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Bitcoin Soars Past $110K Amid US Crypto Bill Why in the News? Bitcoin reached an all-time high of $110,000 after the US Senate advanced the GENIUS Act, a bipartisan crypto regulation bill. The legislation focuses on stablecoin regulation, boosting investor confidence and signaling a pro-crypto shift in US policy. Impact on Bitcoin and Market Confidence: …
Read MoreRBI Approves Record ₹2.68 Lakh Cr Dividend Transfer Why in the News? The RBI Board approved a record surplus transfer of ₹2.68 lakh crore to the Central Government for FY 2024-25. This decision, under the revised Economic Capital Framework, will support fiscal consolidation amid domestic and global economic uncertainties. The move comes as part of …
Read MoreSupreme Court’s CJI-Centric Culture Requires Immediate Fundamental Change Syllabus: GS-2: Judiciary, Judicial Review, Dispute Redressal Mechanisms Focus: On May 23, 2025, Justice Abhay Shreeniwas Oka retired after authoring over 370 judgments and joining 1,000 decisions. On his final day, he delivered eleven significant rulings and publicly criticised the Supreme Court’s Chief Justice of India (CJI)-centric …
Read MoreIndia’s Astronaut Sudhanshu Shukla Set to Embark on ISS Mission for Pioneering Space Agriculture Experiment In a landmark achievement for India’s space program and a significant development in aviation current affairs, Indian Air Force test pilot and astronaut Wing Commander Sudhanshu Shukla, an experienced pilot plane operator, is poised to participate in the upcoming Axiom …
Read MoreNew Bacterial Species Found on Tiangong Space Station: A Must-Know for UPSC & SSC A significant development in space microbiology has made headlines—Chinese scientists have discovered a previously unknown bacterial species named Niallia tiangongensis aboard the Tiangong Space Station. This breakthrough is important for aspirants of competitive exams like UPSC, SSC, CDS, NDA, CAPF, and …
Read MoreWhy in the News ? Trump’s high tariffs on Chinese imports are being compared to major past US policy shifts—the Nixon Shock and Volcker Shock—for their transformative impact on the global economy, trade balances, and monetary system, reigniting debates on protectionism and global trade. The Nixon Shock (1971): Collapse of Bretton Woods Post-WWII era (1949–1969) …
Read MoreWhy in the News ? The Indian government has scrapped the equalisation levy on digital ads, easing taxation on global tech firms like Google and Meta. The move aligns with U.S. trade negotiations, amid pressure to reduce tariffs before the April 2 deadline. Equalisation Levy and Its Impact: Introduced in 2016, the equalisation levy imposed …
Read MoreWhy in the News ? The Ministry of Electronics and IT (MeitY) submitted a status report to the Delhi High Court, highlighting concerns over deepfakes, AI-generated scams, and liability frameworks. The report stresses mandatory AI content disclosure and stricter enforcement against malicious actors. Concerns on Deepfake Regulation The Ministry of Electronics and IT (MeitY) submitted …
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