Delhi Government signs MoU with Reserve Bank of India (RBI) for Yamuna rejuvenation and infrastructure capital expenditure.
[Reserve Bank of India (RBI), Delhi]
Key Updates:
- Delhi Government and Reserve Bank of India (RBI) sign MoU making RBI the banker, debt manager and financial agent for Delhi.
- Market borrowings via State Development Loans will carry interest of around seven per cent, replacing earlier high-cost borrowings at 12-13 per cent.
- Surplus funds of Delhi Government will be automatically invested daily through RBI mechanisms.
- Access to Ways and Means Advances and Special Drawing Facilities is enabled for managing temporary cash-flow mismatches.
- All borrowed funds must be used exclusively for capital expenditure with priority sectors being Yamuna rejuvenation, drinking water supply, health infrastructure, public transport, roads and flyovers.
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- The Delhi government is preparing for a major administrative overhaul to streamline governance.
- Under the proposed changes, the number of revenue districts in the capital will be increased to 13.
- The number of SDM offices will be expanded to 39 from 33.
- Officials believe the new structure will significantly reduce delays and minimise the need for the public to visit multiple government offices for routine work.
- At present, the capital has 11 revenue districts, each headed by a district magistrate.
- The districts operate separately from the MCD, which is divided into 12 zones led by deputy commissioners.
- The new district boundaries are being planned on the basis of Delhi’s 11 municipal zones.
- The Delhi Cabinet has given an in-principal approval to the proposal that currently awaits the L-G’s approval.
- The government has been planning to establish a mini-secretariat in every district to bring all departmental services except law and order under one roof.
- The New Delhi Municipal Council (NDMC) area functions as a separate entity within the New Delhi district that usually witnesses confusion over its jurisdiction.
- The government has planned to merge NDMC and Delhi Cantonment areas into the New Delhi district and align MCD zones with revenue districts.
- In September 2012, new districts were created when South-East Delhi and Shahdara were carved out.
- The current restructuring will require a major redraw of Delhi’s administrative map, leading to the addition or exclusion of villages and localities.
- The central board of the Reserve Bank of India (RBI) has approved a proposal to transition to a risk-based pricing system for deposit insurance.
- The new model replaces the uniform premium currently charged to banks under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme.
- Under the existing flat-rate system, banks pay a premium of 12 paise for every Rs 100 of assessable deposits.
- The proposed framework will charge lower premia to banks with stronger capital adequacy, better asset quality, and sound governance, while weaker banks will pay higher rates.
- The DICGC, established under the DICGC Act, 1961, has operated the deposit insurance framework on a flat-rate basis since 1962.
- RBI Governor Sanjay Malhotra introduced the reform measures alongside the October monetary policy decision to help better-rated banks save significantly on premium costs.
- The Reserve Bank of India (RBI) released final guidelines on transaction account directions.
- The final guidelines removed restrictions on cash credit (CC) accounts.
- The revised rule permits any lending bank with more than 10% exposure to open a current or overdraft account for the borrower.
- In situations where no bank or only one bank meets this threshold, the two lenders with the largest exposure will be allowed to operate such accounts.
- The requirement to transfer funds from collection accounts to designated transaction accounts within two working days remains unchanged.
- The guidelines will come into effect from April 1.
- The Reserve Bank of India (RBI) has issued the Urban Co-operative Banks – Licensing, Scheduling and Regulatory Classification Guidelines, 2025.
- The RBI stated that no fresh proposals for the organization of new UCBs or the conversion of cooperative credit societies into UCBs are being considered.
- A four-tiered regulatory framework has been adopted for UCBs based on deposit size as of March 31 of the preceding financial year.
- Tier 1 UCBs include all unit UCBs, salary earners’ UCBs, and other UCBs with deposits up to ₹100 crore.
- Tier 2 UCBs are defined as those with deposits of more than ₹100 crore and up to ₹1000 crore.
- Tier 3 UCBs consist of those with deposits of more than ₹1000 crore and up to ₹10,000 crore.
