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Why in the news? Many economists oppose government-fixed Minimum Support Prices (MSPs) determined by cost-plus pricing without accounting for market demand. They argue that farmers should align their planting decisions with market demand, as indicated by crop prices at a specific time. Cost-plus MSPs, neglecting demand dynamics, can distort farmers’ production choices, leading to an …
Read MoreWhy in the news? Finance Minister Nirmala Sitharaman expressed confidence in India becoming the world’s third-largest economy, surpassing $5 trillion by 2027-28. She envisions India reaching developed nation status by 2047, accompanied by a GDP of $30 trillion. Currently, India is the fifth-largest economy globally at $3.4 trillion. Sitharaman made these remarks during a seminar …
Read MoreWhy in the News? India has expressed apprehensions about the potential compromise of sensitive and confidential trade data of its exporters. The concerns are specifically linked to compliance with the European Union’s Carbon Border Adjustment Mechanism (CBAM). CBAM is recognized as the world’s inaugural system that imposes carbon emission tariffs on various imports, including iron, …
Read MoreWhy in the News? A report by the Centre for Research and Planning revealed lack of wheelchair availability, deficiencies in ramps, and infrastructure gaps for people with disabilities across court premises in India. Source: CNN About Report More than half of the District Court complexes lack ramps, hindering accessibility for individuals with mobility issues. Only …
Read MoreWhy in the News? A cosmic ray that has been dubbed ‘Amaterasu’ appears to have reached the earth from an empty part of the universe. Source: TheSun About In May 2021, Japanese scientist Toshihiro Fujii discovered a remarkably high-energy cosmic-ray event, which he named ‘Amaterasu,’ after the Japanese sun goddess. This cosmic ray, Amaterasu, is …
Read MoreWhy in News The ILO has issued a warning about a global increase in unemployment expected in 2024. Source: ILO What was in ILO’s report While joblessness and the job gap had been improving, they are anticipated to rise in 2024. Real wages in most G20 countries declined in 2023, failing to keep up with …
Read MoreWhy in the News? Fog descended on northern India in late December 2023 and early 2024 due to winter conditions. Source: The Hindu Minimum temperatures varied, ranging from 6-9 degrees Celsius in some areas and 10-12 degrees Celsius in others. Dense fog was reported in several states and regions, including Haryana, Chandigarh, Uttarakhand, Uttar Pradesh, …
Read MoreWhy in the News? Kuki-Zo bodies oppose move to review ST status of certain tribes. Source: India Today Indigenous Tribal Leaders’ Forum (ITLF) and Zomi Council Steering Committee (ZCSC) condemn the move to review ST status of Kuki-Zo communities in Manipur during ethnic conflict. Manipur government forms a committee to examine delisting representation, including all …
Read MoreRelevance: GS 2 India and its neighbourhood- relations. Why in News: Prime Minister Modi’s social media posts advocating tourism in Lakshadweep sparked a heated exchange involving Maldivian politicians, government officials, and Indian social media users. Source- ZeeNews In the world of diplomacy and international relations, the power and reach of social media have become increasingly …
Read MoreRelevance: GS2 – Parliament, Executive, Indian Constitution, Social Issues Why in the news? In the Bilkis Bano case, the Supreme Court delivered a noteworthy judgment by nullifying the remission granted to 11 men who were convicted of rape and murder. This distressing incident involved the gangrape of Bilkis Bano and the tragic murder of several …
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