DRDO and Indian Army successfully conducted six flight-tests of QRSAM.

  • DRDO and Indian Army have successfully conducted six flight-tests of Quick Reaction Surface to Air Missile (QRSAM) system from Integrated Test Range, Chandipur off the Odisha coast.
  • Aim: To check the pin-point accuracy of the weapon system with state-of-the-art guidance and control algorithms.
  • QRSAM:
    • It is a canister-based system.
    • It is stored and operated from specially designed compartments.
    • Range: 30 km (short-range SAM)
    • Altitude: up to 10 km

Healthcare sector in India will grow to USD 50 billion by 2025.

  • While addressing the 14th CII Global MedTech Summit, Science and Technology Minister, Dr Jitendra Singh has announced that Healthcare sector in India is expected grow to 50 billion dollar by 2025.
  • India aims to achieve 10 to 12% of the global market share of the medical devices sector.
  • The Indian healthcare system has become more focused on innovation and technology.
  • The govt also aiming to increase their investment in digital healthcare tools in coming five years.

Ombudsman disposed of 32% more complaints against insurers in 2021-22.

  • The Insurance ombudsman has disposed of 40,527 complaints against insurance firms across the country during 2021-22 as compared with 30,596 in 2020-21.
  • The complaints relating to health insurance made up a third of the total number cases disposed of by ombudsmen in 2020-21.
  • Ombudsman:
    • An alternative mode of settling insurance disputes.
    • It was constituted under rules framed by the finance ministry in 2017.
    • At present, 17 Insurance Ombudsman in different locations.

ESAF Bank launches "rainbow account" for transgender community.

  • ESAF Small Finance Bank Ltd has launched a Rainbow Savings Account for the transgender community.
  • This bank account offer a host of features, including high savings rate and advanced debit card facilities.
  • In 2015, the Reserve Bank of India has directed banks to include a separate column third gender in all their forms and applications.
  • The savings habit of the marginalised community will contribute heavily to the growth of the economy as a whole.

Karnataka Bank becomes part of Khajane II IFMS.

  • Karnataka Bank has now become the participant of the Treasury Department's Khajane-II (K2) integrated financial management system (IFMS).
  • Reason: For implementing the Single Nodal Agency (SNA) account system for Centrally Sponsored Schemes (CSS).
  • The bank will continue to engage and cooperate with the Government of Karnataka in implementing its numerous efforts to benefit the people through its technology and digital-led solutions.

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