RBI’s Prudential Norms on Income Recognition- Asset Classification and Provisioning’ TOPIC: Economy Context- Loans can be upgraded from NPA to standard category only after repayment of arrears: RBI says in its Prudential Norms on Income Recognition, Asset Classification and Provisioning’. Concept- This means is that if a borrower has two credit facilities, with […]
INDIAN FEDERATION TOPIC: Polity Context- Prakash Javadekar writes: As the Constitution says, India is a Union of states. But it is a Union that is indestructible. Concept- The Union and its Territory: Part I of Indian Constitution is titled The Union and its Territory. It includes articles from 1- 4. ARTICLE 1 : […]
EXPENDITURE ON R&D TOPIC: Economy Context- To move from stagnation in R&D to a more dynamic ecosystem would require action on many fronts, including more government spending. Concept- The most used indicator to measure country-wise investments in R&D is the gross domestic expenditure on R&D (GERD) as the percentage of gross domestic product […]
RUBBER BILL 2022 TOPIC: Economy Context- The Union Ministry of Commerce and Industry has proposed to repeal the Rubber Act, 1947 and replace it with the Rubber (Promotion and Development) Bill, 2022. Concept- How is the Bill different from the Rubber Act of 1947? The Bill brings natural rubber, its cultivation, rubber plantations, […]
CHEETAH TRANSLOCATION TOPIC: Geography Context- A team of five experts will leave for Namibia February 17, 2022, to finalise details on translocating African cheetahs to India. Concept- The cheetah translocation project aims to bring African cheetahs to India, where the Indian cheetah was declared extinct in 1952. The cheetahs will be sourced mainly […]
RAVIDASSIA DERA TOPIC: Art & Culture Context- The Punjab Assembly poll was postponed to accommodate Guru RavidasJayanti which underlines the importance of the Ravidassia community in the state. Concept- About Ravidassias: The Ravidassias are a Dalit community of whom the bulk — nearly 12 lakh — live in the Doaba region. The DeraSachkhand […]
La-NINA TOPIC: Geography Context- The Australian Bureau of Meteorology (BoM) has cited climate models and observations to suggest that the 2021–22 La Nina phenomenon in the Equatorial East and Central Pacific, that drove a successful monsoon for India last year (2021). Concept- El Nino and La Nina are complex weather patterns resulting from […]
NATIONAL STOCK EXCHANGE (NSE) TOPIC: Economy Context- In April 2019, SEBI’s investigations unearthed evidence of gross negligence and a complete disregard for public and investor interests at the NSE. Concept- NSE: National Stock Exchange of India Limited (NSE) is the leading stock exchange of India, located in Mumbai, Maharashtra. The National Stock Exchange […]
PUBLIC ORDER TOPIC: Polity Context- The Karnataka High Court is hearing a challenge to the constitutionality of the state government’s ban on students wearing a hijab in educational institutions. Whether the state can justify the ban on the ground that it violates ‘public order’. Concept- What is public order? Public order is one […]