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Labour force participation

What’s the news? The issue of employment has been a central topic in economic policy discussions, especially in recent decades, as the correlation between economic growth and job creation has appeared fragile. Central idea The COVID-19 pandemic intensified economic disruptions, causing financial distress, surging unemployment, and rural migration. The 2022-23 labor force survey shows rising… Continue reading Labour force participation

Finfluencers: What You Need to Know

Central Idea A recent front-page advertisement in a business daily, featuring a financial influencer (finfluencer), YouTube’s logo, and the IT Ministry’s logo, has stirred controversy and raised concerns about the role of finfluencers and their impact. Understanding Finfluencers Finfluencers are individuals with a significant presence on social media platforms who offer financial advice, share personal… Continue reading Finfluencers: What You Need to Know

Operation Ajay to evacuate Indian nationals from Israel

Central Idea India has initiated Operation Ajay to evacuate its citizens who wish to return from conflict-ridden Israel. External Affairs Minister S. Jaishankar announced this operation, emphasizing the safety and well-being of Indian nationals abroad. Operation Ajay Evacuation Plan: Special chartered flights and other arrangements are being organized for the return of Indian citizens from… Continue reading Operation Ajay to evacuate Indian nationals from Israel

New Royalty Rates for Strategic Minerals, Lithium and REEs

Central Idea The Centre has approved royalty rates of 3% each for lithium and niobium and 1% for Rare Earth Elements (REEs). These changes enable competitive royalty rates for these strategically vital minerals (critical minerals) and open the doors to private sector participation through concession auctions. What are Critical Minerals? Critical minerals are elements that… Continue reading New Royalty Rates for Strategic Minerals, Lithium and REEs

Debate on UN Security Council reform

What’s the news? The issue of fundamental reforms at the United Nations (UN) has resurfaced at the ongoing General Assembly session. Central idea President Recep Tayyip ErdoÄŸan of Türkiye has declared that the Security Council no longer guarantees world security but serves as a battleground for a select few. UN Secretary-General António Guterres warns that… Continue reading Debate on UN Security Council reform

Climate Change Trends: Trends, Shifts, or Decadal Cycles

Central Idea Studies have highlighted various climate phenomena in India, including declining monsoon rainfall, intensifying extreme weather events, droughts, heatwaves, and cyclones. However, a critical question that demands attention is whether these changes represent long-term trends, abrupt shifts, or decadal cycles. These distinctions hold significant implications for resource planning and management. Understanding Climate Change Terminology… Continue reading Climate Change Trends: Trends, Shifts, or Decadal Cycles

Baiga Tribal group gets habitat rights in Chhattisgarh

Central Idea The Baiga Particularly Vulnerable Tribal Group (PVTG) recently became the second community in the state to receive habitat rights, following the Kamar PVTG in Chhattisgarh. Habitat rights recognition marks a crucial step towards preserving the culture, livelihoods, and heritage of these indigenous groups. Baiga PVTG The Baiga are an ethnic group found in… Continue reading Baiga Tribal group gets habitat rights in Chhattisgarh

Direct Tax Collections surged by 21.8%

Central Idea India’s net direct tax collections have surged, exceeding over half of this year’s Budget estimates. By October 9, the collections had grown by 21.8% to reach ₹9.57 lakh crore. Factors Driving Tax Collections Personal Income Tax Growth: Personal income tax collections have seen a remarkable increase of 32.5%, reflecting higher income levels and… Continue reading Direct Tax Collections surged by 21.8%

Sri Lanka to take over as Chair of Indian Ocean Rim Association (IORA)

Central Idea Sri Lanka is set to take over Chair of the Indian Ocean Rim Association (IORA) succeeding Bangladesh. It will hold this prestigious position for the next two years. About Indian Ocean Rim Association (IORA) Establishment: Founded in 1997, IORA serves as a regional forum aimed at fostering understanding and mutually beneficial cooperation through… Continue reading Sri Lanka to take over as Chair of Indian Ocean Rim Association (IORA)

Scheduled Areas in India: A Constitutional Framework

Central Idea India’s diverse landscape is home to 705 Scheduled Tribe (ST) communities, constituting 8.6% of the nation’s population. These communities reside across 26 States and six Union Territories. A crucial constitutional provision, Article 244, governs the administration of Scheduled and Tribal Areas, significantly impacting the lives of STs. Constitutional Framework for STs Fifth Schedule… Continue reading Scheduled Areas in India: A Constitutional Framework

India’s Unemployment Rate Declines: PLFS 2022-2023

Central Idea The latest findings from the Periodic Labour Force Survey (PLFS), conducted by the National Sample Survey Office (NSSO), reveal a decrease in India’s unemployment rate for the period between April and June 2023. This encouraging trend is accompanied by improvements in the Labour Force Participation Rate (LFPR) and the Worker-Population Ratio (WPR), signifying… Continue reading India’s Unemployment Rate Declines: PLFS 2022-2023

The banking sector is leading the journey towards an Atmanirbhar Bharat

What’s the news? Despite facing numerous challenges in the past quarter-century, including economic crises, pandemics, and geopolitical tensions, India’s banking and financial sector has continued to evolve and adapt. Central idea India’s remarkable growth and stability over the past 25 years have placed the country at the forefront of global optimism. This shift is attributed… Continue reading The banking sector is leading the journey towards an Atmanirbhar Bharat

Multimodal Artificial Intelligence: A Revolution in AI Comprehension

What’s the news? Leading AI companies are entering a new race to embrace multimodal capabilities. Central idea AI’s next frontier is undoubtedly headed toward multimodal systems, enabling users to interact with AI through various sensory channels. People gain insights and context by interpreting images, sounds, videos, and text, making multimodal AI a natural evolution for… Continue reading Multimodal Artificial Intelligence: A Revolution in AI Comprehension

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