Daily Current Affairs – 5 August, 2022

In News  (LIBOR) rose for the fourth straight session, rising roughly 2.5 basis points to 2.83229%, the highest since November 2008.  What Is London Interbank Offered Rate (LIBOR)? It is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans. It serves as a […]

In News Recently, the Lok Sabha passed a bill to grant statutory cover to already established family courts in Himachal Pradesh and Nagaland.  The Family Courts (Amendment) Bill, 2022 About:  The Bill amends the Family Courts Act, 1984.  The Act allows state governments to establish Family Courts.  The central government is empowered to notify dates […]

In  Context  Over the last few weeks, nearly 3,000 cattle have died in Rajasthan and Gujarat due to a viral infection called the Lumpy Skin Disease (LSD).  Lumpy Skin Disease About: It is caused by a virus called the Capripoxvirus and is “an emerging threat to livestock worldwide”.  It is genetically related to the goatpox […]

In News Recently, Suresh N. Patel was sworn in as Central Vigilance Commissioner. About Central Vigilance Commissioner Santhanam Committee:  It was set up by the Government of India (Ministry of Home Affairs) vide Resolution in 1964 on the recommendation of the Santhanam Committee. Prevention of corruption: It is an apex body for the prevention of corruption […]

In News  The Prime Minister of India inaugurated and laid the foundation stone of various projects of the Shrimad Rajchandra Mission worth more than 300 crore rupees at Dharampur in Gujarat.  About Shrimad Rajchandra Mission Shrimad Rajchandra Mission Dharampur is a spiritual movement for inner transformation through wisdom, meditation and selfless service.  Founded by Pujya […]

In News Recently, Indigenously developed Laser-Guided Anti-Tank Guided Missiles (ATGM) were successfully test-fired from Main Battle Tank (MBT) Arjun. More about Anti-Tank Guided Missiles (ATGM) About: It is a guided missile primarily designed to hit and destroy heavily armored military vehicles.  Sizes: ATGMs range in size from shoulder-launched weapons, which can be transported by a […]

In News Recently, India has shown interest in joining the USA-led Minerals Security Partnership (MSP).  More about the partnership Minerals Security Partnership (MSP) is a US-led partnership initiative that aims to bolster critical mineral supply chains. The new grouping is aimed at catalysing investment from governments and the private sector to develop strategic opportunities. The […]

In News A new round of talks on the revival of a 2015 nuclear deal between Iran and world powers has begun in Vienna. More about the news Iran signed the nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), with world powers in July 2015. JCPOA agreed to curb Iran’s nuclear […]

In News Recently, the IMF released its 2022 External Sector Report. Major highlights/ recommendations of the report Fiscal and monetary policy stimulus The International Monetary Fund (IMF) suggested India withdraw fiscal and monetary policy stimulus gradually. Economic stimulus is action by the government to encourage private sector economic activity by engaging in targeted, expansionary monetary […]

In News Recently, the Union Government admitted that over 9 million beneficiaries did not refill cylinders last year due to high prices of LPG. About the recent data Beneficiaries: 16.5 million Beneficiaries took 0-1 refills in 2017-18, 41.4 million in 2018-19. 32.4 million In 2019-20 and 7.7 million in 2020-21.  The number of beneficiaries who […]