National Supercomputing Mission (NSM)

National Supercomputing Mission (NSM)
{IIT Kharagpur has signed an MoU with Centre for Development of Advanced Computing (C-DAC)}
~The Mission envisages empowering national academic and R&D institutions spread over the country by installing a vast supercomputing grid comprising of more than 70 high-performance computing facilities
Domestic systemically important bank
~D-SIB means that the bank is too big to fail. According to the RBI, some banks become systemically important due to their size, cross-jurisdictional activities, complexity and lack of substitute and interconnection.
[ Banks whose assets exceed 2% of GDP are considered part of this group.]
•The too-big-to-fail tag also indicates that in case of distress, the government is expected to support these banks
•RBI categorises IDBI Bank as Private Sector Bank; SBI, ICICI and HDFC remain Systemically Important Banks
Gurkhas of the British Army
~British Army announced this week that it would create a new Specialised Infantry Battalion by recruiting more than 800 Nepalese Gurkha servicepersons this year.
•Impressed by their discipline and ferocity in Anglo-Nepalese War of 1814-16, the British decided to recruit Gurkha soldiers starting in 1815.
[ Since then, the Gurkhas have fought on the side of the British Empire in almost every war, including both World Wars]


Popular Posts