DPIIT notifies 100% FDI in insurance intermediaries under automatic approval route

The Department for Promotion of Industry and Internal Trade (DPIIT) recently notified that 100 per cent FDI is allowed in insurance intermediaries under automatic approval route. The FDI policy earlier allowed 49 per cent foreign investment in the insurance sector, ..

Disney CEO Bob Iger resigns

The Chief Executive Officer of the Walt Disney Company commonly called as Disney, Bob Iger recently tendered his resignation. He has served as the CEO of the US-based multi-national mass-media company from 2005. Under his leadership, the company successfully purchased Star ..

SpiceJet launches freighter services to assist shrimp farmers

Leading Indian aircraft carrier SpiceJet launched freighter services from Chennai and Vishakhapatnam to Surat and Kolkata, to assist the transportation of shrimp seeds. The air cargo arm of SpiceJet called SpiceXpress, will use the Boeing 737 freighter with a 21-tonne ..

NITI Aayog launches Artificial Intelligence Modules in Schools

The GoI think tank NITI Aayog joined hands with the National Association of Software and Services (NASSCOM) and launched the Artificial Intelligence module for school students. The NITI Aayog is to be represented by Atal Innovation Mission of the think ..

Month: Current Affairs - February, 2020

Light Combat Helicopter Production inaugurated in HAL Bengaluru

On February 27, 2020, the Defence Minister Raj Nath Singh inaugurated Light combat Helicopter production at the HAL complex in Bengaluru. The project is a part of the “Make in India” initiative. Light Combat Helicopters The Light Combat Helicopters (LCH) ..

Month: Current Affairs - February, 2020

Urinary Auto-Brewery Syndrome

Scientists have discovered a new medical condition in which the patient was producing ethanol in urine due to fermentation activity by yeast in the urinary bladder. 1) What is urinary auto-brewery syndrome? The urinary auto-brewery syndrome or the bladder fermentation ..

Dhaba stone tools

The recent unearthing of ancient tools from Dhaba in North India suggest that early humans in India might have survived the Toba super-volcanic eruption. Where is Dhaba located? Dhaba, from where the stone tools were uncovered, is in Madhya Pradesh. ..

Myanmar President Visits India: India-Myanmar sign 10 MoUs

On February 27, 2020, the Myanmar President U Win Myint visited India. During his visit, India and Myanmar signed 10 MoUs in different sectors. Highlights The leaders signed agreements on Repatriation and Re-integration of Victims of trafficking, Quick Impact Projects, ..

Month: Current Affairs - February, 2020

Katta and Madaka

With the increasing use of bore well and pump sets, traditional water conservation methods like katta and madaka are disappearing. What is a katta method of water conservation? Katta is a traditional method of water conservation used in parts of ..

G Srinivasan Committee

IRDAI has set up a nine member committee headed by G IRDAI has set up a nine member committee headed by G Srinivasan to look into the feasibility of allowing life insurers to offer indemnity-based health policies. Which body set ..