Daily Prelims Notes 30 June 2022 Table Of Contents Payments for ecosystem services (PES) Forest Fires Dark Fibre Foreign Portfolio Investors and commodity market Crude oil regulation Composition Scheme PM Modi’s gifts to G7 leaders, who gets what Maharashtra government renamed Aurangabad city as Shambhaji Nagar Twitter will lose its intermediary status if […]
Attorney General (AG) tenure extended Subject :Polity Section :Legislature Context: The Union government has extended the tenure of senior advocate KK Venugopal as the Attorney General (AG) for three more months. Concept : Article 76 of the Constitution of India provides for the office of the Attorney General for India. He is the highest law officer in […]
Russia- Sweden & Finland Subject: Geography Section: Mapping Context: NATO Secretary-General announced the signing of a memorandum of understanding (MoU) between Turkey, Finland and Sweden in a trilateral meeting held in Madrid, Spain. Concept: Russia shares a 1,340-kilometre-long border with Finland. Sweden, though it does not share a land border, shares the Baltic […]
‘Heal in India’ & ‘Heal by India’ initiatives Subject: Governance Section: Scheme Context: GOI is committed to make India a Global Medical Value Hub by further strengthening our traditional medicine industry and boosting ‘Heal in India’ & ‘Heal by India’ initiatives Heal in India and Heal by India. Heal in India: to promote […]
Rupee plunging a new low Subject :Economy Section :External Sector Context: The rupee plunged to a new low past 79 against the dollar on persistent demand for the U.S. currency, from oil refiners needing to settle their rising crude import bills, and foreign portfolio investors who continue to withdraw capital from Indian equity […]
GST Council meeting Subject : Economy Section: Fiscal Policy Context: FM told the press that the Council took up reports by the four Groups of Ministers. The recommendations on doing away exemptions and the inverted duty structure (a higher rate on inputs and a lower levy on finished products) by the GoMon rate […]
No clarity on GST compensation to States as Council meet ends Subject : Economy Section: Fiscal Policy Context: GST council meet Concept: As per Section 18 of the Constitution (101st) Act, 2016, Parliament shall, by law, on the recommendation of the GST Council, provide for compensation to States for loss of revenue arising […]
Uddhav resigns after SC denies stay on floor test Subject : Polity Section:Executive Context: Embattled Maharashtra Chief Minister announced his resignation from the post on Wednesday, moments after the Supreme Court refused to stay Governor Bhagat Singh Koshyari’s direction to the Maha Vikas Aghadi (MVA) government to take a floor test in the Assembly. […]
Global attention on moratorium on deep-sea mining Subject : Geography Section: Economic Geography Context: As the UN Ocean Conference gets underway and the global attention turns towards the ocean, political resistance to the emerging deep-sea mining industry gains traction What is Dee sea mining? It is the extraction of valuable metals and minerals […]