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Introduction The Finance Commission in India is a constitutional body responsible for allocating financial resources between the central government and the States. It promotes fiscal stability, fiscal autonomy for States, and the equalization of public services. Established under Article 280 of the Indian Constitution, it operates on a five-year cycle, impacting fiscal relations significantly and …
Read MoreSyllabus: GS 2: Welfare Schemes for Vulnerable Sections of the population by the Centre and States and the Performance of these Schemes. Issues relating to Poverty and Hunger. Why in the News? The recent bust of an inter-state baby trafficking racket by Telangana police has exposed a vast and organized network smuggling babies from Delhi …
Read MoreSYLLABUS: GS 3: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Focus: INDIA’S GDP DATA was keenly awaited, coming on the back of sovereign rating outlook upgrade by S&P and just days before the union election results are out. Source: Hindu India’s economy demonstrated an impressive growth rate of …
Read MoreSyllabus: GS-1- Pharmaceutical industry and overdependence on China ,Strategic significance Focus : The article highlights the need for diversifying pharmaceutical supply chains to reduce dependence on China, especially in the wake of the COVID-19 pandemic. It explores the current reliance on China for medical supplies and discusses the potential partnership between the United States and …
Read MoreSyllabus: GS-1: Role of womens Social Empowernment Why in the news? LinkedIn’s latest Economic Graph data reveals a troubling decline in women’s representation in leadership positions across various sectors since 2022. Despite earlier progress, structural barriers, societal norms, and biases continue to hinder women’s advancement, prompting renewed focus on gender diversity initiatives by policymakers and …
Read MoreWhy in the news? OPEC+ extended deep oil output cuts, totaling 5.86 million barrels per day, into 2025 to stabilize the market amidst tepid demand growth and high interest rates. The decision aims to address concerns over low oil prices, driven by slow demand in China and rising oil stocks in developed economies. About OPEC+: …
Read MoreWhy in the news? A forest fire engulfed the Gangera hills in Jammu & Kashmir’s Udhampur district, causing significant concern among local residents and authorities. The blaze, fueled by rising temperatures, highlights the increasing frequency of such incidents in the area. source:scribd About Gangera Hills: Scenic hills in Udhampur district, Jammu and Kashmir, India. Geographic …
Read MoreWhy in the news? Convicted in 1993 Mumbai blasts case murdered. Five undertrials allegedly attacked him in Kolhapur Central Prison. Incident prompts police probe and concerns over prison security. source:toi Key Facts about the Mumbai Terror Attacks: 1993 Mumbai bombings: Over 250 killed; attributed to Dawood Ibrahim. July 2006 Mumbai train bombings: Over 200 killed, …
Read MoreWhy in the news? Strong hybrids praised for cutting emissions, improving fuel efficiency without range anxiety of EVs. Onboard computer optimizes both drive trains in strong hybrids, offering an intermediate pathway to full electrification. source:finshot About Hybrid Vehicle: Combine Internal Combustion Engine (ICE) with Electric Propulsion system. Decarbonization Role: Hybrids have lower total carbon emissions …
Read MoreWhy in the news? The Reserve Bank of India’s Monetary Policy Committee is likely to maintain the repo rate at 6.5% due to persistent food inflation, signaling a cautious approach to monetary policy. Expectations suggest the MPC will keep the monetary policy stance unchanged, focusing on managing inflation and supporting economic growth amid uncertainties. About …
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