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Posted 09 Feb 2024
Updated 16 Mar 2024
9 min read
Key Fact Statement (KFS)
- Reserve Bank of India has mandated that all regulated entities provide a KFS to retail and MSME borrowers.
- About KFS
- It is a document that clearly explains lending terms and has key information regarding a loan agreement in a simple and easy-to-understand format.
- It enhances transparency in lending and enables customers to make informed decisions.
- Tags :
- MSMEs
- Reserve Bank of India
- KeyFactStatement
Initiatives under PMFBY
- Union Government launched 3 new initiatives under Pradhan Mantri Fasal Bima Yojana (PMFBY).
- PMFBY is comprehensive crop insurance from pre-sowing to post-harvest period.
- Krishi Rakshak Portal and Helpline (KRPH) 14447: To provide multilingual support, transparent communication and real-time grievance resolution.
- Learning Management System (LMS) to train stakeholders in efficient crop insurance and agricultural credit.
- SARTHI Portal: To extend coverage to health, life, home, shop, agriculture implements, motor, and parametric products.
- SARTHI is a digital insurance platform launched in collaboration with UNDP India.
- Tags :
- PMFBY
- SARTHI Portal
Kaladan Multi-Modal Transit Transport (KMTT) Project
- Myanmar rebel’s capture of Paletwa town adversely impacts the KMTT project.
- About KMTT Project
- Aims to provide connectivity between India and Myanmar from Ports on India’s eastern seaport to Myanmar’s Sittwe Port, and further to North East India.
- 4 stages –
- Kolkata to Sittwe port via the Bay of Bengal.
- Sittwe to Paletwa inland (River Kaladan).
- Paletwa to India-Myanmar border post in Mizoram.
- Border to Lawngtlai in Mizoram (NH 54).
- Significance: Improved access to Southeast Asia, improved connectivity to north-eastern states, etc.
- Tags :
- Kaladan Multi-Modal
- Myanmar
- KMTT Project
Conservation Reserve
- Telangana’s State Board for Wildlife (SBWL) approved the corridor area between Tadoba-Andhari Tiger Reserve and Kawal Tiger Reserve as a conservation reserve.
- SBWL is established under the Wildlife (Protection) Amendment (WPA) Act, 2002, headed by Chief Minister or Administrator in case of UT.
- About Conservation Reserve:
- A protected area under the ‘Wildlife (Protection) Act (WPA), 1972’ (added through the WPA Act of 2002).
- Acts as buffer zone to or connectors and migration corridors between national parks, wildlife sanctuaries and protected areas.
- Declared by the State Government, after consulting with the central government and the local communities.
- It is administered with the help of the Conservation Reserve Management Committee.
- Tags :
- Conservation Reserve
- Kawal Tiger Reserve
Natural gas flare
- Recently, natural gas flare samples collected in USA revealed high variation in nitrogen oxides emission estimates
- About Natural gas flare:
- It is the burning of the natural gas associated with oil extraction.
- The flare's combustion converts hydrocarbons to carbon dioxide and water.
- The process lessens the climate impact and reduces the safety concerns of the natural gas.
- However, it also produces nitrogen oxides or NOx.
- NOx includes the highly reactive gasses such as nitric oxide and nitrogen dioxide which directly and indirectly impacts air quality.
- In 2015, the World Bank and the United Nation, launched the Zero Routine Flaring by 2030 (ZRF) initiative.
- Tags :
- Natural gas flare
- nitrogen oxides
Kilkari programme
- Union Ministers of State for Health and Family Welfare launched Kilkari programme for beneficiaries in local content in Gujarat and Maharashtra.
- About Kilkari programme
- Kilkari’ (meaning ‘a baby’s gurgle’), is a centralized interactive voice response (IVR) based mobile health service.
- Centrally hosted by Union Ministry of Health & Family Welfare.
- Delivers free, weekly, time-appropriate 72 audio messages about pregnancy, childbirth, and childcare directly to families’ mobile phones from second trimester of pregnancy until child is one year old.
- Tags :
- Kilkari programme
- Ministry of Health and Family Welfare
Support to Students for Participating in Competitions Abroad (SSPCA)
- All India Council for Technical Education (AICTE) launched SSPCA to bolster global competitiveness of Indian students in technical education.
- Objectives: To provide travel assistance registration fee to a team of minimum 2 to 10 Bachelor students for attending competition on scientific event at international level.
- Eligibility: A team of Students in the field of technical education enrolled and undergoing a technical course notified by AICTE in an AICTE-approved technical institution.
- Grant: Entire amount subject to a maximum 1 lakh per student
- Tags :
- Support to Students
- All India Council for Technical Education
Aubrites Meteorite
- Study of Meteorite fragments from the Asteroid 2024 BX1 found that they are part of aubrites Meteorite.
- Meteor that reaches the Earth is called a meteorite.
- About Aubrites Meteorite
- Are rare meteorites originating from an extremely reduced differentiated parent body in the solar system.
- Named after the meteroite, which fell in 1836 near Aubres, France.
- They are coarse-grained igneous rocks formed under extremely reducing conditions or by little or no free oxygen.
- Contain a variety of exotic minerals not found on Earth.
- Tags :
- Meteorite
- Asteroid
Place in News
Iceland
)- Recently, a volcano erupted in Iceland.
- Political features:
- An island country, located in North Atlantic Ocean.
- Part of the Nordic Countries.
- Other Nordic countries are Denmark, Finland, Norway, and Sweden.
- Bounded by Greenland Sea (North); Norwegian Sea (East); Atlantic Ocean (South and west); Denmark Strait (Northwest).
- Geographical Features
- It is underlain by basalt, a dark rock of igneous origin.
- Lies on the Mid-Atlantic Ridge.
- Ridge is formed at divergent plate boundary where the North American Plate and the Eurasian Plate are moving away from each other.
- Highest Peak: Hvannadals Peak
- Major river: Thjórs River
- Tags :
- Iceland
- Nordic Countries
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News Today (Feb 09, 2024)