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UAE enters the nuclear race

  UAE has announced the  operations of Barakah  nuclear power plant. It is the UAE’s first nuclear reactor that has achieved criticality. The plant is located in the Al Dhafra region of Abu Dhabi. It was built by a consortium led by the Korea Electric Power Corporation. Read more at The Hindu

New Education Policy 2020

 The Vision of this Policy This National Education Policy envisions an education system rooted in Indian ethos that contributes directly to transforming India, that is Bharat, sustainably into an equitable and vibrant knowledge society, by providing high-quality education to all, and thereby making India a global knowledge superpower. The Policy envisages that the curriculum and pedagogy of our institutions must develop among the students a deep sense of respect towards the Fundamental Duties and Constitutional values, bonding with one’s country, and a conscious awareness of one’s roles and responsibilities in a changing world. The vision of the Policy is to instill among the learners a deep-rooted pride in being Indian, not only in thought, but also in spirit, intellect, and deeds, as well as to develop knowledge, skills, values, and dispositions that support responsible commitment to human rights, sustainable development and living, and global well-being, thereby reflecting a tru...

Congratulations to all UPSC toppers!!!

  A total of 829 candidates have qualified for civil services, including IAS and IPS, the Union Public Service Commission (UPSC) announced on Tuesday. Pradeep Singh, Jatin Kishore and Pratibha Verma secured the first, second and third positions respectively, the Commission said without sharing further details of the toppers. A total of 829 candidates have been recommended for Indian Administrative Service (IAS), Indian Foreign Service (IFS) and Indian Police Service (IPS), among  .. Read more at Economic times

Pradeep Singh AIR 1 UPSC TOPPER 2019

UPSC Civil Services 2019 Result Live Updates:  Union Public Service Commission (UPSC) on Tuesday declared the final result of civil services exam 2019 at upsc.gov.in. A total of 829 candidates have been recommended for appointment to Indian Administrative Service, Indian Foreign Service, Indian Police Service; and Central Services, Group ‘A’ and Group ‘B’. This year, Pradeep Singh has emerged as the topper of UPSC CSE 2019. UPSC has also released the merit list of candidates who have cleared the UPSC CSE 2019 exam. Pradeep Singh is the UPSC 2019 topper followed by Jatin Kishore and Pratibha Verma. UPSC will release the marksheet of candidates who have qualified the UPSC Civil Services Exam within 15 days from the date of declaration of results. Hindustan times

PM SVANidhi Scheme

Government of India has launched PM SVANidhi Scheme to facilitate collateral free working capital loan upto Rs.10,000/- of one-year tenure, to approximately, 50 lakh street vendors, to resume their businesses.  Incentives in the form of interest subsidy (@ 7% per annum) and cash back (upto Rs.1,200/- per annum) are being provided to promote good repayment behaviour and digital transactions respectively. The interest subsidy effectively works out to 30 % of the entire interest burden for a loan of Rs. 10,000 @ 24 % annual interest. Therefore, in effect the vendor does not pay any interest, rather gets a subsidy on the loan amount if he repays in time and uses digital transactions for all receipts and payments. The scheme entails enhanced next tranche of loan on early or timely repayment.  Loan processing has begun since July 02, 2020 through an IT platform “PM SVANidhi” with Small Industries Development Bank of India (SIDBI), which is the implementing agency for the scheme ...

Eight Core Industries Output shrank by 23.4%

Barring fertiliser, all seven sectors — coal, crude oil, natural gas, refinery products, steel, cement, and electricity — had recorded negative growth in May. The output of eight core infrastructure industries shrank by 23.4% in May due to the  coronavirus -induced lockdown, according to the official data. Also read:  IMF projects sharp contraction of 4.5% in Indian economy in 2020 The eight core sectors had expanded by 3.8% in May 2019, the data released by the Commerce and Industry Ministry on June 30 showed. Barring fertiliser, all seven sectors — coal, crude oil, natural gas, refinery products, steel, cement, and electricity — had recorded negative growth in May. During April-May 2020-21, the sectors output dipped by 30% as compared to 4.5% in the same period previous year. Also read:  Indian economy to contract by 4% in 2020-21, forecasts ADB “In view of nationwide lockdown during April and May 2020 due to COVID-19 pandemic, various industries ...

Google to invest $10 billion in Indian digitization fund

Focus on four areas He said the investment will focus on four areas important to digitization including enabling affordable access and information for every Indian in their own language, building products and services that are deeply relevant to India’s unique needs, empowering businesses in their digital transformation journey and leveraging technology and AI for social good, in areas like health, education, and agriculture. With today’s announcement, Google becomes the latest U.S.-based technology firm to commit investments in India. In April, social networking major  Facebook bought 9.9% stake in Jio Platform  for ₹43,573.62 crore, while e-commerce giant  Amazon had in January announced $1 billion investment  over five years to help digitise small and medium businesses. In India, Google has invested in multiple startups — either directly or via Alphabet’s growth fund CapitalG. Some of these start ups are Dunzo, Fynd, Halli Labs, Where in My Train, Aye Fina...