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Why in the News? The Oilfields (Regulation and Development) Amendment Bill, 2024 has been passed by Parliament, expanding the definition of mineral oils. It aims to enhance energy security, while opposition parties raise concerns over rising imports and declining domestic production. Key Provisions of the Bill: The Oilfields (Regulation and Development) Amendment Bill, 2024 has …
Read MoreWhy in the News? Amid global supply chain disruptions, Sudan’s dominant gum Arabic exports face challenges, impacting industries like food, pharmaceuticals, and cosmetics that rely on this key emulsifier, stabilizer, and binding agent. About Origin and Global Production: Gum Arabic is a dried, water-soluble exudate mainly obtained from two acacia species—Acacia senegal and Acacia seyal. …
Read MoreWhy in the News? The Caspian Sea, a unique landlocked body of water, has been shrinking since the mid-1990s, with this decline accelerating since 2005. This trend raises environmental concerns, impacting regional ecosystems and biodiversity. About Caspian Sea:Geography and Location The Caspian Sea, covering approximately 386,400 sq. km, is the largest inland water body globally, …
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