Central Bank Digital Currency (CBDC) is a digital form of currency notes issued by a central bank. While most central banks across the globe are exploring the issuance of CBDC, the key motivations for its issuance are specific to each country’s unique requirements. This Concept Note explains the objectives, choices, benefits, and risks of issuing a CBDC in India referred to as e₹ (digital Rupee). The e₹ will provide an additional option to the currently available forms of money. It is substantially not different from banknotes, but being digital it is likely to be easier, faster, a
The Global Innovation Index 2022 captures the innovation ecosystem performance of 132 economies and tracks the most recent global innovation trends. Switzerland – for the 12th year in a row – ranks first in the GII 2022. The United States climbs to 2nd position. Then comes Sweden, which is followed, in turn, by the United Kingdom, the Netherlands, and the Republic of Korea. China moves up to 11th place, overtaking France; for now, it firmly remains the only middle-income economy within the GII top 30. No change to China’s exceptional position among middle-income economies is currently in sight
On the occasion of World Biofuel Day, Prime Minister Shri Narendra Modi dedicated the 2nd generation (2G) Ethanol Plant in Panipat, Haryana to the nation. The dedication of the Plant is part of a long series of steps taken by the government over the years to boost the production and usage of biofuels in the country. This is in line with the Prime Minister’s constant endeavour to transform the energy sector into being more affordable, accessible, efficient and sustainable. The 2G Ethanol Plant has been built at an estimated cost of over Rs. 900 crore by Indian Oil Corporation Ltd. (IOCL) and is
Union Education Minister Shri Dharmendra Pradhan released the India Rankings 2021 instituted by the National Institutional Ranking Framework. This is the sixth consecutive edition of the India Rankings of HEIs in India. During its maiden year in 2016, rankings were announced for the University category as well as for three domain-specific rankings, namely Engineering, Management, and Pharmacy institutions. Over the period of six years, three new categories and five new subject domains were added to bring the total tally to 4 four categories, namely Overall, University, College and Research Ins
A total of 43 new ministers took oath on 7th June 2021, including 15 Cabinet Ministers and 28 Ministers of State. Cabinet Ministers Shri Narendra Damodardas Modi Prime Minister Ministry of Personnel Public Grievances and PensionsDepartment of Atomic EnergyDepartment of SpaceAll important policy issues andAll other portfolios not allocated to any Minister. Shri Raj Nath Singh Minister of Defence. Shri Amit Shah Minister of Home Affairs and Minister of Cooperation. Shri Nitin Jairam Gadkari Minister of Road Transport and Highways. Smt. Nirmala Sitharaman Minister of Finance
Sahitya Akademi announced its annual Sahitya Akademi Awards in 23 languages. Seven books of poetry, four novel, six short stories, three essays, and one non-fiction, autobiography, and biography have won the Sahitya Akademi Awards 2019. The Awards were recommended by distinguished Jury members representing 23 Indian languages and approved by the Executive Board of the Sahitya Akademi which met today under the Chairmanship of Dr. Chandrashekhar Kambar, President, Sahitya Akademi. S. NoLanguageTitle and GenreName of the Author1AssameseChanakya (Novel)Joysree Goswami Mahanta2BengaliGhumer Darj
The Ministry of Housing and Urban Affairs announced the release of the final rankings of the Ease of Living Index (EoLI) 2020 and the Municipal Performance Index (MPI) 2020. The rankings under Ease of Living Index 2020 were announced for cities with a population of more than a million, and cities with less than a million people. 111 cities participated in the assessment exercise that was conducted in 2020. The analysis categorises them into Million+ populated cities (those with a population of more than a million) and Less than Million populated cites (those with a population of less than a mi
The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi in approved the proposal of Department for Promotion of Industry and Internal Trade for Central Sector Scheme for Industrial Development of Jammu & Kashmir. The scheme is approved with a total outlay of Rs. 28,400 crore upto the year 2037. Government of India has formulated New Industrial Development Scheme for Jammu & Kashmir (J&K IDS, 2021) as Central Sector Scheme for the development of Industries in the UT of Jammu & Kashmir. The main purpose of the scheme is to generate employment which
Brand Finance is the world's leading independent brand valuation consultancy has published the list of top brands for each sector in India for the year 2020. The impact of COVID-19 based on the effect of the outbreak on enterprise value, compared to what it was on 1st January 2020. The likely impact on brand value was estimated for each sector. The industries have been classified into three categories - limited impact (minimal brand value loss or potential brand value growth), moderate impact (up to 10% brand value loss), and heavy impact (up to 20% brand value loss) – based on the level of br
Union HRD Minister virtually releases "India Rankings 2020" for Higher Educational Institutions in New Delhi. The Ministry of HRD has taken this important initiative of creating a National Institutional Ranking Framework (NIRF), which is being used for past five years for ranking of institutions of higher education in different categories and domains of knowledge. The ranking framework evaluates institutions on five broad generic groups of parameters, i.e. Teaching, Learning and Resources (TLR), Research and Professional Practice (RP), Graduation Outcomes (GO), Outreach and Inclusivity (OI) an
Fashion design is a dynamic and creative field that offers innovative career openings for those with a passion for style, creativity, and invention. This composition will explore the colorful job prospects in the fashion design assiduity, the original hires one can anticipate, and punctuate some o →
Foundation Date: December 8, 1991 Headquarters: The Republic of Belarus Executive Secretaries: Sergei Lebedev Member Countries: 12 Commonwealth of Independent States (CIS) was established on December 8, 1991, and the leaders of the Republic of Belarus, the Russian Federation, and Ukraine signed an a →
In 2009, an unknown programmer by the name of Satoshi Nakamoto put forward a whitepaper that proposed a creation of new form of digital currency - cryptocurrency. Cryptocurrency functions the same way as regular currencies do in that its used as a means of exchange, unit of account and a store of va →
Headquarter: New Delhi Function and Objective of the Organization: The Food Safety and Standards Authority of India (FSSAI)has been established under Food Safety and Standards Act, 2006 which consolidates various acts & orders that have hitherto handled food-related issues in various Ministries →
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