What is the news? El Salvador became the first country to adopt Bitcoin as legal tender. But the launch was marked by Chivo app (state-backed wallet app) glitches and crash in the Bitcoin price. This shows the volatility associated with Cryptocurrency is real and the adoption of Bitcoin as the official currency can turn out… Continue reading El Salvador’s gamble on Bitcoin: Much too dicey
Union Minister inaugurates Emergency Landing Facility for Indian Air Force in Barmer, Rajasthan
What is the News? Union Defence Minister and Minister for Road Transport and Highways have jointly inaugurated Emergency Landing Facility(ELF) for the Indian Air Force(IAF). About Emergency Landing Facility(ELF) Purpose: It will be used for emergency landings of the Indian Air Force aircrafts. Located at: It is a 3 km stretch located on Gandhav-Bhakasar… Continue reading Union Minister inaugurates Emergency Landing Facility for Indian Air Force in Barmer, Rajasthan
Government Provides Big Boost to Exporters
What is the News? The Government of India has announced that it would clear all dues of exporters under various export promotion schemes. What are the various export promotion schemes under which dues will be cleared? About Merchandise Exports from India Scheme (MEIS) Click here to Read about MEIS Note: RoDTEP scheme which came into… Continue reading Government Provides Big Boost to Exporters
Ministerial meeting of the U.S.-India Strategic Clean Energy Partnership (SCEP)
What is the News? The Minister of Petroleum and Natural Gas has co-chaired a virtual Ministerial meeting with the U.S. Secretary of Energy to launch the revamped U.S.-India Strategic Clean Energy Partnership (SCEP). About the U.S.-India Strategic Clean Energy Partnership (SCEP) When was it launched? It was launched at the Leaders Summit on Climate held… Continue reading Ministerial meeting of the U.S.-India Strategic Clean Energy Partnership (SCEP)
Thamirabarani civilisation 3,200 years old
What is the News? A study has revealed that the Thamirabarani civilization in Tamil Nadu is at least 3,200 years old. About the study on Thamirabarani civilization The study was carried out by the US-based Beta Analytic Testing Laboratory. The laboratory has conducted the carbon dating analysis of rice with soil found in a burial… Continue reading Thamirabarani civilisation 3,200 years old
New rules to reform financial powers of armed forces
What is the news? In order to address operational needs of the armed forces, Defence Minister has released order on Delegation of Financial Powers to Defence Services (DFPDS), 2021. The last DFPDS was released in 2016. Under this order, new rules have been released to enhance the delegation of revenue procurement powers for the Army,… Continue reading New rules to reform financial powers of armed forces
The success of the PLI is likely to hinge on how entrepreneurs weigh the risk-reward equation
What is the news? Recently, Cabinet gave approval of a Production Linked Incentive (PLI) scheme for the textile sector that is expressly targeted at the man-made fibre (MMF) and technical textiles segments. In the global level, there was a shift in the consumer preferences and fashion trends which saw MMF surpass cotton as the fibre… Continue reading The success of the PLI is likely to hinge on how entrepreneurs weigh the risk-reward equation
Making green hydrogen viable demands financial, tech support to lower costs
Synopsis: Bringing down the cost of producing Green Hydrogen in India will require a mix of financial and technological interventions. Background Read here: Green Hydrogen – Explained, pointwise What is the major issue with Green Hydrogen adoption? Cost: According to The Energy and Resources Institute (TERI), the cost of green hydrogen production is $5-6 a… Continue reading Making green hydrogen viable demands financial, tech support to lower costs
The irrelevance of Indian GDP estimates to most of our citizens
Synopsis: Economic recovery is unlikely to prove sustainable when most basic indicators of human development show a worsening of our situation. Introduction Estimates of gross domestic product (GDP) for the first quarter of fiscal year 2021-22 were released on 31 August. This year’s first-quarter estimate shows a 20%-plus GDP growth. However, the real issue is… Continue reading The irrelevance of Indian GDP estimates to most of our citizens
Terror didn’t win: 9/11 changed democratic countries in some unlovely ways. But democracies stayed on track
Synopsis: This article highlights how global democracies change after the 9/11 attack. Introduction A study from the Washington-based Centre for Strategic and International Studies estimated that the number of active terrorist groups was 67 in 2018, the most since 1980. A new study from the Costs of War project at Brown University calculates that the… Continue reading Terror didn’t win: 9/11 changed democratic countries in some unlovely ways. But democracies stayed on track
