July to Sept Flashcards
What is the name of Russia’s highest civilian award given to PM Modi in July by Russian President Vladimir Putin, at the “22nd Russia-India Bilateral Summit”, held in Moscow?
India and Russia also agreed to target 100 billion USD in trade by 2030. What was India and Russia’s bilateral trade in FY2023-24?
** “Order of St Andrew the Apostle”
** India’s bilateral trade with Russia stood at $65.6 billion in FY24, up 33% year-on-year, and nearly 5.5 times higher than the pre-pandemic trade of $10.1 billion
Who was appointed as the convener of the advisory council formed for the 16th Finance Commission?
Poonam Gupta.
The council’s role includes broadening the Commission’s understanding by seeking national and international best practices related to fiscal devolution and improving the quality, reach, and enforcement of its recommendations.
A) An Expert Committee on Climate Finance submits the First Report on “Transition Finance” to IFSCA. Who was appointed as the chairman of the committee and how many members were there in the committee?
B) The expert committee submitted its report based on which three pillars?
C) As per the report, The world requires a staggering USD ____climate investments by 2050 to achieve net-zero emissions?
D) India needs over USD_____ by 2070 to meet its climate goals and net-zero commitments?
E) A 2022 report by the Climate Policy Initiative (“Landscape of Green Finance in India 2022”) found that domestic sources accounted for the majority of green finance in India, at __% and __% in fiscal years 2019 and 2020, respectively?
A) - The committee was formed in 2023 by the IFSCA with 14 members and was headed by Dhruba Purkayastha
- This report aims to provide a roadmap for IFSCA to develop a climate finance ecosystem and instruments at GIFT IFSC with a special focus on Transition Finance as well as to provide recommendations on establishing the GIFT-IFSC as a global hub for climate financing.
- Transition finance refers to financial services provided to high carbon-emitting industries, such as coal-fired power generation, steel, cement, chemical production, paper making, aviation, and construction. The purpose of transition finance is to fund the transition of these industries toward decarbonization
B) 1. Scope and definition of Transition Finance: To establish the scope and definition of transition finance
- Policy and Regulation: - Provide policy and regulatory recommendations feeding into a regulatory framework document.
- Financial Mechanisms and Instruments: Identify market and institutional interventions required.
C) USD 125 trillion
D) Over USD 10 trillion
E) - 87% in FY2019 and 83% in FY2020
- While international sources are increasing (from 13% in FY 2019 to 17% in FY 2020), they are still insufficient to mee
Answer the following based on the commemoration of the 9th Aniversary of 3 landmark initiatives i.e AMRUT, PMAY-U and Smart Cities mission launched in June 2015-
A) How many projects were implemented under AMRUT 2.0 and with what budget?
B) As of June 2024, ___ houses have been grounded for construction while more than _____houses have already been completed and delivered to beneficiaries, under PMAY-U?
As of June 2024, out of committed Central Assistance of ₹____, ₹_____ has been released under PMAY-U?
Under the Credit Linked Subsidy Scheme (CLSS) for EWS/LIG/MIG, an Interest subsidy of ₹ _______has been approved for _____beneficiaries, under PMAY-U?
Over ____houses have been provided under the name of women, thus giving them an identity of their own?
How many jobs were created under the PMAY-U?
C) The Smart Cities Mission aims to enhance the quality of life in how many cities and with what outlay?
As of June 2024, How many projects have been completed under the Smart Cities Mission?
How much funds have the government released under the mission and how much is utilized?
A) Total Projects implemented: 8200, Total Project Cost: ₹182,583.07 Crores
Sector-wise Breakdown:
- Water Supply: 3530 projects, ₹112,530.1 Crores
- Sewerage and Septage Management: 562 projects, ₹63,790.57 Crores
- Water Body Rejuvenation: 2709 projects, ₹5420.5 Crores
- Parks Development: 1399 projects, ₹841.91 Crores
B) ** As of date, 114 Lakh houses have been grounded for construction while more than 84 Lakh houses have already been completed and delivered to beneficiaries.
** Out of the committed central assistance of ₹2 lakh crore, ₹1.64 lakh crore is released
** - Under CLSS for EWS/LIG/MIG, an Interest subsidy of ₹ 58,868 crore has been approved for 25.04 lakh beneficiaries
- The Middle Income Group (MIG) was also added to a government housing scheme for the first time ever through the Credit Linked Subsidy Scheme (CLSS) vertical from 2017-2021
** Over 94 lakh houses
** 323 Lakh jobs created in total, where 100 Lakh are direct and 223 Lakh are indirect.
C) ** It aims to enhance the quality of life in 100 cities through over 8,000 innovative projects worth approximately ₹1.6 lakh crore.
** As of date, 7,160 projects worth ₹ 1,43,778 Crore have been completed and another 854 projects worth ₹ 20,392 crore are in advanced stages of completion.
** GOI has released ₹46,387 crore to 100 cities and 93% of released GOI funds have been utilized.
The first International Conference on Steel Slag Road was held in New Delhi, jointly organised by the CSIR-Central Road Research Institute (CSIR-CRRI) and which other entity?
