Relevance: Prior to pandemic itself, India’s biomedical waste management capacity was already limited. With the advent of pandemic, biomedical waste generation has increased manifold. What is the News? A study was conducted by the International Institute for Population Science (IIPS) to determine the Covid risk due to increase in Biomedical Waste. What is Biomedical Waste? Biomedical Waste means any waste… Continue reading 23 states at additional Covid risk due to Biomedical waste
Category: Current affairs Categories
Securities market: On the cusp of change
Relevance: A robust financial market is critical for optimum channelization of surplus in an economy. Synopsis: We need to establish a capable financial market system. One of the challenges is the less than perfect functioning of regulatory bodies. Problems with the regulators Concentrated power: Regulators in India are unique in having concentrated power, with an intermixing… Continue reading Securities market: On the cusp of change
A system of shared IDs can globalize digital currencies
Relevance: Digital currencies are gaining global attention. Even an inter-ministerial committee (IMC) suggested to introduce National Digital Currency under the RBI. Synopsis: The major countries of the world are planning to issue their respective digital currencies whose success depends on the degree of global acceptance and transferability. Background: Digital Currency is a direct claim on a central bank, like regular cash. FedCoin,… Continue reading A system of shared IDs can globalize digital currencies
RBI issues guidelines for NBFCs to declare dividend
What is the News? The Reserve Bank of India(RBI) has issued guidelines that spell out the eligibility criteria for non-banking finance companies(NBFCs) to declare dividends. What is Dividend? Dividend is a sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves). What is NBFC? A Non-Banking Financial… Continue reading RBI issues guidelines for NBFCs to declare dividend
A crystal ball gaze at where the Indian rupee could be headed
Why Rupee fluctuates vis-a-vis other currencies? Reason for fluctuation in rupee: India’s foreign exchange reserves. For example, an increase in forex reserves is an indication that India is getting in more dollars than India’s spending. This will push India’s current and capital accounts into surplus zone and impact the exchange rates. Daily fluctuations caused by foreign portfolio investment (FPI) flows. External factor of the dollar,… Continue reading A crystal ball gaze at where the Indian rupee could be headed
Saved by our women
Synopsis: Article talks about various female right activists that are constantly working for the rights of weaker and under-privileged sections of the society. We take up the pre-independence female right activists mentioned in the article, like Muktabai Salve, Tarabai Shinde, Savitribai Phule, Jyotiba Phule etc. Savitribai Phule Read this Jyotiba Phule Read this. Muktabai Salve Mukta Salve was one of the first Dalits to… Continue reading Saved by our women
Similarities Between Non-fungible tokens and worldwide web
Synopsis: Tim Berners-Lee, the inventor of the World Wide Web (WWW), compared the idea behind WWW to that of blockchain-based NFTs (Non-fungible tokens). What are Non-fungible tokens? Non-fungible tokens are built on blockchain technology, which is aimed toward decentralising power, which is what the Web was supposed to do before Big Tech empires developed. NFTs are “one-of-a-kind” assets in the digital world. These digital tokens can be thought… Continue reading Similarities Between Non-fungible tokens and worldwide web
Lesson from China on bad banks
Relevance: There is a debate going on in India to open bad bank for solving the NPA problem with banks. Synopsis – To address stressed assets [nonperforming loans (NPLs), a bad bank must have a fixed term and a narrow mandate with clear aims. What are bad banks? A ‘bad bank’ is designated financial institutions that purchase and resolve nonperforming assets (NPAs) from banks and help… Continue reading Lesson from China on bad banks
Protecting Prisoners’ right
Relevance: Prison reforms in India have been pending of late. Synopsis: Overcrowding in prisons has put several inmates at risk of COVID-19 infection and death. It is a violation of the human rights of prisoner. Background In India Prisons are overcrowded and it has left thousands of prisoners at risk of Covid infection and death. According to data, there are 12,715 inmates lodged in 11 sections of… Continue reading Protecting Prisoners’ right
The new urban
Relevance: Distinctive features of government’s key schemes related to urban planning and development Synopsis: Completion of six years of implementation of three major flagship missions of the Ministry of Housing and Urban Affairs — the Pradhan Mantri Awas Yojana (Urban), Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Smart Cities Mission. Contents1 Special feature of all these missions 2… Continue reading The new urban
