XE Covid Variant Subject: Science and Technology Section: Biotechnology Context: India has a confirmed case of the XE variant of Covid, according to the Indian SARSCoV2 Genomics Sequencing Consortium (INSACOG) bulletin. The Union Health Ministry is yet to confirm the same or issue a statement on the findings. Concept: In the weekly bulletin […]
Lokpal Subject: Polity Section: National Bodies Context: Lokpal to get a new office at World Trade Centre building Background: On March 19, 2019, Justice Pinaki Chandra Ghosh was appointed India’s first Lokpal along with eight other members. The appointment itself was made five years after the Lokpal and Lokayukta Act was passed in […]
Open Network for Digital Commerce (ONDC) project Subject: Economy Context: The Government claims that ‘as UPI is to the digital payment domain, ONDC is to e-commerce in India.’ Details: ONDC is incorporated as a private non-profit (Section-8) company to establish the public digital infrastructure needed to expand access to India’s e-commerce ecosystem – […]
Rising Current Account Deficit Subject: Economy Section: External Sector Context: For the third quarter of 2021-22, India’s current account deficit (CAD) has reached $23 billion, which is a nine-year high. Cause– Rise in import-India’s exports are doing well, but as imports are growing faster, widening of the trade deficit is likely in the […]
Role of Inflation-Expectation Subject: Economy Section: Monetary Policy Context: The RBI released the Inflation Expectations Survey of Households (IESH) for March on Friday. Details: It presented gender based differences in the inflation expectations i.e women have systematically higher inflationary expectations compared to men. Cause: The traditional gender roles that explain this divergence women, […]
Daily Practice Sheet 3 May 2022 Daily Prelims Topics Do away with circulars: RBI panel Pricing regime of Fuel Transnistria The debate on the national language Federalism and Quasi Federalism: Why Flights face turbulence? SOPs to be framed for blending of Imported Coal Basavanna Jayanti PMO pushes States/UTs on completion of pending mega […]