Current Affairs 10 March 2022

CONTENTS

1. UPI123Pay: Payment solution for feature phone users
2. Looming oil crisis
3. Pal-Dadhvav massacre
4. National Land Monetisation Corporation (NLMC)

UPI123Pay: Payment Solution For Feature Phone Users

Context:

Recently, the Reserve Bank of India launched a new Unified Payments Interface (UPI) payments solution for feature phone users dubbed ‘UPI123Pay’.

Relevance:

GS III- Indian Economy (Money and Banking)

Dimensions of the Article:

1. What is Unified Payments Interface (UPI)?
2. How does the new solution work?
3. How will users make payments without internet?
4. Do other countries have something similar?

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Looming Oil Crisis

Context:

Recently, United States President announced a ban on all crude oil and natural gas imports from Russia into the US even as the Ukraine conflict intensified, while the UK announced that it would phase out imports of Russian oil by the end of the year.

• These moves will further increase crude oil prices, which in turn will stoke inflation across the world — particularly in the US and its allied nations in Europe, which are already reeling from inflation rates that are at their highest in decades.

Relevance:

GS II- International Relations

Dimensions of the Article:

1. Why were oil prices rising even before the Ukraine crisis?
2. How big a player is Russia in the global oil market?
3. Can strategic reserves not help meet the gap?
4. Is there a difference in the dependence of the US and its European allies on Russian energy imports?

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Pal-Dadhvav Massacre

Context:

Recently,  the Gujarat government marked 100 years of the Pal-Dadhvav killings, calling it a massacre “bigger than the Jallianwala Bagh”. Before this, the incident had been featured on the state’s Republic Day tableau.

Relevance:

GS II- History

Dimensions of the Article:

1. About Pal-Dadhvav massacre:
2. Who was Tejawat
3. Tribal population

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National Land Monetisation Corporation (NLMC)

Context:

The Union Cabinet has approved the setting up of a new government-owned firm National Land Monetisation Corporation (NLMC) for pooling and monetizing sovereign and public sector land assets.

Relevance:

GS II- Indian Economy

Dimensions of the Article:

1. What is NLMC?
2. How will it function?
3. Significance

Click Here To Read More: National Land Monetisation Corporation (NLMC)ss