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Daily News Digest:28 October 2021

INDIA HAS APPLIED FOR A $2 BILLION LOAN FROM AIIB AND ADB

India has applied for a $ 2 billion loan from the Asian Infrastructure Investment Bank (AIIB) and the Asian Development (ADB) to purchase an estimated 700 million doses of COVID-19 vaccine. The ADB in Manila is expected to finance a $ 1.5 billion loan and AIIB is considering a $ 500 million grant.

QUALITY COUNCIL OF INDIA SETS UP A TEAM OF EXPERTS TO EXECUTE THE PROPOSED ONDC PROJECT

The Quality Council of India (QCI) has established a team of experts and a number of small and medium enterprises have been on-boarded as volunteers for the execution of a proposed project - Open Network for Digital Commerce (ONDC).

ONDC aims to democratise digital commerce, moving from a platform-centric model to an open network, as Unified Payment Interface (UPI) has developed a digital payment system.

AGNI V LAUNCHED BY DRDO

On October 27, 2021, DRDO carried successful test-firing of surface-to-surface ballistic missile Agni-5 from APJ Abdul Kalam Island in Odisha. 

It is an Indian nuclear-capable intercontinental ballistic missile with a range of around 5,000 to 8,000 km.

KRISHI UDAN 2.0 LAUNCHED TO BOOST TRANSPORT OF AGRI-PRODUCTS

The Ministry of Civil Aviation has introduced the Krishi Udan 2.0 program under which the associated infrastructure will be built at northeastern airports, hilly regions and international nations to assist farmers in transporting agricultural products. The facility, which is under Krishi Udan 2.0, said a complete waiver of airport costs would be given to selected airports even if the agricultural cargo is less than 50% of the total chargeable weight carried.

WORLD BANK REPORT ON INCREASE OF UNEQUAL GLOBAL WEALTH

According to the World Bank’s newly released Changing Wealth of Nations report, Global wealth has grown overall, but at the expense of future prosperity and by growing inequalities. Global wealth is growing, largely because middle-income countries have higher access to more developed economies. But many low-income countries remain stuck, holding less than 1% pie despite counting 8% of the world's population.

‘SAMBHAV’ AN e-NATIONAL LEVEL AWARENESS PROGRAMME

On October 27, 2021, the Ministry of Micro, Small & Medium Enterprises (MSME) has launched an e-National Level Awareness Programme ‘SAMBHAV’, to promote engagement of the youth in promoting entrepreneurship.

INDIA POST PAYMENTS BANK AND HDFC BANK SIGNED MoU TO GIVE LOAN TO ABOUT 4.7 CRORE CUSTOMERS

India Post Payments Bank (IPPB) and HDFC have joined a strategic partnership by signing a Memorandum of Understanding (MoU) to provide home loans to nearly 4.7 crore customers in the payment bank.

AMENDMENTS TO THE REGISTRATION OF BIRTHS AND DEATHS ACT, 1969

Recently, the Centre has proposed amendments to the Registration of Births and Deaths Act, 1969 that will allow it to “maintain the database of registered birth and deaths at the national level”. At present, the registration of births and deaths is done by the local registrar appointed by States.

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AMENDMENTS TO THE REGISTRATION OF BIRTHS AND DEATHS ACT, 1969

AMENDMENTS TO THE REGISTRATION OF BIRTHS AND DEATHS ACT, 1969 Context: Recently, the Centre has proposed amendments to the Registration of Births and Deaths Act, 1969 that will allow it to “main ...

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INDIA POST PAYMENTS BANK AND HDFC BANK SIGNED MoU TO GIVE LOAN TO ABOUT 4.7 CRORE CUSTOMERS

INDIA POST PAYMENTS BANK AND HDFC BANK SIGNED MoU TO GIVE LOAN TO ABOUT 4.7 CRORE CUSTOMERS Context: India Post Payments Bank (IPPB) and HDFC have joined a strategic partnership by signing a Memorandu ...

4 weeks ago

‘SAMBHAV’ AN e-NATIONAL LEVEL AWARENESS PROGRAMME

‘SAMBHAV’ AN e-NATIONAL LEVEL AWARENESS PROGRAMME Context: On October 27, 2021, the Ministry of Micro, Small & Medium Enterprises (MSME) has launched an e-National Level Awareness Prog ...

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WORLD BANK REPORT ON INCREASE OF UNEQUAL GLOBAL WEALTH

WORLD BANK REPORT ON INCREASE OF UNEQUAL GLOBAL WEALTH Context: According to the World Bank’s newly released Changing Wealth of Nations report, Global wealth has grown overall, but at the expens ...

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KRISHI UDAN 2.0 LAUNCHED TO BOOST TRANSPORT OF AGRI-PRODUCTS

KRISHI UDAN 2.0 LAUNCHED TO BOOST TRANSPORT OF AGRI-PRODUCTS Context: The Ministry of Civil Aviation has introduced the Krishi Udan 2.0 program under which the associated infrastructure will be built ...

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