Current Affairs search results for: "NSDL"
By admin: Jan. 15, 2023

1. PM Modi flags off Secunderabad-Visakhapatnam Vande Bharat Express train

Tags: National News

Visakhapatnam Vande Bharat Express trainPrime Minister Narendra Modi, on the occasion of Pongal on 15 January, virtually flagged off the Vande Bharata Express train connecting Secunderabad with Vishakhapatnam.

An overview of the news

  • This is the 8th Vande Bharata Express which will cover a distance of about eight hours between Secunderabad in Telangana and Visakhapatnam in Andhra Pradesh.

  • The intermediate stops envisaged for the train include Warangal, Khammam, Vijayawada and Rajahmundry.

  • This will lead to ease of living, boost tourism and benefit the economy.

  • In the last few years, seven Vande Bharat trains have covered a distance of 23 lakh kms, carrying 40 lakh passengers to their destinations.

  • The state-of-the-art Vande Bharat Express can accelerate to 100 kmph in just 52 seconds.

Name of all 8 Vande Bharat Express train

  1. Varanasi-New Delhi, 

  2. Katra-New Delhi, 

  3. Mumbai Central-Gandhinagar, 

  4. Amb Andaura - New Delhi

  5. Chennai - Mysuru

  6. Nagpur - Bilaspur (Chhattisgarh)

  7. Howraha-New Jalpaiguri

  8. Secunderabad-Visakhapatnam 

About Vande Bharat Express Train

  • The first Vande Bharat Express was launched by Prime Minister Narendra Modi on 15 February 2019.

  • These trains have a self-propelled engine which can save diesel and reduce electricity usage by up to 30%.

  • The first Vande Bharat Express was manufactured by Integral Coach Factory (ICF), Chennai.

  • It was manufactured under the ‘Make in India’ programme, at a cost of about Rs 100 crore.

  • These trains can achieve a maximum speed of 160 kmph. 

  • In the Union Budget for 2022-2023 the government has proposed the development and manufacture of 400 new Vande Bharat trains in the next three years.

By admin: Dec. 20, 2022

2. Fifth Scorpene Submarine ‘Vagir’ delivered to Indian Navy

Tags: Defence National News

Fifth Scorpene Submarine ‘Vagir’ delivered to Indian Navy

The fifth submarine of the Project -75, Kalvari Class submarines, Yard 11879 (Vagir) was delivered to the Indian Navy on 20 December. 

Important facts

  • Project -75 includes indigenous construction of six submarines of Scorpene design.

  • These submarines are being constructed at Mazagon Dock Shipbuilders Limited (MDL) Mumbai, under collaboration with M/s Naval Group, France.

  • Launched on 12 Nov 20, Vagir commenced sea trials from 1 Feb 2022 and has completed all major trials, including weapon and sensor trials, in less time than earlier submarines.

  • The construction of these submarines in an Indian yard is another step towards 'Atmanirbhar Bharat' and instills confidence in the region.

  • What is also a remarkable achievement is that this is the third submarine delivered to the Indian Navy in a span of 24 months.

Project- 75

  • Project- 75 intends to build six diesel-electric attack submarines of the Kalvari class that are based on the Scorpene-class, which are being built at MDL (Mazagon Dock Limited).

  • Project 75 (I), approved in 2007, is part of the Indian Navy’s 30 year Plan for indigenous submarine construction.


By admin: Dec. 20, 2022

3. Tamil Nadu government makes Aadhaar mandatory for all its schemes

Tags: State News

Tamil Nadu government makes Aadhaar mandatory

The Tamil Nadu government has announced that all those who are eligible for benefits (other than minor children) under various government schemes will have to submit proof of having an Aadhaar number or get an Aadhaar identification.

Important facts

  • As per the order, Aadhaar is mandatory for government employees, government pensioners and beneficiaries of various schemes implemented by the state government through various departments through their implementing agencies.

  • Any person who is willing to avail the benefits but does not have an Aadhaar number or has not yet enrolled for Aadhaar, will need to apply for Aadhaar enrollment before registering for the schemes.

  • The Treasury and Accounts Department through its implementing agency will provide Aadhaar enrollment facilities for those beneficiaries who are not yet enrolled.

