ABG shipyard scam – India’s biggest bank fraud
What is the ABG shipyard scam:- In February 2022, the Central Bureau of Investigation (CBI) filed a case against ABG Shipyard Ltd for cheating a consortium of 28 banks including the State Bank of India (SBI), IDBI and ICICI. The
Atmanirbhar bharat in the Defence sector
Theme:- Russia’s invasion of Ukraine reiterated the importance of achieving self-reliance in the defence sector because India is still dependent on Russia for nearly 60% of military equipment, and the war has resulted in the uncertainty of future supplies from
Global warming – Causes, Effects & Solutions
Theme:- The latest report from the UN Intergovernmental Panel on Climate Change (IPCC), which was released on 4th April 2022 mentioned that extreme steps are needed to prevent climate disaster.
- Global warming is heating up of
SWIFT
Theme:- Russia’s invasion of Ukraine resulted in several sanctions on Russia, which includes its partial ban from SWIFT.
- SWIFT (Society for Worldwide Interbank Financial Telecommunication) provides a secure financial messaging system for international payments. For example, if a person
Impact of 5G on Global economy
What is 5G:- 5G is the fifth-generation mobile network. It has the potential to be 100 times faster than its predecessor 4G. Latency (delay) can drop to under 1 ms, while 4G latency ranges from 60 ms to 98 ms.
