Archives: Current Affair

The concepts of inclusive and extractive institutional frameworks are central to understanding why some nations prosper while others remain in poverty. These terms were popularized by economists Daron Acemoglu and James A. Robinson in their book “Why Nations Fail.” Here’s an explanation of both concepts: 1. Inclusive Institutional Framework: Inclusive institutions create a level playing […]

Why in News? Indian businesses supplied UNICEF with goods and services worth nearly $6 billion for its global work from 2016 to 2023, making it the third largest supplier in 2023. This contribution includes vaccines, pharmaceuticals and nutrition supplies that are critical to meeting the health and nutrition needs of children around the world. Indian […]

Why in New?The Norwegian Nobel Committee has selected the Japanese anti-nuclear weapons organization Nihon Hidankyo for the 2024 Nobel Peace Prize. The Norwegian committee chose the Nihon Hidankyo organization for its efforts to achieve a world free of nuclear weapons and to demonstrate through the victims of nuclear weapons that nuclear weapons should never be […]

Banks are likely to deliver a softer growth in the quarter ended September 2024, led by slower credit growth and moderation in net interest margins (NIM). Net interest margin are expected to decline by 2-10 basis points sequentially given pressure on cost of funds resulting from repricing of deposits. “Banks are expected to deliver yet […]

After devastating floods and landslides killed more than 200 people in Kerala’s Wayanad district in July 2024, the Union Ministry of Earth Sciences approved an X-band radar to be installed in the district. A torrential downpour triggered the landslide in the valley above Punchirimattom, near the Mundakkai region; its effects were compounded by a massive […]

Nihon Hidankyo, a Japanese group of atomic bomb survivors, has won the 2024 Nobel Peace Prize. Known as hibakusha, the group is made up of survivors of the 1945 bombings of Hiroshima and Nagasaki. It has been recognised by the Norwegian Nobel Committee for efforts to rid the world of nuclear weapons. Nobel Committee Chair Joergen […]

India is best in terms of sustainable feeding habits, as reported in the 2024 Living Planet Report recently published by the World Wide Fund (WWF). Indian food is the least harmful to the climate among the developed countries. The report discovered that if all the nations follow the Indian style of eating, then by 2050 […]

The Swedish Academy has selected South Korean novelist Han Kang for the 2024 Nobel Prize in Literature. Han Kang is the first Asian woman to receive the Nobel Prize in Literature. She is the second South Korean to win the Nobel Prize after former President Kim Dae-jung. President Kim Dae-jung was awarded the Nobel Peace […]

Prime Minister Narendra Modi, while addressing the 21st India-ASEAN Summit, said that India’s trade with ASEAN countries has doubled in the last decade and now stands at over $130 billion. Modi said that he is confident that the 21st century, also known as the Asian century, is the century of India and ASEAN countries. ASEAN […]

Why in News? The discovery of green patches in Antarctica is a recent phenomenon that has raised both scientific interest and environmental concerns. These patches are primarily areas of algae blooms growing in the Antarctic region, which have been observed more frequently in recent years. What Are These Green Patches? The green patches observed in […]