PHDCCI
The MeITY organized the ‘Global IndiaAI Summit’ in New Delhi and India will host the Global Partnership on Artificial Intelligence (GPAI). When was the GPAI established and it has how many members?
The GPAI structures its working group around which 4 themes?
What is the outlay of the “India AI Mission” launched by MeITY and what are its 7 pillars?
** - It is an international initiative that was established in 2020 with 15 members to guide the responsible development and use of artificial intelligence (AI). Now it has 29 members.
- GPAI endeavours to bridge the gap between theoretical understanding and practical implementation of AI by endorsing cutting-edge research and applied endeavours in AI-related priorities.
** (1) Responsible AI
(2) Data Governance
(3) Future of Work
(4) Innovation and Commercialization.
** It was launched with an outlay of ₹10,300 crore, its 7 pillars are:
1) IndiaAI Compute Capacity: Establishing a scalable AI computing ecosystem with over 10,000 GPUs through public-private partnerships.
2) IndiaAI Innovation Centre
3) IndiaAI Datasets Platform
4) IndiaAI Application Development Initiative
5) IndiaAI FutureSkills
6) IndiaAI Startup Financing
7) Safe & Trusted AI
The Government of India and the Asian Development Bank (ADB) in July signed a _____USD policy-based loan to consolidate and strengthen India’s health system preparedness and response capacity to future pandemics?
170 million USD
Which ministry launched the NIRMAN initiative to provide financial assistance to youth who have qualified for the preliminary round of the UPSC Civil Services Examination 2024?
What is the full form of NIRMAN and what financial initiative will be provided under this scheme?
** Ministry of Coal & Mines launched the NIRMAN portal
** - The scheme will provide financial support of ₹1 lakh to the Preliminary examination qualified candidates with annual family income less than ₹8 lakhs and belonging to Scheduled Caste, Scheduled Tribe, female or third gender; who are permanent residents of any of the 39 operational districts of CIL.
- Noble Initiative for Rewarding Mains Aspirants of National Civil Services Examination (NIRMAN)
The Smart Cities Mission was extended till ______?
As of 03rd July 2024, the 100 Cities have completed ______ amounting to ₹_____as part of the Mission?
** Till March 2025
** As of 03rd July 2024, the 100 Cities have completed 7,188 projects (90% of total projects) amounting to ₹ 1,44,237 crore as part of the Mission. The balance of 830 projects amounting to ₹ 19,926 crore are also in advanced stages of completion.
The Indian Deaf Cricket Team won in the Bilateral International Deaf Cricket Series against which country in the T20 matches?
Against England
Why did the Ministry of Rural Development and the Ministry of MSME signed a Statement of Intent (SOI) in July 2024?
to collaborate on formalizing and strengthening Self Help Group (SHG) women-led rural enterprises through the Ministry of MSME’s flagship schemes.
What is the name of the app launched by the NHAI for the national highway users, providing essential information such as nearby services such as petrol pumps, hospitals, and hotels along with FastTag integration, Grievance redressal, Journey recording etc?
Rajmargyatra app
The Government of India released ₹_____ as 15th Finance Commission grants to Kerala panchayats in July?
₹5337 crore
Who was appointed as the Chairperson of the National Medical Commission?
Dr. B.N. Gangadhar
What is the Technology Development Fund scheme of the Ministry of Defence, and what is the financial support provided under the scheme?
- The Technology Development Fund (TDF) is a flagship program of the Ministry of Defence (MoD) executed by the DRDO as part of the ‘Make in India’ initiative. It aims to promote self-reliance in defence technology by encouraging innovation and indigenous development. It provides Grant Aid to Indian industries, including MSMEs & start-ups, as well as academic and scientific institutions for the development of defence and dual-use technologies that are currently not available in the Indian Defence Industry.
- It provides funding support of up to 90% of the project cost up to ₹10 crore
The Department of School Education & Literacy, Ministry of Education, in July decided to provide ICT (Information and Communication Technology) Labs and Smart Classrooms, as per Samagra Shiksha norms to which educational institutions and with what cost?
- To Kasturba Gandhi Balika Vidyalayas (KGVB) at a cost of ₹290 crore benefitting 7 lakh girls
KGVB (Kasturba Gandhi Balika Vidyalayas):
- These are the residential schools from Classes VI to XII for girls belonging to disadvantaged groups, such as SC, ST, OBC, Minority and Below the Poverty Line (BPL).
- The KGBVs are set up in Educationally Backward Blocks with the objective to ensure access and quality education to these girls and to reduce gender gaps at all levels of school education.
- Currently, 5116 KGBVs are functional in 30 States/UTs in the country.
The Production of Coal increased by ___% YoY, from ____MT in Q1 of FY24 to ____MT in Q1 of FY25?
It increased by 35% YoY from 29.26 MT in Q1 FY2024 to 39.53 MT in Q1 FY2025
Answer the following based on the Scheme Guidelines launched for funding of testing facilities, infrastructure, and institutional support for development of Standards and Regulatory framework under the NGHM (National Green Hydrogen Mission)-
A) What is the budget and tenure of the scheme?
