Author: Yash Dagar

News: A study conducted by NCD Risk Factor Collaboration (NCD-RisC) in collaboration with WHO, published in the Lancet, has found a quarter of adults living with diabetes globally are in India. 1. Diabetes is a chronic disease in which the body does not produce enough insulin or cannot efficiently utilise the insulin it produces. 2.… Continue reading Lancet study: About a quarter of diabetics globally are in India

News: The Reserve Bank of India has retained State Bank of India, HDFC Bank and ICICI Bank as Domestic Systematically Important Bank (D-SIBs). 1. Domestic Systematically Important Banks are perceived as ‘too big to fail’ since their failure can have a significant impact on the financial system. 2. They are systematically important because of their… Continue reading Domestic Systematically Important Banks: Why are these banks ‘too big to fail’?

News: The 15th Finance Commission has flagged the issue of delay over constituting state finance commission in its 2020 report. It noted that grants would not be released to states after March 2024, if they did not constitute the State Finance Commission. Consequently, all states, except Arunachal Pradesh, have set up State Finance Commissions. 1.… Continue reading After Finance Commission nudge, all states but Arunachal form panels, Gujarat latest

News: The Russia-Ukraine war and conflicts in West Asia have contributed to the climate change problem by adding significant amount of greenhouse gas emissions into the atmosphere. Historically, the issue of war emission has been overlooked in climate change conversations, but it is likely to find some resonance at COP29. 1. War Emissions refers to… Continue reading War emissions on table as COP29 kicks off

News: Last week, the world’s first satellite with wooden components was launched on a SpaceX rocket from the Kennedy Space Center, United States. It has been flown to the International Space Station (ISS). The objective is to establish wood as a space grade material. 1. Lignosat is a wooden satellite that weighs just 900 grams.… Continue reading Lignosat: The world’s first satellite made of wood

News: The Union Government has frozen around 4.5 lakh mule bank accounts to curb cybercrimes. In a recent meeting, officials of the Indian Cyber Crime Coordination Centre (I4C) have conveyed to the Prime Minister’s Office (PMO) how fraudsters withdraw money from these mule accounts. 1. Mule Bank Accounts: These accounts are used to channel stolen… Continue reading Cybercrimes: 4.5 lakh ‘mule’ accounts frozen, many in public sector banks

News: World Meteorological Report (WMO) report ‘Statement of Climate 2024’ states that January-September 2024 global mean surface temperature was 1.54-degree Celsius above the pre-industrial average, making 2024 the warmest year. 1. World Meteorological Organisation (WMO): It is a specialised agency of the United Nations that aims at promoting international cooperation in meteorology, climatology, hydrology and… Continue reading Pushed by El Nino, 2024 set to become warmest year: WMO

News: The Telecom Regulatory Authority of India (TRAI) hosted South Asian nations for the South Asian Telecommunication Regulators’ Council (SATRC) event. The event witnessed TRAI Chairman being voted the chair of SATRC for the coming year. 1. Telecom Regulatory Authority of India (TRAI): It is a statutory body established under the provisions of the Telecom… Continue reading TRAI chief to chair South Asian Telecom Regulators’ Council

News: The government is preparing to involve the Ministry of Defence in India’s infrastructural planning to build dual-use infrastructure, which can be utilised for both civilian and military needs. This initiative is being planned under Pradhan Mantri Gati Shakti, also known as the National Master Plan for Multi-Modal Connectivity. 1. The Pradhan Mantri Gati Shakti… Continue reading India’s infra ambitions to get a new X factor: The military

News: The National Financial Reporting Authority (NFRA) has started the process of reviewing the audit and quality standards issued by Institute of Chartered Accountants of India (ICAI). The objective is to align them with global practices. 1. The National Financing Reporting Authority (NFRA) is a statutory body set up in 2018 under the provisions of… Continue reading NFRA begins audit standards overhaul