1. Financial Action Task Force (FATF) Evaluation of India
![News](https://upscgyan.com/wp-content/uploads/2024/07/Financial-Action-Task-Force-FATF-Evaluation-of-India.png)
Why in News?
India has shown remarkable performance in the Mutual Evaluation conducted by the Financial Action Task Force (FATF), placing India in the “regular follow-up” category alongside four other G-20 nations.
Key Aspects:
- Global Standards: The FATF sets international standards to combat money laundering and financing of terrorism.
- Evaluation Success: India’s successful evaluation underscores its robust financial regulatory framework.
- Strategic Importance: This achievement enhances India’s standing in international finance and compliance communities.
2. Discovery of Hydrothermal Vents near Svalbard
![News](https://upscgyan.com/wp-content/uploads/2024/07/DALL·E-2024-07-02-11.37.04-An-underwater-scene-depicting-the-discovery-of-hydrothermal-vents-near-Svalbard.-The-image-shows-a-deep-sea-submersible-shining-its-lights-on-newly-di.webp)
Why in News?
Researchers have discovered hydrothermal vents along the Knipovich Ridge near Svalbard, a significant development in marine biology and environmental science.
Key Aspects:
- Marine Biology: The vents are crucial for understanding deep-sea ecosystems and biological processes.
- Environmental Impact: This discovery provides insights into the geothermal activity in Arctic regions.
3. Regional Rural Banks (RRBs) Proposed Merger
![News](https://upscgyan.com/wp-content/uploads/2024/07/PAYMENT.png)
Why in News?
There’s a proposal for the merger of 43 Regional Rural Banks with 12 scheduled commercial banks to enhance efficiency and service delivery in rural financial sectors.
Key Aspects:
- Operational Efficiency: Aims to improve financial resource management and reduce service duplications.
- Financial Inclusion: Enhanced service delivery could boost financial inclusion in rural areas.
4. Teesta Water Treaty Developments
![News](https://upscgyan.com/wp-content/uploads/2024/07/Untitled-design-5.png)
Why in News?
A renewed push in negotiations over the Teesta Water Treaty was triggered by a statement from Indian Prime Minister Narendra Modi during the state visit of Bangladeshi Prime Minister Sheikh Hasina.
Key Aspects:
- Bilateral Relations: The treaty is vital for India-Bangladesh relations, influencing diplomatic and regional water resource management.
- Environmental Concerns: Highlights the ecological implications and regional politics affecting water distribution.
5. Advancements in TB Diagnosis Using PET Scans
![News](https://upscgyan.com/wp-content/uploads/2024/07/ADVANCENENTS-IN-TUBERCULOSIS.png)
Why in News?
Innovations in medical imaging with Positron Emission Tomography (PET) have led to more accurate tuberculosis diagnosis, crucial for the treatment and management of the disease.
Key Aspects:
- Medical Innovation: PET scans now can pinpoint active TB in lungs with a new radiotracer.
- Global Health Impact: Enhances capabilities in managing and treating tuberculosis, a major global health issue.