Subject: Economy Context: The Reserve Bank of India (RBI) has indicated that the economy which is expected to contract for the first time ever, will take “quite some time to mend and regain” the pre-Covid momentum. Findings: Although data on Gross Capital Formation are not yet available for 2019-20, underlying indicators point to investment having […]
Subject: Agriculture Context: Crop rotation and diversity should be promoted to mitigate the environmental effects of growing just rice and wheat Concept: Mono cropping Mono-crop farming is the practice of growing large amounts of one crop on the land. This practice was recognized as a very economical way to provide farmers with a way to […]
Subject: Environment Context: The Maruvan project strives to rejuvenate an arid stretch of the Marwar region in Rajasthan hopes by restoring the native forests by developing patches using the Miyawaki technique of rejuvenation. Concept: Miyawaki is a technique pioneered by Japanese botanist Akira Miyawaki, that helps build dense, native forests. The approach is supposed to […]
Subject: Arts and culture Concept: Since the 15th century, the Bishnoi community in Rajasthan has been devoted to environmental protection. In 1485, the Bishnoi tradition was born in the hands of Guru Jambeshwar, a Rajput chieftain of Marwar, in western Rajasthan. He formulated 29 commandments, which a Bishnoi is expected to follow until death. Of […]
Subject: Economy Context: The government may consider bringing down Goods and Services Tax (GST) on two-wheelers from the highest slab of 28% as they are neither a luxury nor a sin good, hence merit a rate revision Concept: A sin tax is levied on specific goods and services at the time of purchase. These items receive the excise […]
Subject: Economy Context: The Reserve Bank of India announced that it will conduct open market operations or OMO of government t securities worth ₹20,000 crore in two tranches. Concept: Open market operation is the sale and purchase of government securities and treasury bills by RBI without printing new currency. Open market operation is a tool that […]
Subject: Schemes Context: Indian government is temporarily allowing investment towards efforts to find effective medicines and vaccines against Covid-19 to be considered as fulfilment of a company’s Corporate Social Responsibility (CSR) obligations. Concept: Corporate social responsibility (CSR) is a self-regulating business model that helps a company be socially accountable—to itself, its stakeholders, and the public. India […]
Subject: Science and tech Context: Researchers have published a comprehensive analysis of the relative potential risks of coronavirus faced by 410 animal species. Concept: Since the Covid-19 pandemic began, there have been widely reported instances of a few animals cats, dogs, tigers — being infected with the novel coronavirus, usually transmitted by humans. The 410 species analysed are vertebrates […]
Subject: Arts and culture Context: With a view to promote Indian folk art, National Fertilizers Limited (NFL) a PSU under the Department of Fertilizers has displayed Maharashtra’s famous Warli painting on the outer walls of its Corporate Office in Noida. Concept: Warli is the name of the largest tribe found on the northern outskirts of […]
Subject: Schemes Context: The Centre has written to State Governments and UTs to include all eligible disabled persons under the National Food Security Act, NFSA 2013. Concept: The National Food Security Act (NFSA) is responsible for the provision of subsidized food grains to the population. The enactment of the NFSA marks a watershed in the […]