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Current Affairs 03 January 2023

CONTENTS Supreme Court’s Verdict on Demonetisation Context: Recently, A majority of four judges on a Constitution Bench of the Supreme Court  found no flaw in the Union government’s process to demonetise ₹500 and ₹1,000 banknotes through a Gazette notification issued on November 8, 2016. Relevance: GS-III: Indian Economy (Fiscal Policy, Government Policies and Initiatives) Dimensions […]

Editorials/Opinions Analysis For UPSC 03 January 2023

Editorials/Opinions Analysis For UPSC 03 January 2023 Contents The New Global Biodiversity Framework Context Member countries adopted the “Kunming-Montreal Global Biodiversity Framework” (GBF) at the 15th Conference of Parties (COP15) of the Convention on Biological Diversity (CBD), which includes four goals and 23 targets to be met by 2030. Relevance: GS Paper-3: Environment, Biodiversity and […]

PIB Summaries 03 January 2023

CONTENTS  Unified Payments Interface Focus: GS III: Indian Economy Why in News? The Prime Minister has lauded fellow Indians for embracing digital payments as India reached a milestone of 782 Crore UPI Transactions worth ₹12.8 Lakh Crore in Dec 2022. What is Unified Payments Interface (UPI)?

International Year of Millets (IYM) 2023

Context: International Year of Millets (IYM) 2023 kick starts with Focussed Activities being undertaken by Central Ministries, State Governments and Indian Embassies. Relevance: GS III: Agriculture Dimensions of the Article: About Millets crop: Advantages of promoting millets About International Year of Millets: Objectives: Millets under PDS Main millets states -Source: Indian Express

Mahatma Gandhi National Rural Employment Guarantee Scheme

Context: The proportion of women workers participating in the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has touched a 10-year high in the financial year 2022-23. According to the latest statistics available with the Union Rural Development Ministry, 57.8% of the workers who used the scheme this year were women, their highest level of […]

What Is A Bad Loan?

Context: Recently, Finance Minister told Parliament that banks had written off bad loans worth ₹10,09,511 crore during the last five financial years. Relevance: GS III: Indian Economy Dimensions of the Article: What is a loan write-off? Why do banks resort to write-offs? What is a bad loan? NPA recognition Why is there a need to […]

About Deepfake Technology

Context: Disinformation and hoaxes have evolved from mere annoyance to warfare that can create social discord, increase polarisation, and in some cases, even influence the election outcome. The disinformation threat has a new tool in the form of deepfakes. Relevance: GS III: Science and Technology Dimensions of the Article: About Deep synthesis What is a […]

Vokkaligas, Lingayats Share in Reservation

Context: Recently, Karnataka has categorized the two dominant communities, Vokkaligas and Lingayats, as “moderately backward” from the “backward” category in a move that could increase their share in reservation for Other Backward Classes (OBC). Relevance: GS II: Polity and Governance Dimensions of the Article: Details: Who are Lingayats? Lingayats have their own religion: Who are […]

About 108th Indian Science Congress 

Focus: GS III: Science and Technology Why in News? Prime Minister will address the 108th Indian Science Congress (ISC) via video conferencing.  About 108th Indian Science Congress (ISC):