An Academy of Civil Services

Why in News?The private companies have shown interest in setting up New Umbrella Entities (NUEs) for payment systems – an idea floated by the Reserve Bank of India (RBI).The aim is to create an alternate mechanismto the existing 

Why in News?Recently, the Reserve Bank of India (RBI) has unveiled the first composite Financial Inclusion Index (FI-Index).The annual FI-Indexfor the financial year ended March 2021 crossed the halfway mark to 53.9, as compared to 43.4 for the

Why in News:The Reserve Bank of India (RBI) has released the National Strategy for Financial Education (NSFE) for the next five years (2020-2025) to disseminate financial education in the country.Under this, the central bank has recommended a ‘5-Core Actions

Why in News?The largest Sea Snot outbreak is being witnessed in Turkey’s Marmara Sea, which connects the Black Sea to the Aegean Sea.This outbreak of mucilage is believed to be one of the largest on record, till date, and has created havoc along the country’s coastline

Why in News?The Ministry of Social Justice & Empowerment had recently organised meetings with officials and other stakeholders of Jammu & Kashmir and Ladakh for implementation of National Trust Act, 1999.This act looks into the welfare of people with autism, cerebra

The digital payments and financial services firm Paytm has announced that it will raise investment through an initial public offer (IPO) from the Grey market.What is Grey Market IPO?Grey Market IPO is an unofficial market where individuals buy/sell IPO shares or applications&nbs

Why in News?Indian policy makers who had preferred cotton based textile policy over the decades are significantly moving towards man-made fibre sector (MMF)How is the textile market of India?India is the largest producer of cotton in the world accounting for 25% of g

G.S. IIIContext:Scientists attempt to turn edible plants like lettuce into mRNA vaccine factories under the edible vaccine project.The edible vaccine project:The project, backed by a US $500,000 grant from the US National Science Foundation, has three goals:

G.S. IIContext:National Financial Reporting Authority (NFRA) Chairperson has pitched for a ‘standalone legislation’ for the regulator in the interests of autonomy.He also demanded that all necessary penal provisions relating to financial

Why in News?Recently in Myanmar, the army has been declared a state of emergency there.People of the Chin community living in Mizoram have feared the exodus of their families living in neighboring Myanmar.Key Facts:A large number of people from the C