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ARTICLES

ARTICLES

ARTICLES

Q What is the context  ?A Recently, the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept key policy rates Repo rate, Reverse repo rate and the Bank rate  unchanged and retained the accommodative policy stance.This is the tenth consecutive time that the repo rate has remained unchanged. The central bank had last revised the policy rate on 22nd May 2020.Global central banks, including the US Federal Reserve and the European Central Bank (ECB) have turned hawks and are also expected to hike rates soon. Read More...

  Mar 12, 2022   Economy

Q Why is it in News ?A Recently, the government-owned Life Insurance Corporation of India (LIC) filed its Draft Red Herring Prospectus (DRHP) for its mega Initial Public Offering (IPO) with the Securities and Exchange Board of India (SEBI).The Government, which owns 100% of LIC, will be offloading 5% of its stake through the IPO. All the proceeds from the IPO, which is in the form of an offer for sale and is expected to total up to at least Rs. 60,000 crore, will go towards meeting the Government’s disinvestment target for FY22.LIC is fully owned by the government. I... Read More...

  Mar 11, 2022   Economy

Q What is the context  ? A Recently, the Prime Minister addressed the The Energy and Resources Institute’s (TERI) World Sustainable Development Summit. Q What is the World Sustainable Development Summit? A The World Sustainable Development Summit (WSDS) is the annual flagship event of TERI. It was earlier known as Delhi Sustainable Development Summit. Instituted in 200. It is the only Summit on global issues, taking place in the developing world. Objective: It has been conceptualized as a... Read More...

  Mar 11, 2022   Bio-diversity, Environment

Q. Why is this in news?A. The Ministry of Power has notified the first part of the National Hydrogen Mission policy on green hydrogen and green ammonia, aimed to boost production of hydrogen and ammonia using renewable energy.Q. What is green hydrogen?A.Green hydrogen is hydrogen gas produced through electrolysis of water.It is an energy intensive process for splitting water into hydrogen and oxygen— using renewable power to achieve this.Q. What are the Key takeaways of the Green Hydrogen Policy?A. The new polic... Read More...

  Mar 10, 2022   Bio-diversity, Environment

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  Mar 10, 2022   Current Affairs

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  Mar 09, 2022   International Relations

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  Mar 09, 2022   Bio-diversity, Environment

Q. Why is this in news?A. A whistle blower has leaked information on more than $100 billion held in 30,000 accounts of Zurich-headquartered Credit Suisse, one of the world’s most infamous banks which hold black money.Q. What is the news?A.The investigation refocused attention on Swiss banks and their famous, century-old culture of secrecy.This swiss tradition is under pressure as countries around the world try to get their super-rich to pay legitimate taxes on their wealth.Q. What are Swiss Banks?A. Since at lea... Read More...

  Mar 08, 2022   Economy

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  Mar 08, 2022   Science and Technology

Q. Why is this in news?A. The Competition Commission of India (CCI) issued its final order in an alleged case of cartelization involving four Japanese shipping firms, asking them to desist from avoiding competition with each other.Q. What is a Cartel?A.According to CCI, a “Cartel includes an association of producers, sellers, distributors, traders or service providers who, by agreement amongst themselves, limit, control or attempt to control the production, distribution, sale or price of, or, trade in goods or provision of services”.The three common components of a cartel are: Read More...

  Mar 07, 2022   Current Affairs

Q. Why is this in news?A. The Economic Survey 2021-22 has called for a standardized framework for cross-border insolvency as the Insolvency and Bankruptcy Code (IBC) at present does not have an instrument to restructure firms involving cross-border jurisdictions.Q. What is the Insolvency and Bankruptcy Code (IBC)?A.The IBC, 2016 is the bankruptcy law of India that seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.It is a one-stop solution for resolving insolvencies which previously was a long process that did not offer an economically ... Read More...

