Daily Current Affairs – 18 May, 2022

In News  The Ministry of Defence launched two frontline warships of the Indian Navy – ‘Surat’ and ‘Udaygiri’ – at Mazagon Docks Limited (MDL).  About  ‘Surat’ is the fourth Guided Missile Destroyer of P15B class, while ‘Udaygiri’ is the second Stealth Frigate of P17A class.  Both warships have been designed in-house by the Directorate of […]

In News Recently, analysts expect the RBI to hike repo rates against the backdrop of high retail inflation. About Repo rate Meaning The repo rate is one of several direct and indirect instruments that are used by the RBI for implementing monetary policy. Specifically, the RBI defines the repo rate as the fixed interest rate […]

In News Several cases of monkeypox have been reported from the United Kingdom by health agencies. As per the WHO the cases are found close to tropical rainforests where there are animals that carry the virus. Monkeypox About:  Monkeypox is a viral zoonotic disease that occurs primarily in tropical rainforest areas of Central and West […]

In News  The Minister of Commerce and Industry chaired the 4th meeting of National Startup Advisory Council (NSAC) in New Delhi.  National Startup Advisory Council (NSAC) About: It was constituted by the Department for Promotion of Industry and Internal Trade (DPIIT) to advise the government on measures needed to build a strong ecosystem for nurturing […]

In Context  The term ‘Stagflation’ oftenly mentioned in the news in recent time. What is Stagflation? About: It refers to an economic situation marked by stagnant economic output and high price inflation.  The idea became popular during the 1970s when the U.S. economy witnessed high price inflation due to the oil shock as well as […]

In News India topped air pollution death toll in 2019, according to a recent report on pollution and health published in The Lancet Planetary Health. Highlights of the Report Global Scenario:  According to the report, Air pollution alone contributes to 66.7 lakh deaths globally. Comparative to the previous analysis from 2015. Overall, pollution was responsible […]

In News ‘Fostering Effective Energy Transition 2022’ report by World Economic Forum (WEF) has called for urgent action by both private and public sectors to ensure a resilient energy transition. About The report builds on the trends from the Energy Transition Index to provide recommendations on how to navigate the transition through a turbulent macroeconomic […]

In News Recently, the Ministry of Commerce and Industry allows exporting wheat consignments registered with customs authority prior to ban order.  About Present status of India’s wheat exports India is the world’s second-biggest wheat producer. India banned exports of wheat on May 13: the Directorate General of Foreign Trade (DGFT) issued a notification banning exports […]

In News Recently, while addressing the heads of countries at the second global COVID-19 summit, the Indian PM once again brought up the issue of reforming the World Health Organisation. First Global COVID virtual Summit hosted by President Biden in 2021. World Health Organisation (WHO) It is a specialised agency of the United Nations with […]

In News  Recently, the World Health Organisation (WHO) and UNICEF published a Global Report on Assistive Technology .  Assistive Technology  It is an umbrella term covering the systems and services related to the delivery of assistive products and services. Assistive products maintain or improve an individual’s functioning and independence, thereby promoting their well-being. Hearing aids, […]