1) National Industrial Corridor Development and Implementation Trust (NICDIT): Recently, eight projects under the National Industrial Corridor Development and Implementation Trust (NICDIT) have been sanctioned and approved by the Government of India.
- NICDIT is an apex body under the administrative control of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry
- The Industrial Corridors are envisaged to be implemented by a Special Purpose Vehicle (SPV) in the form of a company set up under the Companies Act, 2013 as a joint venture between the central and the state governments.
- NICDIT supports project development activities and appraisal, approval and sanction of projects. It also coordinates and monitors all central efforts for the development of Industrial Corridor projects.
2) QR code-based Coin Vending Machine (QCVM): It is a cashless coin dispenser that dispenses coins in exchange for a bank account debit via the Unified Payments Interface (UPI).
- Unlike traditional cash-based Coin Vending Machines, the QCVM would not require banknote tendering or validation.
- This will offer ease and ready access to coins for customers via the UPI facility.
3) Hittites: They were members of an ancient Indo-European people who appeared in Anatolia (also known as Asia Minor, modern-day Turkey )at the beginning of the 2nd millennium BCE.
- The Hittite language was a member of the Anatolian branch of the Indo-European language family. The Hittite economy was based on agriculture.
- Although their civilization thrived during the Bronze Age, the Hittites were the forerunners of the Iron Age and were manufacturing iron artifacts from as early as the 14th century BCE.
- The Hittites were famous for their skill in building and using chariots.
4) Vikas Engine: It is a family of liquid fuelled rocket engines.
- It is used in the Polar Satellite Launch Vehicle (PSLV) and the Geosynchronous Satellite Launch Vehicle (GSLV) series of expendable launch vehicles for space launch use.
- The early productions involved imported French components, which were later replaced by domestically produced equivalents.
- The fuel load of the Vikas engine is 40 tonnes for the PSLV, GSLV Mark I and II, and 55 tonnes for the GSLV Mark III.
5) Liberalised Remittance Scheme (LRS): Introduced in 2004, LRS allows Indian residents to freely remit up to USD $250,000 per financial year for current or capital account transactions or a combination of both. Any remittance exceeding this limit requires prior permission from the RBI.
- Only individual Indian residents, including minors, are permitted to remit funds under LRS Corporates, partnership firms, HUF, trusts, etc., are excluded from its ambit.
- There are no restrictions on the frequency of remittances under LRS.
- Types of transactions permitted: Acquisition of immovable property abroad, overseas direct investment (ODI), and overseas portfolio investment (OPI); Extending loans, including loans in Indian Rupees to non-resident Indians (NRIs), Private visits abroad (excluding Nepal and Bhutan); Maintenance of relatives abroad; Medical treatment abroad; Pursuing studies abroad .
