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PIB Summaries 23 May 2024

Contents: Buddha Purnima Focus: GS I- History Why in News? The President of India greets the nation on the eve of Buddha Purnima. Buddha Purnima: It is a celebration of Buddha’s birthday and, for some Buddhists, marks his enlightenment (when he discovered life’s meaning). Buddha Purnima is also known as Wesak (Vesak) or Buddha Day. […]

About the Pig Butchering Scam

Context: An online financial fraud called Pig Butchering Scams are increasing across the globe, including in India. Relevance: Facts for Prelims About the Pig Butchering Scam How It Is Carried Out -Source: The Economic Times  

India Contemplates Free Trade Agreement with EAEU

Context: India is “seriously considering” initiating discussions for a free trade agreement with the Eurasian Economic Union (EAEU), as announced by the Foreign Minister of Belarus during his recent two-day visit to India. Relevance: GS II: International Relations About the Eurasian Economic Union (EAEU) Objectives Structure Key Characteristics -Source: Times of India

Supreme Court Orders Closure of Mines Near Sariska Tiger Reserve

Context: Recently, the Supreme Court directed the Rajasthan government to close 68 mines operating within a 1-kilometre radius of the critical tiger habitat (CTH) in the Sariska reserve. Relevance: GS III: Environment and Ecology Dimensions of the Article: About Critical Tiger Habitat (CTH) Key Facts about Sariska Tiger Reserve Project Tiger Introduction: Objectives: Implementation: Success […]

Lab-grown Diamonds (LGDs)

Context: India is playing a significant role in the lab-grown diamond industry, positioning itself as the world’s second-largest producer of precious stones created in laboratories rather than extracted from the earth. Relevance: GS III: Science and Technology Dimensions of the Article: What are lab grown diamonds? How are LDGs produced? What are Lab-Grown Diamonds (LDGs) […]

Serum Institute of India Ships Malaria Vaccines to Africa

Context: Recently, Pune-based Serum Institute of India (SII) announced that the shipment of its first batch of R21/Matrix-M malaria vaccines to Africa. According to the World Health Organization (WHO), nearly half a million children die from malaria annually in Africa, which accounted for 94% of the global malaria cases (233 million) and 95% of the […]

Supreme Court Rulings on Professional Services Under CPA

Context: The Supreme Court ruled that lawyers, as professionals, cannot be subjected to legal proceedings for providing faulty services under the Consumer Protection Act 2019 (CPA). Relevance: GS II: Polity and Governance Dimensions of the Article: What is the Consumer Protection Act (CPA)? What Did the Apex Court Rule in Indian Medical Association vs V […]

RBI’s Proposed Framework to Administer Project Financing

Context: To enhance the current regulatory framework governing long-gestation period financing for infrastructure, non-infrastructure, and commercial real estate projects, the RBI released draft regulations for public consultation earlier this month. Feedback on the draft regulations is invited until June 15. Relevance: GS3- Mains Question: Infrastructure projects typically have extended gestation periods, increasing the likelihood of […]