GS3

Information Management and Analysis Centre (IMAC): National maritime domain awareness centre of India

Context: The Indian Navy’s Information Management and Analysis Centre (IMAC) will soon become a National Maritime Domain Awareness (NDMA) centre. More on the news: This will enable the presence of all the stakeholders (a multi-agency centre) at IMAC, the nodal agency for maritime data fusion set up after the 26/11 Mumbai terror attacks. ... .Read more

Updated on 27 November, 2020 GS3 Security

Draft Merchant Shipping Bill, 2020

Context: The Ministry of Ports, Shipping and Waterways has come up with a draft of the Merchant Shipping Bill, 2020 for public consultation. More on the news: It has been a priority of the government of India to replace all archaic colonial laws with modern and contemporary International laws with active participation of people to enhanc... .Read more

Updated on 27 November, 2020 GS3 Economy

Cabinet approves Scheme of Amalgamation of Lakshmi Vilas Bank with DBS Bank India Limited (PIB)

Context: The Union Cabinet, chaired by the Prime Minister has given its approval to the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL). Benefits of amalgamation: There will be no further restrictions on the depositors regarding withdrawal of their deposits. It is in line with the Government'... .Read more

Updated on 26 November, 2020 GS3 Economy

eVIN: Its importance in the distribution of Covid-19 vaccines

Context: Recently, the Prime Minister of India in a video conference with heads of all the states and Union territories, informed that the government is using eVIN – Electronic Vaccine Intelligence Network, to identify primary beneficiaries and vaccine distribution networks. More on the news: The government is using eVIN in association w... .Read more

Updated on 26 November, 2020 GS3 Science and Technology

Role of National Disaster Response Force (NDRF)

Context: As cyclone "NIVAR '' is very likely to intensify further into a severe cyclonic storm crossing Tamil Nadu and Puducherry coasts, National Disaster Response Force (NDRF) is working in close coordination with district and local administrations. More on the news: Awareness programmes are being conducted for all citizens in the for... .Read more

Updated on 25 November, 2020 GS3 Disaster Management

Large corporate should be allowed ownership of private banks: RBI

Context: A recent recommendation by the Reserve Bank of India (RBI), allowing large corporate or industrial houses to be promoters of private banks has raised a lot of concern. More on the news: The Internal Working Group(IWG) of RBI, constituted to “review extant ownership guidelines and corporate structure for Indian private sector ban... .Read more

Updated on 25 November, 2020 GS3 Economy