State Bank of India Says “Reverse Repo” Will Be Normalized Soon

In a recent report, State Bank of India, which is the largest public sector bank in the country, has stated: “…we believe the stage is set for a reverse repo normalisation.” The reverse repo is the interest rate that the RBI pays to the commercial banks when they park their excess “liquidity” (money) with the …

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India hosted 2nd ASEAN Digital Ministers (ADGMIN) summit

The 2nd ASEAN Digital Ministers (ADGMIN) meeting with India was held on a virtual platform. The ADGMIN is an annual meeting of Telecom Ministers of 10 ASEAN (Association of South-East Asian Nations) countries -Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam and dialogue partner countries – Australia, Canada, China, EU, India, Japan, …

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Indian Government Mandates Fire Alarm System In All Buses

The Ministry of Road Transport and Highways, vide notification dated 27th January 2022, has introduced the Fire Alarm System and Fire Protection System in the Passenger (or, Occupant) Compartment in buses. It was done through an amendment in the AIS (Automotive Industry Standard)-135 for Type III buses [‘Type III’ Vehicles are those designed and constructed …

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PM Modi On Passing Away of Educationist Baba Iqbal Singh Ji

The Prime Minister, Shri Narendra Modi has expressed deep grief over the passing away of noted educationist, Baba Iqbal Singh Ji. Iqbal Singh Kingra (1926 – 2022) was an Indian socio-spiritual leader of the Sikh community. He was the Founder President of The Kalgidhar Trust, The Kalgidhar Society and Baru Sahib. He was awarded the …

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India’s first freight train from Manipur reaches Guwahati

With the first freight train reaching Manipur, Prime Minister Narendra Modi said this will enhance the state’s commerce and connectivity as goods from there will reach all parts of the country. The freight train arrived at the Rani Gaidinliu station, Tamenglong in Manipur on January 27, days after a passenger train from Silchar in Assam …

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Drug CGIs Approve Trial Of Intranasal Booster Dose Against Cvaxin

The Drugs Controller General of India approved the trials of intranasal booster doses against Covid-19 that is being manufactured by Bharat Biotech, the maker of Covaxin. Vaccines are usually given through different routes, with the most common being injectable shots delivered into the muscles (intramuscular) or the tissue just between the skin and the muscles …

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Key Proposal In 2021 Budget Gets Regulatory Approvals

A key proposal announced in 2021 Budget, a bad bank to deal with stressed assets in the loss-laden banking system, has received all regulatory approvals. What is the structure of the bad bank? NARCL will acquire and aggregate the identified NPA accounts from banks, while IDRCL, under an exclusive arrangement, will handle the debt resolution …

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Scientists Found An Astounding Pulsar No One Has Ever Seen Before

Scientists have detected what appears to be an incredibly dense star behaving unlike anything else ever seen – and suspect it might be a type of exotic astrophysical object whose existence has been only hypothesised until now. The object, spotted using the Murchison Widefield Array telescope in outback Western Australia, unleashed huge bursts of energy …

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