Liberalised Remittance Scheme (LRS) Subject – Economy Context – The outflow of foreign exchange under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) has bounced back in the first quarter ended June 30, 2021 after a steep fall during the year-ago period when the Covid pandemic hit countries across the world […]
Bubble Subject – Economy Concept – Bubbles occur when assets become artificially expensive, driven by a false belief known as a misconception. There are identifiers that might help spot potential, irrational exuberance in the market. Here are seven of them: Entry of new investors– About 1.42 crore new demat accounts were added in FY21, which is about threefold more than that seen in FY20. Leverage play – Leverage refers to the […]
Civil Reserve Air Fleet Subject – IR Context – U.S. Secretary of DefenseLloyd Austin enacted the rarely used Civil Reserve Air Fleet to order several airlines to help ease the bottleneck of people arriving from Kabul at US bases in the West Asia. Concept – The Civil Reserve Air Fleet is part of the United States’s […]
Shankaracharya Temple Subject – Art and Culture Concept – The Shankaracharya Temple is also known as the Jyeshteshwara Temple. It is situated on top of the Shankaracharya Hill on the Zabarwan Range in Srinagar, Jammu and Kashmir, It is locally known as Takht-e-Sulaiman. It is dedicated to Lord Shiva. The temple is at a height of 1,000 feet (300 m) above the valley floor and overlooks the city […]
Malabar Naval Exercise Subject – Security Context – The Quad countries — India, the U.S., Australia and Japan — will carry out the next edition of the Malabar naval exercise from August 26 to 29 off the coast of Guam amid mounting global concerns over China’s growing military muscle-flexing in the Indo-Pacific region. […]
Parliamentary Committees Subject – Polity Context- Amid growing demands for the restoration of Statehood for Jammu and Kashmir (J&K), the Union Territories of J&K and Ladakh have been visited by members of three parliamentary committees in the past 10 days. Concept – Any subject related to these committees is dealt with Article 118 […]
Kartarpur Sahib Gurdwara Subject – IR Context – Pakistan has decided to allow fully vaccinated Sikh pilgrims to visit Gurdwara Darbar Sahib, Kartarpur from next month with strict COVID19 protocols. Concept – Gurdwara Kartarpur Sahib, also known as the Gurdwara Darbar Sahib, is located in Pakistan’s Narowal district across river Ravi. It is one of the most significant historical and spiritual places for Sikhs. According to historians, the first Sikh Guru(Guru Nanak […]
Polio Subject – Science and Tech Context– The Health Ministry has decided to vaccinate returnees from Afghanistan with free polio vaccines as a preventive measure. Concept – Polio also called as Poliomyelitis. It is a viral disease that destroys the nerve cells present in the spinal cord, causing paralysis or muscle weakness to […]
Narcotic Drugs and Psychotropic Substances Act 1985 Subject – Legislations Context – The Delhi High Court has observed that the menace of drug abuse was on the rise in the country and its consequences “can be experienced across the board from causing economic issues to societal disintegration”. Concept – The Narcotic Drugs and […]
Swatantrata Sainik Samman Pension Scheme (SSSPS) Subject – Governance Context – The Delhi High Court has reiterated that the widowed daughter of a late freedom fighter is entitled to the benefit of the Swatantrata Sainik Samman Pension Scheme (SSSPS) as a dependent. Concept – This is a Central Scheme for the grant of pension to freedom fighters and their families from the Central Revenues. It was introduced by the Government of India. The Scheme provides for the […]