Archives: Current Affair

July 31, 2024

What is Woody Encroachment ?

Increasing tree cover is often seen as a positive outcome of biodiversity conservation and a much-needed effort to combat climate change. What happens, then, if tree cover increases in areas that historically hosted a different habitat? In a study published on June 5 in the journal Global Change Biology, scientists from the Universities of Witwatersrand, Cape […]



July 30, 2024

Report on Currency and Finance (RCF) for 2023-24 : RBI

Why in News?  The RBI has  recently  released the Report on Currency and Finance (RCF) for 2023-24: Key points of the report : digitalisation-induced changes in the behaviour of consumers and financial intermediaries can have implications for monetary policy. Digitalisation can also create a more complex and interconnected financial system with implications for financial stability. […]



July 30, 2024

What are Impulsive spending and herd behavior?

Impulsive spending and herd behavior are two distinct economic concepts that can significantly influence consumer behavior and market dynamics. Impulsive Spending Definition: Impulsive spending refers to the act of making unplanned, spontaneous purchases without prior intention or consideration of the consequences. It often involves buying items on a whim, driven by emotions, advertising, or immediate […]



July 30, 2024

Uttar Pradesh Prohibition of Unlawful Conversion of Religion (Amendment) Bill, 2024

Why in News?  Increasing the maximum punishment from 10 years to life imprisonment; widening the ambit to allow any person to file a complaint; making bail more difficult — these are among the key changes proposed in the Uttar Pradesh Prohibition of Unlawful Conversion of Religion (Amendment) Bill, 2024, tabled in the Assembly . Saying […]



July 29, 2024

State of the World’s Forests 2024:

Fires in 2023 emitted 6,687 megatons of carbon dioxide globally, more than double the emissions contributed by European Union A new report released by the Food and Agriculture Organization (FAO) of the United Nations on July 22, 2024 has brought both relief and concern regarding the state of the world’s forests. While the rate of […]



July 29, 2024

United Nations’ State of Food Security and Nutrition in the World (SOFI): 2024

More than half of India’s total population (55.6 per cent) is unable to afford a healthy diet, according to the United Nations’ State of Food Security and Nutrition in the World (SOFI) report published on July 24, 2024. Although this proportion has seen a continuous decline (except in 2020 when the COVID-19 pandemic stuck), it was still higher […]



July 29, 2024

What is the right to be forgotten?

The “right to be forgotten” is the concept that an individual’s personal data stored by an organization or service provider has to be erased on the individual’s request. It is a legal right granted under the General Data Protection Regulation (GDPR), which protects the personal data of individuals in the European Union (EU). However, the right to be […]



July 27, 2024

New heritage sites

The Charaideo Maidam in Assam has been added to the UNESCO World Heritage Site list under the cultural property category. This decision was made during the 46th session of the World Heritage Committee in Delhi.   UNESCO’s World Heritage Sites are places of significant cultural or natural importance, recognized for their outstanding universal value to humanity. The […]



July 25, 2024

What is Capital gains tax ?

Capital gains tax is a tax on the profit realized from the sale of a non-inventory asset. The gain is calculated as the difference between the sale price and the purchase price of the asset. Capital gains can be classified into short-term and long-term, depending on how long the asset was held before selling. Types […]



July 25, 2024

India’s elderly population expected to double by 2050: UNFPA

The elderly population of India is expected to double by 2050, according to United Nations Population Fund (UNFPA) India chief Andrea Wojnar. This includes the factors of India’s youthful population, ageing population, urbanisation, migration, and climate resilience. the number of individuals who are 60 years of age and above is projected to double to 346 […]



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Current Affair | Vaid ICS Institute - Part 104