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Monthly Archives: April 2024

RBI's DIGITA Initiative: Curbing Illegal Lending Apps

RBI’s DIGITA Initiative: Curbing Illegal Lending Apps

The Reserve Bank of India (RBI) is contemplating the establishment of the Digital India Trust Agency (DIGITA) to combat the proliferation of illegal lending apps. This initiative aims to bolster cybersecurity measures and clamp down on fraudulent activities in the digital lending sector. Purpose of DIGITA Verification and Oversight: DIGITA will facilitate the verification of …

List of Former Chief Ministers of Meghalaya

List of Former Chief Ministers of Meghalaya (1970-2024)

Meghalaya, a state nestled in the northeastern region of India, has seen a succession of leaders guiding its path since its formation in 1970. From its inception, the Chief Minister’s office has been held by various stalwarts who have shaped the state’s political landscape and contributed to its development journey. Here’s a glimpse into the …

National Parks in Karnataka

List of National Parks in Karnataka

Karnataka, a state in southern India, boasts a rich tapestry of natural wonders, from verdant forests to sprawling plains. Among its prized possessions are its national parks, each a sanctuary of biodiversity and natural beauty. These protected areas serve as havens for diverse flora and fauna, offering visitors a chance to witness the untamed wilderness …

April, 2024 - - Part 54_7.1

India, Maldives & Sri Lanka’s ‘Dosti-16’ Held in Maldives

Highlighting the importance of “collaboration and interoperability” among the coast guards personnel of the Maldives, India, and Sri Lanka, Maldivian Defence Minister Mohamed Ghassan Maumoon said the trilateral exercise ‘Dosti‘ will unite the troika to address “shared maritime security concerns through collaboration.” Participation and Objectives Indian Coast Guard ships Samarth and Abhinav, along with Sri …

Tripura: Matabari Pera Prasad, Rignai Pachara Textiles Get GI Tag

Tripura: Matabari Pera Prasad, Rignai Pachara Textiles Get GI Tag

Three traditional products from Tripura have recently received the prestigious Geographical Indication (GI) tag. The products are Matabari pera prasad, Rignai pachara textiles and Risa. With this, Tripura now has 4 GI Protected products. Matabari Pera Prasad: Sweet Offering at Tripureswari Temple The ‘Matabari pera prasad’ is a sweet offering at the renowned Tripureswari temple in …

April, 2024 - - Part 54_9.1

IAF’s 10-day mega exercise ‘Gagan Shakti’ begins from April 1-10

The Indian Air Force (IAF) is showcasing its might and capability to carry out high-octane operations during the upcoming ‘Gagan Shakti-2024‘ exercise “in a realistic environment” from April 1-10. The exercise involves all air force bases and assets scattered across the country. Objectives and Previous Edition ‘Gagan Shakti’ was last held in 2018, when the …

India-Nepal Joint Initiative to Promote Sanskrit Research and Education

India-Nepal Joint Initiative to Promote Sanskrit Research and Education

The Indian and Nepalese governments, along with scholars from both countries, have collaborated to advance Sanskrit research and education. This partnership aims to strengthen bilateral relations and preserve the cultural heritage shared by India and Nepal. Resolution Highlights 1. Establishment of International Sanskrit Conference Proposal for an annual conference to foster collaboration and knowledge exchange …

REC Wins SKOCH ESG Award 2024 in Renewable Energy Financing Category

REC Wins SKOCH ESG Award 2024 in Renewable Energy Financing Category

REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, has been bestowed with the SKOCH ESG Award 2024 in the ‘Renewable Energy Financing’ category. The award underscores REC’s dedication to sustainable financing, paving the way for a greener future and accelerating the transition to renewable energy. Executive …

Karnataka Bank Raises Rs 600 Crore Through QIP: Bolsters Growth and Stability

Karnataka Bank Raises Rs 600 Crore Through QIP: Bolsters Growth and Stability

Karnataka Bank has successfully concluded a Qualified Institutional Placement (QIP) to raise Rs 600 crore, adding to its planned capital raise program of Rs 1,500 crore announced in September 2023. This strategic move aims to enhance the bank’s financial strength, fueling its growth trajectory while ensuring stability. Key Points QIP Details The QIP, initiated on …