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January 08 Indian rupee has been falling constantly and has now crossed a lowest point of Rupees 85 per dollar. This is because of the market phenomena where high demand of dollars makes it costlier than the rupee and hence it falls. But even before market affected the decline of rupee, the RBI has also deliberately devalued rupee in the past. In 1947 the exchange rate was 1 USD to 1 INR. The Indian rupee was devalued for the first time in 1949 and the rupee fell to 4.79 against a dollar. Then in the decade of 1960 and 70s came as a period...
September 03 Government servants have now access to different types of pension schemes. Before it was Old pension scheme or OPS. Since 2004, it was replaced by New Pension scheme or the NPS. Now from April 2025 an unified Pension scheme UPS has been introduced. The OPS was a defined benefit scheme solely for government employees where employees were promised a guaranteed pension based on 50% of your last drawn basic salary, with no employee contributions required. The government fully funded this pension and adjusted it for...
August 18 The World Health Organization (WHO) has declared mpox a viral illness caused by the monkeypox virus as a Public Health Emergency of International Concern (PHEIC). Common symptoms of mpox are a skin rash or mucosal lesions which can last 2–4 weeks accompanied by fever, headache, muscle aches, back pain, low energy, and swollen lymph nodes. Mpox can be transmitted to humans through physical contact with someone who is infectious, with contaminated materials, or with infected animals. Laboratory confirmation...
August 05 In 2022, the government launched the Agnipath Scheme for recruiting soldiers called Agniveers across the Three services Army, Navy and Airforce. Under the new scheme, around 45,000 to 50,000 soldiers will be recruited annually. At the end of the four-year contract, 25% of 'Agniveer' will be inducted into the armed forces and rest will be retired with many benefits. What are the benefits? Agniveers will get Rs 30,000-45,000 per month as salary for four years. Upon the completion of the 4-years of service,...
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