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Why in the news? India’s indigenous defence production reached a record high of Rs 1.27 lakh crore in 2023-24, reflecting a 16.7% growth. Defence Minister Rajnath Singh emphasised the government’s commitment to making India a leading global defence manufacturing hub. source:mod About Defense Acquisition Council (DAC): Purpose: Highest decision-making body in the Defence Ministry for …
Read MoreWhy in the news? Chandrababu Naidu accused YSR Congress leader Jagan Mohan Reddy of leaving Andhra Pradesh in a poor economic state. Met with Prime Minister Modi and six Union Ministers with demands for Andhra Pradesh. Requested short-term financial support and assistance for Polavaram irrigation project. States with Special Category Status (SCS): 11 states: Assam, …
Read MoreWhy in the news? RBI Executive Director Neeraj Nigam highlights the need to increase credit supply to women. Currently, only 7% of the total outstanding MSME loans are to women-led businesses. Nigam spoke at the “Financing Women Collaborative” event organised by Niti Aayog and Transunion Cibil. Female Labour Force Participation: Female labour force participation in …
Read MoreWhy in the news? The prices of vegetarian and non-vegetarian food plates have surged, reaching six and seven-month highs in June, respectively. CRISIL’s food cost tracker highlights significant inflation in key ingredients such as tomato, onion, potato, rice, and pulses, with official food inflation at 8.7% in May. Source: Forbes Key Developments The average cost …
Read MoreWhy in the news? Thazhakara grama panchayat in Kerala’s Alappuzha district has compiled a detailed People’s Biodiversity Register (PBR), highlighting significant changes in local flora and fauna. Key Findings: Thazhakara publishes the second volume of PBR, documenting 38 sacred groves, 10 paddy polders, and 35 ponds. Decline in Indian black turtle and other species due …
Read MoreWhy in the news? Rahul Gandhi alleged discrepancies in compensation received by Agniveer Ajay Kumar’s family compared to regular soldiers. Defence Minister Rajnath Singh countered with details of Agniveer compensation, sparking controversy. Source: PSM Key Differences in Compensation: Financial Assistance: Agniveers’ families receive Rs 1.65 crore, including insurance and ex gratia. Regular soldiers’ compensation varies …
Read MoreWhy in the news? India’s current account showed a surplus in Q4 of 2023-24, marking the first surplus in 11 quarters. Movements in the current account are significant as they affect the rupee’s exchange rate, India’s sovereign ratings, and overall economic health. Source: Textbook What is Balance of Payments? Definition: The Balance of Payments (BoP) …
Read MoreWhy in the news? Earth reaches its farthest point from the Sun, known as aphelion, every July, and it did so this year on 5th source:eduhub Why Aphelion Occurs? The aphelion occurs due to Earth’s elliptical orbit around the Sun, a common trait for all planets in our solar system, according to geologist Kirby Runyon. …
Read MoreSYLLABUS: GS 2: Government policies and interventions for development in various sectors and issues arising out of their design and implementation. Focus: In a significant yet controversial order in P. Navin Kumar (2024), by Justice G.R. Swaminathan of the Madras High Court, the religious practice of angapradakshinam has been allowed. Source: Bar Bench Religion and …
Read MoreSyllabus: GS-3- Economic and overall development , Stock market and the growing share of it. Focus : The article focuses on the evolving trust in the stock market, driven by unprecedented liquidity, central bank policies, and changing investor behavior. It explores the factors sustaining the bullish trend, the challenges faced by fund managers, and the …
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