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Current Account Deficit

In News Recently, the current account deficit has hit a 36-quarter high of 3.4 percent of GDP or USD 28.4 billion against a 0.9 percent surplus a year ago. About Current Account Deficit 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 […]

Hedge Fund

Context The term has been in the news. What Is a Hedge Fund? A hedge fund is a limited partnership of private investors whose money is managed by professional fund managers who use a wide range of strategies, including leveraging or trading of non-traditional assets, to earn above-average investment returns. Hedge fund investment is often […]

Hackathon 3.0 ‘’KRITAGYA”

In News Indian Council of Agricultural Research with its National Agricultural Higher Education Project and Crop Science Division is organizing Hackathon 3.0 ‘’KRITAGYA” on promoting ‘speed breeding for crop improvement’. About KRITAGYA  The definition of KRITAGYA is:  KRI for Krishi meaning Agriculture,  TA for Taknik meaning Technology and  GYA for Gyan meaning Knowledge.  In this […]

Ethereum Merger

In News Ethereum, the world’s second most valuable cryptocurrency, has completed a significant software overhaul recently. About Revamping of Ethereum: It is known as ‘The Merge’.  It will cast aside the need for crypto miners and gigantic mining farms, who had previously driven the blockchain under a mechanism called ‘proof-of-work’ (PoW).  Instead, it has now […]

Amendments to Insolvency and Bankruptcy Board of India (IBBI)

In News Recently, the Insolvency and Bankruptcy Board of India (IBBI) has amended the regulations with the objective to maximise value in resolution.  Recent Amendments Sale of assets: IBBI has amended its regulations to allow sale of one or more assets of an entity undergoing the insolvency resolution process. Committee of Creditors (CoC): The Committee […]

Asiatic Caracal

In News  The Caracal is struggling to survive, although both species (Cheetahs) had a similar distribution in the past.  The caracal is on the verge of extinction in India and it is essential to find suitable areas to conserve it About Asiatic caracal  Scientific Name: Caracall caracal schmitzi  It is an elusive medium-sized and locally […]

Surge in Direct Tax Collections

In News Recently, India’s net direct tax collections have crossed 7 lakh crores so far this year which is 23.33% higher than the same period last year signalling a clear post-pandemic rebound in the economy.  Recent data  Corporate taxes inflow is over a half of the collection at 3, 68,484 crores.  Personal Income Tax and […]

Digital Lending and EASE Reform Agenda

In News Recently, PSU banks gave digital lending a push as part of the EASE reform agenda.  About the news   They have cleared digital lending of Rs 83,091 crore in the financial year ending March 2022. As part of EASE 4.0 reforms, state-owned banks were asked to focus on digital lending, co-lending with non-banking firms, […]

National Technical Textiles Mission

In News The Ministry of Textiles recently cleared 23 strategic research projects that fall under the flagship programme ‘National Technical Textiles Mission (NTTM). More about the news The research projects are worth around Rs 60 crores.  Among these 23 Research projects,  12 Projects of Speciality Fibres having application areas in Agriculture, Smart Textiles, Healthcare, Strategic […]

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