Counter MEASURE project Subject – Environment Context – An estimated 11 million metric tonnes of plastic are entering the world’s oceans every year, and without urgent action, this number is set to increase to 23-37 million tonnes by 2040. Concept – The Counter MEASURE project works to identify sources and pathways of plastic […]

    Daily Prelims Notes 9 November 2021 Table Of Contents UNESCO ‘Creative City Network’ Project Sampoorna Non-Military Pre-emptive Strike Padma Awards Tehreek-­e-­Taliban Pakistan Leonids Meteor Shower Indian Submarines The Food Safety and Standards (Import) First Amendment Regulations 2021 Govt mulling levy of I-T, GST on cryptos T+1 settlement cycle New Scheme To Digitise PACs FPIs […]

    Taklamakan Desert Subject – IR Context – China builds mock-ups of U.S. Navy warships Concept – Desert Location Borders Taklamakan Desert   It is a desert in Southwest Xinjiang in Northwest China It is bounded by the Kunlun Mountains to the south, the Pamir Mountains to the west, the Tian Shan range to the north, and the Gobi […]

    No-Frill Accounts Scheme Subject – Economy Context – ‘India now ahead of China in financial inclusion metrics’ Concept – India is now ahead of China in financial inclusion metrics, with mobile and Internet banking transactions rising to 13,615 per 1,000 adults in 2020 from 183 in 2015 and the number of bank branches inching up to 14.7 per 1 lakh […]

    FPIs Investment in Debt Securities Subject – Economy Context – FPIs can buy debt securities issued by InvITs, REITs: RBI Concept – The Reserve Bank of India said foreign portfolio investors can acquire debt securities issued by Infrastructure Investment Trusts and Real Estate Investment Trusts. Such investments shall be reckoned within the limits […]

    New Scheme To Digitise PACs Subject – Agriculture Context – Centre holds consultations with States and UTs on new scheme to digitise PACs Concept – The Centre held a virtual consultation with 32 States and Union Territories on a new central scheme to modernise and digitalise over 97,000 primary agriculture cooperative societies (PACs) […]

    T+1 settlement cycle Subject – Economy Context – In global first, bourses to move to T+1 settlement from Feb 25 Concept – Come February 25, India’s stock market will become the fastest in the world in terms of payout of money to clients and trade settlement. Despite a pushback from foreign portfolio investors […]

    Govt mulling levy of I-T GST on cryptos Subject – Economy Context – Govt mulling levy of I-T, GST on cryptos; Bill in Winter Session Concept – Cryptos are likely to attract both income tax and GST. If there is gain or income from crypto, it should be taxed per capital gains rules. […]

    The Food Safety and Standards (Import) First Amendment Regulations 2021 Subject – Governance Context – FSSAI tightens norms for global firms bringing food products into India Concept – To ensure import of safe food products, the FSSAI has notified a new regulatory framework for foreign facilities that bring food items to India. Under […]

    Indian Submarines Subject – Defence and Security Context – Last week, the CBI filed two chargesheets against serving and retired naval officers, and some others, for allegedly sharing details of the ongoing modernisation project of India’s Kilo Class submarines. Cboncept – The Kilo Class submarines comprises imported submarines that are being retrofitted. Currently, […]