CCI dispute settlement 2.0 Subject: Economy Section: Monetary Policy The amended Competition Act, 2023 grants CCI enhanced powers that are far-reaching, designed to promote more effective market regulation and facilitate the ease of doing business in India. Key Points: Earlier the prosecution of anti-competitive practices took many years. This is to be changed […]
NDF Contracts Subject: Economy Section: Monetary Policy A non-deliverable forward (NDF) is an outright forward or futures contract in which counterparties settle the difference between the contracted NDF price or rate and the prevailing spot price or rate on an agreed notional amount. It is used in various markets such as foreign exchange […]
Deposit insurance cover for PPIs Subject: Economy Section: Monetary Policy RBI committee to review the Customer Service Standards in RBI Regulated Entities (RE) has recommended to examine the extension of Deposit Insurance and Credit Guarantee Corporation (DICGC) cover to PPIs, which, at present, is available only to bank deposits. To examine whether DICGC […]
GE cotton: Three states refuse NOC for field trials Subject: Science and Technology Section: Places in news Context: Four locations viz. Haryana, Gujrat, Telangana and Maharashtra have been chosen for biosafety research trials (BRL) of genetically engineered (GE) cotton hybrids. Only Haryana has approved the field trial. Details: 42 locations across India have […]
Carbon dioxide levels hit new record, now more than 50% higher than pre-industrial times Subject: Environment Section: Places in news Context: Atmospheric concentrations of carbon dioxide have recorded a new high, with the monthly average in May touching 424 parts per million, a new update from National Oceanic and Atmospheric Administration of the […]
Habitat loss due to tourism in the Western Ghats pushes endangered frogs to the edge Subject: Environment Section: Places in news Increasing fragility of Western Ghats: Plant species found there are: Groves of eucalyptus, black wattle and acacia — trees grown for firewood and timber, Neem, rubber bush, etc. Patches of shola forests […]
Biporjoy: Cyclonic storm develops over Arabian Sea, could make landfall in Pakistan or Oman Subject: Geography Section: Physical Geography Context: A cyclonic storm “Biporjoy” has developed over the east-central and adjoining southeast Arabian Sea, according to the India Meteorological Department (IMD). Details: The IMD predicts a very severe cyclonic storm with a wind […]
Daily Practice Sheet 7 June 2023 Current Affairs Based GS 1: Geography What is a cyclone? Discuss the condition leading to cyclone formation Differentiate between tropical and temperate cyclones? Why more cyclones in Bay of Bengal compare to Arabian Sea? Why in recent years cyclone in Arabian sea increasing in frequency? GS 2: […]