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In Context Recently, the Government of India has formulated a comprehensive scheme of SMILE (Support for Marginalised Individuals for Livelihood and Enterprise). SMILE-75 Initiative About: Under the “SMILE-75 Initiative”, 75 identified Municipal Corporations, in the spirit of AzadikaAmritMahotsav, will undertake comprehensive rehabilitation of persons engaged in the act of begging. MCs will cover several comprehensive […]

US Inflation Reduction Act (IRA) 2022

In News Recently, the U.S. Senate approved a Bill titled the Inflation Reduction Act (IRA) 2022. Key Highlights About: IRA has a special focus on climate, healthcare, and tax provisions to address inflation. Aim: The Bill marks the largest American investment aimed toward making the U.S. a leader in clean energy. To bolster the domestic […]

4th India-Bangladesh Annual Defence Dialogue

In News Recently, the 4th India-Bangladesh Annual Defence Dialogue was held in Delhi which agreed to further elevate the engagement between the two armed forces. The dialogue was co-chaired by Indian Defence Secretary and Principal Staff Officer of Armed Forces Division (AFD) of Bangladesh. Major Highlights of the Dialogue Military exercises The talks covered the […]

Formation of Continents

In Context According to a recent study published in Nature journal, giant meteorite impacts could be responsible for the formation of continents on Earth. More about the study About: According to the study, Earth’s continents were formed by massive meteorite impacts that were prevalent during the first billion years of our planet’s four and a […]

Blue Bonds

In News Recently, markets regulator Securities and Exchange Board of India (SEBI) has proposed the concept of blue bonds as a mode of sustainable finance. About Such securities can be utilised for various blue economy-related activities, including oceanic resource mining and sustainable fishing. SEBI has suggested strengthening the framework for green bonds by amplifying the […]

Corporate Social Responsibility (CSR)

In News Coal companies carry out various programmes and activities through their Corporate Social Responsibility (CSR) funds benefit the peripheral areas around coal mines. Corporate Social Responsibility (CSR) The CSR concept in India is governed by Section 135 of the Companies Act, 2013, Schedule VII of the Act and Companies (CSR Policy) Rules, 2014. The […]

Cooperatives on GeM portal

In News Over 300 cooperatives have been onboarded as buyers on the GeM portal to enable them to purchase goods and services at competitive prices. In the first phase, all eligible cooperatives with a turnover and deposits of ?100 crore will be able to start placing orders on the GeM portal. Why this move? It […]

Open Network for Digital Commerce (ONDC)

In News The US firm Microsoft has become the first big tech company to join the Open Network for Digital Commerce (ONDC). About ONDC: Launched by DPIIT It is a not-for-profit organisation that will offer a network to enable local digital commerce stores across industries to be discovered and engaged by any network-enabled applications. It […]

Continuation of Pradhan Mantri Awas Yojana-Urban (PMAY-U)

In News Recently, the Union Cabinet has approved the proposal of the Ministry of Housing and Urban Affairs (MoHUA) for continuation of Pradhan Mantri Awas Yojana-Urban (PMAY-U). Key Points PMAY-U will be continued up to 31st December 2024. The financial assistance is to be provided for the completion of already sanctioned 122.69 lakh houses till […]

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