Daily Prelims Notes 17 March 2022 Table Of Contents Foreign Direct Investment Daylight Saving Time (DST) Circular Economy Coal Reserves In India Blue Hydrogen Not Really Green Nuclear Batteries De-dollarization UNSC Vote Patent Rights On Covid-19 Jabs 1. Foreign Direct Investment Subject: Economy Section: External Sector Context- 347 FDI proposals received from […]
Patent Rights On Covid-19 Jabs Subject: Science and tech Section: Intellectual Property Rights Context: According to a proposal by the EU, Intellectual Property Rights (IPR) held by international pharmaceutical companies on Covid-19 vaccines may be relaxed for up to five years. Background: A two-year-old dispute at the WTO involve India, the US, South […]
UNSC Vote Subject: IR Section: International Organisation Context: Recent voting by India on Ukraine issue Concept: UN Security Council Voting System: The voting system in the UNSC is rigid. Every vote counts as the resolutions adopted by the UNSC are mandatory for all members of the UN. Chapter VII of UN charter ‘Actions […]
De-dollarization Subject: Economy Section: External Sector Concept: De-dollarization is a process of substituting the US dollar as the currency used for: Trading oil and/ or other commodities Buying US dollars for the forex reserves Bilateral trade agreements Dollar-denominated assets It happens when the leading central banks diversify their reserves away from the USD […]
Nuclear Batteries Subject: Science & Tech Section: Nuclear energy Context- From fuel to outer space power plants, the world is developing different usages of nuclear energy to explore the deep space. Concept- About Nuclear Batteries: A radioisotope thermoelectric generator (RTG, RITEG) is a type of nuclear battery that uses an array of thermocouples […]
Blue Hydrogen Not Really Green Subject: Environment Section: Sustainable development Context- Reliance Industries on February 12 announced an intent to become “the world’s top blue hydrogen producer” by repurposing a Rs 30,000 crore synthetic gas plant to manufacture the fuel. Globally, there is an increased interest in blue hydrogen. Concept- Hydrogen Fuel: Hydrogen […]
Coal Reserves In India Subject: Geography Section: Economic geography Concept- Coal Reserves in India: India holds 107,727 million tons (MMst) of proven coal reserves as of 2016, ranking 5th in the world and accounting for about 9% of the world’s total coal reserves of 1,139,471 million tons (MMst). India has proven reserves equivalent […]
Circular Economy Subject: Environment Section: Sustainable Development Context- In the Budget speech this year, the Finance Minister, Nirmala Sitharaman, emphasised the role of cleaner technologies such as solar energy and batteries in India’s future economic growth. In addition, she mentioned the importance of transitioning to a circular economy from the existing linear one. […]
Daylight Saving Time (DST) Subject: Science and Tech Section: Msc Context- The United States Senate unanimously passed a law making daylight saving time (DST) permanent, scrapping the biannual practice of putting clocks forward and back coinciding with the arrival and departure of winter. Concept- With clocks in the US going back an hour, […]
Foreign Direct Investment Subject: Economy Section: External Sector Context- 347 FDI proposals received from countries sharing land border with India; 66 approved. Concept- In April 2020, the government had made its prior approval mandatory for foreign investments from countries that share land border with India to curb opportunistic takeovers of domestic firms following […]