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19Oct 2024

India’s Forex Reserves Surpass $700 Billion Milestone

Why in the news? Commerce Minister Piyush Goyal announced India’s forex reserves exceeding $700 billion, highlighting the nation’s economic growth and commitment to sustainable practices during the SHRM India Annual Conference 2024.  About India’s Economic Growth and Forex Reserves: Ministerial Announcement: Commerce and Industry Minister Piyush Goyal announced that India’s foreign exchange reserves have exceeded …

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19Oct 2024

NBWL Clears Key Roads Through Karakoram Sanctuary

Why in the news? The National Board for Wildlife (NBWL) has approved five strategic road projects in Ladakh, enhancing military and civilian infrastructure, with four routes passing through the Karakoram Wildlife Sanctuary, ensuring protection measures for endangered species. About the Key Road Projects Approved in Ladakh: The National Board for Wildlife (NBWL) Standing Committee approved …

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19Oct 2024

EDLI Scheme: Ensuring Insurance for Private Sector Employees

Why in the news? The EDLI scheme has gained attention as the government recently increased the maximum assured benefit to Rs 7 lakh, enhancing social security for private sector employees, especially during uncertain times of employment and economic fluctuations. Overview of EDLI Scheme: The Employees Deposit Linked Insurance (EDLI) Scheme was launched in 1976 by …

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19Oct 2024

World Energy Outlook 2024: India’s Energy Demand Surge

Why in the news? The International Energy Agency’s World Energy Outlook 2024 report highlights India as having the highest anticipated energy demand growth globally, with significant projections for electricity generation, vehicle increase, and coal utilisation, reflecting India’s expanding energy needs. About World Energy Outlook 2024: Release: The World Energy Outlook 2024 report, published by the …

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19Oct 2024

INS Samarthak: New Multi-Purpose Vessel for Indian Navy

Why in the news? Larsen and Toubro has launched INS Samarthak, the first of two multi-purpose vessels for the Indian Navy, enhancing capabilities in maritime surveillance and next-generation weapon testing, aligning with the government’s ‘Make in India’ initiative. Details about the Launch of INS Samarthak: Larsen and Toubro (L&T) recently launched the INS ‘Samarthak,‘ a …

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19Oct 2024

Russia’s Nuclear Posturing Amid Rising Global Tensions

Syllabus: GS-2: Nuclear Technology GS – 3: Government Policies & Interventions ,Effect of Policies & Politics of Countries on India’s Interests Focus: Russia has recently intensified its nuclear posturing by revising its nuclear doctrine and conducting drills with nuclear-capable weapons. This escalation comes as tensions between Russia and NATO continue to rise over the conflict …

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18Oct 2024

US FTC Introduces Simplified “Click-to-Cancel” Rule

Why in the News? The US Federal Trade Commission (FTC) introduced the “Click-to-Cancel” rule to simplify the subscription cancellation process. This rule aims to protect consumers from unfair practices by making cancellation as easy as signing up. Overview: The US Federal Trade Commission (FTC) has announced a new “Click-to-Cancel” rule aimed at simplifying the process …

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18Oct 2024

West Nile Fever Outbreak Alarms Global Health Authorities

Why in the news? Ukraine faces a severe outbreak of West Nile virus (WNV), raising health concerns as the death toll rises. With transmission peaking between summer and autumn, numerous countries report cases, prompting global health authorities to monitor the situation closely. About West Nile Fever (WNV): Caused by West Nile virus (WNV), an RNA …

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18Oct 2024

Samarth Scheme Extended to Train 3 Lakh Workers

Why in the news? The Indian government has extended the Samarth Scheme until March 2026, with a budget of Rs. 495 crore. It aims to provide employment-linked training to 3 lakh individuals in the textile sector, focusing on job creation and upskilling. Samarth Scheme Extension Overview: The Ministry of Textiles has extended the Samarth Scheme …

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18Oct 2024

Kaziranga: Second Largest Butterfly Habitat in India

Why in the news? Kaziranga National Park in Assam has recorded over 446 butterfly species, making it the second-largest butterfly habitat in India, following Namdapha National Park. This biodiversity achievement highlights Kaziranga’s rich and diverse ecosystem. Overview: Kaziranga National Park in Assam houses over 446 butterfly species, ranking second in the country after Namdapha National …

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