- Tier 4 UCBs include those with deposits exceeding ₹10,000 crore.
- UCBs transitioning to a higher Tier are allowed a glide path of up to two years to comply with higher regulatory requirements.
- To be included in the Second Schedule to the RBI Act, 1934, a UCB must maintain Tier 3 deposit levels for two consecutive years.
- UCBs seeking scheduling must maintain a Capital to Risk-Weighted Assets Ratio (CRAR) of at least three per cent more than the minimum requirement.
- The eligibility for scheduling also requires the absence of major regulatory and supervisory concerns based on the latest RBI inspection or audited financials.
Badalta Bharat Mera Anubhav Creative Challenges Announce Winners
[Ministry of Information and Broadcasting]
Key Updates:
- The Ministry of Information & Broadcasting (MIB) announced winners of four creative challenges under the ‘Badalta Bharat Mera Anubhav’ campaign organised with MyGov.
- Citizens shared personal experiences and creative expressions reflecting India’s transformation over the last 11 years under the visionary leadership of Prime Minister Shri Narendra Modi.
- Aligned with the vision of ‘Viksit Bharat@2047’, the campaign engaged citizens across age groups and backgrounds through Instagram Reels, YouTube Shorts, Short AV, and Blog Writing contests.
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- National Water Awards 2024 instituted by Department of Water Resources, River Development & Ganga Rejuvenation, Ministry of Jal Shakti
- Objective: "to promote awareness on water conservation and highlight grassroots efforts aligned with the government's 'Jal Samridh Bharat' vision"
- 46 winners across 10 categories (Best State, Best District, Best Village Panchayat, Best Urban Local Body, Best School/College, Best Industry, Best Water User Association, Best Institution, Best Civil Society, Best Individual)
- Scheme Name: 6th National Water Awards (NWA) 2024, launched by Department of Water Resources, River Development & Ganga Rejuvenation (DoWR, RD & GR), Ministry of Jal Shakti
- Launch Year: Awards announced for 2024; application process opened on 23 October 2024 on Rashtriya Puraskar Portal of Ministry of Home Affairs
- Objective: "creating awareness among the people about the importance of water and motivating them to adopt best water usage practices" and recognising efforts towards "Jal Samridh Bharat"
- Key Feature: 46 winners (including joint winners) selected across 10 categories—Best State, District, Village Panchayat, Urban Local Body, School/College, Industry, Water User Association, Institution, Civil Society, and Individual
- Implementing Agency: Evaluation by Jury Committee; ground-truthing by Central Water Commission (CWC) and Central Ground Water Board (CGWB)
- Award Ceremony: To be held on 18 November 2025 at Vigyan Bhawan, New Delhi, with Hon’ble President Smt. Droupadi Murmu as Chief Guest
- The initiative/vision discussed is Viksit Bharat (Developed India).
- Women and Youth are called the architects of Viksit Bharat.
- The force that will drive Viksit Bharat lies in the confidence of youth, the compassion of women, and the curiosity of minds, along with youthful innovation, women’s leadership, empathy, resilience, creativity, youthful energy, and intellect.
- The goal of Viksit Bharat is India’s emergence as a global leader in the 21st century.
- The National Gopal Ratna Awards (NGRA) 2025 are announced by the Department of Animal Husbandry and Dairying under the Ministry of Fisheries, Animal Husbandry and Dairying.
- The NGRA is one of the highest national honours in the livestock and dairy sector, aiming to encourage milk-producing farmers, dairy cooperative societies/MPCs/FPOs, and Artificial Insemination Technicians (AITs).
- Awards will be conferred on 26th November 2025 as part of the National Milk Day celebrations.
- The awards are given in three categories: Best Dairy farmer rearing indigenous cattle/buffalo breeds, Best Dairy Cooperative society/ Milk Producer company/ Dairy Farmer producer organization, and Best Artificial Insemination Technician (AIT).
