National Cyber Crime Reporting Portal National Cyber Crime Training Centre Cyber Crime Ecosystem Management Unit National Cyber Crime Research and Inn