The Reserve Bank of India introduced the Legal Entity Identifier system for all payment transactions of fifty crores and above through NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement).

The system is being introduced to identify the legal entities involved in financial transaction. The central bank has adopted the system to improve the quality and accuracy of the financial data systems.

Under the system, the banks have to include information of the remitter and beneficiary.

It is introduced under Payment and Settlement Systems Act, 2007.

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MIYAWAKI has revolutionised the concept of urban afforestation by turning backyards into mini-forests.

This method includes planting trees (only native species) as close as possible in the same area which not only saves space, but the planted saplings also support each other in growth and block sunlight reaching the ground, thereby preventing the growth of weed.

The saplings become maintenance-free (self sustainable) after the first three years.

The approach is supposed to ensure that plant growth is 10 times faster and the resulting plantation is 30 times denser than usual.

Miyawaki method helps to create a forest in just 20 to 30 years, while through conventional methods it takes anywhere between 200 to 300 years.Follow my telegram channel - https://t.me/aspirantvoice. Speak to me here - https://anchor.fm/aspirant-voice/message. Do follow me on Twitter- https://twitter.com/smurali236?s=09 , Facebook - https://www.facebook.com/Aspirantvoiceupsc/ , Instagram- https://instagram.com/aspirant_voice_upsc?utm_medium=copy_link

In this episode, i discussed brief insight on history of vijayanagara empire.... Follow my telegram channel - https://t.me/aspirantvoice. Speak to me here - https://anchor.fm/aspirant-voice/message. Do follow me on Twitter- https://twitter.com/smurali236?s=09 , Facebook - https://www.facebook.com/Aspirantvoiceupsc/ , Instagram- https://instagram.com/aspirant_voice_upsc?utm_medium=copy_link

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the Union Cabinet has approved the new National Education Policy (NEP), 2020 with an aim to introduce several changes in the Indian education system - from the school to college level.

The NEP 2020 aims at making “India a global knowledge superpower”.

The Cabinet has also approved the renaming of the Ministry of Human Resource Development to the Ministry of Education.

The NEP cleared by the Cabinet is only the third major revamp of the framework of education in India since independence.

The two earlier education policies were brought in 1968 and 1986.

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PVTGs are more vulnerable among the tribal groups.

They have declining or stagnant population, low level of literacy, pre-agricultural level of technology and are economically backward.

They generally inhabit remote localities having poor infrastructure and administrative support.

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The Centre, the governments of Mizoram and Tripura and leaders of Bru organisations signed a quadripartite agreement in January (2020).

Under the pact, the Home Ministry has committed to incur the whole expenditure of settlement in Tripura.

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The Reserve Bank of India (RBI) in a recent move has announced that it will be integrating consumer grievances redressal under a single ombudsman as against three schemes working at present. The move comes at a time when there is an increase in digital transactions and the consumers have to face a lot of problems while getting their complaints redressed. The move is a step forward in the direction of customer empowerment and is an initiative towards providing speedy and inexpensive redressal to millions of users of India’s banking and non-banking infrastructure. Follow my telegram channel - https://t.me/aspirantvoice. Speak to me here - https://anchor.fm/aspirant-voice/message. Do follow me on Twitter- https://twitter.com/smurali236?s=09 , Facebook - https://www.facebook.com/Aspirantvoiceupsc/ , Instagram- https://instagram.com/aspirant_voice_upsc?utm_medium=copy_link

According to the report of WWF Water Risk Filter nearly a third of the 100 cities in the world susceptible to ‘water risk’ are in India. WWF Water Risk Filter

Launched in 2012, the Water Risk Filter is a practical online tool that helps companies and investors assess and respond to water-related risks facing their operations and investments across the globe.

Developed by WWF and the German finance institution DEG, the Water Risk Filter has become a leading and trusted source of water risk data for thousands of users – from multinational corporations and SMEs to financial institutions – which have used it to evaluate hundreds of thousands of specific sites.

After a major upgrade in 2018 and a wealth of new functions, the Water Risk Filter 5.0 enables companies and investors to Explore, Assess, Value and Respond to water risks. Lately, the Water Risk Filter provides scenarios of water risks for 2030 and 2050, integrating climate and socio-economic changes in three different pathways.

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Recently, the Ministry of Home Affairs (MHA) has issued the Jammu and Kashmir Reorganisation (Adaptation of State Laws) Order, 2020.

On 5th August 2019, the Centre revoked J&K's special status under Article 370 and Article 35A of the Constitution and bifurcated it into the UTs of J&K and Ladakh.

The two revoked constitutional provisions let the state legislature decide the ‘permanent residents’, prohibiting a non-J&K resident from buying property there and ensuring job reservation for its residents.

There are 12 States, including Himachal Pradesh, where provisions of special status under Article 371 apply.

The provisions pertain to regulation of ownership and transfer of land in order to conserve the limited resources available for development and to ensure that the State preserves its unique identity.

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