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Society for Worldwide Interbank Financial Telecommunication (SWIFT)

In News  The U.S., Europe and several other western nations are moving to exclude Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT). What is SWIFT? SWIFT is a messaging network used by banks and financial institutions globally for quick and faultless exchange of information pertaining to financial transactions.  SWIFT was founded in the […]

Market Infrastructure Institutions (MII)

In News  Recently, Securities and Exchange Board of India (SEBI) noted that the National Stock Exchange (NSE) was a systemically important market infrastructure institution (MII). Background  The National Stock Exchange (NSE), the country’s largest equities and derivatives exchange, was fined earlier this month for laxity in governance pertaining to actions taken during the tenure of […]

P-8I Aircraft

In News  Aircraft manufacturer Boeing has delivered the 12th P-8I long-range maritime patrol aircraft to the Indian Navy.  The P-8I is an integral part of the Indian Navy’s fleet and has surpassed 35,000 flight hours since it was inducted in 2013.” About  The P-8I aircraft is a variant of the P-8A Poseidon aircraft that Boeing […]

Trade-Related Aspects of Intellectual Property Rights (TRIPS) Waiver

In News India, with South Africa, piloted a proposal to waive key provisions of the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement on Covid-19 vaccines, drugs, therapeutics, and related technologies. Trade-Related Aspects of Intellectual Property Rights (TRIPS) About: The TRIPS agreement is part of the international legal order on trade enshrined in the World […]

Minimum Support Price

In News Round the year, India’s farmers produce a host of agricultural commodities such as paddy in the kharif season or wheat in the rabi season. For the most part, farmers sell their produce in the market. About MSP Meaning The MSP for a crop is the price at which the government is supposed to […]

Black carbon (BC)

In News Black carbon (BC) concentration in Antarctica is considerably higher around research stations and popular tourist destinations than other parts of the continent, according to a new report. About Meaning It is a component of fine particulate matter. Black carbon consists of pure carbon in several linked forms. It is formed through the incomplete […]

Sea Cucumber

In Context Indian Coast Guard seized live Sea Cucumbers about 120 nautical miles off Kavaratti Island in Lakshadweep. What is a Sea Cucumber? They are an important constituent of the marine ecosystem as they play an important role in maintaining the health of the ecosystem.  It has no limbs or eyes, or blood. There are […]

Bihar’s first floating power plant

In Context  Bihar Renewable Energy Development Agency (BREDA) is set to commission the state’s first two MW floating solar power plant in Darbhanga. About the project The government has taken this initiative on an experimental basis.  If the experiment is successful, the same work will be carried out at other places.  The Darbhanga power station […]

Quantum Key Distribution (QKD)

In News Recently, a joint team of experts from the Defence Research and Development Organisation (DRDO) and Indian Institute of Technology (IIT) Delhi demonstrated the Quantum Key Distribution (QKD) link. Latest Development About:  It was done for a distance of over 100 kilometres between Prayagraj and Vindhyachal in Uttar Pradesh.. The technological breakthrough of demonstrating […]

Fair and Remunerative Prices (FRP)

In News  Recently, Maharashtra allowed payment of Fair and Remunerative Prices (FRP) in two instalments. About Fair and Remunerative Prices (FRP) The concept of Statutory Minimum Price (SMP) of sugarcane was replaced with the ‘Fair and Remunerative Price (FRP)’ of sugarcane for 2009-10 and subsequent sugar seasons with the amendment of the Sugarcane (Control) Order, […]

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