1) Interpol Global Academy Network (IGAN): CBI Academy becomes a member of IGAN.
- Launched in 2019, IGAN supports academic collaboration among law enforcement training institutions across the world.
- International Criminal Police Organization (Interpol) is an inter-governmental organization which helps police in all member countries to work together to make world a safer place.
- Members: 195 (India is a member since 1949).
2) Compulsory Convertible Debentures (CCD): Foreign investors from Mauritius, Cyprus and Singapore are issued notices for gains from investment in CCDs issued by Indian companies.
- CCD are debentures with an underlying characteristic of compulsory conversion into equity after a certain period of time.
- CCDs are a type of hybrid instrument, i.e. it is neither considered a pure debt nor pure equity.
- CCDs include a convertibility feature which acts as an incentive for the investors over and above the interest income.
3) Software as a Service (SaaS): As per industry projections, SaaS in India is expected to reach $50 billion by 2030.
- It is a cloud-based software delivery model in which the cloud provider develops and maintains cloud application software.
- g., email services, office tools like MS Office 365, cloud-based data storage like Google Drive, etc.
- Software is made available to consumers via the Internet on a pay-as-you-go basis.
- Benefits: reduced costs for customers, easy deployment, and scalability for businesses.
4) Special skill initiative for North-East Region: Recently, a special initiative of “Transforming Lives – Building Futures: Skill and Entrepreneurship Development in North-East” was launched.
- It will include:
- Skill training under the PM Kaushal Vikas Yojana (PMKVY) and Jan Sikshan Sansthan (JSS)
- Apprenticeship engagement;
- Quality Enhancement of ITIs;
- Strengthening of Polytechnics;
- Skill India International Centre to be set up to promote overseas job opportunities.
