Current Affairs

DRDO handed over SAMAR assessment certificates to nine Industry Partners.

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SAMAR Assessment Certificates

Why in news? Nine Industry Partners received SAMAR assessment certificates from DRDO, indicating their competency in defence manufacturing. SAMAR serves as a benchmark for evaluating the proficiency of defence manufacturing enterprises. The function included a comprehensive overview of SAMAR, highlighting its significance in the assessment and rating of advanced manufacturing capabilities. DRDO emphasized the importance … Read more

India warns about unilateralism in World Trade Organization Meet

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World Trade Organization

Why World Trade Organization in news India issued a warning on Monday that the developed world’s attempts to add “non-trade issues” to the World Trade Organization agenda might cause the multilateral trading system to become “fragmented.” India’s commerce secretary Sunil Barthwal said: “Bringing issues like gender and MSMEsin the realm of World Trade Organization discussions was … Read more

PM Modi Launches Amrit Bharat Station Scheme: Foundation Laid for 554 Stations

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Amrit bharat station scheme

Why in news? PM Modi inaugurated the foundation for 554 Amrit Bharat stations, a government initiative aimed at revitalizing crucial railway stations nationwide, alongside unveiling rail overbridges and underbridges. What is Amrit Bharat Station Scheme Overview: The Amrit Bharat Station Scheme, launched in February 2023 by the Ministry of Railways, is set to revitalize 1309 … Read more

New Trade Route to Israel via Mundra Port: Bypassing the Red Sea

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Red Sea

Why in news? Amid ongoing attacks by Houthis on ships linked to Israel in the Red Sea, Israeli Transport Minister Miri Regev has unveiled an alternative trade route via the Mundra port in Gujarat. What events are unfolding in the Red Sea?  Yemen’s Houthi rebels have been targeting ships associated with Israel in the Red … Read more

India Expands Global Presence: Set to Open Diplomatic Mission in Albanian Capital

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Albania

Why in news Albania’s Foreign Minister Announces Plans for Embassy in New Delhi; India to Establish Diplomatic Mission in Tirana. About Albanian Albania, officially known as the Republic of Albania, is a country located in Southeastern Europe on the Balkan Peninsula. It shares borders with Montenegro to the northwest, Kosovo to the northeast, North Macedonia … Read more

Warning: Unauthorized Online Lending Apps Under Intense Scrutiny by FSDC

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FSDC

Why in News? During the 28th Financial Stability and Development Council (FSDC) meeting, the Finance Minister urged financial sector regulators to intensify efforts in curbing the proliferation of unauthorized online lending apps. What is Financial Stability and Development Council (FSDC)? About: Established in 2010 by the Government of India, the FSDC is an apex-level body … Read more