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RBI unveils final guidelines for fintech SRO

The Reserve Bank of India (RBI) has finalized the rules for setting up self-regulatory organizations (SROs) for the fintech industry. The SROs will cover variou... The Reserve Bank of India (RBI) has finalized the rules for setting up self-regulatory organizations (SROs) for the fintech industry. The SROs will cover various fintech activities, including digital loans, peer-to-peer (P2P) services, and account aggregators, and will include both regulated and unregulated fintech companies. The RBI has outlined key mandates and functions for the SROs, such as representing the fintech sector, ensuring data safety, and controlling risks that could harm users. The SROs will also be responsible for enforcing rules and monitoring compliance, with mechanisms for grievance redressal and dispute resolution. The RBI has allowed multiple SROs to operate, with each fintech company required to be a part of at least one SRO.

IISc researchers develop novel method for mass production of recombinant proteins

The Department of Biochemistry at the Indian Institute of Science has developed a new method for producing recombinant proteins using monosodium glutamate (MSG)... The Department of Biochemistry at the Indian Institute of Science has developed a new method for producing recombinant proteins using monosodium glutamate (MSG) instead of methanol. This approach uses a different promoter in the yeast genome that codes for the enzyme phosphoenolpyruvate carboxykinase (PEPCK), which is safer and more environmentally friendly. The MSG-based expression method is expected to have significant implications for biotechnology, enabling the production of various proteins used in medicine, baby food products, and other fields. This innovation could lead to a shift in biotechnological methods worldwide, making them safer and more sustainable.

Mangroves in South India, Sri Lanka Labeled 'Critically Endangered'

The International Union for Nature Conservation (IUCN) has listed mangroves in Tamil Nadu, Sri Lanka, and the Maldives as "critically endangered" due to various... The International Union for Nature Conservation (IUCN) has listed mangroves in Tamil Nadu, Sri Lanka, and the Maldives as "critically endangered" due to various threats such as pollution, siltation, and climate change. The IUCN assessment highlights the importance of mangrove ecosystems in protecting biodiversity, providing local goods and services, and mitigating climate change impacts. In Tamil Nadu, conservation efforts include forming 20 village mangrove committees to promote local involvement and scientific management. Restoration initiatives, such as the Tamil Nadu Coastal Restoration Mission, are also underway to restore damaged mangrove areas and enhance their ecological and economic value.

Current Affairs

RBI unveils final guidelines for fintech SRO

IISc researchers develop novel method for mass production of recombinant proteins

Mangroves in South India, Sri Lanka Labeled 'Critically Endangered'

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