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ARTICLES

ARTICLES

ARTICLES

As the deadline for a response to a fresh proposal of India rejoining negotiations on the ASEAN-led trade Regional Comprehensive Economic Partnership (RCEP) approached recently, India has indicated that due to global post-COVID-19 concerns over China had strengthened India’s opposition to the grouping.According to India, due to Covid-19, the countries experienced that it would be detrimental for them to be overly dependent on imports from China or one country and hence taken the decision to stay out of the RCEP.Australia and Japan have been at the forefront of efforts to convince I... Read More...

  Jun 13, 2020   International Relations

India has it’s own perspectives on Afghanistan, and it’s traditional and neighbourly ties with the people of Afghanistan will continue to guide it's Afghanistan policy.However the USA favours India-Taliban talks given India’s regional and global position. It says that India is an important force in Afghanistan and it would be appropriate that India-Taliban engagement to take place.India’s reluctance has many reasons. Talks with Taliban would give primacy to a terrorist organisation and give boost to other such groups. Read More...

  Jun 13, 2020   International Relations

The government has taken steps to indigenise defence production by banning the import of some weapons and platforms while hiking foreign direct investment into the sector.In the defence sector, the FDI limits through automatic route has been increased to 74% from 49% at present. However the sector can receive 100% FDI under approval route.Moreover, the government would bring a negative list and the weapons listed under the list would have to necessarily be produced dome... Read More...

  Jun 13, 2020   Economy

What is Keeladi (Keezhadi) excavation?In 2013-14, the Archaeological Survey of India (ASI) carried out explorations in 293 sites along the Vaigai river valley in Theni, Dindigul, Madurai, Sivaganga and Ramanathapuram districts. Keezhadi in Sivaganga district was chosen for excavation and artefacts were unearthed by the ASI in the second phase of the excavation. This is a large-scale excavation carried out in Tamil Nadu after the Adichanallur archaeological site. What did it show?It pointed to an ancient civili... Read More...

  Jun 12, 2020   Miscellaneous

The government introduced the Maharatna scheme from 2010.Why?It aims to empower mega central public sector enterprises to expand and emerge as global giants. What are the criteria for grant of Maharatna status?The central public sector enterprises(CPSEs) fulfilling the following criteria are eligible to be considered for grant of Maharatna status.Having Navratna status.Listed on Indian stock exchange with... Read More...

  Jun 12, 2020   Economy

What is the background?President Donald Trump in 2018 began setting higher tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are "unfair trade practices".  As a result over the past year, the world's two largest economies have imposed tariffs on billions of dollars’ worth of one another's goods.How do the two countries perceive the trade war? Read More...

  Jun 12, 2020   International Relations

What is Coalition for Disaster-Resilient Infrastructure (CDRI) and when was it launched?In September 2019 Prime Minister Narendra Modi launched the Coalition for Disaster-Resilient Infrastructure (CDRI) at the UN Secretary-General’s Climate Action Summit in New York, US. It has a secretariat in Delhi, supported by the UN Office for Disaster Risk Reduction (UNDRR), to enable knowledge exchange, technical support and capacity building.What does it seek to do?The CDRI involves consultations with more than 35 countri... Read More...

  Jun 12, 2020   Bio-diversity, Environment

What is quantum supremacy?John Preskill, a theoretical physicist coined the term "quantum supremacy" in 2012 by John Preskill to describe the point at which quantum computers can perform tasks that classical computers simply can't.Why is it in news?Scientists and engineers from Google announced that their machine was able to finish a job in just 200 seconds—and that the world's most powerful supercomputers would need 10,000 years to accomplish the same task. The task involved executing a randomly chosen... Read More...

  Jun 12, 2020   Science and Technology

How many Central Armed Police Forces (CAPF) are there and under which Union Ministry do they fall?The Central Armed Police Forces (CAPF) are seven and come under the authority of Union Ministry of Home Affairs. They are the,Border Security Force (BSF), Central Reserve Police Force (CRPF), Central Industrial Security Force (CISF), Indo-Tibetan Border Police (ITBP),Assa... Read More...

  Jun 12, 2020   Polity

It is apparent that financially broke State governments are forced to adopt desperate and reviled measures such as opening liquor shops to mobilise money for their fight against COVID-19. The question is, even if they are strapped for resources, surely there must be other means to raise funds in this struggle to save lives than to prey on people’s alcohol addiction.Most States raise resources through a combination of their own taxes and a share in the Centre’s taxes. Before GST, States were free to charge sales taxes as legislated by... Read More...