  • In case there is no Aadhaar Enrollment Centre, the Department will provide enrollment facilities at convenient locations through its implementing agency in coordination with the existing Registrar of UIDAI or by becoming the Registrar of UIDAI itself.

  • The government has also announced a remedial mechanism in case Aadhaar authentication fails due to bad biometrics or any other reason.

  • This will be done through Aadhaar One Time Password (OTP) or time-based OTP with limited time validity.

About Tamilnadu

  • The state was formed on 26 January 1950 but its boundaries were redrawn on 14 January 1969.

  • Tamil Nadu is located at the mouth of the Arabian Sea, the Bay of Bengal and the Indian Ocean.

  • Bharatanatyam is a very popular and famous dance form of Tamil Nadu.

  • Tamil Nadu is the largest producer of bananas and flowers, the second largest producer of mango, rubber, groundnut, coconut and the third largest producer of coffee.

  • Governor- Ravindra Narayan Ravi

  • Chief Minister- M.K.Stalin

  • Assembly seats 235 seats

  • Rajya Sabha Seats - 18

  • Lok Sabha seats- 39


By admin: Dec. 19, 2022

4. Gujarat CM unveils Urban G20 logo, website and social media handle

Tags: place in news Summits Person in news

Gujarat CM unveils Urban G20 logo, website and social media handle

Chief Minister of Gujarat Bhupendra Patel unveiled the logo, website and social media handles of the Urban-20 conference in Gandhinagar on 19 December 2022. The ceremony was attended virtually by the Union Minister for Urban Development and Urban Housing Hardeep Singh Puri.

Urban 20 

The UNESCO heritage city Ahmedabad will host the Urban 20 meetings as part of G 20 meetings between Februarys to July 2023.

 In July 2023, the U20 mayor’s summit will be held in Ahmedabad to discuss urban development issues.

The Urban 20 will provide a platform for the G20 cities to facilitate discussions on important issues of urban development including climate change, social inclusion, sustainable mobility, affordable housing, and financing of urban infrastructure to propose collective solutions.

Indian Presidency of G 20

India officially assumed the Presidency of G20 on 1 December 2022 from Indonesia. The summit meeting of the Head of the States and the leaders of the G20 is scheduled to be held in September 2023 in New Delhi.

To prepare for the summit meeting a series of meetings is to be held by India.

The first meeting was the G-20 Sherpa meeting held in Udaipur in the first week of December 2022.

G-20 

The G-20 was founded back in 1999 after the Asian financial crisis.

The Group of Twenty (G-20) comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkiye, the United Kingdom, and the United States) and the European Union. 

The G-20 members represent around 85 per cent of the global GDP, over 75 per cent of the global trade, and about two-thirds of the world population.


By admin: Oct. 13, 2022

5. NSDL buys 5.6% stake in government’s e-commerce project ONDC

Tags: Economy/Finance

India’s first depository company National Securities and Depositories Limited (NDSL) has announced on 12 October 2022 that it has bought 5.6 per cent stake in the Government of India backed Open Network for Digital Commerce (ONDC) for Rs 10 crore.

ONDC started its live beta testing on 30 September 2022 across 16 pin codes in Bengaluru, Karnataka. 

National Securities Depository Limited (NSDL) invested an amount of Rs 10 crore in ONDC under the private placement route. Private placement means the shares were sold directly to the NSDL by the ONDC Company and it was not offered to the public.

ONDC was set up by the Union Commerce and Industry Ministry in 2022 to develop an open network for e-commerce in India. It is an ecommerce platform built by the government of India to enable the small kirana stores to access processes and technologies that are typically deployed by large e-commerce platforms such as Amazon and Flipkart.

Last month, state-owned Bank of India acquired over 5.5 per cent stake in ONDC for Rs 10 crore.  Apart from Bank of India, many companies like Microsoft, Paytm, HDFC Bank, Kotak Mahindra Bank and Axis Bank, Punjab National Bank, State Bank of India, Phone Pe and others have invested in the project.

By admin: Sept. 7, 2022

6. Number of demat accounts in India crosses 10 crore mark

Tags: National Economy/Finance

According to data released by depository firms National Securities Depository Limited (NDSL) and Central Depository Services (CDSL), over 22 Lakh new accounts were opened in August, taking the figure to 10 crore and five lakh. In March 2020, the total number of demat account holders in India was four crore and nine lakh.


