Asset Reconstruction Company – Concepts Simplified | Prelims Capsules 2021

The concept of Asset Reconstruction Company is very important for UPSC exam due to the proposal of setting up bad banks. This proposal was put forward by the government in the recent Union Budget 2021-22. What is an Asset Reconstruction Company (ARC)? Asset Reconstruction Company (ARC) is a specialized financial institution that buys the Non-Performing Assets… Continue reading Asset Reconstruction Company – Concepts Simplified | Prelims Capsules 2021

“Pink Moon 2021”: This year’s first Supermoon

What is the News? People around the world on 26th April 2021 witnessed the first Supermoon or Pink Moon What is Supermoon? The Astrologer Richard Nolle in 1979 coined the term Supermoon . The supermoon is a full moon or a new moon that nearly coincides with a perigee (A point of the Moon’s orbit… Continue reading “Pink Moon 2021”: This year’s first Supermoon

“NEO-01” – Chinese robot prototype to clear space debris

What is the News? The Chinese government has launched a robot prototype named ‘NEO-01’ in the Low Earth Orbit through its Long March 6 rocket. About ‘NEO-01’: NEO-01 is a robot prototype developed by China-based space mining start-up ‘Origin Space’. Aim: The aim is to observe small celestial bodies in deep space and to experiment… Continue reading “NEO-01” – Chinese robot prototype to clear space debris

“Global Forest Goals Report 2021” and “United Nations Strategic Plan for Forests”

What is the News? The Department of Economic and Social Affairs of the United Nations has released the Global Forest Goals Report 2021. Findings of the Global Forest Goals Report 2021: Firstly, the report finds that the world is making progress in key areas such as increasing global forest area through afforestation and restoration. Secondly,… Continue reading “Global Forest Goals Report 2021” and “United Nations Strategic Plan for Forests”

“Agriculture Infrastructure Fund” crosses Rs. 8,000 crore mark

What is the News? After receiving around 8,665 applications worth Rs. 8,216 core Agriculture Infrastructure Fund(AIF) has crossed the Rs.8000 crore mark. Sectors: The largest share of the fund has gone to Primary Agricultural Credit Societies (PACS) (58%). This is followed by agri-entrepreneurs (24%) and individual farmers (13%). States: Andhra Pradesh has received the highest… Continue reading “Agriculture Infrastructure Fund” crosses Rs. 8,000 crore mark

Weekly Current Affairs Highlights – 26th Apr to 1st May

On this page, you can read all the major news/Current Affairs of the week. On a daily basis, we are covering all relevant Current Affairs under our various initiatives. For further reading, you can refer to our following initiatives: 9 PM: Daily Current Affairs Summaries For UPSC  Daily Editorials: Daily Current Affairs Editorials For UPSC … Continue reading Weekly Current Affairs Highlights – 26th Apr to 1st May

States control over temples is against Secularism

Synopsis: There is an urgent need to provide adequate community representation in the management of their places of worship Background There has been a persistent demand from the communities to deregulate state control over temples. Communities are asking for their right to representation in the affairs of the management of temples. Now the question is… Continue reading States control over temples is against Secularism

New Rules by ECI and Effectiveness of Multi-Phase Polling

Synopsis: New rules by the high court will help prevent a new surge after counting days. Election Commission of India also needs to reconsider the effectiveness of Multi-Phase Polling. Introduction  The Election Commission of India has banned victory celebrations after the election results are declared on May 2. ECI took the step after receiving criticism for… Continue reading New Rules by ECI and Effectiveness of Multi-Phase Polling

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