NETRA(Network for space object Tracking and Analysis): Under the project, the ISRO plans to put up many observational facilities: connected radars, telescopes; data processing units and a control centre. They can, among others, spot, track and catalogue objects as small as 10 cm, up to a range of 3,400 km and equal to a spaceRead more
Affinity test: The Supreme Court wants to fix foolproof parameters to determine if a person belongs to a Scheduled Tribe and is entitled to the benefits due to the community as it is no longer sure about an “affinity test”. Affinity Test is used to shift through anthropological and ethnological traits to link a personRead more
Shrinkflation: Shrinkflation is basically a form of hidden inflation that involves reducing the size of a product while maintaining its sticker price. Rather than increase the price of a product, the company simply offers a smaller package for the same sticker price. Raising the price per given amount is a strategy employed by companies, mainlyRead more
NABARD: NABARD is a development bank focussing primarily on the rural sector of the country. It is the apex banking institution to provide finance for Agriculture and rural development. Its headquarter is located in Mumbai, the country’s financial capital. It is responsible for the development of the small industries, cottage industries, and any other suchRead more
Reserve Bank Innovation Hub (RBIH): The Reserve Bank of India (RBI) governor inaugurated the Reserve Bank Innovation Hub (RBIH) in Bengaluru. It has been set up as a Section 8 company under the Companies Act, 2013 with an initial capital contribution of Rs. 100 crore. It is is a wholly owned subsidiary of the RBI.Read more
Wings India-2022: The Ministry of Civil Aviation, Airports Authority of India (AAI) and Federation of Indian Chambers of Commerce and Industry (FICCI) is jointly organising Wings India 2022 from 24th – 27th March 2022, Begumpet Airport, Hyderabad, India. It is Asia’s largest event on Civil Aviation (Commercial, General and Business Aviation). It is in synergyRead more
FPO: FPOs are voluntary organizations controlled by their farmer-members who actively participate in setting their policies and making decisions. They are open to all persons able to use their services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination. FPOs operatives provide education and training for their farmer-members,Read more
Finlandization: It refers to the policy of strict neutrality between Moscow (Russia) and the West that Finland followed during the decades of the Cold War. The principle of neutrality was rooted in the Agreement of Friendship, Cooperation, and Mutual Assistance (or YYA Treaty, from the Finnish “Ystavyys-, yhteistyo – ja avunantosopimus”) that Finland signed withRead more
3 seas initiative: The Three Seas Initiative (3SI) is a regular cooperation format that brings together 12 European Union member states between the Adriatic Sea, the Baltic Sea and the Black Sea: Austria, Bulgaria, Estonia, Croatia, Lithuania, Latvia, Poland, Romania, Slovakia, Slovenia, the Czech Republic and Hungary. The partners of the 3SI are the UnitedRead more
NPA: Non-Performing Assets is a loan or advance wherein interest or installments of principal remain overdue for a period of 90 days. Classification of Non Performing Assets: 1. Sub-standard: When the NPAs have aged less than 12 months. 2. Doubtful: When the NPAs have aged more than 12 months. 3. Loss assets: When the bankRead more
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