IMPORTANT FACTS -

  • CDSL is currently the largest depository in the country in terms of active demat accounts.

What is the need for a Demat account ?

  • If a person wants to buy and sell securities (shares, bonds etc.) on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) or other exchanges, he or she needs a trading account, demat account. Both the account has to be linked with the person's bank accounts.
  • Trading accounts are needed for the purpose of buying and selling securities.

Then what is a Demat account ?

  • Demat is an abbreviation of dematerialised. Dematerialised means which is not in physical form but in an electronic form.
  • Market regulator securities and Exchange Board of India (SEBI) has made it compulsory for the companies to issue securities in electronic forms only. Earlier they were issued in physical or paper forms. 
  • So a person who buys the securities needs a place where to deposit the securities. 
  • Here the facility is offered by Depository Participants (DP).
  • The investor opens Demat accounts with a SEBI registered Depository Participants (DP) to keep their shares, bonds, debentures etc. in electronic form. 
  • The Demat account is linked with the trading account so that the investor can smoothly buy and sell the securities.  


ADDITIONAL INFORMATION -

Depositories Participants :

  • They are financial institutions which are a member of Depositories and they offer the Demat account facilities to the investor. They could be banks, share broking companies etc.

Depositories :

  • hey are set up in India after the enactment of the Depositories Act 1996. They are licensed and regulated by SEBI.
  • There are two Depositories in India and both are based in Mumbai, Maharashtra. 
  • They are National Securities and Depositories Limited (NDSL) and Central Depositories Services India Ltd (CDSL).
  • NSDL was the first depository to be set up in India in August 1996.
  • CDSL was set up in 1999.

What do they do ?

  • They convert the securities (shares, bonds, etc) issued by companies into electronic form, enabling their buying and selling in the capital market (popularly known as share market). SEBI has made the dematerialisation of securities compulsory in India.  

By admin: July 11, 2022

7. Defence Ministry launches 75 newly Artificial Intelligence products in New Delhi

Tags: Defence National News

Defence Minister Rajnath Singh inaugurated the first-ever ‘Artificial Intelligence in Defence’ (AIDef) symposium and exhibition, organised by the Department of Defence Production, Ministry of Defence, at Vigyan Bhawan in New Delhi on 11 July.

  • Important facts

  • The event featured an exhibition showcasing the latest AI-enabled solutions developed by research organisations, industry and start-ups and innovators and the launch of AI products for the market.

  • This is a major event where 75 newly developed AI products/technologies in Defence were launched as part of 'Azadi Ka Amrit Mahotsav'.

  • These products will promote the ‘Aatmanirbharta’ initiative in Defence.

  • These products are being tested and will soon be deployed in the security of the nation.

  • Apart from the 75 products being launched, another 100 are in various stages of development.

  • Panel discussions on 'Deploying AI in Defence', 'GenNext AI Solutions' and 'AI in Defence - Industry Perspective' were also held at the event.

  • Products are in the following domains-

  1. Automation/unmanned/robotics systems

  2. Cyber security and human behaviour analysis

  3. Intelligent monitoring system

  4. Logistics and supply chain management

  5. Control, Communication, Computer and Intelligence

  6. Surveillance and Reconnaissance (C4ISR) systems

  7. Operational data analytics

  • Artificial Intelligence in defence

  • The AI Task Force on Defence was set up in 2018 to provide a road map for promoting AI in defence.

  • A Defence AI Council, headed by the Defence Minister, is working in this direction.

  • The Defence Minister had announced that "25 defence-specific AI products" would be developed by 2024.

  • A Defence AI Project Agency (DAIPA) has also been created under the defence production secretary for AI-enabled projects.

  • The Navy is also building an AI Centre of Excellence at INS Valsura in Jamnagar, which already has a modern laboratory on AI and Big Data analysis.

  • What is Artificial Intelligence?

  • It is a broad branch of computer science that deals with the creation of smart machines capable of performing tasks that typically require human intelligence.

By admin: June 22, 2022

8. Sunil Chhetri becomes joint 5th highest goalscorer in international football history

Tags: Sports News

Indian men's football team captain Sunil Chhetri has become the joint fifth highest goalscorer in international football history.

