Archives: Current Affair

M Venkaiah Naidu writes: Don’t disrupt the House of debate Article Published : The Indian Express ( 09/12/2024) Important for –GS 2/GS IV/Essay Gist/ Summary of the Article: Decline in Parliamentary Standards: Recent disruptions in Parliament and state legislatures undermine democratic functioning and public trust. Instances like unruly behavior, sloganeering, and lack of decorum detract […]

Origins (Pre-2011) Syria was ruled by the Assad family since 1970, with Hafez al-Assad holding power until his death in 2000. Bashar al-Assad succeeded him and initially promised political reforms but maintained authoritarian control. Socioeconomic issues, including unemployment, poverty, and droughts, further fueled discontent. Arab Spring and Protests (2011) Inspired by the Arab Spring, protests […]

Decoupling refers to breaking the traditional link between two related factors, particularly economic growth and environmental degradation. In this context, it means achieving economic growth without a proportional increase in negative environmental impacts, such as greenhouse gas (GHG) emissions. Types of Decoupling: Relative Decoupling: Economic growth occurs at a faster rate than the increase in […]

International Drought Resilience Alliance (IDRA): About the International Drought Resilience Alliance (IDRA) : It is a global coalition launched in November 2022 during the 27th UN Climate Change Conference (COP27) to address the growing challenges of droughts worldwide. It aims to accelerate actions and build resilience against the increasing frequency and intensity of droughts, exacerbated […]

Overnight Alternative Reference Rate (ARR): What is the Overnight Alternative Reference Rate (ARR)? It is a modern benchmark interest rate used in financial markets to determine the cost of borrowing or lending in overnight transactions. It replaces older benchmarks like LIBOR (London Interbank Offered Rate) and is part of global reforms aimed at improving transparency […]

सुरक्षित ओवरनाइट रुपया दर (एसओआरआर): सुरक्षित ओवरनाइट रुपया दर (एसओआरआर) क्या है ? भारतीय रिजर्व बैंक (आरबीआई) द्वारा ब्याज दर डेरिवेटिव बाजार के लिए प्रस्तावित एक नई बेंचमार्क दर है। यह सुरक्षित मुद्रा बाजार में लेनदेन पर आधारित है, जिसमें शामिल हैं: ओवरनाइट रेपो मार्केट: ऐसे लेनदेन जहां वित्तीय संस्थान एक दिन के लिए संपार्श्विक […]

Why in News? The World Drought Atlas, jointly developed by the UNCCD and European Commission JRC, provides an n-depth view of the systemic nature of drought risks. It uses maps, infographics, and case studies to depict the cascading effects of droughts across sectors like energy, agriculture, transport, and public health. Key Points: Urgency of Global […]

Why in News ?  The Reserve Bank of India (RBI) has raised the interest rate ceilings on Foreign Currency Non-Resident (Banking) FCNR(B) deposits to attract more foreign currency inflows. FCNR(B) deposits are foreign currency term deposits that Non-Resident Indians (NRIs) can open with Indian banks. Key Details: Revised Interest Rate Ceilings: For deposits of 1 […]

Why in News? Recently these terms were used in an article . What is Friendshoring? Friendshoring refers to the practice of relocating supply chains and manufacturing operations to countries that are politically and economically aligned with the home country, often to reduce risks associated with geopolitical tensions and ensure stable trade relationships. Key Features: Focuses […]

Human rights group Amnesty International has concluded that Israel’s war on Gaza meets the legal threshold for genocide in a damning new report. The report published on Thursday, titled, “You Feel Like You Are Subhuman”: Israel’s Genocide Against Palestinians in Gaza, is the culmination of months of research by Amnesty, including extensive witness interviews, analysis of “visual […]