Daily Current Affairs – 31 December, 2022

In News The Central government recently raised interest rates on eight of the 12 small savings schemes by 20 to 110 basis points. What are Small Savings Schemes Small savings schemes are designed to provide safe and attractive investment options to the public and at the same time to mobilise resources for development. These schemes […]

In News Recently, the RBI’s latest Financial Stability Report (FSR) indicated that India’s banks and non-bank lenders can withstand even the worst of macro-economic stress. RBI’s stress testing models have been criticised in the past for a significant upward bias.  Major Highlights of the report  Financial stability has been maintained. Domestic financial markets have remained […]

In News Recently, the Indian Air Force (IAF) successfully fired the Extended Range (ER) version of BrahMos air-launched supersonic cruise missile. BrahMos About: The missile is capable of being launched from land, sea, sub-sea and air against surface and sea-based targets. The ER air-launched missile weighs 2.65 tonnes, which will come down to 1.33 tonnes […]

In News India and Saudi Arabia are recently in talks to sign a Mutual Legal Assistance Treaty (MLAT) to obtain formal assistance from each other in investigations related to criminal cases. More about the news  India has so far signed MLATs with 45 countries and is also in talks to finalise MLATs with Italy and […]

In News Recently, the National Ganga Council informed that the Union government has spent more than Rs 13,000 crore on cleaning the Ganga since 2014. The council met after three years. It is chaired by the Prime Minister. More about the news  Namami Gange Programme:  The Centre had launched the Namami Gange Programme in 2014 […]

In News Armenia and India celebrated 30 years of bilateral diplomatic relations in the year 2022. India-Armenia Relations Historical Links: The Mamikonians, a revered aristocratic dynasty which controlled vast swathes of Armenia until the 8th century. A branch of the family moved between Armenia and India, and the greatest warrior it produced — the fifth-century […]

Context Recently, the Karnataka Cabinet decided to categorise the two dominant communities, Vokkaligas and Lingayats, as “moderately backward” from the “backward” category in a move that could increase their share in reservation for Other Backward Classes (OBC). About Karnataka currently has 32% quota for OBC, and 17% and 7% quota for Scheduled Castes and Scheduled […]