  • Sunil Chhetri scored his 84th international goal against Hong Kong during the Asian Football Confederation (AFC) Asian Cup 2023 Qualifier and achieved the feat by equaling the record held by Real Madrid and Hungarian football legend Ferenc Puskas.

  • He is now behind only Portugal's Cristiano Ronaldo and Argentina's Lionel Messi among active footballers.

  • He is at number three after Ronaldo and Messi in the list of active footballers with international goals.

  • Cristiano Ronaldo tops the list of highest goalscorers in international football.

  • Top 5 International Goal Scorers in the World

  • Cristiano Ronaldo (Portugal) - 117 goals

  • Ali Dei (Iran) - 109 goals

  • Mokhtar Dahari (Malaysia) - 89 goals

  • Lionel Messi (Argentina) - 86 goals

  • Sunil Chhetri (India) and Ferenc Puskas (Hungary) - 84 goals

By admin: June 16, 2022

9. Ministry of Textile inaugurated the 'Lota Shop' at National Crafts Museum, New Delhi

Tags: National News

The Ministry of Textile inaugurated the 'Lota Shop' at National Crafts Museum, New Delhi on 14 June.

  • Central Cottage Industries Corporation of India Limited (CCIC), popularly known as Central Cottage Industries Emporium, has opened 'Lota Shop'.

  • It displays the finest handicrafts, souvenirs, handicrafts and textiles based on the traditional craft forms of India.

  • It has immense potential to attract foreign tourists and buyers.

  • It will give a new direction to the handicrafts sector as well as the artisans in the light of the 'One Nation One Product' initiative launched by the Centre.

  • The centre is also working towards one district one product which will give impetus to the handicrafts sector as well as the artisans.

  • The museum provides accommodation facilities and also provides audio-visual facilities for the visitors.

  • What is One District One Product scheme?

  • It aims to realize the true potential of a district, promote economic development and generate employment and rural entrepreneurship.

  • The Ministry of Food Processing had entered into an agreement with NAFED to develop 10 brands into one district one product brand.

  • Of this, six brands have been launched till now.

  • All products will be available across NAFED markets, e-commerce platforms and leading retail stores across India.

  • It was launched by the Uttar Pradesh government in January, 2018, and was later adopted by the central government after seeing its success.

  • Its aim is to identify, promote and brand a product from one district.

By admin: June 11, 2022

10. BJP wins eight out of 16 Rajya Sabha seats while Congress bags five seats

Tags: National News

The BJP won eight of the 16 Rajya Sabha seats in four states, while the Congress won five in a tight contest.

  • Biennial elections to the Upper House of Parliament were held on June 10 for six seats in Maharashtra, four each in Karnataka and Rajasthan and two in Haryana.

  • Winners from BJP include Union Minister Piyush Goyal, former state minister Anil Bonde and party leader Dhananjay Mahadik.

  • NCP's Praful Patel, Congress' Imran Pratapgadi and Shiv Sena's Sanjay Raut were also elected to Rajya Sabha. 

  • In Haryana, BJP candidate Krishan Lal Panwar and Independent candidate Kartikeya Sharma, have won the two Rajya Sabha seats.

  • BJP got three seats and Congress got one seat from Karnataka.

  • Union Finance Minister Nirmala Sitharaman, actor Jaggesh and MLC Lehar Singh Siroya have been elected to Rajya Sabha from BJP. 

  • Jairam Ramesh of Congress won the remaining one seat. 

  • The Congress won three of the four Rajya Sabha seats while one seat was won by the BJP In Rajasthan.

  • Randeep Singh Surjewala, Mukul Wasnik and Pramod Tiwari are the winners from Congress. 

  • Ghanshyam Tiwari won a seat for the BJP in Rajasthan.

  • Important facts about Rajya Sabha

  • Article 80 of the Constitution provides provisions for members of the Rajya Sabha.

  • Members - 245 - including 233 elected members and 12 nominated members

  • Upper House of parliament strength cannot exceed 250

  • Nominated members - nominated by the President of India in the field of art, literature, science and social service

  • Chairperson of the Rajya Sabha - Vice-President

  • Tenure of members - six years

  • Elections to one-third seats are held every two years

  • Process of election - members are elected indirectly by the people, that is, by the MLAs.

  • Voting is by single transferable vote

  • NOTA button is available in the Upper House polls