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06Aug 2024

PARLIAMENT INTRODUCES BILL FOR OIL SECTOR STABILITY

Why in the news? The Oilfields (Regulation and Development) Amendment Bill, 2024, introduced in Parliament, aims to boost investor confidence by ensuring policy stability, providing arbitration options, and extending lease periods. source:gyanmedia About Introduction of Oilfields Amendment Bill: The Oilfields (Regulation and Development) Amendment Bill, 2024, was introduced in Parliament to enhance policy stability and …

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06Aug 2024

GLOBAL MARKETS PLUNGE ON US RECESSION FEARS

Why in the news? Global markets plunged due to fears of a US recession, yen carry trades, and geopolitical tensions. The rupee hit an all-time low, and foreign portfolio investors withdrew $1.2 billion. source:scribd Global Market Impact: Rupee Falls: Hits an all-time low of 84.09 against the dollar due to global sell-off and FPIs pulling …

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06Aug 2024

INDIA’S NEW STANDARD OPERATING PROCEDURE (SOP) TO SPEED UP ORGAN TRANSPORT

Why in the news? The Centre’s new SOP streamlines organ transplant transport, eliminating airport screenings, ensuring efficient organ delivery via road, air, rail, and sea, and coordinating with multiple ministries to enhance speed and safety. About New SOP for Organ Transport: Uniform SOP Finalised: The Centre has implemented a standard operating procedure (SOP) to expedite …

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06Aug 2024

PM MODI PRAISES ARTICLE 370 REVOCATION; CONGRESS CRITICISES

Why in the news? On the fifth anniversary of Article 370’s revocation, PM Modi hailed it as a new era of progress, while Congress criticised the move for increasing terrorism and delaying development. source:graphics PM Modi’s Remarks on Article 370 Abrogation: Anniversary Statement: On the fifth anniversary of Article 370’s revocation, PM Modi hailed it …

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06Aug 2024

SARISKA RESERVE: BAN PRIVATE VEHICLES, BOOST TIGER PROTECTION

Why in the news? The Supreme Court’s Central Empowered Committee recommends banning private vehicles in Sariska Tiger Reserve by March 2025 and creating a Special Tiger Protection Force to enhance tiger conservation efforts. source:wordpress Recommendations for Sariska Tiger Reserve: Private Vehicle Ban: The Central Empowered Committee (CEC) has recommended banning private vehicles in Sariska Tiger …

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06Aug 2024

SUPREME COURT INQUIRY INTO WEST BENGAL’S OBC CLASSIFICATION

Why in the news? The Supreme Court is scrutinising West Bengal’s process for classifying 77 communities as OBCs, questioning data validity and consultation procedures, following a High Court order that cancelled OBC certificates. Background of the Appeal: The appeal challenges a Calcutta High Court order that cancelled all OBC certificates issued since The High Court …

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06Aug 2024

UNION AGRICULTURE MINISTER SHIVRAJ SINGH CHOUHAN ANNOUNCES HORTICULTURE INVESTMENT AND OILSEEDS MISSION PLANS

Why in the news? Union Agriculture Minister Shivraj Chouhan announced major investments in horticulture and a new oilseeds mission to boost domestic production. The move aims to enhance farm income and reduce imports. Announcements and Initiatives: Horticulture Clusters: Union Agriculture Minister Shivraj Singh Chouhan announced a ₹18,000 crore investment to set up 100 export-oriented horticulture …

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06Aug 2024

SBI BALANCES GROWTH WITH CONSERVATIVE DEPOSIT STRATEGY

Why in the news? SBI’s strategic decision to maintain moderate deposit growth and a lower loan-deposit ratio highlights its conservative approach, balancing financial stability with steady growth amid industry competition. source:slideshare About SBI’s Strategic Decisions: Moderate Deposit Growth: SBI’s deposit growth at 8% YoY, lower than peers ICICI, Axis, and Kotak Mahindra Banks (13-21%). Loan-Deposit …

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06Aug 2024

INDIA INC POISED FOR GLOBAL LEADERSHIP IN CLIMATE ACTION

Why in the news? India’s industry leaders are stepping up global climate action roles, with key appointments and ambitious renewable energy goals, positioning India as a potential leader in the clean-tech sector. source:slideshare Key Developments: Indian industry has the potential to take on a global leadership role in climate action. Sumant Sinha, CEO of ReNew, …

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06Aug 2024

INDIA & HASINA: A 50-YEAR-OLD BOND

Syllabus: GS 2: India and its Neighborhood- Relations. Effect of Policies and Politics of Developed and Developing Countries on India’s interests, Indian Diaspora. Why in the News? Currently the political map of Bangladesh is rapidly changing due to the recent resignation of prime minister Sheikh Hasina Wajed and the subsequent military coup. This shift affects …

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