Limits To Growth Subject: Environment Section: Sustainable Development Context: Resource depletion Concept- The club of Rome was formed in 1968 in Rome to study the common futures of earth. In 1972, the club of Rome released a paper “limit to growth”. Under this paper, a detailed analysis was done on mankind’s sustainability whether […]
Shadow Banking Subject: Economy Section: Banking Policy Why in the news? Infrastructure Leasing & Financial Services Ltd (IL&FS) has addressed debt resolution of Rs 55,000 crore, or nearly 55 per cent of the debt, after the group became a defaulter, and the government superseded its board in October 2018. Issue? Shadow banks were […]
Sri Lanka Economic Crisis Subject: Economy Section: External sector Context: Sri Lanka is going through its worst economic crisis since 1948 when the country gained independence. Issue? Inflation– surged to around 15% in february2022, the prices of essential items such as food, fuel and medicines rose to a record high leading to state […]
Import policy Subject: Economy Section: External sector Context: To augment domestic supplies of pulses and stabilize their retail prices, the government has extended the ‘free-import’ policy for two varieties — tur and urad — by a year to the end of FY23. Concept: In India, the import and export of goods is governed […]
WTO-EU Norms Subject: Economy Section: External sector Context: India has complained at a WTO meeting of the sanitary and phytosanitary committee about the new regulations imposed by the EU restricting the export of a broad range of commodities including several spices, guar gum, calcium carbonate and food supplements containing botanicals originating from India, […]
Disruption of essential services in nationwide strike Subject: Polity Section: MSc Context: Nationwide strike has disrupted essential services Concept: What are Essential Services? The Essential Services Maintenance Act, 1968 is an Act to provide for the maintenance of certain essential services and the normal life of the community. Essential service as per the […]
Trips Waiver Subject: Economy Section: IPR Context: India risks being left out of TRIPS waiver New Draft TRIPS Waiver plan Draft waiver includes only COVID-19 vaccines and not other COVID-19 medical products Draft waiver proposes to waive only patents and not other IP rights. Draft waiver is not universal. Only those developing countries […]
Daily Practice Sheet 29 March 2022 Daily Prelims Topics Rubber cultivation in India BSP chief Mayawati says will not accept the post of President Cobots rising The move to ease voting for overseas citizens India’s GDP composition National Clearing Ltd Currency in circulation Foreign Asset Investigation Unit (FAIU) BIMSTEC TB vax: Serum […]