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News In order to combat the Houthi threat in the Red Sea, the US has announced the formation of a new multinational task force. Operation Prosperity Guardian, a ten-nation Task Force comprising the Navies of Bahrain, Canada, France, Italy, Netherlands, Norway, Seychelles, Spain, and the United Kingdom, will be named. According to Mr. Austin, the …
Read MoreNews India has become a standout performer and is expected to drive over 16 percent of global growth as claimed by International Monetary Fund (IMF). The IMF made this claim while noting that economic reforms in important areas like infrastructure and digitization have allowed the country to grow at a strong rate. India’s economy is …
Read MoreWhy in the News? Current Situation in Maharashtra Assembly regarding disqualification petitions involves political defections and India’s anti-defection law. Source: IJRPR About Anti-Defection Law : Enacted under the Tenth Schedule, it aims to curb frequent floor-crossing by legislators. Legislators face disqualification if they switch parties or vote against party directions. Exceptions exist, such as a …
Read MoreWhat is Value Investing? Value investing involves buying assets like stocks, bonds, or real estate below their intrinsic value, aiming to sell at a profit later. Investors believe asset prices will move towards intrinsic value over the long run, offering opportunities for both buying undervalued assets and shorting overvalued ones. Benjamin Graham, the father of …
Read MoreWhy in the News? SC dismisses Supertech chairman Ram Kishor Arora’s appeal challenging his ED arrest. SC clarifies the Enforcement Directorate (ED) isn’t obliged to provide a copy of detention grounds during the arrest. Source: ToI About Judicial Decision on Arrest Validity: Upholding the fundamental right, this judgement addresses concerns about Article 22(1) violation related …
Read MoreWhy in the News? Special COP-28 ministerial meeting addressed urbanization and climate change. About Urbanization and Climate Change: Urban population increased from 44% to 55%, expected to reach 68% by 2050. Urban areas consume 75% of primary energy and contribute to 70% of CO2 emissions. City representatives advocated for multi-level green deal governance, urging recognition …
Read MoreAbout mRNA Medicines: mRNA, present in our cells, serves as instructions to create essential proteins for bodily functions. Scientists, comprehending mRNA’s role, leverage it to create potent medicines. For Example : COVID-19 vaccines . mRNA offers a scalable approach to producing medicines, allowing customization for patient-specific needs. Source: News Medical Application of mRNA Medicines: Cells …
Read MoreWhy in the News? Recent central bank upgrades project India’s GDP growth for 2023-24 at an impressive 7%. Contrasting global growth challenges, India’s outstanding performance raises curiosity about its driving forces. Source:PIB About Drivers of Growth : Role of “Old India”: Transition of “old India” (85% of the economy) by leveraging digitalization in manufacturing and …
Read MoreWhy in the News? India’s Arctic Research Station, Himadri, at Ny-Alesund will operate throughout the year. Marks India’s entry into the select group of nations conducting year-round Arctic research. About India’s Presence in Arctic : Svalbard Treaty: India signed the Svalbard Treaty in 1920; first Arctic expedition occurred in 2007. Himadri: Permanent research station, Himadri, …
Read MoreWhy in the News? 78 Opposition MPs suspended – 33 from Lok Sabha, 45 from Rajya Sabha marking an unprecedented trend. About the Suspension: Large number of MPs were suspended for disrupting Parliament after last week’s security breach. Demanded a statement from the Home Minister in Lok Sabha which led to disruptions. Opposition leaders criticize …
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