DPN Topics
RBI releases directions on cyber security for Payment System Operators (PSOs) Subject :Science and technology Section: Awareness in IT Concept : The Reserve Bank of India (RBI) has released the draft Master Directions on Cyber Resilience and Digital Payment Security Controls for Payment System Operators (PSOs). About To ensure that the authorised non-bank […]
U.S. averts first-ever default with 11th-hour debt deal Subject: Economy Section: External Sector Concept : S. senators have voted to temporarily suspend the federal debt limit, averting the risk of a credit default just days before the Treasury deadline. Economists had warned that the country could face a shortage of funds to pay […]
BRICS that could be bigger Subject : International Relations Section: International groupings Context: The grouping of Brazil, Russia, India, China and South Africa is considering whether to add new members and to look seriously at a common currency. Both proposals involve making complex choices. What is BRICS ? BRICS is an acronym for […]
For the cool summer so far, thank the frequent spells of rain Subject :Geography Section: Physical geography Context: India was bracing for a record hot summer. However, western disturbances have brought some much-needed rain and surprisingly pleasant weather. Despite a few heat waves, India has had an unusually pleasant summer so far. Temperatures […]
UN agency warns there is no let-up in drugs trade from Asia’s Golden Triangle Subject :International Relations Section: Places in news Context: The huge trade-in methamphetamine and other illegal drugs originating from a small corner of Southeast Asia shows no signs of slowing down, the United Nations Office on Drugs and Crime warned. […]
International trade has a carbon problem Subject : International Relations Section: International organisation Context: India has opposed to the Carbon Border Adjustment Mechanism (CBAM) introduced by the European Union to restrict the trade of products from carbon-intensive industries like Iron and Steel, aluminium, cement etc. What is the issue? India fears that CBAM […]
Why is China digging a 10-km-deep hole into Earth’s crust? Subject : Geography Section: Physical geography Context: China has embarked on an ambitious endeavour to dig a 10-kilometre-deep hole into the Earth’s crust as part of its exploration efforts with the aim to reach rocks from the Cretaceous Period, the layer known as […]
CBDT removes Fair Market Value (FMV) hurdle to Disinvestment Subject : Economy Section: Fiscal Policy Income Tax Department has amended a rule to exempt the buyer in case shares are sold below the fair market value (FMV). Central Board of Direct Taxes (CBDT), through a notification, has amended Rule 11 UAC(4) of the […]
NPAs linked to trade credit crisis Subject: Economy Section: Monetary policy Present scenario of Non-performing assets (NPAs) in India: NPA has reduced to around 5% by end of FY22 This low level has been possible because of: Write-offs: From 2017-22 scheduled banks have written off Rs. 10 lakh crore. Multiple recovery measures by […]
IRDAI: Bima Sugam, Bima Vahaks and Bima Vistaar Subject: Economy Section: Monetary policy Insurance in India: Insurance penetration in India has increased steadily from 2.7% around 2000 to 4.2% in 2020, according to the Economic Survey 2022-23 50% of vehicles are uninsured, and the coverage of property insurance is minuscule. The MSMEs are […]