Real-Time Payments to Boost India’s GDP by $76.5B

Real-time payments are revolutionizing India’s financial landscape with a recent study predicting that this technology will contribute $76.5 billion to India’s economy by 2028. This figure represents 1.5% of the nation’s GDP, equivalent to the output of approximately 8 million ..

Month: Current Affairs - December, 2024

Category: Economy & Banking Current Affairs

Fiscal Responsibility and Budget Management (FRBM) Act, 2003

The Fiscal Responsibility and Budget Management (FRBM) Act, enacted in 2003, aims to maintain fiscal discipline in India, introduced by Finance Minister Yashwant Sinha in 2000 and became effective on July 5, 2004. The Act mandates the government to manage ..

Month: Current Affairs - December, 2024

Category: Economy & Banking Current Affairs

What is Birthright Citizenship in the USA?

Birthright citizenship in the United States guarantees automatic citizenship to anyone born on American soil and is rooted in the 14th Amendment, ratified in 1868, which affirms that all individuals born or naturalized in the U.S. are citizens. The Immigration ..

Month: Current Affairs - December, 2024

Category: Legal & Constitution Current Affairs

ISRO Launches XPoSat for Cosmic Research

The Indian Space Research Organisation (ISRO) commenced 2024 with a milestone by successfully launching the X-ray Polarimeter Satellite (XPoSat), aims to enhance our understanding of black holes and neutron stars. It was deployed into orbit using the PSLV-C58 rocket, showcasing ..

Month: Current Affairs - December, 2024

Category: Science & Technology Current Affairs

Telangana Government Scraps Controversial Land Law

The Congress government in Telangana has recently announced the scrapping of the Telangana Rights in Land and Pattadar Pass Books Act, 2020, and introduced the Dharani online land records system. However, it faced extensive criticism for inaccuracies, missing passbooks, and ..

Month: Current Affairs - December, 2024

Category: States Current Affairs

Daily Current Affairs Quiz: December 21, 2024

1. What is the rank of India in the Travel and Tourism Development Index (TTDI) 2024? [A] 37th[B] 38th[C] 39th[D] 42nd Show Answer Correct Answer: C [39th] Notes:India ranks 39th in the 2024 Travel and Tourism Development Index (TTDI) by ..

E-Shram Portal: Empowering Unorganised Workers

The E-Shram Portal serves as a vital tool for unorganised workers in India, launched on August 26, 2021, it aims to create a National Database of Unorganised Workers (NDUW) verified through Aadhaar. This initiative enhances access to social security and ..

Month: Current Affairs - December, 2024

Category: Government Schemes Current Affairs

Easterine Kire’s ‘Spirit Nights’ Wins the 2024 Sahitya Akademi Award in English Language

Easterine Kire, a prominent writer from Nagaland, has been honored with the Sahitya Akademi Award for 2024 and announced its annual awards in 21 languages recently. Kire received the award for her novel Spirit Nights, published by Simon and Schuster ..

Month: Current Affairs - December, 2024

Category: Awards, Honours & Persons in News