Context : The Supreme Court on January 24, 2023 asked the Centre what will happen if the risk of the commercial release of GM Mustard crop is “irreversible”. Background of the Case About the current status of the case About genetic modification (GM) of crops? Process What is the legal position of genetically modified crops … Read more
Context: Lost’ interview of Georges Lemaître rediscovered. The VRT has found in its archives an interview with Georges Lemaître that was thought to be lost. The cosmologist from Louvain was the founder of the big bang theory in the 1920s and 1930s. Now the entire 20-minute interview has been found. What is Big Bang Theory? … Read more
Context: Eight months after the Centre banned single-use plastic and paved the way for the use of biodegradable plastic, a lack of coordination among multiple ministries of government has led to the question remaining unanswered. A consequence of this is that several manufacturers, who are now unable to manufacture single-use plastic goods and invested in making biodegradable … Read more
Context: India did not wait for other bilateral creditors but did “what is right” for Sri Lanka’s economic recovery, visiting External Affairs Minister S. Jaishankar said on Friday, following talks with Sri Lankan President Ranil Wickremesinghe in Colombo. About the News IMF What is debt restructuring? IMF Financing Assurance What kind of financial assistance does … Read more
Context: The Reserve Bank of India’s 2023 monetary policy objective is to hold inflation within the mandated tolerance band and guide it towards the medium-term target of 4% by 2024, officials said in an article published in the monthly bulletin. Findings of the RBI report What is Inflation Targeting? India’s Inflation Targeting How does inflation … Read more
Context: The Supreme Court recorded that the government is in the process of considering the question of declaring Ram Setu a ‘national monument’. What is Monument of National Importance About National Monument Authority? Functions and powers of National Monument Authority About Ram Setu Sethusamudram project Need for protection About the News
Context: The Forest Advisory Committee has asked the Arunachal Pradesh government to file a fresh proposal for forest diversion and the construction of the Etalin hydroelectric project (EHEP) due to non-compliance to conditions stipulated by the FAC and the overwhelming pushback against the project in the region. What is Forest Advisory Committee? Current issue Why … Read more
Context: P. Sreekumar, the Satish Dhawan Professor at the Indian Space Research Organisation (ISRO) and advisor to its space science programme, said that the organisation is yet to receive approval from the Indian government for the Venus mission and that the mission could as a result be postponed to 2031. About the News What is … Read more
Context: The Reserve Bank of India (RBI) on released the Discussion Paper (DP) that aimed to comprehensively examine various issues and proposed a framework for the adoption of an expected loss-based approach for provisioning against loan loss by banks in India. About the News What is loan-loss provision? What is the expected loss-based approach? Discussion … Read more
Context: The Surplus available with the Reserve Bank of India for transfer or the RBI dividend to the Union government is likely to remain low in the current financial year ending March 2023 because of higher expenditure incurred by the central bank due to rising interest rates and higher costs in managing surplus liquidity in … Read more