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SAMAR Air Defence System

Central Idea In a major success for its in-house design and development efforts, the Indian Air Force has successfully testfired its SAMAR air defence missile system. About SAMAR Air Defence System Details Full Name Surface to Air Missile for Assured Retaliation (SAMAR) Type Short-range air-defence system Developed By A unit under the IAF’s Maintenance Command… Continue reading SAMAR Air Defence System

Outcomes of COP28: Progress and Challenges in Climate Action

Central Idea Annual Climate Summit: The 28th session of the Conference of the Parties (COP28) was held in Dubai, under the United Nations Framework Convention on Climate Change (UNFCCC). High Expectations: There were significant expectations for countries to take decisive steps in addressing the climate crisis. Key Focus Areas: Discussions at COP28 revolved around mitigation,… Continue reading Outcomes of COP28: Progress and Challenges in Climate Action

In news: Mullaperiyar Dam

Central Idea Tamil Nadu cancelled the decision to open the spillway shutters of Mullaperiyar dam after a lull in rainfall and reduced inflow of water to the dam. Do you know? The Mullaperiyar dam is located in Kerala on the river Periyar but is operated and maintained by the neighbouring state of Tamil Nadu. John… Continue reading In news: Mullaperiyar Dam

World Bank sets up task force for MDB Reform Plan

Central Idea The World Bank has established a task force dedicated to examining recommendations for enhancing multilateral development banks (MDBs). This move follows the suggestions made by an independent experts’ group during India’s G20 presidency, as announced by World Bank Group President Ajay Banga. About World Bank Details Establishment July 1944, during the United Nations… Continue reading World Bank sets up task force for MDB Reform Plan

Supreme Court clarifies Enforcement Directorate’s Arrest Procedures

Central Idea The Supreme Court ruled on the procedures for arrests made by the Enforcement Directorate (ED). About Enforcement Directorate (ED) Details Establishment May 1, 1956 Initially set up as an ‘Enforcement Unit’ Mandate Enforces economic and financial regulations Jurisdiction Nationwide Legal Authority – Prevention of Money Laundering Act, 2002 – Foreign Exchange Management Act,… Continue reading Supreme Court clarifies Enforcement Directorate’s Arrest Procedures

India Tops Global Remittance Inflows in 2023: World Bank Report

Central Idea In 2023, India witnessed the highest remittance inflows globally, amounting to USD 125 billion. The surge was influenced by various factors, including India’s currency agreement with the UAE. World Bank’s Analysis on Remittance Growth Report Findings: The World Bank’s report indicates a slowdown in remittance growth in India to 12.4% in 2023, down… Continue reading India Tops Global Remittance Inflows in 2023: World Bank Report

RBI tightens norms for Alternative Investment Funds (AIFs)

Central Idea The Reserve Bank of India (RBI) has introduced tighter norms for Regulated Entities (REs) to curb the practice of evergreening loans through investments in Alternative Investment Funds (AIFs). The norms apply to all banks, all India Financial Institutions, and Non-Banking Financial Companies (NBFCs), including Housing Finance Companies. About Alternative Investment Funds (AIFs) Details… Continue reading RBI tightens norms for Alternative Investment Funds (AIFs)

Fewer migratory birds in Sultanpur National Park this season

Central Idea The Sultanpur National Park has observed a 20-30% decrease in the number of migratory birds this season, as reported by forest department officials. Estimates show a reduction in bird numbers, with current figures ranging between 8,000 to 10,000, compared to the expected 15,000. About Sultanpur National Park Sultanpur NP is located at Sultanpur… Continue reading Fewer migratory birds in Sultanpur National Park this season

US launches ‘Operation Prosperity Guardian’ to secure Red Sea

Central Idea US Defense Secretary Lloyd Austin announced the creation of Operation Prosperity Guardian to protect Red Sea commerce. This follows missile and drone attacks by Yemen’s Iran-aligned Houthis. Operation Prosperity Guardian Countries Involved: The U.K., Bahrain, Canada, France, Italy, Netherlands, Norway, Seychelles, and Spain are participating. Joint Patrols: These nations will conduct joint patrols… Continue reading US launches ‘Operation Prosperity Guardian’ to secure Red Sea

Decoding the Annexation of Goa: Operation Vijay and Historical Context

Central Idea Liberation of Goa: On December 19, 1961, India successfully annexed Goa, ending years of Portuguese colonial rule. Criticism of Nehru: Prime Minister Narendra Modi accused former Prime Minister Jawaharlal Nehru of not supporting Goan satyagrahis and delaying military action. Goa’s Colonization: A Historical Overview Portuguese Rule: Goa became a Portuguese colony in 1510… Continue reading Decoding the Annexation of Goa: Operation Vijay and Historical Context

2024: Celebrating the International Year of Camelids

Central Idea The United Nations has declared 2024 as the International Year of Camelids. This declaration aims to highlight the crucial role of Camelids in the lives of people globally. About Camelids FAO’s Statement: According to the Food and Agricultural Organization (FAO), Camelids significantly impact millions of households in over 90 countries. Species Included: Camelids… Continue reading 2024: Celebrating the International Year of Camelids

Gelephu Mega-City Project

Central Idea The Gelephu “mindfulness” mega-city project, announced by King Jigme Khesar Namgyel Wangchuck, is set to be a pivotal task for Bhutan’s future PM. This Special Administrative Region (SAR) project in the Bodoland Territorial Region (BTR) aims to address economic challenges and reverse youth migration trends. About Gelephu Project Details Location Gelephu, Sarpang district,… Continue reading Gelephu Mega-City Project

Telecommunications Bill, 2023: Emphasizing National Security and Regulatory Framework

Central Idea The Telecommunications Bill, 2023, was introduced in the Lok Sabha focusing on the development and regulation of telecommunication services and networks. The Bill aims to consolidate existing laws and adapt to the evolving nature of telecommunications, emphasizing national security and inclusive digital growth. Telecommunications Bill, 2023 Replaces Existing Acts: The Bill seeks to… Continue reading Telecommunications Bill, 2023: Emphasizing National Security and Regulatory Framework

India Launches First Winter Expedition to the Arctic

Central Idea Launch of Winter Expedition: India embarks on its first-ever winter expedition to the Arctic, starting this week. Significance: With this initiative, India’s Himadri becomes the fourth research station in the Arctic to be manned year-round. Arctic Region and Its Global Impact Geographical Location: The Arctic Circle lies north of latitude 66° 34’ N,… Continue reading India Launches First Winter Expedition to the Arctic

Analysis of Declining CAG Audits Tabled in Parliament

Central Idea In 2023, only 18 audits prepared by the Comptroller and Auditor General (CAG) were tabled in the Indian Parliament, continuing a trend of decreasing numbers in recent years. Comptroller and Auditor General (CAG) Constitutional Office: The Comptroller and Auditor General of India (CAG) is an independent constitutional authority responsible for overseeing financial administration… Continue reading Analysis of Declining CAG Audits Tabled in Parliament

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