CURRENT AFFAIRS

Detailed explanation-1: -Private sector lender YES BANK has partnered with three smart cities for providing payment related solutions. “We have tied up with Udaipur, Nashik and Puducherry for introducing various solutions for the smart city initiative, ” said Ritesh Pai, Senior President and Country Head – Digital Banking at YES BANK.

Detailed explanation-2: -In addition, the state government/urban local body (ULB) contributes an equal amount on a matching basis, and part of the project cost is mobilised from the National Investment and Infrastructure Fund (NIIF), municipal bonds, and other central government schemes.

Detailed explanation-3: -Indore. This city in Madhya Pradesh ranks high as a smart city in India. It has won many awards for categories ranging from waste management to heritage conservation. The retrofitting ideas in the city have made it sustainable and efficient.

Detailed explanation-4: -Smart cities use embedded technologies, open data platforms, and artificial intelligence to improve services, reduce congestion, and build more sustainable futures.