e-commerce portal rules Subject: Economy Context- The Department of Consumer Affairs is in the process of bringing in revised e-commerce rules. The e-commerce rules were first notified in July, 2020 and later amended in May, 2021. A fresh revision is expected soon. Concept- About Draft Consumer Protection (E-Commerce) Rules, 2021: Key Features: Definition […]
ISRO develops Space Bricks from Martian Soil Subject: Science & Tech Context- Researchers from the Indian Space Research Organisation (ISRO) and the Indian Institute of Science (IISc) have developed a way to make bricks from Martian soil with the help of bacteria and urea. Concept- ISRO and IISc have collaborated to develop a […]
INS Vagsheer Subject: Science & Tech Context- The sixth and last of the French Scorpene-class submarines, INS Vagsheer, was launched into water at the Mazagon Docks in Mumbai. Concept- INS Vagsheer will be commissioned into the Indian Navy’s Western Command after 12 to 18 months when sea trials end. It will be based […]
Integrated Command and Control Centers (ICCCs) Subject: Science & Tech Context- The Union Housing and Urban Affairs Minister has announced that 80 Integrated Command and Control Centres (ICCCs), an integral component of the Smart Cities Mission, have already been set up. Concept- What is the Smart Cities Mission? The Smart Cities Mission aims […]
The National Pharmaceutical Pricing Authority Subject: Economy Why in the news? The National Pharmaceutical Pricing Authority (NPPA), under the Ministry of Chemicals and Fertilizers, has fixed the price of 15 key drug formulations, used to treat diseases, including diabetes. Concept: NPPA was constituted by the Government of India in 1997 as an attached […]
Nidhi Company Subject: Economy Why in the news? The Company Law Committee has made a host of recommendations for stricter regulation of Nidhi companies. Details: The committee suggested that the Centre should prescribe rules and only companies that fulfil the prescribed financial and non-financial criteria should be declared as Nidhis. The declaration notification […]
Exposure Norms Subject: economy The Reserve Bank of India (RBI) laid down a set of rules for non-bank financiers on large exposures, lending to directors and sought additional disclosures in their notes to accounts. Details: Aggregate exposure of an upper layer NBFC to any entity must not be higher than 20% of its […]
Cryptocurrency vs CBDC Subject: Economy Why in the news? Deputy Governor of the RBI called cryptos worse than a Ponzi scheme and argued against “legitimizing” them. Yet, the RBI announced that it will float a Central Bank Digital Currency (CBDC). Differences: Basis Cryptocurrency Central Bank Digital Currency Meaning Digital token issued by a […]
Daily Prelims Notes 20 April 2022 Table Of Contents NPPA fixes price of 15 key drug formulations Demolition drives violate international law India’s Crude Oil Imports from OPEC Ukraine war has hit India’s bid to move away from coal: FM China Solomon Islands sign landmark security agreement Cryptocurrency vs CBDC Exposure Norms Nidhi […]
China Solomon Islands sign landmark security agreement Subject: IR Context- China has announced the signing of a security pact with the Solomon Islands. Concept- About The Agreement: Chinese Foreign Minister and Minister of Foreign Affairs of the Solomon Islands signed an intergovernmental framework agreement on security cooperation. It is a first-of-its-kind arrangement that […]