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Why in the news? Mount Ibu’s eruption in Indonesia, spewing a 5 km ash tower, follows a raised alert level, yet causes no immediate harm. About Ibu Volcano: Location: Situated in the Maluku Islands, East Indonesia, on the island of Halmahera Isolation: Among the most isolated and least accessible volcanoes in Indonesia Height: Stands at …
Read MoreWhy in the news? India and Iran signed a 10-year contract to operate Chabahar port, enhancing trade connectivity and regional cooperation. source:TribunIndia About Chabahar Port : Location: Sistan and Baluchistan Province, Makran coast, Iran Ports: Shahid Kalantari (developed in 1980s) and Shahid Beheshti Proximity to Gwadar Port: Just 170 km from China-operated Gwadar port in …
Read MoreDate : 14/05/2024 Syllabus: GS 2: Health Issues Relating to Development and Management of Social Sector/Services relating to Health Government Policies and Interventions for Development in various sectors Focus: The article highlights the significant milestone of 50 years of vaccination programs and their impact on global child health, particularly as new research published in The …
Read MoreDate:- 14.05.24 SYLLABUS: GS 2: Welfare schemes for vulnerable sections of the population by the Centre and States and the performance of these schemes; mechanisms, laws, institutions and Bodies constituted for the protection and betterment of these vulnerable sections. Focus: Out of 100 cities, nearly 50% smart cities have not implemented any projects under the …
Read MoreSyllabus: GS-2 :Bilateral relation of India with other countries , Neighborhood first policy ,impact of Chinese presence Focus : The focus of the article is on the evolving dynamics of India-Nepal relations amidst Nepal’s political transition, China’s increasing influence, and India’s diplomatic strategy. It examines the challenges and opportunities arising from Nepal’s identity crisis, political …
Read MoreEvent: Essay Competition Date: 25th May 2024 Host: Universal Group of Institutions Type: Inter College Topic: “One Nation One Election” Background: The concept originated in India in early 1983, aiming to hold Lok Sabha and State elections simultaneously. Current Relevance: After many decades, the idea has resurfaced, sparking debates on federal structure and implementation challenges. …
Read MoreThe Vital Role of Infrastructure in Economic Development Infrastructure represents the fundamental physical systems and facilities that underpin the functioning of a society, including its economy. Renowned economist Dr. V.K.R.V. Rao emphasizes the continuous relationship between infrastructure and development, suggesting that infrastructure is not just a prerequisite for economic growth but a concurrent element that …
Read MoreConcept of Exchange Rates The concept of exchange rates is central to international economics and finance, reflecting how much one currency can be exchanged for another. It is a critical aspect for countries engaged in global trade, affecting imports, exports, and economic stability. This detailed explanation will cover the fundamentals of exchange rates, focusing on …
Read MoreIntroduction The external sector of an economy encompasses all economic activities that involve foreign currency transactions. Export-import activities, which are the trade of goods and services across international borders. Foreign investment, including direct investments in business operations and portfolio investments in financial assets. External debt, which refers to borrowing from foreign lenders. Current and capital …
Read MoreConcept of Inflation Inflation is the general rise in prices of everyday goods and services, such as food, clothing, housing, and transportation, leading to a decrease in the purchasing power of a nation’s currency. It is commonly expressed as a percentage indicating how much the general level of prices has risen over a given period. …
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