Impacts of Growing Household Credit on Indian Economy Subject: Economy Section: National Economy Positive Effects on Consumption and GDP: Research department emphasizes the positive effects of growing household credit on consumption and, consequently, GDP growth. Increased household credit is seen as a driver for economic expansion. Scope for Augmentation: Compared to developed countries, […]
Global Unemployment Outlook – ILO Report 2024 Subject: IR Section: International Organisation Projected Increase in Unemployment Rate: The International Labour Organization (ILO) predicts a global unemployment rate of 5.2% in 2024, a slight increase from 5.1% in the previous year. Cause: The main factor contributing to the rise is an increase in joblessness […]
US SEC approves Bitcoin ETFs: A Game-Changer for Cryptocurrency Industry Subject: Economy Section: Monetary Policy Landmark SEC Approval: The US Securities and Exchange Commission (SEC) has approved the establishment of Bitcoin exchange-traded funds (ETFs) by 11 investment firms, including BlackRock, Fidelity, and Franklin Templeton. Listing on Major Exchanges: Investment firms can now list […]
Overview of Retail Inflation Subject: Economy Section: Inflation Data Release: The Ministry of Statistics and Programme Implementation released data on Friday indicating retail inflation growth in December at 5.7%. Understanding Retail Inflation (CPI): Retail inflation, also known as Consumer Price Inflation (CPI), reflects the price rise affecting consumers. This data is pivotal in […]
Generalized System of Preferences (GSP) Subject: Economy Section: External Sector Pharma Exports Boost: The Union government has urged the US to enhance inspections by the US Food and Drug Administration in India to elevate pharmaceutical exports. This appeal is part of the broader effort to strengthen trade ties, as highlighted in the joint […]
Ministry of Tourism Organizes Conference on Mahabharat Circuit Subject :History Section: Art and Culture Context: The Ministry of Tourism, Govt. of India (Northern Region Office) organized a Conference on Mahabharat Circuit. This was followed by a Familiarisation Trip to Kurukshetra, Jyotisar and Thanesar on 10th January, 2024. More on news: This Conference was […]
DRDO conducts successful flight-test of New Generation AKASH missile off Odisha coast Subject: Science and Tech Section: Defence Context: Defence Research and Development Organisation (DRDO) conducted a successful flight-test of the New Generation AKASH (AKASH-NG) missile from the Integrated Test Range (ITR), Chandipur off the coast of Odisha on January 12, 2024. More […]
Coral reefs and Types of coral reefs Subject : Geography Section: Oceanography Coral reefs are some of the most diverse ecosystems in the world. Coral polyps, the animals primarily responsible for building reefs, can take many forms: large reef building colonies, graceful flowing fans, and even small, solitary organisms. Types of coral reefs Fringing […]
The first-ever IUCN assessment of the Himalayan Wolf is out. And it is grim Subject : Environment Section: Species in news About Himalayan Wolf: The Himalayan wolf, scientifically known as Canis lupus chanco, is a canine with uncertain taxonomy, characterized by distinctive genetic markers. Its mitochondrial DNA suggests it is genetically primitive compared […]
US oil & gas lobby pushes massive ad campaign promoting fossil fuels Subject : Environment Section: Environmental law In the news: The United States has surpassed Qatar and Australia to become the world’s top natural gas exporter in 2023. The biggest oil and gas lobby in the country — the American Petroleum Institute […]