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13th March, 2016


Economics

India signed MOU with IMF to setup regional


training centre
India and the International Monetary Fund (IMF) have a signed
a pact to set up South Asia Regional Training and Technical
Assistance Center (SARTTAC) in New Delhi.

The aim of this Center is to train officials in dealing with


macro-economic and financial issues.

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The training centre will help address existing training


requirements and respond to demand for IMF training in India,
Bangladesh, Bhutan, Maldives, Nepal and Sri Lanka, while
bringing the regions training volume on par with those of other
regions.
MOU was signed between Finance Minister Arun Jaitley and
IMF Managing Director Christine Lagarde.

13th March, 2016


Science

Wikipedia to develop a speech engine for visually


impaired users

Wikipedia has announced that it is collaborating with


researchers from Sweden's KTH Royal Institute of Technology
to develop an speech engine that will make the online
encyclopedia more accessible to the visually impaired.

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13th March, 2016


Science

Plastic degrading bacteria identified


A team of Japanese researchers has successfully identified a
bacterium species capable of breaking down plasticpoly(ethylene terephthalate) or PET.
The results were published in the journal Science.
This Bacteria is caled Ideonella sakaiensis 201-F6.

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This bacteria can almost completely degrade a thin film of PET


in a short span of six weeks at 30C.

13th March, 2016


india and the world

Project Mausam to explore Indian Ocean World


Project Mausam is the intiative of Ministry of Culture with
Archaeological Society of India.
It will be extended from East Africa, the Arabian Peninsula, the
Indian Subcontinent and Sri Lanka to the Southeast Asian
archipelago.
Aim of this project is to focus on monsoon patterns, cultural
routes and maritime landscapes.
Project Mausam is examining key processes and phenomena
that link different parts of the Indian Ocean.

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It aims to understand how the knowledge and manipulation of


the monsoon winds has shaped interactions across the Indian
Ocean and led to the spread of shared knowledge systems,
traditions, technologies and ideas along maritime routes.

13th March, 2016


Policies/initiatives

Real Estate (Regulation and Development) Bill,


2015
This bill promises to protect the interests of the large number
of aspiring house buyers.

It will protect the interests of consumers and curb the


malpractices in the real estate sector.
The bill seeks to create a uniform regulatory mechanism
across the country and enhance the growth of construction
sector.

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It also ensures to bring transparency and accountability in the


real estate sector to access capital and financial markets
essential for its long term growth.The Bill aims to bring about
transparency in the real estate sector, thereby encouraging
investments by foreign and domestic financial institutions and
protecting the interests of home buyers.

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