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By UGI USER

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05Jun 2024

“IPEF’S CLEAN ECONOMY INVESTOR FORUM: INDIA’S PARTICIPATION AND INVESTMENT OPPORTUNITIES”

Why in the news? Commerce Secretary Sunil Barthwal, Additional Secretary Rajesh Agrawal, and other senior officers have reached Singapore for the event starting on June 5. India attended Singapore’s IPEF Clean Economy Investor Forum to pitch projects and engage investors, aiming for collaborations. source:themirror About “IPEF’s Clean Economy Investor Forum Meet: IPEF to host Clean …

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05Jun 2024

“NCLT REJECTS JAL’S CLAIMS, ORDERS INSOLVENCY PROCEEDINGS INITIATION”

Why in the news? The National Company Law Tribunal (NCLT) ordered the initiation of insolvency proceedings against Jaiprakash Associates Ltd. (JAL) on June 3. Jaiprakash Associates Ltd. (JAL’s) claim of facing a liquidity crunch and defaulting on debt repayments due to government delays and litigation was rejected by the NCLT. source:slideplayer About National Company Law …

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05Jun 2024

“FPIS SELL, DIIS BUY: IMPACT ON INDIAN STOCK MARKET”

Why in the news? Market dynamics analyzed as FPIs sell and DIIs buy, influencing Indian stock market sentiment amid geopolitical uncertainties and election outcomes. Foreign Portfolio Investors (FPIs) engaged in extensive selling in the lead-up to elections, totaling Rs 75,000 crore. Conversely, Domestic Institutional Investors (DIIs), including mutual funds and insurance companies, purchased stocks worth …

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05Jun 2024

HUNDREDS SHELTERED AFTER MOUNT KANLAON ERUPTION IN THE PHILIPPINES

Why in the news? Mount Kanlaon, located on Negros island in the central Philippines, erupted on 3 June. The eruption lasted six minutes, projecting ash, rocks, and gasses up to 5 kilometers into the atmosphere. At least 2,800 people have been displaced due to the eruption,the state volcanology agency has warned that further eruptions are …

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05Jun 2024

WRONG LANDING: SUKHOI FIGHTER JET REMAINS AFTER CRASHING IN NASHIK DISTRICT

Why in the news? An SU-30MKI fighter jet of the Indian Air Force (IAF) crashed in Nashik on June 4. The aircraft had been recently overhauled by Hindustan Aeronautics Limited (HAL) and was on a test sortie from HAL Nashik at Sirsa gaon.  About Sukhoi Su-30MKI : Twinjet multirole air superiority fighter developed by Russia’s …

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05Jun 2024

THE VERDICT – 2024 GENERAL ELECTIONS

SYLLABUS: GS 2: Indian Constitution—historical underpinnings, evolution, features, amendments, significant provisions and basic structure. Parliament and State legislatures—structure, functioning, conduct of business, powers & privileges and issues arising out of these. Focus: Lok Sabha Election Results 2024 were declared on 4th June 2024. Source: Reddit Article highlights the public’s concerns about unemployment, low wages, and …

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05Jun 2024

“STRATEGIES FOR SUSTAINABLE ECONOMIC GROWTH IN INDIA”

Syllabus: GS-3- Sustainable economic growth , policies and implementation ,Challenges and prospective solutions Focus : The article discusses the necessary steps the incoming Indian government should take to ensure rapid economic growth through sustainable and inclusive development. It emphasizes the need to address agricultural employment, boost consumption, improve infrastructure, enhance manufacturing, and leverage technology while …

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04Jun 2024

“ICMR SEEKS PARTNERS FOR PEDIATRIC HYDROXYUREA FORMULATION FOR SICKLE CELL”

Why in the news? The Indian Council of Medical Research (ICMR) seeks partners to develop and commercialize a low-dose or pediatric oral formulation of hydroxyurea for treating sickle cell disease, addressing the lack of appropriate doses for pediatric patients. With over 20 million sickle cell disease cases in India, the initiative aims to improve treatment …

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04Jun 2024

EC SEIZED ₹10,000CR IN RECORD-BREAKING 2024 ELECTION SEIZURES

Why in the news? Election Commission (EC) seized a record ₹10,000 crore during the 2024 polls. Only 39 repolls were required in 2024, compared to 540 in 2019. High turnout in J&K and Valley; overall voter participation recorded at 64.2%, with 31.2 crore women voters. source:wordpress About Election Commission of India (ECI): Establishment: Autonomous constitutional …

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