B) What funding support will provided for Government and Non-Government entities under the scheme?
C) The scheme will be implemented by which entity?
D) Projects for setting up new testing & certification facilities shall be completed in ___ months from the date of sanction by MNRE?
E) Projects for the upgradation of existing testing & certification facilities shall be completed in ___ months from the date of sanction by MNRE?
A) Budget: ₹200 crore, Tenure- till FY2025-26
B) - For Government entities, MNRE will fund up to 100% of the capital cost for equipment, installation, and commissioning of the equipment.
- For Non-Government entities, MNRE will fund up to 70% of the capital cost for testing equipment, installation, and commissioning of the equipment.
Stages of Disbursement of CFA (Central Financial Assistance):
1st Installment On Selection: 20% of the CFA
2nd Installment On Milestone basis: 70% of the CFA
3rd Installment on Completion: 10% of the CFA
C) It will be implemented by the National Institute of Solar Energy (eligible for service charges at 0.5% of the financial support utilized for the projects sanctioned under the Scheme)
D) 18 months
E) 12 months
Which entities organised The four-day Global Conclave on Plastic Recycling and Sustainability in New Delhi in July?
It was jointly organised by the All India Plastics Manufacturers’ Association (AIPMA) and the Chemicals and Petrochemicals Manufacturers’ Association (CPMA).
What was the theme of the “24th Meeting of the SCO Council of Heads of States”, and it was hosted by which nation?
India’s priorities in SCO are shaped by the Prime Minister’s vision of a ‘SECURE’ SCO. What is the full form of SECURE?
** The theme was ‘Strengthening Multilateral Dialogue – Striving for Sustainable Peace and Development’. It was hosted by Kazakhstan.
** S- Security
E- Economic Cooperation
C-Connectivity
U- Unity
R- Respect for Sovereignty and Territorial Integrity
E- Environmental Protection
A) Which city hosted the Second meeting of “Financing Women Collaborative”, a key initiative of the Women Entrepreneurship Platform (WEP)?
B) When was the “Financing Women Collaborative” initiative launched and it is chaired by which entity?
C) When was the WEP launched?
D) What is the name of the credit education program launched to empower women entrepreneurs in India with financial literacy content and business skills?
E) According to the Udyam Registration Portal (URP) of the Ministry of MSME, India has how many MSME enterprises and what percentage are women-owned enterprises among them?
A) Mumbai hosted the “Financing Women Collaborative” initiative to deliberate and address issues with relevant stakeholders towards accelerating access to finance for women entrepreneurs.
B) It was launched in Sept 2023 to enhance access to finance for Women Entrepreneurs in India. It is chaired by SIDBI and co-chaired by TU-CIBIL
C) - The WEP was incubated in NITI Aayog in 2018 as an aggregator platform and transitioned into a public-private partnership in 2022.
- WEP aims to strengthen India’s women entrepreneurship ecosystem to make women-led development a reality.
- WEP has over 20 public and private sector partners collaborating to strengthen women entrepreneurs in India.
- Support across different pillars: Entrepreneurship promotion, Access to Finance; Market Linkages; Training and Skilling; Mentoring and Networking and Business Development Services.
D) The “SEHER” program was launched as part of the Financing Women Collaborative (FWC) initiative of the WEP to increase awareness among women entrepreneurs in India about finances and accessing and managing credit.
E) - According to the UDYAM portal, India has 63 million micro, small, and medium enterprises of which 20.5% are women-owned, employing as many as 27 million people.
- Rural areas have a slightly greater share of women-owned enterprises (22.24%) compared to urban areas (18.42%).
- Estimates suggest that by accelerating women’s entrepreneurship, India could create more than 30 million new women-owned enterprises, potentially creating 150 to 170 million more jobs.
The Ministry of Rural Development (MoRD) signed an MoU with which entity in July to help facilitate “Sustainable Transport for Rural Entrepreneurs through Electric Bicycles” (STREE) for Self Help Group (SHG) Women under the DAY-NRLM?
- It collaborated with Convergence Energy Services Limited (CESL), a wholly owned subsidy of EESL.
- STREE intends to empower the rural economy, especially the rural women by providing them access to green mobility through the introduction of electric bicycles.
- This initiative is keen to support the Government’s initiative of enabling three crore “Lakhpati Didis” in rural areas, reflecting its commitment towards women empowerment & national green objectives.
Airbus signed an MoU with which entity in July for aerospace teaching and research to strengthen the Indian Aviation sector?
Indian Railways’ Gati Shakti Vishwavidyalaya (GSV) Vadodara
What is the name of the 2-month campaign launched by the Department of Drinking Water & Sanitation (DDWS) from July 1 to 31 Aug to promote the use of safe water and sanitation practices at the village and panchayat level?
‘Swachh Gaon, Shudh Jal - Behtar Kal’ was launched in synergy with the “National Stop Diarrhoea Campaign”