Status of the total renewable energy capacity in the country Subject: Economy Context: There has been a marked increase in new capacity additions of wind and solar, particularly rooftop solar, in the first quarter of FY21. Concept: Total renewable energy capacity in the country was, as of July 31, a shade under the […]
GM soybean Subject: Science and Technology Context : With the soya prices soaring, crossing the ₹1 lakh (a tonne) mark, poultry breeders have written an SOS to the Government, asking for permission to import GM soyameal from the US, Brazil and Argentina Concept: GM soybean is one of the most widely planted genetically modified […]
Liquidity Control by RBI Subject: Economy Context: The economy has not yet bounced back to levels where the Reserve Bank of India (RBI) can start draining out the liquidity, Finance Minister Nirmala Sitharaman has said Concept: The relationship between the Government and the RBI is both are working as partners to address the […]
Port of Ningbo Subject: Geography Context: In what could potentially threaten global supply chains and impact maritime trade, China has partially shut down the world’s third-busiest container port after a worker there tested positive for Covid-19. The Meishan terminal at Ningbo-Zhoushan port, which is south of Shanghai, accounts for over a fourth of the […]
5G Subject: Technology Context: The launch of commercial 5G in India has the potential to increase the median download speed by up to 10 times compared to the download speeds offered currently by 4G- LTE (long term evolution) networks, global internet testing Ookla said in a report Concept: As per global internet testing […]
Retail Inflation Subject: Economy Context: Retail inflation cooled slightly to 5.6% in July, slipping below the central bank’s upper tolerance threshold of 6% for the first time in three months, even as industrial output growth halved from 28.6% in May to 13.6% in June, as base effects from the national lockdown of 2020 […]
Demerit or sin goods Vs merit good Subject: Economy Concept: Demerit or sin goods In economics, a demerit good is “a good or service whose consumption is considered unhealthy, degrading, or otherwise socially undesirable due to the perceived negative effects on the consumers themselves”. It is over-consumed if left to market forces. Examples […]
Crypto tokens Subject: Polity Context : Hackers pulled off the biggest ever cryptocurrency heist on Tuesday, stealing $613 million in digital coins from token-swapping platform Poly Network, only to return $260 million worth of tokens less than 24 hours later, the company said Concept: Poly Network Poly Network is a decentralized finance (DeFi) platform […]
Sovereign right to taxation Subject: Polity Context : Seven years after coming to power, the BJP-led government recently decided to withdraw the retrospective taxation amendment in the I-T Act introduced in March 2012, by Pranab Mukherjee, the then Finance Minister in the UPA government. Concept: Sovereign right to taxation In India, the Constitution gives […]