MONSOON IN SUNDERBANS LIKELY TO GET LONGER, WARN CLIMATE EXPERTS
Why in news? The monsoon in Sunderbans is likely to last longer and get more intense, according to a fact sheet titled The Sunderbans and Climate Change More about the report Climate specialists have predicted that as climate change progresses, monsoon seasons in the Sundarbans will become longer and more intense. Conversely, drought conditions will also […]
VIVAD SE VISHWAS SCHEME
Introduction of the Vivad Se Vishwas scheme during budget speech with a view to “provide for resolution of pending tax disputes.” The scheme was introduced after the success of the “Sabka Vishwas Scheme,” which was introduced to reduce indirect tax disputes. It provides waiver from interest and penalty. The bill shall apply to all the […]
GURMUKHI SCRIPT
Why in news? Punjab govt. signboards to be in Gurmukhi Details: Gurmukhi is an abugida developed from the Laṇḍā scripts, standardized and used by the second Sikh guru, Guru Angad (1504–1552). Commonly regarded as a Sikh script, Gurmukhi is used in Punjab, India as the official script of the Punjabi language Gurmukhi evolved in cultural […]
NEW SOLAR ENERGY PARK TO COME UP IN RAJASTHAN’S JAISALMER
Context and Details: A new 925 MW solar energy park will come up shortly at Nokh in Rajasthan’s Jaisalmer district The agreement is likely to bring an investment of ₹ 4,000 crore to the State While the NTPC Limited will develop solar photovoltaic projects in the park at an estimated investment of ₹3,500 crore, the […]
SCIENTISTS OPPOSE STUDY INTO ‘QUALITIES’ OF INDIGENOUS COWS
According to a concept note on the DST website SUTRA-PIC or ‘Scientific Utilization Through Research Augmentation Prime Products from Indigenous Cows’, has five themes: Uniqueness of Indigenous Cows Prime products from Indigenous Cows for Medicine and Health Prime products from Indigenous Cows for Agricultural Applications Prime products from Indigenous Cows for Food and Nutrition Prime […]
FOREX RESERVES RISE TO RECORD $476 BILLION
Why in News? The country’s foreign ex Mumbai change reserves swelled by $3.091 billion to a lifetime high of $476.092 billion in the week to February 14, mainly due to a rise in foreign currency assets, according to RBI data The Foreign exchange reserves of India consists of below four categories: Foreign Currency Assets Gold […]
PAKISTAN RETAINED IN FATF’S GREY LIST
Why in news? Pakistan has been retained on the “grey list” of the Financial Action Task Force (FATF) for another four months, with a stern warning from the global watchdog that met in Paris (February 19-21) to complete the 27-point action plan it has been given by June 2020 or face being put on the “black list” […]
ECONOMY NEEDS MORE MONETARY STIMULUS: RBI GOVERNOR
Why in news? Economy needs a further monetary stimulus, thus indicating that the central bank was open to cutting interest rates as Green shoots are visible While the macroeconomy needs further monetary stimulus, the inflation outlook continues to be uncertain Considering the overall evolving growth inflation situation, it would be prudent to continue the focus […]
ARTICLE 371
Why in news? Union Home Minister told that Centre won’t dilute Article 371 Background/details Most of the States that have been accorded special provisions under Article 371 are in the northeast and the special status aims to preserve their tribal culture. Article 371(A) states that no act of Parliament shall apply to the State of […]
SC PASSES INTERIM ORDER ON MAHADAYI TRIBUNAL’S AWARD
Why in news? The Supreme Court passed an interim order allowing an application by the State of Karnataka to notify the Mahadayi Water Dispute Tribunal’s award. The implementation of the award would, however, be subject to the final judgment of the Supreme Court in the civil appeals filed by Karnataka, Goa and Maharashtra, challenging the […]