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Credit Suisse Crisis

In News Recently, the share price of Credit Suisse has hit an all-time low. About Credit Suisse crisis It was founded in 1856 to fund the development of Switzerland’s rail system. It is one of the oldest and historically one of the most influential banks in the world. It is based in Switzerland. Credit Suisse […]

Impossible Trinity

In News  The Impossible Trinity or  trilemma has come under focus recently as the U.S. The Federal Reserve has been raising interest rates to fight rising prices. About Impossible Trinity It refers to the idea that an economy cannot pursue independent monetary policy, maintain a fixed exchange rate, and allow the free flow of capital […]

Codex Committee on Spices and Culinary Herbs (CCSCH)

In News  The Codex Committee on Spices and Culinary Herbs (CCSCH) has finalised and recommended quality standards for nutmeg, saffron, chilli-peppers, and paprika during its sixth session. About CCSCH It was formed in 2013 with support of more than a hundred countries with India as the host country and Spices Board as the Secretariat for […]

Quality Council of India (QCI)

In News  The Union Minister of Commerce and Industry asked the Quality Council of India (QCI) to strive to bring about convergence of all the various quality and standards organisations in the country About Quality Council of India (QCI) It was established as a National body for Accreditation on recommendations of the Expert Mission of […]

Strengthening the CSR Framework

Growth and related issues In News Recently, the opinion has emerged that Strengthening the Corporate Social Responsibility (CSR) framework is a profitable idea. Data of CSR participation of companies Rise in spending: Ever since the establishment of the Corporate Social Responsibility (CSR) regime in India (under Section 135 of the Companies Act 2013), CSR spending […]

Moonlighting

In News Moonlighting has been a controversial topic in recent months after a few companies sacked their employees citing it as a reason.  More about Moonlighting What is Moonlighting? Moonlighting — or employees working for remuneration with entities other than their employers. Moonlighting is neither new nor unusual.  The practice has been around for a […]

Poverty and Shared Prosperity Report 2022

In News Recently, the World Bank has released the report titled Poverty and Shared Prosperity 2022: Correcting Course. Major Highlights of the report Poverty The world is unlikely to meet the goal of ending extreme poverty by 2030. 70 million people were plunged into poverty in 2020, the largest one-year increase since global poverty monitoring […]

Sugar Production in India

In News India overtakes other countries to become the world’s largest producer, consumer of Sugar, and second largest exporter of sugar. Key Points Production:  A record amount of sugarcane—more than 5000 Lakh Metric Tons (LMT)—was produced in the nation during the sugar season Oct. to Sep. (2021–22), of which around 3574 LMT was crushed by […]

Nobel Prize in Physics

Context Recently, the Nobel Prize in Physics for 2022 was awarded to Alain Aspect, John F. Clauser and Anton Zeilinger for their work on quantum mechanics. About The 2022 Nobel Prize in Physics has been awarded “for experiments with entangled photons, establishing the violation of Bell inequalities, and pioneering quantum information science.”  Quantum mechanics is […]

Nobel Prize in Chemistry

In News Recently, the Nobel Prize in chemistry for 2022 was awarded to Carolyn R. Bertozzi, Morten Meldal and K. Barry Sharpless. The three have been awarded for their work in ‘click chemistry’. Click Chemistry Click chemistry is utilized in the development of pharmaceuticals, for mapping DNA and creating materials that are more fit for […]

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