National News
PM Dhan-Dhaanya Krishi Yojana Launched
- 36 central government schemes merged into one.
- Aims to enhance agricultural productivity and sustainability.
- Annual outlay of ₹24,000 crore for six years.
- Targets 1.7 crore farmers.
- Focuses on 100 underperforming districts.
- Emphasizes post-harvest infrastructure and irrigation efficiency.
- Promotes organic farming and crop diversification.
- Strengthens credit access for farmers.
- Shifts from subsidy-driven aid to a value-chain support model.
- Supports Atmanirbhar Bharat and doubling farmer incomes.
PM Modi Inaugurates Infrastructure Projects in Bihar
- Projects worth ₹7,200 crore launched in Motihari.
- Aims to accelerate Bihar’s transformation.
- Part of the broader Viksit Bharat Mission.
- Focus on urban renewal, connectivity, and housing development.
- Three lakh pucca houses delivered in Motihari.
- Aligns Bihar with the Viksit Bharat 2047 vision.
- Aims for equitable urban development.
- Expected to create local employment.
- Improve urban living standards and infrastructure resilience.
- Strengthens Bihar’s role in India’s development.
NSCSTI 2.0 Framework Launched
- Union Minister Dr. Jitendra Singh launched the framework.
- Aims to upgrade civil services training in India.
- Developed by the Capacity Building Commission (CBC).
- Standardizes and elevates training quality across CSTIs.
- Evaluation metrics reduced from 59 to 43.
- Incorporates hybrid learning and AI tools.
- Aligns with Karmayogi Competency Model (KCM).
- Adaptable to Central, State, and Urban Local Body institutes.
- Encourages public-private synergy.
- Aims to build a future-ready, citizen-centric civil service.
State News
BMRCL Appoints New MD
- Dr. J Ravishankar appointed as new MD of BMRCL.
- Replaces Maheshwar Rao.
- Change comes amid public outcry over fare hikes.
- Yellow Line launch in Bengaluru’s metro network pending.
- BMRCL oversees 77 km of operational metro lines.
- Phase 2 includes Yellow, Pink, and Blue Lines.
- Phase 3 approved in August 2024.
- Entire network to expand to 220.2 km by 2029.
- Expected to streamline operations.
- Strengthen last-mile connectivity.
Banking News
Historical Evolution of Indian Banks
- India’s banking sector transformed by nationalization and mergers.
- Government began nationalizing banks from late 1960s.
- First nationalization phase in 1969 covered 14 banks.
- Second nationalization phase in 1980 covered 6 banks.
- RBI nationalized in 1949, becoming central bank.
- Imperial Bank of India became SBI in 1955.
- 7 SBI associate banks brought under state ownership in 1960.
- Nationalization aimed to make banking accessible to public.
- Also aimed to direct credit to neglected sectors like agriculture.
- Led to rapid expansion of banking in rural areas.
Appointments
Dr. J Ravishankar Appointed BMRCL MD
- Dr. J Ravishankar is a 2001-batch IAS officer.
- Holds a degree in Dental Surgery.
- Previously served as Secretary in Agriculture and Housing.
- Also served as Excise Commissioner.
- Was Special Commissioner at BBMP.
- Served as Commissioner of Karnataka Housing Board.
- Brings diverse administrative experience to the role.
Economy News
PM Dhan-Dhaanya Krishi Yojana Economic Impact
- Annual outlay of ₹24,000 crore for six years.
- Aims to impact 1.7 crore farmers.
- Shifts to a value-chain support model.
- Promotes climate-resilient farming.
- Supports national goals of Atmanirbhar Bharat.
- Aims for doubling farmer incomes.
Bihar Infrastructure Projects Economic Impact
- ₹7,200 crore investment across various sectors.
- Expected to create local employment.
- Improve urban living standards.
- Enhance infrastructure resilience.
- Supports regional equity and growth.
Important Days
Nationalization of Banks Anniversary
- July 19, 1969, marks the date of the first wave of bank nationalization in India.
- 14 major private banks were nationalized on this date.
- This move aimed to align banking with socialist and developmental goals.
- Significance of the day for financial inclusion and public confidence in banks.