International Financial Services Centres Authority

News:Government of India has notified the establishment of International Financial Services Centres Authority(IFSCA). Facts: IFSCA was established to regulate the financial services market in the International Financial Services Centres set up under the Special Economic Zones Act, 2005. Composition:It consists of nine members: a) Chairperson b) members each from the RBI, SEBI, IRDAI, PFRDA c)… Continue reading International Financial Services Centres Authority

Explained: How the ozone layer hole over Arctic closed

News:European Union’s Copernicus Atmosphere Monitoring Service(CAMS) has announced that a hole in the Arctic ozone layer believed to be the biggest reported over the Arctic has closed. Facts: Ozone Hole:It refers to a region in the stratosphere where the concentration of ozone becomes extremely low in certain months. Reason for Ozone Hole: Cold temperatures (below… Continue reading Explained: How the ozone layer hole over Arctic closed

Chakma and Hajong Communities

News:The Rights and Risks Analysis Group has sought Indian Prime Minister’s intervention in ensuring food for the Chakma and Hajong communities in Arunachal Pradesh. Facts: Chakmas are predominantly Buddhists while Hajongs are Hindus.They were originally the residents of the Chittagong Hill Tracts of East Pakistan(Bangladesh). However, they had to flee to India when their land… Continue reading Chakma and Hajong Communities

Experts Developing Protocol to Test Sewage for Covid-19 Traces

News:A team of experts from the COVID Action Collab (CAC) is exploring ways to treat sewage water to detect traces of coronavirus. Facts: Metabolic waste of COVID-19 patients contain traces of coronavirus. It can be detected through special laboratory tests. Significance: It will help in early detection and subsequently prevent further spread of the virus.… Continue reading Experts Developing Protocol to Test Sewage for Covid-19 Traces

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