DPN Topics
Price Instability in Ethiopia due to Forex Reforms Sub: Eco Sec: External sector Impact of Flexible Exchange Rate Policy: Ethiopia’s government implemented a flexible exchange rate policy last month, leading to the Ethiopian birr losing 60% of its value against the dollar. This significant devaluation has resulted in spiraling inflation and increased anxiety […]
Japanese Investors’ sell Foreign Bond Sub: Eco Sec: External sector Net Selling of Foreign Bonds: Japanese investors were net sellers of foreign bonds for the second consecutive month in July. The primary reason was declining bond yields in the United States, driven by rising expectations of an imminent rate cut by the U.S. […]
Fiscal consolidation Sub: Eco Sec: Fiscal Policy Context: In a bid to provide maximum flexibility to growth, the government has tweaked its approach to fiscal consolidation. It no longer wants to fix a fiscal deficit target New approach: Government wants to focus more on reducing debt and thereby the fiscal deceit What is […]
Talks begin in Montreal on digital sequence information of biodiversity Sub: Env Sec: Biodiversity Context: Ad Hoc Open-ended Working Group on Benefit-sharing from the Use of Digital Sequence Information on Genetic Resources meeting– Montreal, Canada. Formed at the 2022 COP15 for the Convention on Biological Diversity (CBD). Digital Sequence Information (DSI) on Genetic […]
Terrestrial water storage loss for 7 basins on Tibetan Plateau overestimated by 10%: Study Sub: Geo Sec: Hydrology Overestimation of Terrestrial Water Storage Loss on the Tibetan Plateau Recent research has revealed significant overestimation of terrestrial water storage (TWS) loss in the Tibetan Plateau’s major headwater basins, with errors reaching up to 50.8% […]
Japan issues its first-ever ‘megaquake advisory’: What does it mean? Sub: Geo Sec: Geomorphology Japan’s First “Megaquake Advisory” Issued Following Earthquake Event: A 7.1-magnitude earthquake struck southern Japan on Thursday, August 8, prompting the Japan Meteorological Agency to issue its first-ever “megaquake advisory.” Advisory Details: The advisory highlighted an increased likelihood of strong […]
Why Odisha is facing a potato crisis, with prices as high as Rs 60 per kg Sub: Geo Sec: Eco Geo Context: Odisha is experiencing a severe potato shortage, with prices rising to Rs 55-60/kg over the past four weeks. Causes of the Crisis: In mid-July, the West Bengal government banned potato exports […]
After breaking free, why the world’s largest iceberg is stuck spinning in circles Sub: Geo Sec: Hydrology Context: For over three decades, the world’s largest iceberg, A23a, was trapped in the Antarctic, measuring about 1,500 square miles in area and over 1,000 feet deep. It broke free in 2020 and began a slow […]
As the world warms, more ACs are sold, heating up the globe further Sub: Env Sec: climate change Context: A recent analysis by the International Energy Agency (IEA) reveals that the average consumer in India, like those in Australia, the U.S., China, Japan, and Europe, tends to buy the least efficient air conditioner […]
Tungabhadra Reservoir crest gate washed away; flood alert issued Sub: Geo Sec: Indian Physical Geo Context: A crest gate of the Tungabhadra reservoir, near Hospete, in Vijayanagara district of Karnataka was washed away recently, raising fears of floods downstream. Details After the chain link of crest gate 19 was broken and the gate […]