What is the News? Ukraine has said it has caused significant losses to the Russian military in airstrikes on Zmiinyi Island also known as Snake Island in the Black Sea. What is Snake Island? Snake Island is also known as Zmiinyi or Serpent Island. The island is located 35 km from the coast of the… Continue reading Explained: The importance of Snake Island, speck of land in the Black Sea, where Ukraine has bombed Russia
Author: Abdul
Dutch disease
What is the News? This article talks about the Dutch Disease and how to combat it. What is Dutch Disease? Dutch Disease in economics refers to a phenomenon wherein a country witnesses uneven growth across sectors due to the discovery of natural resources, especially large oil reserves. According to the concept, when a country discovers… Continue reading Dutch disease
Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services
What is the News? The Reserve Bank of India(RBI) has released the “Payments Vision 2025”. What is “Payments Vision 2025”? Released by: Reserve Bank of India(RBI) Core Theme: E-Payments for Everyone, Everywhere, Everytime (4 Es) Vision: Provide every user with Safe, Secure, Fast, Convenient, Accessible, and Affordable e-payment options (6 Attributes). Goalposts: The activities to… Continue reading Payments Vision 2025: RBI aims to regulate BigTech, FinTechs, BNPL services
Major Economies Forum on Climate and Energy Meets
What is the News? The Union Minister for Environment, Forest and Climate Change has represented India at the virtual meeting of the Major Economies Forum on Energy and Climate(MEF). What is the Major Economies Forum on Energy and Climate(MEF)? Launched in: 2009 by US President Barack Obama. Aim: To facilitate candid dialogue among major emitting… Continue reading Major Economies Forum on Climate and Energy Meets
New research: Study flags emergence of drug-resistant typhoid strains
What is the News? According to a study published in The Lancet, the effectiveness of antibiotics for typhoid fever is threatened by the emergence of resistant strains. What is Typhoid? Typhoid fever is a life-threatening infection caused by the bacterium Salmonella Typhi. Transmission: It is usually spread through contaminated food or water. Once Salmonella Typhi… Continue reading New research: Study flags emergence of drug-resistant typhoid strains
Explained: India’s emerging twin deficit problem
What is the News? The Finance Ministry in its report has warned of a Twin Deficit Problem due to higher commodity prices and a rising subsidy burden. What is a Twin Deficit? A twin deficit basically refers to a situation where the country runs relatively large current account and fiscal deficits. A higher twin deficit… Continue reading Explained: India’s emerging twin deficit problem
Five states need to take steps to stabilize debt levels: RBI
What is the News? According to a Reserve Bank of India(RBI) study, five states namely, Bihar, Kerala, Punjab, Rajasthan, and West Bengal figure among the most stressed states fiscally. RBI on Status of States Debts Based on the debt-GSDP ratio in 2020-21, Ten states namely Punjab, Rajasthan, Kerala, West Bengal, Bihar, Andhra Pradesh, Jharkhand, Madhya… Continue reading Five states need to take steps to stabilize debt levels: RBI
To end illegal mining, Madhya Pradesh plans to make it legal in parts of Chambal sanctuary
What is the News? Madhya Pradesh government has proposed to open 292 hectares for mining in five stretches on Chambal and its tributary Parvati rivers. The step is taken to free its forest department from devoting too much time, resources and efforts to fighting illegal mining in the National Chambal Sanctuary. Note: Sand mining has… Continue reading To end illegal mining, Madhya Pradesh plans to make it legal in parts of Chambal sanctuary
Union Minister inaugurated Jyotirgamaya-A festival showcasing the talent of unsung performers
What is the News? The Union Minister of Culture has inaugurated Jyotirgamaya-A festival showcasing the talent of unsung performers. What is Jyotirgamaya? Organized by: Sangeet Natak Akademi Purpose: It is a festival to showcase the talent of rare musical instruments from across the country, including street performers, train entertainers, performers attached to temples etc. Significance:… Continue reading Union Minister inaugurated Jyotirgamaya-A festival showcasing the talent of unsung performers
Explained: What is a black swan event?
What is the News? A study by the Reserve Bank of India(RBI) has spoken about the possibility of capital outflows to the tune of $100 billion from India in case of a major global risk scenario or a “Black Swan” event. What is Black Swan Event? A Black Swan is a rare, unpredictable event that… Continue reading Explained: What is a black swan event?
