DPN
Subject: Economy Context: During BIS’ annual general meeting last month, it discussed actions taken by central banks in various countries in response to pandemic. Concept: The Basel Committee – initially named the Committee on Banking Regulations and Supervisory Practices was established by the central bank Governors of the Group of Ten countries at the end […]
Subject: Governance Context: A government committee headed by Kris Gopalakrishnan has suggested that non-personal data generated in the country be allowed to be harnessed by various domestic companies and entities. Concept: Non-personal data is any set of data which does not contain personally identifiable information. This in essence means that no individual or living person […]
Subject: Science and tech/ Economy Context: Farmers all over India are severely affected by pests. Concept: The continuous onslaught of desert locusts swarms has ravaged his early-stage bajra crop. The pesky invaders from Iran and Pakistan have also seriously damaged moong and guar fields. As if the locust’s menace, which is the worst since 1993, […]
Subject: Science and tech Context: Reliance plans to build home-grown 5G network solution based on an open source telecom platform called Open RAN. Concept: A radio access network (RAN) is the part of a telecommunications system that connects individual devices to other parts of a network through radio connections. A RAN resides between user equipment, such as […]
Table Of Contents Election Commission Disqualification under Anti Defection Judicial appointment Strategic Importance of Chabahar Vaccine World and Indian population trends and implications Trade surplus Employees Provident Fund Organization BEPS and Equalization levy Country of origin Cestrumnocturnum 1. Election Commission Subject: Polity Context: Election Commissioner Mr. Ashok Lavasa has been appointed by […]
Subject: Environment Context: Eco-Development Committees in Nilgiris biosphere reserve are restoring native Shola habitats in places overrun with invasive species. Concept: Cestrum nocturnum plants have encroached on native Shola habitats and do not allow any native flora to thrive. The Cestrum plants, unless completely removed with their roots, will keep sprouting and keep taking over Shola and native […]
Subject: Economy Context: Amazon India has made it mandatory for sellers on its platform to disclose the ‘country of origin’ of new and existing product listings by August 10. Concept: The development comes at a time when the government is negotiating with e-commerce companies to ensure that all products listed on their apps and websites carry […]
Subject: Economy Context: India recently decided to impose digital services taxes on non-resident e-commerce companies. Concept: BEPS Base erosion and profit shifting (BEPS) refers to tax planning strategies used by multinational enterprises that exploit gaps and mismatches in tax rules to avoid paying tax. Developing countries’ higher reliance on corporate income tax means they suffer […]
Subject: Organisation Context: Several board members have flagged concerns about the inadequate sharing of information about the Fund’s investments and delays in approval for the interest rate for 2019-20 Concept: EPFO is one of the World’s largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken. The Employees’ Provident Fund […]
Subject: Economy Context: For the first time since 2002, India’s merchandise trade balance turned surplus of $790 million in June Reasons: This is a rare occurrence because since 1976-77, there has not been a single year when India did not incur a substantial merchandise trade deficit. Improvement in trade balance has been driven mainly by a sharper […]