Archives: Current Affair

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 […]

Progressive resource allocation methodology is a strategic framework for dynamically distributing resources—such as capital, manpower, technology, or materials—based on evolving priorities, outcomes, and constraints. This methodology emphasizes flexibility, adaptability, and continuous improvement to optimize efficiency and align with organizational goals. Key Features: Incremental Deployment: Resources are allocated in stages, allowing for adjustments based on feedback, […]

 Why in News? The Bill seeks to replace the Aircraft Act, 1934, which regulates civil aviation activities in India. It retains the structure of regulatory bodies like DGCA, BCAS, and AAIB, and updates provisions for aircraft design and penalties. Key Features: Authorities: The Bill continues the regulatory framework, retaining the roles of DGCA (safety), BCAS […]

An artist whose work exploring her Scottish Sikh identity includes a vintage Ford car draped in a crocheted doily won the U.K.’s prestigious Turner Prize recently, during a ceremony picketed by pro-Palestinian demonstrators. Jasleen Kaur was awarded the 25,000-pound ($32,000) prize by actor James Norton at the Tate Britain gallery in London. Kaur used her […]