Loss and damage: Who is responsible when climate change harms world’s poorest countries? Subject: Environment Loss and Damage- It refers to the costs, both economic and physical, that developing countries are facing from climate change impacts. When climate disasters strike, countries also need more financial help to cover relief efforts, infrastructure repairs and […]
COP27: Developing & developed blocks lock horns over new climate finance roadmap Subject: Environment About New Collective Quantified Goal (NCQG)- The New Collective Quantified Goal (NCQG) on climate finance is expected to be finalised by 2024. It will replace the current climate finance goal of $100 billion annually from developed countries. The issue […]
COP27: Developing countries need $2 trillion annually to tackle climate change, says report Subject: Environment Context- Developing and emerging economies, except China, will need $2 trillion per year by 2030 for energy transition, adaptation resilience, loss and damage and sustainable agriculture, according to a new report. About the Report- Title Finance for climate […]
‘Measles deaths’: Health ministry sends team to Mumbai Subject: Environment Context- After reports of an increase in suspected measles cases and three deaths in children, the Union Health Ministry on Wednesday rushed a multi-disciplinary team to Mumbai. What are measles and rubella? Measles- Measles (also called rubeola) is a very contagious respiratory viral […]
Our choking cities: How we can improve air and water quality in urban spaces Subject: Environment Miyawaki Technique- Miyawaki is a technique pioneered by Japanese botanist Akira Miyawaki, that helps build dense, native forests in a short time. In the Miyawaki technique, various native species of plants are planted close to each other […]
Market infrastructure institutions (MIIs) Subject: Economy Context: The Securities and Exchange Board of India sought public comments on a report submitted by one of its working committees on strengthening the governance of market infrastructure institutions (MIIs). Details: In April, the market regulator formed a committee under G. Mahalingam to strengthen governance norms at […]
ATI bond case-SAT Subject: Economy Context: The Securities Appellate Tribunal (SAT) has granted the Securities and Exchange Board of India (Sebi) three weeks to file its response in a case related to its order on mis-selling additional tier-1 (AT1) bonds. Concept AT1 bonds AT-1 bonds are a type of unsecured, perpetual bonds that […]
Why India buying Russian oil? Subject: Economy Context: In FY22, India bought around 2.4% of its overall oil imports in volume terms from Russia which was just 1.7% in FY21. Causes: Rise in oil prices post Ukraine War With oil prices going up, more dollars are needed to buy oil. This increases the […]
Export transaction in rupee eligible for sops Subject: Economy Context: Exporters settling trade in rupee terms will now be able to access export incentives or duty rebates. Details: Earlier incentives to exporters like– duty drawbacks, export promotion capital goods (EPCG) incentives, and advance authorization scheme were available only if payments or export realization […]
European Market Infrastructure Regulation (EMIR) Subject: Economy Context: The European Securities and Markets Authority (ESMA) proposes to derecognize six Indian counterparty clearing corporations CCPs due to non-compliance with certain provisions of the European Market Infrastructure Regulation. Details: It means that European banks will not be able to clear or settle trades in foreign […]