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Social Security For Workers

In News  Recently, a Parliamentary panel recommended social security measures for informal workers in its report on the impact of the pandemic on rising unemployment and job loss. Objectives and Need  The pandemic has devastated the labour market, denting the employment scenario and threatening the survival of millions of workers and their families. The reports […]

e-RUPI: Digital Payment Solution

In News The Prime Minister is set to launch the digital payment solution e-RUPI on August 2. Key Points About: It is a person and purpose-specific digital payment solution which is a cashless and contactless instrument for digital payment. Working Mechanism: e-RUPI has a QR code or SMS string-based e-Voucher, which is delivered to the […]

Introduction of Central Bank Digital Currency

In News Recently, the Reserve Bank of India (RBI) has been working on the phased introduction of the Central Bank Digital Currency (CBDC ). About Central Bank Digital Currency It is a legal tender and a central bank liability in digital form denominated in a sovereign currency and appearing on the central bank’s balance sheet. […]

Kesariya Buddha Stupa

In News Recently, the world-famous Kesariya Buddha stupa in east Champaran district of Bihar has been waterlogged following floods after heavy rainfall in Gandak river’s catchment areas. About Kesariya Buddha Stupa The stupa is located about 110 km from the State capital Patna. It has a circumference of almost 400 feet and stands at a […]

4,000-year-old settlement found in Durgadevi

In News 4,000 years old settlement found during excavation in Odisha  About Archaeologists encounter distinct traces of three cultural phases at the excavation site at Durgadevi village, Balasore District. The Odisha Institute of Maritime and South East Asian Studies (OIMSEAS), an archaeological wing of the State government, discovered it. Discovery The site has a circular […]

India on Currency Monitoring List

  In News Recently, India has been put on the U.S. Treasury’s Currency Manipulators Monitoring List along with 10 other countries for the April 2021 list. Other 10 countries are China, Japan, Korea, Germany, Ireland, Italy, Malaysia, Singapore, Thailand and Mexico. All of these, except Ireland and Mexico, were on the December 2020 list. Currency […]

Various Traditional Festivals

In News The Vice President of India greeted the people on festivals ‘Chaitra Sukladi, Gudi Padwa, Ugadi, Cheti Chand, Vaisakhi, Vishu, Puthandu, and Bohag Bihu’.? Gudi Padwa It is celebrated in the first month of Chaitra, Gudi Padwa is primarily celebrated by the people in Maharashtra and Goa. The festival derives its name from two […]

RBI extends fresh support of Rs50,000 cr. to NABARD

In News The RBI has said it would extend fresh support of Rs50,000 crore to the All India Financial Institutions for new lending in FY22. The move is aimed to mitigate the impact of the pandemic and aid economic revival. About Accordingly, NABARD will be provided a special liquidity facility (SLF) of ?25,000 crore for […]