PIB Analysis 03-11-22

Niveshak Didi

  • India Post Payments Bank (IPPB), was stablished under the Department of Posts, Ministry of Communication with 100% equity owned by the Government of India.
  • IPPB conducted India’s First Floating Financial Literacy Camp with an initiative called ‘Niveshak Didi’ to promote Financial Literacy ‘By the women, for the women’, in Srinagar, J&K.
  • ‘Niveshak Didi’ initiative is based on the ideology of women for women as rural area women feel more comfortable to share their queries with a female itself.
  • IPPB initiated Financial Inclusion journey to resurgent rural India where reach and communication always remained a barrier.
  • Right from the inception, Postmen/ Gramin Dak Sevaks have been reaching out to the masses in every corner of the country, offering digital banking services at their doorsteps.

Phase-II Ballistic Missile Defence

  • Defence Research & Development Organisation (DRDO) conducted a successful maiden flight-test of Phase-II Ballistic Missile Defence (BMD) interceptor AD-1 missile with large kill altitude bracket from APJ Abdul Kalam Island off the coast of Odisha on November 02, 2022.
  • The flight-test was carried out with participation of all BMD weapon system elements located at different geographical locations.
  • The AD-1 is a long-range interceptor missile designed for both low exo-atmospheric and endo-atmospheric interception of long-range ballistic missiles as well as aircraft.
  • It is propelled by a two-stage solid motor and equipped with indigenously-developed advanced control system, navigation and guidance algorithm to precisely guide the vehicle to the target.