Streaming analytics platform Coralogix gets $142 million in Series D round Subject: Economy Section: Indian Economy Context: The Series D round is a little complicated compared to the previous ones. Although most organizations finish raising money in the previous round, there are some reasons an organization may choose a Series D round: THE […]
Orders of constitutional courts would prevail over statutory tribunals: SC Subject: Polity Section: Judiciary Context: The Supreme Court on Wednesday set aside a National Green Tribunal (NGT) order prohibiting construction work at Rushikonda hills in Visakhapatnam, saying orders of constitutional courts would prevail over statutory tribunals Concept: The Supreme Court said the NGT is […]
Daily Prelims Notes 1 June 2022 Table Of Contents Permanent Indus Commission WTO Moratorium on Customs Duties on Electronic Transmissions SDR and Relative importance of currencies Monsoon Forecast A tool to spot killer Asteroids Rajya Sabha elections set to be a thriller China unveils stimulus policies to support virus-hit economy FAME II India’s […]
India’s economy grew at 8.7 per cent in 2021-22 Context: India’s economy grew at 8.7 percent in 2021-22 against the 6.6per cent contraction in 2020-21.At 4.1 per cent, the growth in the January-March (Q4) of FY22 was the lowest among four quarters but higher on a yearly basis. According to NSO data, India‘s […]
FAME II Context: India’s push for electric vehicles (EVs) was renewed when phase-II of the Faster Adoption and Manufacturing of (Hybrid and) Electric (FAME) Vehicles scheme in India, with an outlay of ₹10,000 crore, was approved in 2019. Content: FAME India is a part of the National Electric Mobility Mission Plan. Main thrust […]
China unveils stimulus policies to support virus-hit economy Context: China’s Cabinet unveiled a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive a pandemic-ravaged economy, saying it will inspect how provincial governments implement them. Concept: What is stimulus? Economic stimulus is action by the government to encourage private […]
Rajya Sabha elections set to be a thriller Concept: A third of Members of Parliament in the Rajya Sabha (which is a permanent House and is not subject to dissolution), from each State retire once in two years and polls are held to fill up the vacancies. Only elected members of the State Legislative Assemblies can vote in […]
A tool to spot killer Asteroids Researchers have built an algorithm called Tracklet-less Heliocentric Orbit Recovery, or THOR that can scan old astronomical images for unnoticed space rocks, helping to detect objects that could one day imperil Earth. B612 Foundation, a nonprofit group, announced the discovery of more than 100 asteroids. What is […]
Monsoon Forecast The India Meteorological Department (IMD) updated the forecast for 2022 southwest monsoon to 103 per cent of the Long Period Average (LPA), from 99 per cent of LPA predicted in April as La Niña conditions are expected to prevail during the entire stretch of the four-month monsoon season. La Niña is […]
SDR and Relative importance of currencies Why in the news? Recently, the IMF has announced an updated basket with new currency weights that will come into effect on August 1. Details: Based on data for the five-year period 2017- 21, the updated basket assigns higher weights for the US dollar and the Chinese […]