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Mumbai-headquartered Fino Payment bank has been included in the category of a scheduled commercial bank, by the Reserve Bank of India.
The country’s central bank said that it has included Fino Payments Bank in the Second Schedule of the Reserve Bank of India Act, 1934. With this, the payment bank will have more exposure in treasury and participation in liquidity adjustment facility (LAF) window.

Notes:
Ghana became the first country to receive a batch of free Covid vaccine doses through the COVAX initiative.
The World Health Organization (WHO) leads the COVAX initiative together with Gavi the Vaccine Alliance and the Coalition for Epidemic Preparedness Innovations. It aims to share the vaccines to poorer countries.

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A historic kangaroo painting created over 17,000 years ago by Aboriginal artists has been identified in Australia.
This is claimed to be the oldest intact rock art of Australia. The two-metre-long artwork has been found in the Kimberley region of Western Australia.

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A new species of the ‘alpine plant’ in Arunachal Pradesh’s Tawang district has been discovered by a team of scientists of three institutes.
The new species, which was named as ‘Cremanthodium indicum’, belongs to the family of Himalayan sunflower. The species is endemic to Penga-Teng Tso Lake of Tawang district of the state.

Notes:
The Union Cabinet has recently approved the Production Linked Incentive (PLI) Scheme for the pharmaceuticals and IT hardware sectors.
The PLI scheme for pharmaceuticals with an outlay of Rs 15000 crore, has a duration of nine years, till 2028-29. The Cabinet also approved the PLI Scheme for IT hardware such as laptops, tablets, all-in-one PCs and servers with an outlay of Rs 7350 crore.