The Bharat Bill Payment System (BBPS)

The Bharat Bill Payment System (BBPS) is an RBI conceptualised system driven by National Payments Corporation of India (NPCI).

It is a one-stop payment platformfor all bills, providing an interoperable and accessible “Anytime Anywhere” bill payment service to customers across the country with certainty, reliability and safety of transactions.

Payments through BBPS may be made using cash, transfer cheques and electronic modes. Bill aggregators and banks, who will function as operating units, will carry out these transactions for the customers

“toothpaste lava”
@ Sometimes high-viscosity magma comes out from the pipe like toothpaste being squeezed out of a tube.
@ The volcanologists sometimes use the term “toothpaste lava” to denote this eruption.
#prelim_2020 #target_shots #Geography

Digital Gender Atlas for Advancing Girls’ Education: Department of School Education and Literacy has prepared a Digital Gender Atlas for advancing girls’ education in the country on its website. The tool, which has been developed with the support of UNICEF, will help identify low performing geographic pockets for girls,

@target30upsc

https://targetupsc.in/test-series.html

Erosional Landforms Made by Glacier

Antara is injectable contraceptive, effective for three months drug whereas Chayya is contraceptive pill, effective for one week. Both of contraceptives are safe and highly effective. They will be available for free in medical colleges and district hospitals in 10 states.

The introduction of these new contraceptives will expand the basket of choices for country’s population to meet their family planning needs

Degradation Neutrality strategy, which has been defined by parties to UNCCD as ‘a state whereby the
amount and quality of land resources, necessary to support ecosystem functions and services, remains stable or increases within specified temporal and spatial scales and ecosystems’.
@target30upsc

https://targetupsc.in/test-series.html

Khadi and Village Industries Commission (KVIC)
It is statutory body established under the Khadi and Village Industries Commission Act of 1956.
KVIC works under Union Ministry of Micro, Small and Medium Enterprises with aim to plan, promote, facilitate, organise and assist in the establishment and development of khadi and village industries in the rural areas in coordination with other agencies engaged in rural development.

KVIC SCHEMES

PMEGP
SFURTI
RISC
EXPORT INCENTIVE SCHEME
INTEREST SUBSIDY SCHEME

REducing PLAstic in Nature (REPLAN)

Khadi and Village Industries Commission’s (KVIC) REducing PLAstic in Nature (REPLAN) project . The project was launched as part of KVIC’s commitment to Swachh Bharat Abhiyaan.

KVIC manufactures plastic-mixed handmade paper.

https://targetupsc.in/test-series.html

India’s first ‘Garbage Café’ will soon be opened in Ambikapur city in north Chhattisgarh. It is initiative of
Ambikapur municipal corporation. It aims to make Ambikar city plastic-free.

#EXAMPLE

India is the largest user of ground water in the world, extracting ground water to the tune of 253 bcm per year, which is about 25% of the global ground water extraction. Out of the total of 6584 assessment units, 1034 have been categorized as ‘Over-exploited’ 253 as ‘Critical’, 681 as ‘Semi-Critical’ and 4520 as ‘Safe’ The remaining 96 assessment units have been classified as ‘Saline’ due to non-availability of fresh ground water due to salinity problem.

#DATA
#ATAL BHUJAL YOJANA

Basel III norms prescribe banks to
hold capital to cover 3 types of risks,
including

- Credit risk: Risk of defaults;

- Market risk: Risks that may arise out
of market risks, as banks hold risky
assets, including ones in the equity
market.

- Operational risk: Including fraud,
cyber threats, physical threats, etc.

The Financial Action Task Force (on Money Laundering) (FATF), also known by its Frenchname, Groupe d'action financière (GAFI), is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering.

In 2001 its mandate expanded to include terrorism financing. It monitors progress in implementing the FATF Recommendations through "peer reviews" ("mutual evaluations") of member countries.

The FATF Secretariat is housed at the OECD headquarters in Paris.
#_targetshots

Liquidity trap is a situation when despite
decrease in policy rates to revive the
economy; it has not had an impact in
reviving demand in the economy.
#Prelims2020 #prelims #ECONOMY

Cheap money policy implies that the
Central Bank eases the rates at which
credit is available. This is often done
in order to spur growth in the
economy.
- Dear money policy implies that the
Central Bank is raising the interest
rates. This is in order to mop up
excess money in the market and,
thus, to tackle inflation

#Prelims2020 #prelims #ECONOMY