Synopsis – Gulf leaders have signed a solidarity and stability agreement towards ending the diplomatic rift with Qatar in the 41st Gulf Cooperation Council (GCC) Summit in Al-Ula, Saudi Arabia. Background- In 2017, Saudi Arabia and its allies [UAE, Bahrain and Egypt] decided to boycott Qatar and imposed a naval, air and land blockade. Qatar was charged to be too close to… Continue reading Gulf reconciliation
Category: Daily News Updates
National Energy Conservation awards 2020
News: Indian Railways has bagged 13 awards at the ‘National Energy Conservation awards 2020’. Facts: National Energy Conservation Awards: The awards are organised by the Bureau of Energy Efficiency (BEE), Ministry of Power. Instituted in: The awards were given for the first time on 14th December, 1991 which is celebrated as National Energy Conservation Day throughout the country. Objective: These Awards… Continue reading National Energy Conservation awards 2020
Government launches Single Window Clearance Portal of Ministry of Coal
News: Union Home Minister has launched a Single Window Clearance Portal of the Ministry of Coal. Facts: Single Window Clearance Portal: The portal aims to allow successful bidders for coal blocks to be able to obtain all required clearances, including environmental and forest clearances, from a single portal with progress monitoring, instead of having to go to… Continue reading Government launches Single Window Clearance Portal of Ministry of Coal
ISRO to adopt 100 Atal Tinkering Labs for promoting Space Education
News: Atal Innovation Mission, NITI Aayog and Indian Space Research Organization (ISRO) has announced that ISRO will be adopting 100 Atal Tinkering Labs across the country to promote education in the field of STEM, Space education and space technology related Innovations for school students. Facts: Atal Tinkering Labs: It is an initiative by the Atal Innovation Mission,… Continue reading ISRO to adopt 100 Atal Tinkering Labs for promoting Space Education
Rs. 1,364 crore given to wrong beneficiaries of PM-Kisan
News: According to an Right to Information (RTI) reply, Union government has paid Rs 1,364 crore to 20.48 lakh ineligible beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme till July 2020. Facts: There were two categories of undeserving beneficiaries who received PM-KISAN payouts namely the “ineligible farmers” and “income tax payee farmers”. More than… Continue reading Rs. 1,364 crore given to wrong beneficiaries of PM-Kisan
Union Minister to launch “Khadi Prakritik Paint” developed by KVIC
News: Union Minister for Road Transport & Highways will be launching an innovative new called “Khadi Prakritik Paint”. Facts: Khadi Prakritik Paint: It has been conceptualized by the Khadi and Village Industries Commission (KVIC) and later developed by Kumarappa National Handmade Paper Institute, Jaipur (a KVIC unit). Key Characteristics: It is a first-of-its-kind eco-friendly, non-toxic paint with… Continue reading Union Minister to launch “Khadi Prakritik Paint” developed by KVIC
1,600 new tech start-ups and 12 unicorns in 2020: Nasscom’s Indian Tech Start-up Ecosystem report
News: National Association of Software and Services Companies (Nasscom) has released the annual start-up report ‘Indian Tech Start-up Ecosystem – On the March to Trillion Dollar Digital Economy’. Facts: Key Takeaways from the Report: Source: NASSCOM Report India has added 1,600 new tech start-ups and a record 12 unicorns in 2020 (the highest ever added in… Continue reading 1,600 new tech start-ups and 12 unicorns in 2020: Nasscom’s Indian Tech Start-up Ecosystem report
Efforts to increase Electric mobility in India
Synopsis: Significance of shifting towards electric vehicles for India and how the government has actively facilitated this process What are the significances of shifting to electric vehicles for India? Transition to electric vehicles is important for India as not only it will save public money but also the environment. The progression to electric vehicles will make India… Continue reading Efforts to increase Electric mobility in India
Issue of K-shaped recovery: How government budget can deal with it?
Synopsis –The macro-implication of K-shaped recovery and labour market pressure. How the government budget will deal with it? Introduction- COVID Vs Economic Mobility – India has broken the link between COVID virus proliferation and mobility earlier and more successfully. India’s GDP estimates for 2020-21 show that the economy is expected to perform much better than earlier projections. However, the present economic recovery is a… Continue reading Issue of K-shaped recovery: How government budget can deal with it?
RBI’s expansionary policy and challenge of the impossible trinity
Synopsis: RBI need to exit out of its expansionary policy and manage ‘the impossible trinity’, i.e. Capital inflow, inflation and exchange rate. Source: The Hindu Introduction RBI adopted the extraordinary expansionary policy after Covid-19. It reduced policy interest rates aggressively to increase the liquidity in the market. It also provided targeted assistance to especially distressed sectors. But, now RBI… Continue reading RBI’s expansionary policy and challenge of the impossible trinity
