🔥 TX2 Awards

● The TX2 Awards, are given for doubling the tiger population.

● These awards are supported by Conservation Assured I Tiger Standards (CA|TS), Fauna & Flora International, Global Tiger Forum (GTF), IUCN, Panthera, UNDP, Wildlife Conservation Society (WCS), and WWF.

● Pench Tiger Reserve in Madhya Pradesh and adjoining Pench Tiger Reserve in Maharashtra have collectively won this year's (2023) TX2 Award for doubling their population of wild tigers.

● Satpura tiger reserve also received the Conservation Excellence Award for outstanding reserve management

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🔥Small Farmers' Agribusiness Consortium (SFAC)

● It is an autonomous body established in 1994 under Ministry of Agriculture & Farmers' Welfare to promote agribusiness and empower small and marginal farmers

● Aim :- To encourage institutional and private sector investments and linkages to strengthen farmers' bargaining power and provide economies of scale

● SFAC has implemented various schemes

-Equity Grant & Credit Guarantee Fund

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-Farmer Producer Organization

- National Agriculture Market schemes

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💥Network for Greening the Financial System(NGFS)💥

● Objective: Group of central banks and supervisors share best practices and contribute to the development of environment and climate risk management in the financial sector.

● Members: It includes central banks and financial supervisors.

● Secretariat: It is hosted by the Banque de France in Paris.

Reserve Bank of India(RBI) has joined the Network for Greening the Financial System (NGFS) as a Member.

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Candida Auris

Recently, it was observed that a deadly drug-resistant fungus is spreading across the US.

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Economic Survey 2022-23 states that Indian start-up companies are looking at 'reverse flipping'.

What is Reverse-flipping

● Flipping is the process of transferring entire ownership of an Indian company to an overseas entity.

● It is generally accompanied by a transfer of all intellectual property and data owned by an Indian company.

● Reverse Flipping is the process of shifting the domicile of those companies back to India who flipped earlier.

● Companies reverse flip because of easy access to capital from private equity and venture capital, changes in rules regarding round-tripping, and the growing maturity of India's capital market.