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Rupee-Dirham deal

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WHY IN NEWS Two memoranda of understanding (MoU) were signed between the Reserve Bank of India and the Central Bank of the United Arab Emirates. These MoUs will take India a step closer to increasing circulation of the rupee in the Gulf region. The Details The first agreement between the RBI and the UAE Central Bank will establish a framework to “promote the use of local currencies (rupee and dirham) for cross border transactions”. The other MoU between the two central banks is aimed at interlinking their “payment and messaging systems”. This will strengthen cooperation in the payment systems area…

Digital Personal Data Protection Bill

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Why in News  The Union Cabinet has approved the Digital Personal Data Protection Bill and will table it in the monsoon session of Parliament (July 20-August 11). The draft Bill was placed in the public domain in December 2022. About Draft Digital Personal Data Protection Bill, 2022 The Bill will apply to the processing of digital personal data within India where such data is collected online, or collected offline and is digitised. It will also apply to such processing outside India, if it is for offering goods or services or profiling individuals in India. Personal data may be processed only…

Multidimensional Poverty: NITI Aayog Report

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India witnessed 13.5 crore people moving out of multidimensional poverty between 2015-16 and 2019-21. The fastest reduction was seen in Uttar Pradesh, Bihar, Madhya Pradesh, Odisha and Rajasthan. About the Report The report — ‘National Multidimensional Poverty Index: A progress of Review 2023’ — was released by Suman Bery, Vice-Chairman, NitiAayog. This second edition of the National Multidimensional Poverty Index (MPI) represents India’s progress in reducing multidimensional poverty. The Multidimensional Poverty Index identifies acute deprivations in health, education and standard of living by interrogating 10 indicators. MPI looks at how people experience poverty in multiple, overlapping ways. It is based…

Veer Savarkar International Airport, Port Blair

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Why in News Prime Minister will inaugurate the New Integrated Terminal Building of Veer Savarkar International Airport, Port Blair on 18th July. About the Airport Project The New Integrated Terminal Building is built at a cost of around Rs. 710 crore. It has a total built up area of around 40,800 sqm., and has the capability of handling about 50 lakh passengers annually. This project is expected to play a key role in boosting connectivity of the island UT. Inspired from nature, the architectural design of the airport terminal resembles a shell shaped structure depicting sea and islands. Sustainability features…

Kashmir’s centuries-old ‘Namda’ craft

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Why in News Recently, the Prime Minister shared about the revival and growth of centuries old ‘Namda Craft’ from Kashmir. About Namda Craft The art of producing Namda is a centuries-old traditional craft that has been handed down through the generations in the valley. Namda are felted rugs that are made by enmeshing wool fibers with water, soap and pressure and then embroidering the resultant fabric. These are extensively used in Kashmiri households as an effective and inexpensive floor covering and mattress. The art of making Namda goes through several stages and requires skilled craftsmanship that has been handed down…

INDIAN RED CROSS SOCIETY

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WHY IN NEWS The President of India, Smt.Droupadi Murmu presided over the ceremonial session of annual general meeting of Indian Red Cross Society. About Indian Red Cross Society The Indian Red Cross is a voluntary humanitarian organization and has a network of over 1100 branches throughout the country. It is a leading member of thelargest independent humanitarian organization in the world,the International Red Cross & Red Crescent Movement. The organisation works by providing relief in times of disasters/emergencies and promotes health & care of the vulnerable people and communities. Indian Red Cross Society (IRCS) was established in 1920 under the…

CURRENT AFFAIRS – 19/07/2023

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A push for GM mustard disregarding science, the law Aniket Aga is an anthropologist and author of ‘Genetically Modified Democracy: Transgenic crops in contemporary India’ A determined battle by environmentalists in the Supreme Court of India against Delhi University’s genetically modified (GM) herbicide-tolerant (HT) mustard is all that stands between GM food and Indian farmers and consumers. GM crops are quite different from conventional varieties and hybrids, such as those developed by farmers, agricultural research institutions and companies. Biotechnologists insert select genes at a random location in the DNA of a plant to develop a GM crop. The insertion makes…

CURRENT AFFAIRS – 18/07/2023

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A common civil code spelling equality for every Indian Pulapre Balakrishnan is an economist The 22nd Law Commission has called for responses to a proposal for a Uniform Civil Code in India. This has set off a debate, which has often been acrimonious. But the debate itself is much needed as Indians have never been consulted on the personal laws they are governed by. These laws were instituted by the British colonial government by giving a cursory hearing to the clergy, or religious scholars in the case of religions without one. The result was a religion-based set of personal laws…

CURRENT AFFAIRS – 17/07/2023

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Govt. sets up new panel to review all NSO data It replaces a committee which examined economic datasets only; move follows sharp critiques f India’s statistical machinery; new panel to advise govt. on surveys, identify and plug data gaps VIKAS DHOOT  NEW DELHI The Union government has constituted a new internal oversight mechanism for official data, revamping a Standing Committee on Economic Statistics (SCES) set up in late 2019, soon after the findings from the last round of household surveys on consumption expenditure and employment were junked over “data quality issues”. In an order issued last Thursday, the Statistics Ministry…

CURRENT AFFAIRS – 15/07/2023

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India’s third lunar odyssey commences with perfect launch Ambitious mission: The rocket carrying Chandrayaan-3 lifts off from the Satish Dhawan Space Centre in Sriharikota on Friday. PTI Spacecraft enters elliptic parking orbit; soft landing likely on August 23; Chandrayaan-3 testament to our scientists’ relentless dedication: Modi HEMANTH C.S.  SRIHARIKOTA India’s third moon mission, Chandrayaan-3, was successfully launched onboard a Launch Vehicle Mark-3 (LVM-3) rocket from the Satish Dhawan Space Centre in Sriharikota at 2.35 p.m. on Friday. This is India’s second attempt at soft-landing robotic instruments on the lunar surface after the previous attempt, Chandrayaan-2, failed in 2019. Thus far, only three…