Category: Current Affairs
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Things No one tells about the Nobel Prizes
“The story of Nobel Prize is like a tragedy, where the Hero losses after winning it all” The announcement for the 2014 Nobel Prize winners was made recently. The prefix ‘Nobel laureate’ gives an impression about the great achievement and contributions of the person or organization to the human society. However, the story of the…
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Open Letter by Economists to The Prime Minister on MNREGS. Read Here
Below is the content of the Open Letter Written by Economists expressing concerns about the new governments moves on diluting MNREGS. This letter has been signed by Dilip Abreu, Pranab Bardhan, V Bhaskar, Ashwini Deshpande, Jean Drèze, Maitreesh Ghatak, Jayati Ghosh, Deepti Goel, Ashok Kotwal, S Mahendra Dev, Dilip Mookherjee, R Nagaraj, Sudha Narayanan,…
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How to Choose the state cadre options in DAF : Be Wise
If you are reading this, you are probably looking forward to filling in your Detailed Application Form (DAF) – the multipage form wherein you need to fill in your service preferences as well as your state cadre preferences for IAS & IPS. First, Congratulations on clearing the first hurdle called Prelims. Second, the journey has…
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The inventors of blue LED lights just won the Nobel Prize. Here’s why.
The 2014 Nobel Prize in physics was awarded to Isamu Akasaki, Hiroshi Amano and Shuji Nakamura — three scientists who helped develop blue light-emitting diodes, or LEDs, in the early 1990s. Take it this way. The white light is made up of three colors – Red, Yellow & Blue – called the primary colours. When the three…
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How to & why should one read Pratiyogita Darpan?
Pratiyogita Darpan is a monthly current affairs magazine for Civil Services and other competitive examinations. It is freely available over the Internet, and can be downloaded as pdf file. Why should I read Pratiyogita Darpan? Because it is a good magazine, in the first place. Secondly, most aspirants make newspaper notes between Prelim and Mains…
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Cheque Truncation System (CTS) Explained
What is Cheque Truncation (CTS) ? Cheque Truncation System (CTS) is used by the banks to stop the movement of a physical cheque from the bank where it is presented to the bank which had issued it. Under this system, an electronic image of the cheque is transmitted to the drawee branch along with the necessary…
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What are Non-Performing Assets? – Clear your Concepts in 2 Minutes
NPAs have been in news for sometime now, with concern expressed by the RBI, Finance Minister as well as rating agencies. What are Non Performing Assets? Non Performing Assets (NPAs) are the debts for which the bank has not received any interest or principal repayment for an extended period of time. Since no income accrues…
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Generic Drug, TRIPS India-USA
In the last few months, there have been regular reporting by The Hindu on the Issue of Indian Pharmaceutical Industry- one of the leading Indian industry sectors being subjected to several regulations by the US. This possess the potential to affect negatively the growing Indian Pharma sector in long term. And if that happens the…
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Portfolio Investment to Attract Inflow of Foreign Currency
Definition of ‘Portfolio Investment’ A portfolio investment is a passive investment in securities, which entails no active management or control of the securities by the investor. A portfolio investment is an investment made by an investor who is not particularly interested in involvement in the management of a company. The purpose of the investment is…