Ramanujan Machine – Scientists developed a new concept

RAMANUJAN MACHINE For: Mains Topics Covered: New Concept – Ramanujan Machine, What does it do, Significance News Flash Scientists from Technion — Israel Institute of Technology have developed a concept they have named the Ramanujan Machine, after the Indian mathematician. What is it? It is not really a machine but an algorithm and performs a very unconventional function. It exists as a network of computers running algorithms dedicated to finding conjectures about…

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Bimal Jalan Committee Report on Reserve Bank of India’s Capital

REPORT ON RESERVE BANK OF INDIA CAPITAL For: Preliminary & Mains Topics covered: Bimal Jalan Committee report, Suggestions, Why the government wants surplus transfers? News Flash The Bimal Jalan committee constituted to assess the optimum size of capital reserves that the RBI should hold finalized its report. Background The committee was appointed in December 2018. The task is to review the economic capital framework (ECF) for the Reserve Bank of India (RBI).…

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CCEA approves Dibang Multipurpose Project

DIBANG MULTIPURPOSE PROJECT National Hydroelectric Power Corporation (NHPC) to develop India’s largest hydropower project. The project is located on river Dibang, in lower Dibang Valley District of Arunachal Pradesh. The project envisions the construction of a 278-meter high concrete dam and will be the highest dam in India once completed. The estimated completion period for the project is 9 years. The project shall generate 2880 MW (12x240MW) power to produce 11223 MU of energy…

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A.K.Sikri is now judge in Singapore International Commercial Court

SINGAPORE INTERNATIONAL COMMERCIAL COURT Former Supreme Court judge Justice A K Sikri has been appointed as an International Judge of the Singapore International Commercial Court (SICC). The appointment of Justice Sikri from August 1. His appointment is until Jan 4, 2021. Singapore International Commercial Court The SICC was officially launched on 5 January 2015. The SICC is a division of the Singapore High Court and part of the Supreme Court of Singapore designed…

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“Sex Ratio at Birth” Drops in India – Gender Composition

SEX RATIO AT BIRTH DROPS IN INDIA For: Preliminary & Mains Topics covered: Sex ratio at birth, Highlights of the report News Flash India’s sex ratio at birth (SRB) or the number of female babies fell to an all-time low of 896 in 2015-2017. From 909 female babies born for 1,000 male babies in 2011-13, states the report by Sample Registration Survey. The population ratio was 940 females per 1,000 males, according to…

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Airports Economic Regulatory Authority of India (Amendment) Bill, 2019

AIRPORTS ECONOMIC REGULATORY AUTHORITY OF INDIA (AMENDMENT) BILL, 2019 For: Preliminary & Mains Topics covered: About the bill, Why was AERA created, Role of AERA News Flash The Rajya Sabha passed a bill allowing the AERA to bid out any new airport at a pre-determined tariff structure. 16 airports will be in the purview of Airports Economic Regulatory Authority of India (AERA). Currently, there are 32 major airports with an annual capacity to…

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‘Internet Saathi’ programme by Google India and Tata Trusts

‘INTERNET SAATHI’ PROGRAMME Google India’s ‘Internet Saathi’ programme will be expanded to villages in Punjab and Odisha. It was launched by Google India along with Tata Trusts as a pilot project in 2015. The program started as a pilot in Rajasthan. Internet Saathi programme has so far, trained 70,000 ‘Internet Saathis’. The programme now reaches 2.6 lakh villages across 18 states. Internet Saathi has contributed towards bridging the digital gender divide in rural India.…

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Great Indian Bustard and Lesser Florican – Endangered Birds

GREAT INDIAN BUSTARD AND LESSER FLORICAN – ENDANGERED BIRDS The apex court has constituted a committee to urgently frame and implement an emergency response plan for the protection of these species. Over the last 50 years, the population of the Great Indian Bustard has recorded a decline of over 82 percent. The population of the Lesser Florican has seen a sharp decline of 80 percent over the past few decades. Great Indian Bustard…

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UN report on “State of Food Security and Nutrition in the World” 2019

UN REPORT ON “STATE OF FOOD SECURITY AND NUTRITION IN THE WORLD” 2019 For: Preliminary & Mains Topics covered: UN report of ‘State of Food Security and Nutrition in the World’ 2019, India Vs. Global scenario News Flash The report released by the UN Food and Agriculture Organization (FAO), estimated that 820 million people worldwide did not have enough to eat in 2018. About the Report This joint report is issued annually…

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Income recognition and asset classification norms for banks

INCOME RECOGNITION AND ASSET CLASSIFICATION NORMS For: Preliminary & Mains Topics covered: Income recognition and asset classification norms for banks, Central Repository of Information on Large Credits (CRILC), Non-performing Assets News Flash The Reserve Bank of India has imposed a monetary penalty on the State Bank of India. The penalty imposed for non-compliance with the directions issued by RBI on (i) Income Recognition and Asset Classification (IRAC) norms (ii) Code of conduct for…

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