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Interest rate for PF deposits

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The Central government accepted the recommendation of the Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) to increase the interest rate of deposits in Provident Fund (PF) to 8.15%. The new rate will be applicable for this financial year. Increase in Interest Rates The Labour Ministry had forwarded the CBT’s recommendation for the Union Finance Ministry’s approval. The CBT had recommended an increase to 8.15% from 8.10% interest to the deposits on March 28, 2023. The Finance Ministry has finally accepted the proposal and the interest now will be credited to the accounts of subscribers. About…

38th CISO Deep Dive Training Programme

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National e-Governance Division (NeGD), under its Capacity Building scheme, organised the 38th batch of CISO Deep-Dive training programme. The purpose of the program is to enable Government departments on steps that need to be taken to create a cyber resilient eco system. To build capacity of Chief Information Security Officers (CISOs) and frontline IT officials, Cyber Surakshit Bharat initiative of MeitY has also been conceptualised. The deep-dive training specifically aims at educating and enabling CISOs to understand cyber-attacks and get necessary exposure to the latest technologies for safeguarding e-infrastructure. Cyber Surakshit BharatInitiave It was launched in 2018 by the Ministry…

CURRENT AFFAIRS – 22/07/2023

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Modi raises aspirations of Tamils with Ranil Boosting ties: Prime Minister Narendra Modi with Sri Lankan President Wickremesinghe in New Delhi on Friday. R.V. MOORTHY PM calls for implementation of 13th Amendment and provincial elections in the island country;  Sri Lankan President lauds India for support offered during financial crisis over the past year KALLOL BHATTACHERJEE  NEW DELHI India expects Sri Lanka to implement the 13th Amendment and ensure a “life of dignity and respect” for its Tamil population, Prime Minister Narendra Modi said on Friday. Welcoming Sri Lankan President Ranil Wickremesinghe to India, Mr. Modi said both sides had held talks on…

CURRENT AFFAIRS – 21/07/2023

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Why is Kerch Bridge attack significant? Broken relations: Kerch Bridge, linking the Russian mainland to the Crimean Peninsula, after an explosion. The Russians claimed that Ukrainian Waterborne drones struck the bridge, which is a vital supply link for the Russian troops in the south of Ukraine.  What is the strategic importance of the bridge? Is Ukraine behind this attack? How did Russia respond? What was the key objective of the Ukrainian counteroffensive? Why did Russia withdraw from a UN-brokered grain deal? What guarantees did Ukraine get from its Western allies at the NATO summit? STANLY JOHNY EXPLAINER The story so…

Chandrayan – 3

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Chandrayan - 3 - Indian Space Research Organization (ISRO) said that it successfully integrated the Chandrayaan-3 spacecraft with the Launch Vehicle Mark-III (LVM3) at the Sathish Dhawan Space Centre in Sriharikota ahead of its launch, which is scheduled to launch at 2.30 PM on July 14. 

CURRENT AFFAIRS – 20/07/2023

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Cong. brings in Bill promising minimum income in Rajasthan This is the closest a Congress government has come since its 2019 promise to implement NYAY, a minimum income guarantee programme; Chief Minister Ashok Gehlot says it is the ‘right’ of people to be able to live their life with dignity SOBHANA K. NAIR  NEW DELHI Congress-led Ashok Gehlot government on Tuesday introduced ‘The Rajasthan Minimum Guaranteed Income Bill, 2023’ in the Assembly, in what is likely to be the last session before the State goes to polls in less than four months. The Bill, for the first time in the…

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…