- For the 'Best Dairy Farmer' and 'Best DCS/FPO/MPCs' categories, monetary prizes are ₹5,00,000 for 1st rank, ₹3,00,000 for 2nd rank, ₹2,00,000 for 3rd rank, and ₹2,00,000 for a Special Award for North Eastern Region (NER)/Himalayan States.
- For the 'Best Artificial Insemination Technician (AIT)' category, the award consists of a Certificate of merit and a memento only, with no cash prize.
- The National Gopal Ratna Awards have been conferred annually since 2021 under the Rashtriya Gokul Mission (RGM), which was launched in December 2014 to focus on the scientific conservation and development of indigenous bovine breeds.
Payments Regulatory Board (PRB) operationalised under RBI Governor
[Reserve Bank of India (RBI)]
Key Updates:
- The Payments Regulatory Board (PRB) held its first meeting in Mumbai under the chairmanship of Reserve Bank of India governor Sanjay Malhotra.
- The board reviewed the functions of RBI's department of payment and settlement systems.
- Key focus areas across domestic and global payment systems were discussed during the meeting.
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- RBI imposed the penalty for non-compliance with norms on Basic Savings Bank Deposit (BSBD) account, business correspondents, and credit information companies.
- Kotak Mahindra Bank opened additional BSBD accounts for customers who already held such accounts.
- The bank engaged business correspondents for activities outside the permitted scope.
- The lender furnished inaccurate borrower information to credit information companies.
- The Reserve Bank of India has recognised the Self-Regulated PSO Association (SRPA) as the first Self-Regulatory Organisation for Payment System Operators.
- In October 2025, the RBI recognised the Finance Industry Development Council (FIDC) as the SRO for NBFCs.
- The RBI granted SRO status to the FinTech Association for Consumer Empowerment (FACE) in August 2024.
- The recognition follows the RBI’s Framework for Recognition of a Self-Regulatory Organisation (SRO) for Payment System Operators, issued in October 2020.
- The recognition also follows the Omnibus Framework for Recognition of SROs for Regulated Entities of the Reserve Bank released in March 2024.
- According to the 2020 framework, an SRO must be a not-for-profit entity comprising only regulated payment system participants, both banks and non-banks.
- Once recognised, an SRO like SRPA is tasked with setting behavioural and professional standards for its members, resolving inter-PSO disputes, and acting as the collective voice of the payments industry in consultations with the RBI and other authorities.
- An SRO will also monitor member compliance and report violations of RBI guidelines or the Payment and Settlement Systems Act, 2007.
- The Reserve Bank of India (RBI) has issued the Urban Co-operative Banks – Licensing, Scheduling and Regulatory Classification Guidelines, 2025.
- The RBI stated that no fresh proposals for the organization of new UCBs or the conversion of cooperative credit societies into UCBs are being considered.
- A four-tiered regulatory framework has been adopted for UCBs based on deposit size as of March 31 of the preceding financial year.
- Tier 1 UCBs include all unit UCBs, salary earners’ UCBs, and other UCBs with deposits up to ₹100 crore.
- Tier 2 UCBs are defined as those with deposits of more than ₹100 crore and up to ₹1000 crore.
- Tier 3 UCBs consist of those with deposits of more than ₹1000 crore and up to ₹10,000 crore.
- Tier 4 UCBs include those with deposits exceeding ₹10,000 crore.
- UCBs transitioning to a higher Tier are allowed a glide path of up to two years to comply with higher regulatory requirements.
- To be included in the Second Schedule to the RBI Act, 1934, a UCB must maintain Tier 3 deposit levels for two consecutive years.
- UCBs seeking scheduling must maintain a Capital to Risk-Weighted Assets Ratio (CRAR) of at least three per cent more than the minimum requirement.
- The eligibility for scheduling also requires the absence of major regulatory and supervisory concerns based on the latest RBI inspection or audited financials.
- The Reserve Bank of India (RBI) final guidelines allow banks and their group entities to continue overlapping lending activities, preventing restructuring for 12 large bank groups.
