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Justice system plagued by low budgets: India Justice Report 2022 The India Justice Report (IJR) 2022 has revealed that India’s justice system is being plagued by low budgets, leading to a significant backlog of cases. Despite states increasing budget allocations for legal aid, the report has found that legal aid clinics have been reduced by…
RBI Keeps Repo Rate Unchanged at 6.5%: Here’s What It Means for Govt Exam Aspirants The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5%. This was announced by RBI Governor Shaktikanta Das on April 6, 2023. The repo rate is the rate at which the central bank lends…
Govt Approves Proposal to Induct Women Officers in Artillery: A Step towards Gender Equality in the Indian Army The Indian government has approved the Indian Army’s proposal to induct women officers in the artillery branch, a significant step towards gender equality and women’s empowerment in the armed forces. The decision was taken on March 20,…
Skyroot Aerospace test-fires 3D-printed Dhawan II engine for record 200 seconds Skyroot Aerospace, a private space vehicle manufacturer based in Telangana, has successfully test-fired the 3D-printed Dhawan II engine for a record 200 seconds. The engine is the fourth and final stage of the company’s Vikram series of rockets. Why this News is important: Significant…
Canara Bank launches Premium Payroll Account for Salaried Employees Canara Bank has launched a new Premium Payroll Account for salaried employees. The account offers a host of benefits, including free unlimited transactions on Canara Bank ATMs, a personal accident insurance cover of up to Rs. 10 lakh, and a health insurance cover of up to…
National Maritime Day 2023 Celebrates India’s Sea Trade India celebrated National Maritime Day on April 5, 2023, commemorating the first successful voyage of the Indian ship “SS Loyalty” in 1919 from Mumbai to the United Kingdom. This day is celebrated every year to recognize the significant contribution of India’s maritime sector to the country’s economy….
Unclaimed Deposits Transfer: Public sector banks transfer ₹35,012 cr unclaimed deposits to RBI As of February 2023, public sector banks (PSBs) in India have transferred unclaimed deposits worth ₹35,012 crore ($4.7 billion) to the Reserve Bank of India (RBI), according to a report by the central bank. The transfer of these funds was made under…
Axis Bank business management solution : Axis Bank Launches Business Management Solution for Merchants Axis Bank, one of India’s leading private sector banks, has recently launched a new digital solution for merchants that aims to simplify their business management tasks. The solution, called “Merchant Suite,” offers a range of features that enable merchants to manage…
Article: India’s Forex Reserves Rise by $5.98 Billion to $578.78 Billion India’s foreign exchange reserves have increased by $5.98 billion to reach $578.78 billion as of March 24, 2023, as per the data released by the Reserve Bank of India (RBI) on Friday. This rise in reserves can be attributed to the increase in foreign…
Title: Sanjay Jasjit Singh Assumes Charge as Vice Chief of Naval Staff Sanjay Jasjit Singh has taken over as the Vice Chief of Naval Staff, succeeding Vice Admiral R Harikumar. The change of command ceremony took place at the South Block in Delhi. The newly-appointed Vice Chief of Naval Staff will be responsible for the…
