Ukraine war has hit India’s bid to move away from coal: FM Subject: Environment Context- According to Finance Minister Nirmala Sitharaman, India’s transition away from coal as a fuel will be hampered by the Russia-Ukraine war. Concept- Panchamrit: India’s 5 Commitments On Climate Action At the CoP 26, India presented five nectar elements, […]
India’s Crude Oil Imports from OPEC Subject: IR Context- OPEC’s share of India’s oil imports for the FY22 financial year remained almost steady year-on-year, arresting sharp declines over the past six years, as refiners prefer crude from West Asia to counter rising global prices. Concept- India’s crude oil imports from OPEC: OPEC oil […]
Demolition drives violate international law Subject: Polity Context- Communal clashes broke out during Ram Navami processions in several parts of the country including at Khargone in Madhya Pradesh. Subsequently, the Madhya Pradesh government bulldozed the houses of those who were allegedly involved in rioting. Concept- The State government claims that these demolitions are […]
NPPA fixes price of 15 key drug formulations Subject: Science & Tech Context- 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- How does the pricing mechanism work? Prices of Scheduled Drugs are […]
Daily Prelims Notes 19 April 2022 Table Of Contents WHO & Traditional Medicine Guru Tegh Bahadur East Timor GST Rates Rationalisation Resilience and Sustainability Trust External Benchmark Lending Rate Cost-Push Inflation 1. WHO & Traditional Medicine Subject: Science & Tech Context- PM Modi, along with World Health Organization (WHO) Director-General Dr Tedros […]
Cost-Push Inflation Subject: Economy Section :Inflation It is “supply-side, cost-push” factors which affect the prices of most of the items constituting the CPI. The clear worry is that the recent Monetary Policy Committee move could potentially raise costs for all borrowers and lead to further price increases. Cost-Push Inflation: Cost push inflation is […]
External Benchmark Lending Rate Subject: Economy Section :Monetary Policy The Reserve Bank of India’s (RBI) endeavor to improve monetary transmission to banks’ lending rates has gained traction with the advent of EBLR regime Transmission of Monetary Policy: The transmission of monetary policy describes how changes made by the Reserve Bank to its monetary policy […]
Resilience and Sustainability Trust Subject: Economy Section :External sector The Executive Board of the International Monetary Fund (IMF) approved the establishment of the Resilience and Sustainability Trust (RST) to help countries build resilience to external shocks and ensure sustainable growth, contributing to their long-term balance of payments stability. Resilience and Sustainability Trust: On […]
GST Rates Rationalisation Subject: Economy Context- The Group of Ministers (GoM) will deliberate and finalise recommendations which will be sent to the GST Council, headed by Finance Minister Nirmala Sitharaman and comprising state finance ministers. Concept- There was a thought in some quarters that the slab of 5 per cent may be broken […]
East Timor Subject: Geography Context- East Timor, also known as Timor Leste, holds the second and final round of its presidential election on Tuesday, with frontrunner and Nobel laureate Jose Ramos-Horta running against incumbent leader Francisco “Lu Olo” Guterres. Concept- History: The territory was colonised by Portugal in the 18th century and remained […]