TIT BITS
1. Recently, Women
Entrepreneurship Platform and TransUnion CIBIL Partner launched the SEHER
Program to empower women entrepreneurs.
2. The value of
defense production in India has gone up to ₹1,26,887 crore in FY
2023-24, reflecting a growth of 16.7% over the defense
production of FY 2022-23.
3. China is willing
to work with Malaysia to study connecting the East Coast Rail Link
(ECRL) with railway links in Laos and Thailand.
4. Recent developments surrounding the 16th Finance
Commission (FC) in India underscore crucial issues related to fiscal
decentralisation, especially concerning urban areas and their financial
sustainability within the federal structure. Additionally, the World Bank has
estimated a need for USD 840 billion for basic urban infrastructure over the
next decade.