The Indian Coast Guard has formed the 840 CG Advanced Light Helicopter Squadron.

• A new air squadron, 840 Squadron, was established in the Indian Coast Guard in Chennai, with an Advanced Light Helicopter Mark-III aircraft as its 1st aircraft. 
• In the presence of the Commander of the Eastern Coast Guard Region, Inspector General AP Badola, the aircraft was welcomed with the usual water cannon salute. 
• This is the 1st time the defence force has deployed such a plane in the eastern region.
• According to the Coast Guard, 3 more ALH aircraft will also be added to the new Squadron’s inventory in the near future.

Dhan Sanchay, a new life insurance product, was introduced by LIC.

• The Life Insurance Corporation of India introduced Dhan Sanchay, a non-linked, non-participating individual savings life insurance plan that gives both savings and protection. 
• This plan would give financial support to the family if the life assured dies prematurely during the policy’s term. 
• It provides a guaranteed income stream from the date of maturity to the conclusion of the payout period, according to a LIC press release.
• The first 2 alternatives need a minimum Sum Assured of Rs.3,30,000/-, the 3rd option needs a minimum Sum Assured of Rs.2,50,000, and the 4th option needs a minimum Sum Assured of Rs.22,00,000.

RBI`s `Payments Vision 2025` Aims For A 3-Fold Increase In Digital Payments

• According to industry players, the Reserve Bank`s Payments Vision 2025 plan wants to triple the volume of digital payments and is progressive. 
• It intends to build India as a worldwide payments powerhouse.
• In light of rising geopolitical threats, the Reserve Bank of India released its Payments Vision 2025 document, which discusses ring-fencing domestic payment networks, and the necessity to implement domestic processing of payment transactions.

For Farmer Schemes, the Karnataka Government has launched the `Fruits` Software.

• The Karnataka government has launched The Farmer Registration & Unified Beneficiary Information System software for Aadhar-based, single-window registration for the schemes. 
• FRUITS software facilitates single registration using an Aadhar card and Karnataka’s Bhoomi digitized land record system for authenticating ownership.
• Through the single digital identity creation through FRUITS, farmers will be able to access benefits of hosts of schemes like Direct Benefit Transfer under PM Kisan, payment for Minimum Support Prices for crops, caste certificate authentication, and special financial assistance, and ration cards. 
• To confirm that the farmers get easy access to benefits distributed under various government schemes, the Karnataka government launched software for Aadhar-based, single-window registration for the schemes. 
• The state departments of horticulture, agriculture, animal husbandry, revenue, civil supplies, food, and fisheries departments of the state government are covered under the initiative.

India will have 5G services by March 2023, according to Ashwini Vaishnaw.

• Ashwini Vaishnaw, the Union Communications Minister, announced at the Viva Technology 2022 event that by March 2023, India would have full-fledged 5G services. 
• Vaishnaw said that the 5G spectrum auction would be concluded by the end of July.
• Vaishnaw added that Telecom is the key source of digital consumption, and it is very important to introduce trusted solutions in Telecom.

Tamil Nadu launched the Ennum Ezhuthum Scheme to reduce the learning gap.

• MK Stalin, the Tamil Nadu Chief Minister, launched the Ennum Ezhuthum scheme to bridge the learning gap caused by the COVID pandemic among students below eight. 
• The strategy aims to ensure foundational literacy and numeracy by 2025. It was launched at an event that took place in Azhinjivakkam panchayat union middle school, Tiruvallur.

• The education department will be distributing workbooks to students from Classes 1 to 3 to bridge the learning gap.
• Last week, a training programme was conducted for teachers and handbooks were distributed.
• Teachers were suggested to opt for interactive learning methods and encourage students to read books and newspapers in the school library.
• A slew of programmes and schemes has been announced by the State government for the academic year 2022-23, aiming to improve the quality of education in the State.
• The children will be trained in 3 subjects – Tamil, Mathematics, and English in a classroom suitable for conducting lessons.