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Introduction to the Chernobyl Accident The Chernobyl disaster occurred on April 26, 1986, at the Chernobyl Nuclear Power Plant near Pripyat, Ukraine (then part of the Soviet Union). It involved an explosion at reactor No. 4 during a safety test that was ironically designed to improve reactor safety. The accident resulted in the largest uncontrolled…
The Indus Water Treaty (IWT), signed in 1960 between India and Pakistan, remains a cornerstone of transboundary water management. Overview of the Indus Water Treaty The IWT governs the sharing of waters from the Indus River system, which includes six major rivers: the Indus, Jhelum, Chenab, Ravi, Beas, and Sutlej. Brokered by the World Bank,…
Indian Literary Awards and Recipients (2024-25) Sahitya Akademi Awards 2024 Historical source note: Sahitya Akademi’s official press release dated 18 December 2024 announced the 2024 awards in 21 languages and stated that the Bengali, Dogri and Urdu awards would be announced later. The presentation ceremony was scheduled for 8 March 2025. The award consisted of…
Introduction The Securities and Exchange Board of India (SEBI) is the apex regulatory authority for the securities market in India. Established to protect investor interests and ensure the orderly development and regulation of the securities market, SEBI plays a pivotal role in maintaining market integrity and transparency. Its significance makes it a frequent topic in…
Introduction Water scarcity and mismanagement have emerged as critical challenges for India. Recognizing the urgency, the Government of India has launched several initiatives, among which Jal Suraksha Abhiyan stands out as a focused campaign to conserve, manage, and ensure the sustainable use of water resources. Key Highlights of Jal Suraksha Abhiyan Aspect Details Launch Year…
India’s banking sector has undergone significant transformations over the years, driven by various reforms aimed at enhancing efficiency, stability, and inclusivity. These reforms have been implemented to address challenges like non-performing assets (NPAs), capital adequacy, operational inefficiencies, and the need for technological modernization. Key Milestones in Indian Banking Reforms Year. Reform/Committee Key Focus Areas Impact…
The nationalisation of banks in India has been a pivotal event in the country’s economic history, reshaping the financial landscape to promote financial inclusion and economic growth. This article provides a comprehensive overview of the nationalisation process, recent merger activities, and future plans for the banking sector. History of Bank Nationalisation in India Phases of…
The 6th BIMSTEC Summit (2025) marked a significant milestone in regional cooperation, with India playing a pivotal role in shaping the agenda. What is BIMSTEC? BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) is a regional bloc of 7 nations: South Asia: India, Bangladesh, Bhutan, Nepal, Sri Lanka Southeast Asia: Myanmar, Thailand…
The Reserve Bank of India (RBI), India’s central bank, has played a pivotal role in shaping the nation’s financial and economic landscape since its inception. Below is a detailed account of its history, organized for quick reference. Key Historical Milestones of RBI Year Event 1926 The Hilton-Young Commission recommended the establishment of a central bank….
The history of banking in India is a fascinating journey that reflects the country’s economic evolution. From ancient practices like usury to the modern digital banking era, the Indian banking system has undergone significant transformations. This article provides an in-depth overview of the key milestones in the history of banking in India, organized for easy…
