Statutory Liquidity Ratio Subject: Economy Context: Banks’ excess holdings of SLR securities moderate to 8.8% from 10.4 per cent at end-March 2022. Details: Reduction in the excess holdings of statutory liquidity ratio (SLR) securities of Scheduled Commercial Banks (SCBs) indicates credit rise. Current SLR in India – 18.00% (minimum required) Excess SLR holdings […]
Bank deposits Subject: Economy Context: The flow of financial assets of households witnessed a decline with bank deposits registering a fall in growth, even as their holdings in mutual funds, equity and small savings showed a significant rise during fiscal 2021-22. Details: Bank deposits recorded a decline in 48% as interest rates declined […]
Fodder Inflation Subject: Economy Context: Fodder inflation at 9-yr high, late rains, crop damage deepen crisis Details: The Wholesale Price Index or WPI-based fodder inflation – 25.54 per cent in August 2022, the highest in the last nine years. Fodder Inflation has been rising since December 2021. The overall WPI inflation in August […]
Green steel Subject: Environment Context: Achieving green steel: How India can bridge the gaps to decarbonise the sector Steel sector : The steel industry is very important for the Indian economy and has been the backbone of the country’s industrial development. More than 75% of steel is still largely made in coal-fired blast […]
In groundwater near a Delhi landfill- heavy metals like lead and cadmium Subject: Environment Context– In May 2022, the National Human Rights Commission (NHRC) issued notices to the Secretary of the Union JalShakti Ministry, the Chief Secretary of the Delhi government, and the Chairman of the Central Pollution Control Board, asking for detailed […]
Tokenisation Subject: Science and Technology Concept: Tokenisation refers to replacement of actual card details with an alternate code called the “token”, which shall be unique for a combination of card, token requestor (i.e. the entity which accepts request from the customer for tokenisation of a card and passes it on to the card […]
Fast-melting Arctic ice is turning the ocean acidic and threatening life– Subject : Geography Context: A team of researchers has flagged the changing chemistry of the western region of the Arctic Ocean after discovering acidity levels increasing three to four times faster than ocean waters elsewhere. The team also identified a strong correlation […]
Satellite Broadband Services Subject : Science & technology Context: The race for providing satellite broadband connectivity in India is heating up as companies like Jio, Oneweb, Hughes and Tata-backed Nelco are preparing to provide these services. Concept : Earlier last month, Hughes Communications India (HCI), a satellite internet service provider launched India’s first […]
Agri Drones getting a boost Subject :Agriculture Context :The Reserve Bank of India (RBI) has asked banks to start giving loans to farmers who want to buy Kisan Drones. This can help farming become more tech-based. Concept : The RBI’s instructions to banks are in line with the Union Budget 2022–23, which said […]
Hindu Mahasabha Subject : History Context :A Durga Puja in Kolkata organised by the All India Hindu Mahasabha depicted the ‘asura’ as a bespectacled, dhoti-clad bald man with a walking stick, appearing similar to Mahatma Gandhi. Concept : Hindu Mahasabha Akhil Bharat Hindu Mahasabha is one of the oldest organizations of India as […]