  Jun 12, 2020   Current Affairs

The government’s decision to put in place a liquidity infusion package for micro, small and medium enterprises, which entails providing MSMEs whose accounts are standard — collateral-free loan totaling up to Rs 3,00,000 crore, is expected to boost fund flow to lakhs of stressed units in the sector. These loans will have a four-year tenure, a 12-month moratorium on principal payments and a cap on interest costs. The government has said it will provide a full guarantee to lenders against expected credit losses on these loans. MSME... Read More...

  Jun 12, 2020   Economy

Union Finance Minister has announced structural reforms in eight sectors — coal, minerals, defence production, airspace management, airports, MRO, power distribution companies in UTs, space, and atomic energy.The announcements were part of the cumulative package of Rs 20 lakh crore, nearly 10 per cent of GDP, to provide relief to various segments of the economy battered by the nationwide lockdown in the wake of the coronavirus pandemic. The Rs 20 lakh crore stimulus includes the government’s March 27 announcement of Rs 1.7 lakh crore package for free foodgrain and cash to th... Read More...

  Jun 12, 2020   Economy

India believes in a One-China policy which in short means that, it considers Taiwan a part of China — Regarding Taiwan entry into WHO, it has not yet taken a stand, but has been in conversation with some of Taiwan’s advocates as well.The WHO will meet on May 18 to discuss the COVID-19 pandemic and will hold a vote to determine whether to grant observer status to Taiwan at the WHA, its decision-making body.Countries like US, Japan, Australia, New Zealand, Canada, France, Germany, the UK — are signatories to a demarche, urging the World H... Read More...

  Jun 12, 2020   International Relations

Who set up the committee and why?Reserve Bank of India (RBI), in consultation with the Government of India, had constituted an Expert Committee to Review the Extant Economic Capital Framework of the Reserve Bank of India in 2018. Its Chairman was Dr. Bimal Jalan. What criteria were adopted by the Committee for the recommendations?The Committee submitted its report to the Governor of the RBI. T... Read More...

  Jun 11, 2020   Economy

Hurricane Dorian was the most powerful tropical cyclone on record to strike the Bahamas, and is regarded as the worst natural disaster in the country's history. Dorian struck the Abaco Islands on September 1 with maximum sustained winds of 185 mph (295 km/h). The resultant damage to these islands was catastrophic; most structures were flattened or swept to sea, and at least 70,000 people were left homeless. After its ravages through the Bahamas, Dorian proceeded along the coasts of the Southeastern United States and Atlantic Canada, leaving behind considerable damage and economic losses in those regions. Read More...

  Jun 11, 2020   Bio-diversity, Environment

What are Social Stock Exchanges?In the Union Budget in July 2019, Finance Minister proposed a social stock exchange for social enterprises and voluntary organisations working for social welfare to help them raise capital through debt, equity and mutual fund. Which committee is set up for it and who heads it?The Securities and Exchange Board of India (Sebi) has constituted a working group on So... Read More...

  Jun 11, 2020   Economy

What is it?India-Thailand Coordinated Patrol (Indo-Thai CORPAT) is a Naval exercise. Indian Navy ships and aircraft of Andaman and Nicobar Command have been participating in the biannual Coordinated Patrol (CORPAT) with the Royal Thai Navy (RTN) since 2003. What are its objectives?• To ensure effective implementation of United Nations Conventions on Laws of the Sea (UNCLOS) which specif... Read More...

  Jun 11, 2020   Security and Disaster Management

What is logistics?Logistics is the process of planning and executing the efficient transportation and storage of goods from the point of origin to the point of storage and consumption. The goal of logistics is to meet customer requirements in a timely and cost-effective manner. It is a key parameter in deciding the trade competitiveness of a state or country.What is LEADS?The Logistics Ease Ac... Read More...

  Jun 11, 2020   Economy

The United Nations Secretary-General António Guterres hosted the Climate Action Summit in New York ahead of the UN General Assembly. The Secretary-General called on all leaders – governments, the private sector, civil society, local authorities and other international organizations – to come with concrete, realistic plans that will boost ambition and rapidly accelerate action to implement the Paris Agreement.Paris Agreement provides an open-door framework for countries to continuously ratchet up their positive actions, and the Summit demonstrated how govern... Read More...

  Jun 11, 2020   International Relations

Government announced consolidation of state­ owned banks that will see 10 banks being merged to form four bigger lenders to strengthen a sector struggling with a bad­ loans and aimed at creating lenders of global scale that can support the economy’s surge to $5 trillion by 2024. After the mergers, the country will have 12 public sector banks.Which banks do the mergers include?Punjab National Bank, Oriental Bank of... Read More...

  Jun 11, 2020   Economy