- The draft guidelines would have impacted 12 bank groups, accounting for ~55% of sectoral advances, and 2-6% of consolidated advances of individual banks.
- The final framework permits overlapping lending operations subject to board approval.
- Of the 26 bank group entities with lending operations, only two currently qualify as upper-layer Non-Banking Financial Companies (NBFCs).
- The remaining bank group entities must adopt upper-layer norms (excluding listing requirements) by March 31, 2028.
- The guidelines impose a 20% ceiling on a bank group’s shareholding in an Asset Reconstruction Company (ARC).
- There are currently 13 ARCs in which one or more banks hold stakes.
- In all but two of these ARCs, shareholding by any single bank is less than 20%.
- Banks with shareholding exceeding the 20% limit in ARCs will have to partially divest by March 2028.
Defence Research and Development Organisation (DRDO) develops hand-operated Sea Water Desalination System (SWaDeS)
[Defence Research and Development Organisation (DRDO)]
Key Updates:
- The manual version of SWaDeS can be carried by a single person and can meet the emergency requirements of a group of 10-12 personnel.
- The engine operated system has the capability of purifying sea water having a salinity of 35,000 milligrams per litre of total dissolved solids (mg/L TDS) to less than 500 mg/L TDS to meet the requirement of 20-25 soldiers.
- Developed by the Defence Laboratory, Jodhpur, in response to the requirements projected by the Tri-command services, it can also be used by the civil sector in fresh water stressed areas.
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- Developed by: DRDO's Naval Science and Technological Laboratory (NSTL), Visakhapatnam
- Primary payloads: side scan sonar and underwater cameras for real-time detection of mine-like objects
- Key capability: onboard deep learning based target recognition algorithms enable autonomous classification, reducing operator workload and mission time
- Union Minister of Jal Shakti Shri C. R. Patil inaugurated the Jal Shakti Hackathon–2025 and the Bharat-WIN Portal.
- The initiative aligns with Prime Minister Narendra Modi’s ‘Water Vision @ 2047’ for a technologically empowered, sustainable, and water-secure India.
- Bharat-WIN Portal hosted at https://bharatwin.mowr.gov.in democratizes water-sector innovation for startups, MSMEs, industry, research institutions, young innovators, rural youth, women-led enterprises, academia, and global collaborators.
- Hackathon priority domains include water resource management, wastewater treatment and reuse, water-use efficiency & circular economy, smart water monitoring, climate resilience and hydrological modelling, flood & drought forecasting, precision agriculture & farm-level water conservation, revival of traditional water systems, and river-basin and watershed management.
- Winning participants receive ₹1 lakh grant for developing a Proof-of-Concept (PoC), mentorship through national research institutions, and opportunities for piloting and real-world implementation.
- National Institute of Hydrology (NIH), Roorkee, designated as Project Implementation Agency to scrutinize proposals, facilitate expert review, recommend innovations for approval, and support capacity-building and scaling of solutions.
- Grants-in-aid for selected innovations provided under the ‘Research and Development Programme in Water Sector’ and the National Water Mission.
- DRDO has handed over seven cutting-edge technologies developed under the Technology Development Fund (TDF) scheme to the three Services.
- Technologies include an indigenous high-voltage power supply for airborne self-protection jammers, a tide-efficient gangway for naval jetties, advanced very low frequency–high frequency switching matrix systems, VLF loop aerials for underwater platforms, an indigenous waterjet propulsion system for fast interceptor craft, a novel process for recovery of lithium precursors from used lithium-ion batteries, and a long-life seawater battery system for sustained underwater sensing and surveillance applications.
- The handover took place at the meeting of the Empowered Committee of DRDO, held at DRDO Bhawan, New Delhi, under the chairmanship of Secretary, Department of Defence R&D and DRDO Chairman Dr. Samir V. Kamat.
- The Committee approved 12 new projects spanning strategic, aerospace, naval and electronic warfare technologies.
