STRESSED ASSETS Topic: Economy Section: Money and banking Context: Banks’ plan to transfer 15 stressed assets aggregating about ₹50,000 crore to the National Asset Reconstruction Company Ltd (NARCL) by March end may face delay. Concept: Background: NARCL (also known as bad bank) has been set up by banks, will aggregate and consolidate select […]
WIPO REPORT Topic: IR Section: International organization Context: According to a recent report “Patent Landscape Report” on Covid-related vaccines and therapeutics from WIPO, extraordinarily active patent filing activity happened during Pandemic. Concept: The report comes amidst international negotiations for a temporary IP waiver on Covid-linked products, including vaccines, to facilitate greater access to these […]
BLOCKCHAIN GAMING TOPIC: Science & Tech Section: Computer Related Context- Many Indian gaming companies have expressed their interest in introducing elements of Blockchain technology into their games in the near future. Concept- What are blockchain games? Blockchain is a decentralised database that stores information. It relies on technology that allows for the storage […]
GREAT ANDAMANESE TRIBES TOPIC: Geography Section: Economic Geography Context- Anvita Abbi’s book’ Voices from the Lost Horizon’ encapsulates the worldview of the Great Andamanese tribe through its stories and songs, capturing a culture that is now extinct. Concept- About Tribes of Andaman Islands: The Andamanese are the various indigenous peoples of the Andaman […]
COUNTER MAGNETS & SATELLITE TOWNS TOPIC: Geography Section: Economic geography Context- The Government of Himachal Pradesh passed the Shimla Development Plan February 9, 2022, for the construction of a ‘counter-magnet’ and four satellite towns to decongest and transfer urbanisation load from the core Shimla city. Concept- A counter-magnet town is proposed to be […]
EXCISE DUTY ON PETROL/DIESEL TOPIC: Economy Section: Fiscal Policy Context- The government has ruled out cutting central excise duty on petrol and diesel. In the mean time, it is looking to the Russian window for supply of crude, which is expected to cushion the impact of surging prices of Indian basket of crude. […]
MISSILE TECHNOLOGY CONTROL REGIME TOPIC: Science & Tech Section: Defence Context- The accidental firing of a missile by India into Pakistan could have led to serious, unintended escalation of tensions between the two nuclear armed countries. Concept- Pakistan has alleged that the incident “indicates many loopholes and technical lapses of a serious nature […]
PAYMENT NETWORKS TOPIC: Economy Section: Monetary Policy and banking Context- The sanctions-led withdrawal of card payments networks like Visa and Mastercard from Russia throws light on the dominance of US-based companies in the global payments ecosystem. Concept- In India two UPI cost apps — Walmart-owned PhonePe and Google Pay — accounted for over […]
Daily Prelims Notes 13 March 2022 Table Of Contents GENEVA CONVENTION SARAS-3 RADIO TELESCOPE EPFO ANTIBODIES CRISPR PATENT RULING RADIOCARBON DATING 1. GENEVA CONVENTION TOPIC: IR Context- Geneva Conventions and the Russia-Ukraine war. Concept- What are the Geneva Conventions guidelines during wartime? The Geneva Conventions are a set of four treaties, formalised […]