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Difference Between Economy and Economics Economy The term economy encompasses the collective activities of individuals and institutions in a specific region or country as they engage in the production, distribution, exchange, and consumption of goods and services. These activities are fundamentally social in nature and involve the processes of buying, selling, or bartering. The economy …
Read MoreWhy in the news? Hezbollah retaliates after Israeli strike wounds three in eastern Lebanon; ongoing tensions escalate amid cross-border exchanges. About Hezbollah Retaliates Against Israeli Attack: Israeli Strike in East Lebanon: According to Lebanese official media, an Israeli airstrike wounded three individuals in eastern Lebanon on Monday. The strike targeted a factory in Sifri, located …
Read MoreSyllabus: GS 2: Government Policies and Interventions GS 3: Growth and Development , Information Technology & Computer Focus: Recent controversies surrounding spectrum allocation policies, particularly regarding the role of auctions versus administrative assignments, have prompted discussions about the optimal approach for managing telecom resources. Source: TNN The Evolution of Spectrum Allocation The 3G Spectrum auction …
Read MoreWhy in the news? Philippine President rejects retaliatory use of water cannon against China’s vessels, affirming commitment to peaceful resolution in South China Sea. About the Philippines Rejects Water Cannon Response: President Ferdinand Marcos announced on Monday that the Philippines won’t retaliate against China’s use of water cannons on its vessels. This decision is a …
Read MoreWhy in the news? Germany recalls Russian envoy over state-sponsored cyberattack targeting Chancellor Scholz’s party members, attributed to APT28; Russia denies involvement About the Germany Recalls Russian Ambassador: Germany has temporarily withdrawn its Russian Ambassador following a cyberattack. Chancellor Olaf Scholz’s Social Democratic Party members were targeted in the attack, confirmed by a government investigation. …
Read MoreWhy in the news? Hamas accepts Egyptian-Qatari ceasefire; Israel silent. 100,000 Palestinians evacuated from Rafah amid looming ground invasion. Ceasefire details unclear. source:BBC About Hamas Accepts Ceasefire Proposal: Hamas announced acceptance of an Egyptian-Qatari ceasefire proposal to end the seven-month-long conflict with Israel in Gaza. This announcement followed Israel’s evacuation order for 100,000 Palestinians from …
Read MoreWhy in the news? RBI Governor suggests permanent transaction deletion to enhance e-rupee anonymity, aiming to match paper currency’s level of privacy. source:enterslice About the RBI Governor’s Remarks on E-Rupee Anonymity: RBI Governor Shaktikanta Das proposed permanent deletion of transactions to enhance anonymity in e-rupee or CBDC. This measure aims to align digital currency with …
Read MoreWhy in the news? India Ratings revises FY25 GDP growth forecast to 7.1% from 6.5%, citing strong government spending and improved corporate balance sheets. About the Upgraded Growth Projection: • India Ratings and Research revised FY25 GDP growth forecast to 7.1% from 6.5%. • The upgrade is attributed to strong government capital expenditure and improved …
Read MoreWhy in the news? April’s services PMI eased to 60.8 from 61.2 in March, indicating a slight slowdown in expansion, driven by strong new orders. Overview of April’s Services Sector Performance: The HSBC India Services Business Activity Index dipped slightly from 61.2 in March to 60.8 in April, indicating a moderation in the pace of …
Read MoreWhy in the news? Polynyas release more heat and moisture, fueling cloud formation, trapping heat, and hindering sea ice refreezing. About Polynyas: A polynya is an area of open water surrounded by sea ice, categorised into coastal and mid-sea types. Coastal polynyas form near Antarctic and Arctic coasts due to strong winds pushing ice …
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