Archives: Current Affair

Why in News?  India has become chair of the Colombo Process for the first time since its inception in 2003. The Colombo Process is a regional forum for Asian countries that send migrant workers abroad. It provides a platform for these countries to: Share experiences and best practices on managing overseas employment and contractual labor. […]

Why in News? In a first since early 1991, over 100 tonnes (1 lakh kilograms) of gold have been moved by the Reserve Bank of India (RBI) from the UK to its vaults in India. As per the report , a similar quantity of gold may head into the country in coming days. How RBI’s […]

The “Chip 4” or “Fab 4” alliance is a group of countries aiming to cooperate on semiconductor (chip) production and supply chains. Members: The alliance consists of the United States, Japan, South Korea, and Taiwan. These countries are powerhouses in the semiconductor industry: The US has major chip design companies like Intel, AMD, and Nvidia. […]

South Korean government has ordered the companies that if they are doing Shrinkflation then they have to mention it clearly on product label for 3 months. Otherwise, Government will impose penalty. Shrinkflation is a sneaky way for manufacturers to raise prices without explicitly increasing the price tag. The Scam: Manufacturers reduce the quantity of a […]

Truck farming and dairy farming are two distinct agricultural practices with significant differences in their operation, products, and impact. Let’s delve into the details: Production Focus Truck Farming: Focuses on growing high-value crops like fruits, vegetables, and flowers for a quick turnaround. These crops are typically perishable and require fast transportation to market. Dairy Farming: […]

The Global Cooling Pledge is an initiative launched by the United Arab Emirates during their hosting of the 2023 UN Climate Change Conference (COP28). It’s part of a larger push for international cooperation on climate change. India not a Signatory. Goals Reduce Cooling Emissions: The primary aim is to collectively cut cooling-related emissions by at […]

The UAE announced the launch of Alterra, a groundbreaking US $30 billion investment fund for transformative climate partnerships at COP28, providing a major impetus to finance the energy transition on the second day of the UN climate summit. The launch of the investment vehicle is a “defining moment” in the history of global climate finance, […]

Why in News ? The RBI  has launched three major initiatives, including a mobile app, to enable retail investors to participate in the government securities (G-Secs) market. These  3 initiatives are PRAVAAH portal , Fintech  & EmTech Repositories. About  PRAVAAH portal : The Reserve Bank of India (RBI) launched the PRAVAAH portal in April 2023. […]

Why in News ?  : Rocket Lab’s Electron rocket recently  lifted off from Launch Complex 1 at Māhia, New Zealand  carrying a small satellite for NASA’s PREFIRE (Polar Radiant Energy in the Far-InfraRed Experiment) mission. About  the Pre Fire Mission : NASA’s Pre-Fire Mission, also referred to as the Polar Radiant Energy in the Far-InfraRed […]

Why in News ? Major Radhika Sen, an Indian military peacekeeper who served with the United Nations (UN) mission in the Democratic Republic of Congo, will be honoured with the 2023 UN Military Gender Advocate of the Year Award. Sen is the second Indian to win this award since its inception in 2016. About Major […]