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News The Supreme Court has affirmed the legality of the Center’s decision to repeal Article 370 of the Indian Constitution, which gave the former state of Jammu and Kashmir special status. Earlier in 2019, the Center abolished Article 370 and divided the state into Jammu and Kashmir and Ladakh, two Union Territories. A number of …
Read MoreNews Viksit Bharat @2047: Voice of Youth will be introduced by Prime Minister via video conference today. About: The program seeks to give young people a forum to offer suggestions for improving Viksit Bharat. By 2047—the 100th anniversary of India’s independence—Viksit Bharat aims to transform the country into a developed one. The vision covers a …
Read MoreSyllabus: GS 2: India and its Neighbourhood- Relations. Why in the News? The recent announcement by Lankan President Ranil Wickremesinghe proposing the establishment of land connectivity with India is a significant step towards regional economic integration. This idea, initially floated two decades ago, holds the potential to enhance economic growth opportunities between the two nations. …
Read MoreWhy in the News? The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) unanimously maintains key interest rates. Source: BankGyan Key Highlights: GDP :The MPC raises the GDP growth projection for 2023-24 from 6.5% to 7%. Repo rate : The repo rate remains at 6.5%, offering no immediate relief to borrowers. Inflation …
Read MoreWhy in the News? Academics from India, Qatar, and the UK reveal a concerning study on unapproved and banned Fixed-Dose Combinations (FDCs) of antibiotics in India. Key Highlights of the Study: Data : 5% of antibiotic FDCs (239 formulations) were unapproved(Year 2020). Additional 9.9% (39 formulations) were banned but still sold in the country. Impact: Unapproved …
Read MoreWhy in the News? The latest draft at the UN’s climate summit proposes a significant shift toward renewable energy. Source: Statista Key Highlights of the Draft: The Global Stocktake suggests tripling renewable energy capacity globally by 2030 as an option. Emphasis on strategically implementing the increase to replace fossil fuel-based energy and reduce reliance on …
Read MoreWhy in the News? A private member’s Bill was introduced in Rajya Sabha aimed at amending the Constitution, addressing concerns surrounding the accountability of Governors. Objectives of the Bill: The Bill proposed empowering State Assemblies to remove Governors. The Bill emphasized that the stature and dignity of the Governor’s office required the occupant to enjoy …
Read MoreWhy in the News? The U.S. Food and Drug Administration (FDA) granted approval for two gene therapies targeting sickle cell disease. Lyfgenia, developed by bluebird bio, and Casgevy, a collaboration between Pharmaceuticals Vertex and CRISPR Therapeutics, received regulatory clearance. Source: GBD Utilization of CRISPR Gene Editing Technology Casgevy marks a significant milestone as the first-ever …
Read MoreWhy in the News? The RBI has increased the UPI payment limits for healthcare and education from ₹1 lakh to ₹5 lakh. Additionally, the recurring e-payment mandates for credit card, insurance, and mutual fund payments have been raised to ₹1 lakh from the existing ₹15,000 limit. Source: Demand Sage Regulatory Focus on Digital Lending: Issue: …
Read MoreNews Onion exports are prohibited by the central government through March 2024. The main goal of the action is to maintain price stability and guarantee sufficient supply of onions in domestic markets. In support of this, the Directorate General of Foreign Trade (DGFT) released a notification and it became operative yesterday. The notification further stated …
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