Whatsapp 93125-11015 For Details
1. The Reserve Bank of India (RBI) recently barred Kotak Mahindra Bank (KMB) from onboarding new customers online and issuing fresh credit cards. This action comes in response to serious deficiencies identified by the RBI in KMB's IT inventory, data leak prevention strategy, and disaster recovery plans during examinations conducted between 2022 and 2023. Despite recommendations and corrective action plans, KMB failed to address these concerns comprehensively and promptly, leading to non-compliance with RBI's directives. While the bank can still serve its existing customers, this move underscores the importance of regulatory compliance and robust risk management practices in the banking sector.
2. The Central Drug Standard Control Organisation (CDSCO) has granted approval for the phase II clinical trials of the Mycobacterium Tuberculosis (Live Attenuated) Vaccine (MTBVAC) in India. Developed by Bharat Biotech International Limited in collaboration with Biofabri, MTBVAC represents a significant milestone in tuberculosis (TB) prevention. Unlike the Bacillus Calmette and Guérin (BCG) vaccine, MTBVAC is derived from a human source and aims to offer enhanced efficacy and long-lasting protection against TB. With trials focusing on both newborns and adults, MTBVAC holds promise in addressing TB, a major public health concern in India and globally.
3. The Election Commission of India (ECI) has suspended the disbursement of amounts under the Rythu Bharosa scheme in Telangana until the completion of polling for the Lok Sabha elections in the state. This decision follows the Chief Minister's violation of the Model Code of Conduct (MCC) by publicly discussing the upcoming disbursements. Rythu Bharosa, previously known as Rythu Bandhu, is a welfare scheme launched by the Telangana government to provide financial assistance to farmer families across the state. The ECI's intervention underscores the importance of upholding electoral integrity and adherence to regulatory guidelines during the election period.
4. Magnetic Resonance Imaging (MRI) has emerged as an indispensable diagnostic tool in healthcare, offering non-invasive imaging of soft tissues within the body. Unlike traditional X-rays, MRI scans utilize powerful magnets and radio waves to produce detailed images, making them suitable for various medical applications. Recognizing its significance, Professor Paul C. Lauterbur and Peter Mansfield were awarded the Nobel Prize in Physiology or Medicine in 2003 for their pioneering research in MRI technology. With its diverse applications ranging from brain imaging to cardiovascular assessment, MRI continues to play a crucial role in modern healthcare diagnostics.
5. Assam's Jiadhal River is experiencing significant alterations in its course due to heavy precipitation, leading to soil erosion and posing a threat to agriculture. Originating from the sub-Himalayan mountains of Arunachal Pradesh, the Jiadhal River serves as a tributary to the Brahmaputra River. However, its path through Assam, particularly the Dhemaji district, is marked by annual floods and erosion, earning it the moniker "Sorrow of Dhemaji." The changing landscape underscores the complex interplay between natural phenomena and human activities, highlighting the need for sustainable environmental management practices in vulnerable regions.