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Financial Resolution and Deposit Insurance (FRDI) Bill

In News Recently, the government has started discussions to put in place a resolution mechanism to deal with insolvency of firms in the financial sector.  About A modified version of the Financial Resolution and Deposit Insurance (FRDI) Bill —  which was withdrawn in 2018 due to its controversial provision of bail-in that was perceived as […]

Current account Deficit

In News  India’s current account slipped into a deficit of $9.6 billion or 1.3 per cent of GDP in the September quarter. Current Account Deficit(CAD ) It is the shortfall between the money flowing in on exports, and the money flowing out on imports. It measures the gap between the money received into and sent […]

The rise in India’s wheat exports

In News  India’s wheat exports in terms of volume rose by more than 527 per cent to 3.2 Million Tonne (MT) from 0.51 MT reported during April-October period of 2020-21. India’s cereals exports continue to surge notwithstanding disruption of global supplies because of COVID19 pandemic. Why there is rise in India’s wheat exports? The rise […]

Tiger Deaths in India

In News The National Tiger Conservation Authority (NTCA) has recorded 126 tiger deaths in the year 2021. Key Points The number of deaths is the highest since NTCA began collecting the data a decade ago. Madhya Pradesh has maximum tiger deaths followed by 26 in Maharashtra and 14 in Karnataka. There can be numerous causes […]

Green Hydrogen

In News The government is planning to blend 15 per cent green hydrogen with piped natural gas (PNG) for domestic, commercial and industrial consumption.  About The move is in line with India’s ambitious target of reducing greenhouse emissions and becoming carbon neutral by 2070. This initiative will be part of the government’s National Hydrogen Energy […]

Indian pangolin

In News  The Odisha Forest and Environment Department has completed its first-ever radio-tagging of the Indian pangolin in an attempt to standardise the rehabilitation protocol for the animal in the State. About  Scientific Name: Manis crassicaudata the Indian pangolin is the largest among eight pangolin species.  Description: It has large, overlapping scales on its body […]

‘Faceless Appeal Scheme, 2021’

In News  Recently, The income tax department has revised its faceless appeal scheme. Originally, the scheme was launched in September 2020.  About  ‘Faceless Appeal Scheme, 2021’ It was notified by The Central Board of Direct Taxes (CBDT). Under the previous scheme, a taxpayer’s request for a personal hearing for making oral submissions, required the approval […]

Genome sequencing

Context  Latest genome sequencing in Mumbai finds one-third of samples positive for Omicron. What Is Genome Sequencing? A genome is a complete set of genetic instructions which are present in an organism in its DNA. Sequencing is the sequence of occurrences of the four nucleotide bases i.e., adenine (A), cytosine (C), guanine (G), and thymine […]

FSSAI draft regulations on genetically modified (GM) Food

In News Social activists working among farmers have come out against the Food Safety and Standards Authority of India’s (FSSAI) draft regulations on genetically modified (GM) food. Major Highlights of Draft Regulations:  Labelling: FSSAI had proposed all food products having individual genetically engineered ingredients of 1% or more to be labelled as “Contains GMO/Ingredients derived […]

The International Financial Services Centres Authority (IFSCA)

In News  Recently, International Financial Services Centres Authority (IFSCA) issued a Request For Proposal (RFP) for Supervisory Technology (SupTech) System. About Supervisory technology Supervisory technology (suptech) is the use of innovative technology by supervisory agencies to support supervision.  The SupTech system shall cover administrative, compliance, supervision, and enforcement framework for its regulated entities.  The SupTech […]

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