News: The remote Pacific nation Nauru is selling passports to fund climate action has approved but received just six applicants since early this year. Key Facts about Nauru Location: It is a tiny island located in north-east of Australia, 42 km south of the equator. It lies within the Micronesia sub-region of Oceania, with its… Continue reading Key Facts about Nauru
Author: Sumit Garg
Maratha Empire
News: A map showing the extent of the Maratha Empire in 1759 in the new NCERT Class 8 social science textbook has run into a controversy. Maratha Empire history and rulers About Maratha Empire The Marathas emerged as a formidable power in the 17th century in the Deccan region (modern-day Maharashtra). Founder: Chhatrapati Shivaji Maharaj… Continue reading Maratha Empire
FAO Food Price Index (FFPI)
News: According to Food and Agriculture Organization’s (FAO) Food Price Index, Global food commodity prices rose for the second month in a row in July 2025. About FAO Food Price Index (FFPI) It is a food price index by the Food and Agriculture Organization (FAO) of the United Nations. It measures international price movements of… Continue reading FAO Food Price Index (FFPI)
MERITE Scheme
News: The Union Cabinet has approved the proposal for implementation of the ‘Multidisciplinary Education and Research Improvement in Technical Education’ (MERITE) Scheme in 275 technical institutions comprising 175 engineering institutions and 100 polytechnics. About MERITE Scheme It is a key initiative aimed at enhancing the quality, equity and governance of the participating technical institutions. Full… Continue reading MERITE Scheme
RBI Grants AU Small Finance Bank Universal License, First in a Decade
News: The Reserve Bank of India has granted AU Small Finance Bank a universal banking license, the first in a decade, potentially paving the way for other small finance banks to transition. RBI Grants AU Small Finance Bank Universal License, First in a Decade The license was given under the RBI’s ‘on tap’ licensing guidelines… Continue reading RBI Grants AU Small Finance Bank Universal License, First in a Decade
Carriage of Goods by Sea Bill, 2025
News: The Parliament passed the Carriage of Goods by Sea Bill, 2025, marking a significant step in the government’s ongoing effort to modernise India’s maritime legal framework. About Carriage of Goods by Sea Bill, 2025 The Bill replaces the nearly century-old colonial period Indian Carriage of Goods by Sea Act of 1925, aligning Indian law… Continue reading Carriage of Goods by Sea Bill, 2025
Merchant Shipping Bill, 2025
News: The Lok Sabha cleared the ‘Merchant Shipping Bill, 2025’, aimed at streamlining maritime governance with a modern and internationally compliant approach. About Merchant Shipping Bill, 2025 It is a progressive, future-ready legislation that replaces the outdated Merchant Shipping Act of 1958. The Merchant Shipping Act, 1958 had become bulky, fragmented, and outdated with 561… Continue reading Merchant Shipping Bill, 2025
RBI Tightens Co-lending Norms
News: The Reserve Bank of India (RBI) has issued revised guidelines to strengthen the co-lending framework between banks and non-bank financial companies (NBFCs). RBI Tightens Co-lending Norms Co-lending: It is a brilliant example of financial teamwork where two financial institutions, like a big bank and an NBFC, team up to give out loans together. It… Continue reading RBI Tightens Co-lending Norms
Employee Stock Option Plan (ESOP)
News: Mahindra to gift Rs. 500 cr. in company stock to over 14,000 workers as Diwali bonus through Restricted Stock Units (RSUs), a form of employee stock option plan (ESOP). About Employee Stock Option Plan (ESOP) An Employee Stock Option Plan (ESOP) is a benefit scheme where companies offer employees the right to buy shares… Continue reading Employee Stock Option Plan (ESOP)
WHO Classifies Hepatitis D as Cancer-Causing
News: The World Health Organisation (WHO) recently announced the reclassification of hepatitis D as cancerous, emphasising the urgency for preventing viral hepatitis, which is a growing public health crisis. About Hepatitis D Hepatitis D is an inflammation of the liver caused by the hepatitis D virus (HDV), which requires hepatitis B virus (HBV) for its… Continue reading WHO Classifies Hepatitis D as Cancer-Causing