- Paras Defence and Space Technologies Ltd announced it has signed an agreement with Defence Research and Development Organisation (DRDO) to receive technology for the Driver Night Sight (DNS) system used in T-90 tanks.
- The technology transfer agreement has been executed with DRDO under the Ministry of Defence, Government of India.
- The DNS system enables enhanced visibility for tank drivers during low-light and night-time operations, making it a critical component for armoured vehicle mobility and combat readiness.
Zoological Society of London-led study blames photo tourism for presumed deaths of seven galaxy frogs in Western Ghats
[Zoological Society of London]
Key Updates:
- Galaxy frogs (Melanobatrachus indicus) live exclusively under rotten logs in Kerala’s Western Ghats.
- The species is listed as vulnerable by the International Union for Conservation of Nature.
- Between June 2020 and April 2021 photographers overturned logs and trampled vegetation, causing the disappearance—and presumed deaths—of seven monitored frogs.
- Photographers handled frogs with bare hands, exposed them to high-powered camera flashes for nearly four hours per session and moved them to different logs for better pictures.
- Displacing logs altered the moss-covered microhabitat, likely preventing the frogs from returning and disrupting their feeding and breeding.
- Frogs rely on skin respiration; drying from flash heat or handling hampers breathing and can be lethal.
- The study recommends banning capture, handling and chasing of animals, minimising high-intensity lights, and training guides to curb unethical wildlife photography.
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- A team of scientists has discovered a new species of tiny toadlet in the cloud forests of Brazil's Serra do Quiriri mountain range.
- This bright orange frog measures just 8.9-13.4 mm in length, making it one of the smallest four-legged animals on Earth.
- This species is deaf to its own advertising calls, relying on visual cues like vocal sac inflation, mouth gaping, and arm waving for communication.
- After detailed analysis, they named it Brachycephalus lulai after the Brazilian president, Luiz Inacio Lula da Silva.
- Found in the Atlantic Forest, which is a highly threatened ecosystem, Brachycephalus lulai inhabits leaf litter at elevations above 750 meters.
- Species: Malabar gliding frog (Rhacophorus malabaricus) – "Known as the Malabar gliding frog, this vivid green amphibian"
- Location: Western Ghats, India – "High in the misty forests of the Western Ghats in India"
- Key behaviour: Constructs foam nest above ponds/streams – "the female selects a tree branch or leaf positioned directly above a pond or slow-moving stream"
- Nest details: White frothy foam up to ~3 inches diameter, holds ~200 eggs – "This nest can reach around three inches in diameter" and "the female deposits up to 200 eggs"
- Ecological role: Indicator of clean water and balanced habitat – "Frogs are indicators of environmental health; their presence suggests clean water and a balanced habitat"
- Gramma, estimated to be about 141 years old, died on November 20.
- She arrived at the San Diego Zoo from the Bronx Zoo in either 1928 or 1931 as part of the zoo's first group of Galápagos tortoises.
- She was euthanized after suffering from bone conditions related to her old age that had progressed recently.
- The cane toad (Rhinella marina) is recognized as one of the most invasive destructive species globally.
- Originally from Central and South America, cane toads were introduced to other regions, such as Australia, to manage beetle pests affecting sugarcane crops.
- Cane toads possess a powerful toxin called bufotoxin, released from glands behind their eyes, which is lethal to many animals, including native wildlife and pets.
- Predators like quolls, goannas, snakes, and crocodiles have experienced catastrophic population declines after ingesting cane toads.
- Female cane toads exhibit rapid reproduction, laying between 8,000 and over 30,000 eggs per clutch and potentially breeding multiple times annually.
- In new environments, cane toads face few natural predators and are highly adaptable, thriving in diverse habitats from cities to farmlands.
- Conservation efforts in Western Australia include training native crocodiles to avoid eating cane toads, which has significantly reduced crocodile deaths.
- Scientists are also researching gene-edited tadpoles that consume other cane toad eggs as a potential strategy to control their populations.