Viability gap funding (VGF) for battery energy storage systems (BESS) Subject: Schemes Context:: Cabinet approves viability gap funding of ₹3,760 cr for battery energy storage systems l. Key Points: The approved scheme envisages development of 4,000 megawatt hour (MWh) of BESS projects by 2030-31 with a financial support of up to 40 per […]
External debt grew 0.9% to $624b in FY23, reduces as share of GDP Subject: Economy Section: External sector Key Points: India’s external debt declined to 18.9 per cent of GDP at the end of March 2023 from 20 per cent last year. However, the external debt of India rose marginally by 0.9 per […]
IMF-FSB gives crypto recommendation to G20 Subject: Economy Section: External Sector In News: Joint paper by IMF and FSSB suggests comprehensive regulation, supervisory oversight than a blanket ban. Key Points: A joint synthesis paper prepared by International Monetary Fund (IMF) and Financial Stability Board (FSB) has advocated for comprehensive regulatory and supervisory oversight […]
Daily Prelims Notes 7 September 2023 Table Of Contents Botanical Survey of India gets patent for bamboo based reusable straw The Underappreciated Benefits of Wild Bees Bizarre’ bird-like dinosaur has scientists enthralled After large rainfall deficit in August, how India’s reservoir levels are falling considerably Ready to grow roots: Saplings from 17 countries […]
How unemployment is measured Subject :Economy Section: Employment and inflation Definitions: Labour Force Participation Rate: It is the percentage of people in the labour force (those who are working or seeking or available for work) in the population. Worker Population Ratio is the percentage of employed people. Unemployment rate shows the percentage of people unemployed […]
India needs innovation in cell chemistry to leapfrog in the battery race Subject: Science and technology Section: Msc Introduction India has made significant progress in electric vehicle (EV) battery research, particularly in the field of cathode chemistry. The collaboration between Altmin and the International Advanced Research Centre for Powder Metallurgy and New Materials […]
Finally, physicists have a way to ‘see’ inside short-lived nuclei Subject: Science and technology Section: Msc Introduction Physicists in Japan have made a significant breakthrough by developing a novel technique that allows them to “see” inside short-lived atomic nuclei, addressing a long-standing problem in nuclear physics. This development utilizes electron scattering and a […]
East Asia Summit Subject: International Relations Section: Groupings Context: Prime Minister arrives in Indonesia to attend the 18th East-Asia Summit. Some facts about the East Asia Summit: The East Asia Summit (EAS) is the Indo-Pacific’s premier forum for strategic dialogue. It is the only leader-led forum at which all key Indo-Pacific partners meet […]
India looks to invite quad leader for Republic Day Subject: International Relations Section: Msc Context: The government is considering inviting leaders of the Quad grouping for the Republic Day celebrations next year. How India choose its Chief Guest: The government extends its invitation to a Head of State or Government after careful consideration. […]