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Why in News? NASA Administrator Bill Nelson and Union Minister for Science and Technology Jitendra Singh met to discuss India’s participation in a joint mission to the International Space Station (ISS) in 2024. The collaboration was announced during U.S. President Joe Biden’s meeting with Prime Minister Narendra Modi in June, where India also signed the …
Read MoreWhy in News? Reserve Bank of India (RBI) has directed banks and non-banking financial companies (NBFCs) to increase capital reserves for risk weights by 25 percentage points. This move aims to address the rising trend in unsecured personal loans, credit cards, and lending to NBFCs, managing ‘credit risk.’ Understanding Risk Weights Risk weights are tools …
Read MoreWhy in News? Madras High Court has granted an interim stay on the Enforcement Directorate’s (ED) summons to five district collectors regarding its probe into alleged illegal sand mining in Tamil Nadu. The court asserted that the ED cannot engage in a fishing expedition under the Prevention of Money Laundering Act (PMLA) and must establish …
Read MoreWhy in the News? The upcoming COP-28, scheduled from November 30 to December 12, 2023, is critical for addressing the pressing issue of climate change. Despite global commitments to limit temperature rise, emissions have increased, posing a severe threat to the 1.5°C target. Source:Mint Challenges and Principles The COP meetings have seen longstanding principles agreed …
Read MoreRelevance: GS 2: Structure, Organization and Functioning of the Executive and the Judiciary. Issue in focus: The Supreme Court of India, the highest judicial body in the country, faces a growing burden of cases and a complex structure that hinders its efficiency. The issue delves into the proposal for a separate Constitution Bench and explores …
Read MoreWhy in the News? A woman, amid a matrimonial dispute, sought her husband’s Aadhaar data under the RTI Act. A Division Bench, comprising Justice S. Sunil Dutt Yadav and Justice Vijaykumar, dismissed the argument that marriage implies a merger of identities. Privacy Rights and Aadhaar Act The Karnataka High Court emphasized that marriage does not …
Read MoreWhy in the News? The Election Commission of India (ECI) has issued a notice to the Karnataka Government for allegedly violating the model code of conduct in Telangana. The violation pertains to the publication of advertisements in Telangana newspapers showcasing Karnataka’s welfare schemes and achievements. Notice and Directions The ECI served the notice on Monday, …
Read MoreWhy in the News? Along with quantum optics, fibre optic communication stands on the cusp of a new era. Ultra-thin fibres can carry information, such as text, images, videos, telephone calls, and anything that can be encoded as digital information, across large distances almost at the speed of light Source: Britannica Origins and Evolution Early …
Read MoreWhy in the News? Milei’s Presidency proposals includes the replacement of Argentina’s peso with the dollar. Argentina grappling with inflation over 100% and a poverty rate affecting two-thirds of the population due to eroding wages. canals. Source: Wall Street Mojo Immediate Challenges and Policy Shifts President-Elect’s Stand: Milei’s initial plan to swiftly dollarise faces challenges …
Read MoreWhy in the News? National Autonomous university relaunched a fundraising campaign to bolster conser- pesos ($26,300) towards an ex-vation efforts for axolotis. The initiative seeks public support through virtual adoption or purchasing virtual dinners for the creatures, funding captive breeding programs, and habitat restoration in Xochimilco’s ancient Aztec canals. Source: The Gaurdian Population Plummet: Statistics: …
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