News: The Indian Army has installed a statue of the Maratha warrior Chhatrapati Shivaji Maharaj on the banks of Pangong Tso Lake. About Pangong Tso lake It is an endorheic lake (landlocked) located in eastern Ladakh. It derives its name from the Tibetan word, “Pangong Tso”, which means “high grassland lake”. It lies partly in… Continue reading Pangong Tso lake
Category: Daily Factly articles
Need of Cyclone prediction in India
Source: This post onNeed of Cyclone prediction in Indiahas been created based on article “Why better prediction of cyclone intensity, heavy rainfall is needed” published in The Hindu on 30th December 2024. UPSC Syllabus topics: GS 3- Disaster Management Context: The article underscores the urgent need for improving the prediction of tropical cyclone intensity and… Continue reading Need of Cyclone prediction in India
Srisailam Temple
News: The Archaeological Survey of India has discovered several copper plates and other ancient inscriptions at the Srisailam Temple, Andhra Pradesh. About Srisailam Temple Location: It is located on the top of Nallamala Hills in Andhra Pradesh. It lies on the bank of the river Krishna. History: The inscriptional evidence date back the temple to… Continue reading Srisailam Temple
Household Consumption Expenditure Survey 2023-24
News: The second survey of Household Consumption Expenditure Survey, conducted during August 2023 to July 2024, has been released by the Ministry of Statistics and Programme Implementation. Key Findings of the Survey Average Monthly Per Capita Consumption Expenditure: The MPCE is estimated to be Rs. 4,122 in rural areas and Rs. 6,996 in urban areas. … Continue reading Household Consumption Expenditure Survey 2023-24
Prepaid Payment Instruments
News: Recently, Reserve Bank of India (RBI) has permitted the Prepaid Payment Instrument holders to make and receive UPI payments through the third-party mobile application. About Prepaid Payment Instruments (PPIs) They are financial tools that help facilitate the purchase of goods and services, including financial services, remittances and fund transfer, among others, against the value stored… Continue reading Prepaid Payment Instruments
India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA)
News: The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) has reached its two-year milestone. It highlights significant achievement in strengthening bilateral trade ties and promoting mutual growth. About Ind-Aus ECTA It was signed on April 2, 2022 and came into force in December 2022. Aim– To provide an institutional mechanism to encourage and improve… Continue reading India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA)
Coringa Wildlife Sanctuary
News: The Wildlife Institute of India-Dehradun is preparing to execute India’s first Fishing Cat Collaring Project at Coringa Wildlife Sanctuary. About Coringa Wildlife Sanctuary Location– It is part of the Godavari estuary, where the Coringa River merges with the Bay of Bengal in Andhra Pradesh’s Kakinada district. Between this area and the sea ” Hope… Continue reading Coringa Wildlife Sanctuary
Biodiversity Credit Explaination
News: A study published in the journal ‘Proceedings of the Royal Society B’ highlights major uncertainties in the functioning of the biodiversity credit markets. Biodiversity Credit Explaination About Biodiversity Credit Definition: World Economic Forum defines Biodiversity Credits as verifiable, quantifiable and tradeable financial instrument that rewards positive nature and biodiversity outcomes through the creation and… Continue reading Biodiversity Credit Explaination
National Rainfed Area Authority
News: The National Rainfed Area Authority, in collaboration with other agencies, organised a workshop to stimulate discussions and policy discourse on rainfed areas. About National Rainfed Area Authority It was established in 2006 as an expert body to provide knowledge input regarding systemic upgradation and management of the country’s dry land and rainfed agriculture. Mission:… Continue reading National Rainfed Area Authority
RBI’s Committee for ethical use of AI in financial sector
News: The Reserve Bank of India has set up a committee to develop a Framework for Responsible and Ethical enactment of Artificial Intelligence (FREE-AI) in the financial sector. About the Committee Members: The committee comprises of 8 members and is headed by Dr Pushpak Bhattacharyya. Objectives: To assess the current level of adoption of… Continue reading RBI’s Committee for ethical use of AI in financial sector
