Nobel Memorial Prize in Economic Sciences

Context Former Fed Chair Ben Bernanke and two other US economists, Douglas Diamond and Philip Dybvig, were awarded the Nobel Memorial Prize in Economic Sciences. They were recognised for their work over four decades on the role of bank bailouts in financial crises. The work for which Bernanke, Dybvig, and Diamond have been recognised dates […]

Creating Robust Mineral Supply Chains

Context Prime Minister Modi encouraged the country to pursue Aatmanirbharta in energy by focusing on clean energy technologies in his Independence Day address. The article emphasises the importance of securing access to key minerals such as lithium, cobalt, nickel, and rare earth metals, among others, in order to build resilient and indigenous supply chains for […]

Editorials/Opinions Analysis For UPSC 12 October 2022

Editorials/Opinions Analysis For UPSC 12 October 2022 Contents Creating robust mineral supply chains Nobel Memorial Prize in Economic Sciences Creating Robust Mineral Supply Chains Context Prime Minister Modi encouraged the country to pursue Aatmanirbharta in energy by focusing on clean energy technologies in his Independence Day address. The article emphasises the importance of securing access […]

Nobel Prize in Economic Sciences

Context: The Royal Swedish Academy of Sciences has decided to award the 2022 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig “for research on banks and financial crises.” Relevance: Facts for Prelims Dimensions of the Article: Ben S. Bernanke Douglas W. […]

New Chief Justice of India

Context: Chief Justice of India U.U. Lalit nominated Justice D.Y. Chandrachud as his successor in a brief meeting held at the Supreme Court judges’ lounge in the presence of all judges of the court. Relevance: GS II- Polity and Governance Dimensions of the Article: Appointment of the CJI Administrative Powers of CJI (Master of Roster) […]

Allegations Against Google by the NBDA

Context: Recently, the News Broadcasters and Digital Association (NBDA) approached the Competition Commission of India (CCI) against search-engine operator Google, alleging that the latter had deprived them of their justifiable revenue acquired from news dissemination on the tech-giant’s platforms. The complaint would be clubbed with similar cases filed by the Indian Newspaper Society (INS) in February this […]

International Monetary Fund

Context: IMF cuts India’s growth forecast to 6.8% this year. Relevance: GS II: International Relations Dimensions of the Article: Key points: About International Monetary Fund (IMF) Functions of the IMF Key points: According to the International Monetary Fund. The world, including India, will experience an overall slowdown in the next year owing to Impact of […]

Decline in Forex Reserves

Context According to the Reserve Bank of India (RBI), India’s forex reserves have fallen by USD 110 billion in the last 13 months. Relevance: GS III: Indian Economy Dimensions of the Article: What are forex reserves? What does the RBI do with the forex reserves? Current Scenario Causes of Declining Forex Reserves What are forex […]

Current Affairs 12 October 2022

CONTENTS Decline in Forex Reserves International Monetary Fund Allegations against Google by the NBDA Chief Justice of India Nobel Prize in Economic Sciences Decline in Forex Reserves Context According to the Reserve Bank of India (RBI), India’s forex reserves have fallen by USD 110 billion in the last 13 months. Relevance: GS III: Indian Economy Dimensions of the […]