Context: Corona virus and its impact on Economy. Mains 2020: Covid-19 and its impact on global economy. Global markets haven’t witnessed such panic and dislocation since the global financial crisis of 2008. Global equity markets have collapsed, the US’s 10-year bond is at its lowest level ever, and crude prices underwent their largest single-day fall… Continue reading 7 PM | Corona, crude, credit | 12th March 2020
Author: ForumIAS
Govt plans to create 75 lakh SHGs by 2022
News:The government is planning to create a total of 75 lakh Self Help Groups by 2022 to enable more women to get a livelihood. Facts: Self Help Groups (SHGs): NABARD defines SHGs as “small economical homogenous affinity groups of rural poor, voluntarily formed to save and mutually contribute a common fund to be lent to… Continue reading Govt plans to create 75 lakh SHGs by 2022
Amazon rainforest may collapse within decades if critical point is reached: Study
News: According to a study published in the journal Nature Communications, large ecosystems, such as the Amazon rainforest, may collapse and disappear quickly, once a critical point in their destruction is reached. Facts: Key takeaways: An ecosystem the size of the Amazon could collapse in approximately 50 years once a tipping point had been reached. … Continue reading Amazon rainforest may collapse within decades if critical point is reached: Study
In four years of a national mission, total supercomputers built: three
News: India has produced just three supercomputers since 2015 under the National Supercomputer Mission (NSM). Facts: National Supercomputing Mission: Launched: 2015 Aim: Empower national academic and R&D institutions by installing a vast supercomputing grid comprising more than 70 high-performance computing facilities. Objectives: To make India one of the world leaders in Supercomputing and to enhance… Continue reading In four years of a national mission, total supercomputers built: three
Daily Quiz: UPSC Prelims Marathon – March 12, 2020
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[Answers] Mains Marathon I Daily Answer Writing I 12th March 2020
What is genome sequencing? Discuss the significance of genome sequencing in recent context of Coronavirus epidemic. Answer Indian public schools suffers from poor infrastructure facilities especially in rural areas. Comment. Answer Anger and intolerance are the enemies of correct understanding. Elucidate. Answer Enumerate the causes for the loss of Biodiversity. Explain the in-situ and ex-situ… Continue reading [Answers] Mains Marathon I Daily Answer Writing I 12th March 2020
New Hub Under National Mission on Interdisciplinary Cyber Physical Systems
News:Department of Science and Technology (DST) has decided to establish a Technology Innovation Hub(TIH) at IIT Mandi under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS). Facts: About the Hub: Aim:To focus on human-computer interaction(HCI) research where projects will focus on design and development of computer technology (interfaces) and the study of interaction between humans(users)… Continue reading New Hub Under National Mission on Interdisciplinary Cyber Physical Systems
Explained:AT-1 bonds
News:The Reserve Bank of India(RBI) reconstruction plan for Yes Bank has put at risk nearly Rs 9,000 crore worth of AT-1 bonds. Facts: About AT-1 Bonds: Additional tier-1 bonds also called AT1 are a type of unsecured, perpetual bonds that banks issue to shore up their core capital base to meet the Basel-III norms. The… Continue reading Explained:AT-1 bonds
Pradhan Mantri Ujjwala Yojana(PMUY)
News:Recently,the Parliamentary committee’s has released a report on the performance of the PM Ujjwala Yojana. Facts: Key takeaways from the Report: In September, 2019 Government has met the target of eight crore LPG connections under the Pradhan Mantri Ujjwala Yojana. However,only three States have become kerosene free namely Haryana, Punjab and Andhra Pradesh. On the… Continue reading Pradhan Mantri Ujjwala Yojana(PMUY)
Shared economy at $2 bn by end-2020
News:According to a recent report by Maple Capital Advisors, the Shared economy in India is estimated to be about $2 billion industry by the end of 2020. Facts: About Shared Economy: The sharing economy is an economic model defined as a peer-to-peer (P2P) based activity of acquiring, providing or sharing access to goods and services… Continue reading Shared economy at $2 bn by end-2020
