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Why in the news? Turkiye and the United States signed a $23 billion contract for 40 new F-16 warplanes and upgrades to 79 existing jets after months of negotiations. The deal was finalized after Turkiye ratified Sweden’s NATO membership, highlighting US-Turkiye security partnership. source:worldatlas About the F-16 Fighting Falcon: Developed By: General Dynamics First Flight: …
Read MoreWhy in the news? Six people were killed, and 1,500 tourists were stranded due to landslides and heavy rain in Sikkim’s Mangan district and north Bengal. Torrential rains caused flooding and infrastructure damage, including the collapse of a bridge and blocked roads, leading to evacuation alerts. About landslides: A landslide is the downward movement of …
Read MoreWhy in the news? The GST Council will hold its 53rd meeting on June 22, 2024, in New Delhi. This meeting comes eight-and-a-half months after the previous one. The Council, expected to meet quarterly, has convened only six times since 2022. source:medium About GST Council: Established: Post Constitutional (122nd Amendment) Bill, assented on September 8, …
Read MoreWhy in the news? The Centre approved Uttarakhand’s proposal to rename Joshimath tehsil to Jyotirmath and Kosiyakutoli tehsil to Pargana Shri Kainchi Dham. The renaming was a longstanding demand citing historical and spiritual significance, with Jyotirmath linked to Adi Guru Shankaracharya and Kainchi Dham to Baba Neem Karoli Maharaj. Key Facts about Joshimath: Geographical Position: …
Read MoreWhy in the news? Telecom operators renew demand for OTT players to share revenue due to high data traffic, estimating a loss of ₹10,000 crore for the government. They also seek spectrum pricing revision, resolution of equipment testing challenges, and allocation of the 6 GHz band for expanding 5G services. About The Cellular Operators Association …
Read MoreWhy in the news? The International Financial Services Centre Authority (IFSCA) is set to issue amended guidelines for direct listing on GIFT City exchanges within a month, facilitating the process for unlisted companies. Clarity has been achieved between the Reserve Bank of India (RBI) and IFSCA regarding the issuance of sovereign green bonds, awaiting the …
Read MoreWhy in the news? Hezbollah launched a heavy rocket barrage into Israel, targeting military bases including Mount Meron, in response to an airstrike killing senior commander Taleb Abdallah. source:twp About Hezbollah: Shiite Islamic militant organization based in Lebanon. Armament: Recognized as the world’s most heavily armed non-state actor with various missiles and rockets. Formation: Founded …
Read MoreWhy in the news? Nepal has approached India to establish Jan Aushadhi Kendras in their country, following a similar initiative in Mauritius. The aim is to provide Nepalese citizens access to affordable ‘Made in India’ generic medicines through these outlets. source:indiamap About Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP): PMBJP is a scheme by the Indian …
Read MoreWhy in the news? Agnipath scheme adjustments discussed to boost retention, extend training, and absorb graduates into technical roles. Current retention rate of Agniveers at 25% after 4 years may increase to 60-70%. Discussions on extending training from reduced 24 weeks back to original 37-42 weeks, aim to foster camaraderie and reduce competition among Agniveers. …
Read MoreWhy in the news? Three states seek reduction of Eco-Sensitive Areas in the Western Ghats to allow for developmental works. States Involved: Gujarat, Maharashtra, Goa, Karnataka, Kerala, Tamil Nadu. Reason: Allow developmental works. Current Situation: Original draft from 2014; latest draft set to expire. Source:researchgate About Eco-Sensitive Zones (ESZs): Definition: Areas within 10 km of …
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