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Syllabus: GS 3: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Why in the News? The Ministry of Mines has scrapped the auction for J&K’s lithium block in Reasi for the second time due to weak investor response, highlighting challenges in extraction, processing, and reporting standards that deter potential …
Read MoreRelevance: GS – 2 – Issues and challenges pertaining to the federal structure; Important aspects of Governance, Transparency and accountability Why in the News? The recent tragic deaths of Shreya Yadav, Nivin Dalwin, and Tanya Soni on July 27, trapped in the basement of a civil services examination coaching centre in Delhi’s Old Rajinder Nagar, …
Read MoreSyllabus: GS-3- Budget , fiscal consolidation , economic development Focus : The article focuses on the recent Budget’s clear objectives for fiscal consolidation and economic growth while highlighting the uncertainties in its implementation strategies. It scrutinizes the differences between the interim and final Budgets, assesses the effectiveness of revenue and expenditure measures, and underscores the …
Read MoreWhy in the news? Global EV sales were 14 million in 2023, but adoption rates are lower than needed for climate goals. Major EV markets: China, Europe, and the US, account for 95% of sales. Countries like Norway and Sweden show high EV adoption, while others lag. India’s EV Strategy: India’s EV sales are growing …
Read MoreWhy in the news? The Mumbai court’s decision highlights the significance of procedural safeguards under PMLA, challenging the Enforcement Directorate’s arrest procedures. source:toi About Directorate of Enforcement (ED): Function: Investigates money laundering and foreign exchange law violations under the Department of Revenue, Ministry of Finance. Structure: Headquartered in New Delhi; led by Director, with regional …
Read MoreWhy in the news? Leftist parties face a crisis due to shifts in the traditional working-class base and a move towards educated elites. Recent election losses in the UK and France reflect diminished appeal. US Democrats struggle with falling approval ratings and competition from right-wing populism. Necessary Changes: Need to reconnect with working-class voters by …
Read MoreWhy in the news? Indian exporters face higher freight costs, increasing working capital needs and impacting profit margins, particularly hurting small businesses. source:wordpress About Rising Freight Costs: Fourfold Increase: Recent container freight rates have surged fourfold, significantly impacting Indian exporters’ profit margins. Working Capital Strain: Increased freight costs are raising working capital requirements, particularly affecting …
Read MoreWhy in the news? Quad nations expand maritime partnership to the Indian Ocean, call for global peace in the Ukraine, Gaza, and Myanmar crises. source:researchgate About Indo-Pacific Maritime Domain Awareness (IPMDA): Launched at 2022 Quad Leaders’ Summit in Tokyo. Track “dark shipping” and improve maritime visibility. Scope: Integrates Pacific Islands, Southeast Asia, and Indian Ocean …
Read MoreWhy in the news? Telangana faces a severe drug problem, with Hyderabad as a key transit hub. Officials aim to target suppliers, not users. source:toi Government Actions: High-Profile Busts: Telangana recently uncovered a major international drug ring and seized ₹8 crore worth of synthetic drugs. Focus and Concerns Targeting Producers: Home Minister Amit Shah emphasised …
Read MoreWhy in the news? A rocket attack in the Israeli-occupied Golan Heights killed 12 people, escalating tensions between Israel and Hezbollah. Hezbollah denied involvement in the attack, but the group’s attacks have intensified in response to Israeli actions in Gaza. Israel plans a strong retaliation against Hezbollah, which is backed by Iran. source:lotusrise About Conflict …
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