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Digital Currency

In News  Over seven per cent (7.3%) of India’s population owns digital currency, according to the UNCTAD. More In News  The use of cryptocurrency rose globally at an unprecedented rate during the COVID-19 pandemic. Ukraine topped the list with 12.7 per cent, followed by Russia (11.9 percent), Venezuela (10.3 percent), Singapore (9.4 per cent), Kenya […]

African ‘orphan’ Crop

In News Recently, Researchers have identified genes in Africa’s local food crops that can improve resistance to drought. About Orphan crops Meaning: Orphan crops are nutritious local food crops that could play a crucial role in combating hunger.  These crops are not traded internationally but have adapted themselves to grow in harsh weather conditions.  Crops: […]

Butterfly Mine

In News  In the ongoing Russia-Ukraine war, Russia is alleged to have used the controversial ‘Butterfly Mine’ which is an anti-personnel mine and is deployed to deter the freedom movement of the forces along the enemy line. About  The PFM-1 and PFM-1S are two kinds of anti-personnel landmines that are commonly referred to as ‘Butterfly […]

US Inflation Reduction Act (IRA) 2022

In News Recently, the U.S. Senate approved a Bill titled the Inflation Reduction Act (IRA) 2022.  Key Highlights About:  IRA has a special focus on climate, healthcare, and tax provisions to address inflation. Aim:  The Bill marks the largest American investment aimed toward making the U.S. a leader in clean energy.  To bolster the domestic […]

Global Employment Trends for Youth 2022

In News Recently, the Global Employment Trends for Youth 2022 report was released by the International Labour Organisation. Major Highlights of the report  Working-hour and Employment losses India experienced severe working-hour and employment losses in 2020 and 2021 and Indian youth employment deteriorated in 2021 compared to 2020. The recovery in youth employment is still […]

Blue Bonds

In News Recently, markets regulator Securities and Exchange Board of India (SEBI) has proposed the concept of blue bonds as a mode of sustainable finance. About Such securities can be utilised for various blue economy-related activities, including oceanic resource mining and sustainable fishing.  SEBI has suggested strengthening the framework for green bonds by amplifying the […]

Corporate Social Responsibility (CSR)

In News Coal companies carry out various programmes and activities through their Corporate Social Responsibility (CSR) funds benefit the peripheral areas around coal mines.  Corporate Social Responsibility (CSR) The CSR concept in India is governed by Section 135 of the Companies Act, 2013, Schedule VII of the Act and Companies (CSR Policy) Rules, 2014.  The […]

Cooperatives on GeM portal

In News Over 300 cooperatives have been onboarded as buyers on the GeM portal to enable them to purchase goods and services at competitive prices. In the first phase, all eligible cooperatives with a turnover and deposits of ?100 crore will be able to start placing orders on the GeM portal. Why this move? It […]

Open Network for Digital Commerce (ONDC)

In News The US firm Microsoft has become the first big tech company to join the Open Network for Digital Commerce (ONDC). About ONDC: Launched by DPIIT It is a not-for-profit organisation that will offer a network to enable local digital commerce stores across industries to be discovered and engaged by any network-enabled applications.  It […]

India’s Target of $5 Trillion Economy

In News India aims to achieve the target of a $5 trillion economy by 2025 & $10 trillion by 2033-34. We are now $3.3 trillion as per the data. More about the news There are mixed opinions about India’s economic potential for target achievement. A study conducted by the National Council of Applied Economic Research […]

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