Daily Prelims Notes 1 July 2022 Table Of Contents Coral Triangle Oceans Great Dying 2.0 Modified PSLV places three foreign satellites into orbit A road safety quartet and the road ahead Earth’s top asteroid defences Free fall of rupee Project Bandhan Anti-defection law Capital Buffers External debt Ease of Doing Business ranking of […]
External debt Why in the news? India’s external debt rose to $620.7 billion at end-March 2022, recording an increase of $47.1 billion over the year earlier period, Reserve Bank of India (RBI) data showed. Details: The external debt to GDP ratio declined to 19.9% at end-March 2022, from 21.2% a year earlier. Excluding […]
Capital Buffers Context: India’s scheduled commercial banks (SCBs) as well as non banking financial companies have sufficient capital buffers to withstand any shock that may emanate from the pandemic or the ongoing geopolitical tensions in Europe, the Reserve Bank of India said in its biannual Financial Stability Report (FSR) released on Thursday. According […]
Anti-defection law Context: The crisis in Maharashtra and even earlier instances are grim reminders of what the Tenth Schedule can and cannot do. Law on defections, ‘mergers’: Instances of floor crossing have long gone unchecked and unpunished. In part, this can be attributed to the exemption given to mergers between political parties which […]
Project Bandhan Context: Project Bandhan launched to tackle pink bollworm menace in cotton. Pheromone trap, mating disruption being used to restrict the pest population Project Bandhan and Innovative technique : As the pink bollworm infestation spreads in cotton plants in North India, stakeholders including the Central Institute of Cotton Re- search (CICR), State […]
Free fall of rupee Why in the news? The Indian rupee hit an all-time low against the U.S. dollar this week weakening past the 79 rupees to a dollar mark and selling as low as 79.05 against the dollar on Wednesday Details: The Indian rupee has been witnessing a steady decline this year, […]