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Daily Archives: May 5, 2023

May 5, 2023_3.1

National Mission for Clean Ganga (NMCG): An Overview

Why the scheme is in the news? The National Mission for Clean Ganga (NMCG) and the National Institute of Urban Affairs (NIUA) jointly held the ‘River-Cities Alliance (RCA) Global Seminar: Partnership for Building International River-Sensitive Cities’ in New Delhi. The seminar aimed to facilitate discussions and exchange of best practices on urban river management among …

May 5, 2023_4.1

PM Gati Shakti: India’s Integrated Infrastructure Connectivity Plan for Economic Growth

Why the scheme is in the news? The Indian government is pushing to onboard social sector ministries onto the National Monetisation Pipeline (NMP) platform for socio-economic development. Special Secretary of Logistics Division, DPIIT, Sumita Dawra highlighted the potential for NMP adoption in social sector planning during a high-level meeting on PM Gati Shakti NMP adoption. …

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RBI Publishes 2022-23 ‘Currency and Finance’ Report with Focus on Climate Change

Dimensions of climate change addressed in RBI report The Reserve Bank of India (RBI) recently released a report for the fiscal year 2022-23, with a focus on sustainable growth and reducing carbon emissions. The report addresses the four critical aspects of climate change, including its macroeconomic impacts, financial stability implications, and strategies to mitigate climate …

Coast Guard facility in Maldives Foundation laid by Rajnath Singh

Rajnath Singh initiates construction of Coast Guard establishment in Maldives

Coast Guard facility in Maldives Foundation laid by Rajnath Singh The Defence Minister of India, Rajnath Singh, and his Maldivian counterpart, Mariya Didi, initiated the construction of a harbour at Sifavaru for the coast guard of Maldives. This move is aimed at enhancing the country’s maritime security capabilities, especially as China is increasing its presence …

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Olympic silver medallist Nijel Amos gets 3-year ban for doping

According to the Athletics Integrity Unit, Nijel Amos, who won a silver medal in the men’s 800m at the 2012 Olympics, has been given a three-year ban for doping. Amos, who hails from Botswana, tested positive for the banned substance GW1516 in the lead-up to last year’s track world championships. However, he received a reduction …

Technology Business Park in Vizag to be setup by AdaniConneX

Technology Business Park in Vizag to be setup by AdaniConneX

Technology Business Park in Vizag to be setup by AdaniConneX AdaniConneX, a company owned by Adani Enterprises, is constructing an Integrated Data Center and Technology Business Park in Madhurawada, Vizag with the goal of boosting the local technology ecosystem. According to the company, the facility will include a data center, technology and business park, as …

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Delhi HC appoints former Karnataka HC judge as Basketball Federation of India administrator

Former judge of the Karnataka High Court, P Krishna Bhat, has been appointed by the Delhi High Court as the administrator of the Basketball Federation of India (BFI) to conduct elections in the organization. The appointment is effective immediately, and the administrator will continue to function until a newly-elected body takes charge of BFI. The …

May 5, 2023_10.1

Tori Bowie, Olympic medal-winning US sprinter and former world champion, passes away at 32

Former 100m world champion sprinter from the United States of America, Tori Bowie, died at the age of 32. The American was crowned world champion in 2017 and won three Olympic medals at the Rio Games in 2016. She won the Olympic Gold with the USA relay team at the Rio Olympics in 2016. Tori …

JPMorgan Acquires First Republic Bank

JPMorgan Acquires First Republic Bank Amidst Recent Failures of Major US Banks

JPMorgan Acquires First Republic Bank American regulators announced that First Republic Bank had been taken over and that an agreement had been reached to sell the bank to JPMorgan Chase & Co. This marks the third major U.S. financial institution to fail in just two months. JPMorgan is set to acquire $173 billion in loans …