14.07.23 Daily [Andhra Pradesh] APPSC Current Affairs

The financial capital of the country will finally get an Indian Institute Of Management. After several years, and many proposals later, the decision to give Maximum City the countrys top-brand business school was taken. Earlier this week, the central government decided to clear the decks to convert National Institute of Industrial Engineering to IIM-Mumbai, reportsHemali Chhapia. This will be Indias 21stIIMand Maharashtra will be the only state to have two IIMs, the other one being in Nagpur.

Mumbais tryst with an IIM started decades ago. The book The IIM-A story the DNA of an institution recorded that in 1955 the Cwntre appointed a panel and in 1957 a Harvard Business School panel recommended Mumbai as the location.

The <a href="https://exam.pscnotes.com/national-commission-for-Women“>National Commission for Women (NCW) used to provide financial assistance to Non-Governmental Organisations (NGOs) for organising Parivarik Mahila Lok Adalats (PMLAs) till the year 2014-2015. Thereafter, the scheme has been discontinued by the NCW.

The Government has now approved Mission Shakti, an integrated women Empowerment programme. The program is carefully designed to touch upon and address all concerns and issues of women, responsively, in a comprehensive manner, and during their entire lifecycle continuum. One of the components included in Mission Shakti is ‘Nari Adalat’. Initially, it is being started on a pilot basis, for providing women with an alternate Grievance Redressal Mechanism for resolving cases of petty nature (harassment, subversion, curtailment of rights or entitlements) faced by them at local level.

he Reserve Bank Of India (RBI) and theCentral Bank of UAE decided to move further on strengthening the economic engagement between the two countries by agreeing to allow exporters and importers from either side to invoice and pay in their respective domestic currencies rupee and dirham while working on a messaging system that could be an alternative to SWIFT (Society for Worldwide Interbank Financial Telecommunication), the globally used system to remit across borders.

The second MoU dealt with Payments and Messaging Systems and includes linking the Fast Payment Systems (FPSs) Unified Payments Interface (UPI) of India with the Instant Payment Platform (IPP) of the UAE. It also envisages linking the respective payment card switches RuPay switch and UAESWITCH.

The UPI-IPP linkage will enable users in either country to make fast, convenient, safe and cost-effective cross-border funds transfers. Similarly, linking the respective card switches will facilitate the mutual acceptance of domestic cards and the processing of card transactions.

NASA’sJames Webb Space Telescope‘s first anniversary image showcases star birth in the Rho Ophiuchi cloud complex, the closest star-forming region toEarth. The chaotic close-up captures jets bursting from young stars, impacting interstellar gas and molecular hydrogen. Some stars display the telltale shadow of a circumstellar disk, making up future planetary systems.

NASA’sJamesWebbSpaceTelescope has successfully revealed the universe in its first year of science operations, revealing a small star-forming region in the Rho Ophiuchi cloud complex. The telescope’s image celebrates its successful first year, revealing the universe like never before. New Webb image captures 390 Light-years of star-forming region, providing detailed close-up without foreground stars, revealing the nearest star-forming region.

Webb’s image depicts a region with 50 young stars, all similar in mass to the Sun or smaller. The darkest areas are densest, where thick dust cocoons protostars. The image is dominated by huge bipolar jets of molecular hydrogen, represented in red, which occur when a star bursts through its cosmic dust envelope.