TRADE IMPACTS OF RUSSIA- UKRAINE CONFLICT TOPIC: IR Context- The Russia-Ukraine conflict could weigh heavily on India’s tea exports to the CIS if the situation does not settle down quickly. Concept- Impact on India Tea Exports: Tea exports to CIS account for nearly 23-24 per cent of the country’s total exports. Of this, […]
UKRAINE AGRI STATISTICS TOPIC: IR Context- The escalating strife between Ukraine and Russia is expected to impact barley prices and this could affect domestic beer companies, which are already reeling under high costs of packaging material. Barley accounts for 30 per cent of raw material costs for United Breweries. Concept- Ukraine is among […]
Tribunal Reforms Act 2021 TOPIC: Polity Context- The Supreme Court on Thursday said the government’s move to introduce a statute last year on key tribunals after the court struck down Tribunal Reforms (Rationalisation and Conditions of Service) Ordinance of 2021. may amount to dishonouring its judgment. Concept- Tribunal Reforms Act, 2021: Salient Features: […]
GST INVOICES TOPIC: Economy Context- Finance Ministry is considering more measures to curb fake invoices under Goods & Services Tax. Concept- What motivates fraudsters to use fake invoices? Fake invoices are used because it not only helps evade GST on taxable output supplies by availing undue ITC and converting excess ITC into cash […]
MUGHAL ERA COINS TOPIC: Art & Culture Context- A piece of antiquity billed as a rarity — a one-rupee silver coin struck at Kabul mint by Shah Jahan to declare rebellion against his father Jahangir in 1627 — is going under the hammer in Bengaluru on February 26. Concept- The coin has been […]
Daily Practice Sheet 24 February 2022 Daily Prelims Topic ZERO BUDGET NATURAL FARMING (ZBNF) SUGARCANE FRP ARAVALI CARBON CAPTURE & UTILISATION TECHNOLOGIES UNEA (United Nations Environment Assembly) APEX PREDATORS MONEY LAUNDERING CONSTITUTION OF INDIA Plastic Waste Management (Amendment) Rules 2022 RESERVE CURRENCY UNCLAIMED BANK DEPOSITS SUMMONING OF SESSION IN AN ASSEMBLY CSE […]