  Mar 07, 2022   Economy

Q. Why is this in news?A. Major cities such as New York and Boston in US are witnessing a “Bomb Cyclone” characterized by the explosive power of rapid drops in atmospheric pressure.Q. What is Bomb Cyclone?A.A bomb cyclone is a large, intense mid-latitude storm that has low pressure at its center, weather fronts and an array of associated weather, from blizzards to severe thunderstorms to heavy precipitation.It becomes a bomb when its central pressure decreases very quickly—by at least 24 millibars in 24 hours.When a cyclone “bombs,” or undergoes bombogenesis, this ... Read More...

  Mar 06, 2022   Security and Disaster Management

Q. Why is this in news?A. The government has proposed to replace the existing law governing Special Economic Zones (SEZs) with new legislation to enable States to become partners in ‘Development of Enterprise and Service Hubs’.Q. What is the need to amend SEZ Act, 2005?A.Units in SEZs used to enjoy 100% income tax exemption on export income for the first five years, 50% for the next five years, and 50% of the ploughed back export profit for another five years.SEZs now have started losing their sheen after the imposition of minimum alternate tax and the introduction of a sunset... Read More...

  Mar 06, 2022   Economy

Today's Current Affairs Question: The pandemic has disproportionately hurt women and girls, and the recovery from it needs to address their vulnerability to crises. Suggest the road to “build back better”. Read More...

  Mar 05, 2022   Current Affairs

Q. Why is this in news?A. Over 2 crore people who have signed up for the Centre’s portal for unorganised sector workers hold a Graduate Degree.Q. What is E-Shram?A. On August 26, 2021, the Ministry of Labour and Employment (MOLE) launched the E-Shram, the web portal for creating a National Database of Unorganized Workers (NDUW), which will be seeded with Aadhaar.It seeks to register an estimated 398-400 million unorganized workers and to issue an E-Shram card.Q. What are the Issues with E-Shram? Read More...

  Mar 05, 2022   Current Affairs

Q. Why is this in news?A. A recent US intelligence report says that ‘Havana Syndrome’ —a collection of symptoms and related brain injuries, reported by some US officials could be caused by pulsed electromagnetic energy or close-range ultrasound.Q. What is Havana Syndrome?A.‘Havana Syndrome’ is a colloquial name given to a set of symptoms such as dizziness, hearing loss, headaches, vertigo, nausea, memory loss and possible brain injuries.It was first reported by 16 American Embassy staff and their family members in Havana, Cuba, in 2016-17.There have been other i... Read More...

  Mar 05, 2022   Science and Technology

Today's Current Affairs Question: What was the “ most important climate deal since Paris” that was signed this week? State the highlights of it. Read More...

  Mar 04, 2022   Current Affairs

Q. Why is this in news?A. India runs the risk of being excluded from a proposal it co-authored at the World Trade Organization (WTO) negotiations, in 2020, to “temporarily waive” intellectual property rights (IPR) held, by primarily Western countries, on vaccines, therapeutics, and diagnostics for COVID-19.Q. What is the case?A.India and China are two major global suppliers of medicine.A small group of WTO members was discussing suggestions to exclude drug manufacturers in India and China from prospective waivers to IPR obligations.IPR obligations are a result of the Tra... Read More...

  Mar 04, 2022   International Relations

Q. Why is this in news?A. Indian National Centre for Ocean Information Services (INCOIS) has carried out coastal vulnerability assessment for entire Indian coast at states level.Q. What is Coastal Vulnerability Index (CVI)?A. Under the CVI, INCOIS has brought out an Atlas comprising 156 maps on 1:1,00,000 scales to prepare a CVI.These maps determine the coastal risks due to future sea-level rise based on the physical and geological parameters for the Indian coast.The CVI uses the relative risk that physical changes will occur as sea-level rises are quantified based o... Read More...

  Mar 04, 2022   Security and Disaster Management

Today's Current Affairs Question:Differentiate hydrogen energy by its colours and answer why blue Hydrogen is being preferred. Read More...

  Mar 03, 2022   Current Affairs