In News At COP27 India, China, Brazil, South Africa opposed the ‘carbon border tax’. About Carbon Border Adjustment Tax The European Union has proposed a policy — called the Carbon Border Adjustment Mechanism — to tax products such as cement and steel that are extremely carbon intensive, with effect from 2026. It is a duty […]
In News Recently, the Lancet has released a report which shows how climate change is affecting global health. Major Highlights of the report Global phenomenon: Climate change is not an isolated incident or occurrence, but a global phenomenon, leaving its impact on almost every aspect of life, sweeping in its train nations across the world, […]
In News Recently, the Union Finance Ministry told the Supreme Court (SC) that demonetisation in 2016 led to a phenomenal growth in digital transactions, shrunk fake currency and saw more income tax payers. Government’s Response to SC Impact of Demonetisation: Bridging formal informal divide: The withdrawal of ?500 and ?1000 banknotes, which had at the […]
In News Recently, some of the political parties are promising to switch to the Old Pension Scheme. Comparison between the Old and New system Old System Pension to government employees at the Centre as well as states was fixed at 50 per cent of the last drawn basic pay. New System New pension system came […]
In News Ministry of Home Affairs, Government of India is organising the 3rd Ministerial ‘No Money for Terror’ Conference on 18th and 19th of November in New Delhi. About No Money For Terror (NMFT) conference It aims to progress the discussions on combating terrorist financing held by the international community in the previous two Conferences […]
In News The Reserve Bank of India (RBI) has allowed the opening of nine Special Vostro Accounts with two Indian lenders — UCO and IndusInd Bank — to facilitate overseas trade in rupee. About Vostro account It is an account that a domestic bank holds for a foreign bank in the domestic bank’s currency — […]
In News Recently, the President of India visited Ulihatu village in Jharkhand on the Janjatiya Gaurav Divas and paid respects before the statue of Bhagwan Birsa Munda. Key Points The history of freedom struggle also includes several streams of struggles by the tribal communities. Bhagwan Birsa Munda and Sidhu-Kanhu of Jharkhand, Tantia Bhil and Bhima […]
In News Recently, Some activists approached the Supreme Court to ban Genetically-Modified (GM) food crops — Dhara Mustard Hybrid-11 (DMH-11) for various reasons. About Genetically Modified Crops A Genetically Modified Organism (GMO) is any living organism whose genetic material has been modified to include certain desirable techniques. Genetic modification has previously been used for the […]
In News Six Marwari horses have been exported from Jodhpur to Bangladesh where they will be used for carrying the cart of Bangladesh’s President. About Marwari horse The Marwari horse breed originated in the Marwar region of Rajasthan, where hot arid desert conditions present a unique ecosystem. Marwari horses are one of the finest breeds […]
In Context Roche’s Alzheimer’s drug candidate could not be shown to slow dementia progression in two drug trials. About The twin studies, known as Graduate 1 and 2, had not reached their main goal of showing that the drug gantenerumab could preserve abilities such as remembering, solving problems, orientation and personal care in patients suffering […]
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