SRINAGAR LEH TRANSMISSION SYSTEM Subject : Economy Context : Ministry of Power, Government of India has transferred the prestigious 220 kV Srinagar-Drass-Kargil-Khaltsi-Leh Transmission System to Power Grid Corporation of India Limited (POWERGRID) . Concept : The transmission system was dedicated to the nation by Prime Minister in February 2019, and it connects the […]
NATIONAL AI PORTAL Subject : Economy Context :The ‘National AI Portal (INDIAai)’ , celebrated its first anniversary on May 28, 2021. Concept : The National AI Portal is a joint initiative by Ministry of Electronics and IT (MeitY), National e-Governance Division (NeGD) and NASSCOM and serves as a central hub for AI related […]
ANTI DUMPING DUTY & INERT GASES Subject: Economy Context: Anti-dumping duty on inert gas R-134a imports from China extended by six months. Concept: An anti-dumping duty is a protectionist tariff that a domestic government imposes on foreign imports that it believes are priced below fair market value. Dumping is a process where a […]
NATIONAL INFRASTRUCTURE PIPELINE Subject : Economy Context : US-based realty firm wants to invest $500 bn in India’s National Infrastructure Pipeline. Concept : About NIP: NIP was announced in union budget in 2019-20 for an outlay of Rs 100 lakh Crore for infrastructure projects over the next 5 years. NIP is a first-of-its-kind […]
FUGITIVE ECONOMIC OFFENDER Subject : Economy / Governance Context : Fugitive diamond trader MehulChoksi has been arrested in Dominica after he was reported missing early this week from his home in Antigua and Barbuda, the Caribbean nation of which he has been a citizen since early 2018. Concept : Fugitive Economic Offenders Act, […]
MEKEDATU MULTI-PURPOSE PROJECT Subject : Economy / Geography Context :The National Green Tribunal (NGT) has appointed a joint committee to look into allegations of unauthorised construction activity taking place in Mekedatu, where the Karnataka government had proposed to construct a dam across the Cauvery River. Concept : Acting suomotu based on a media […]
EXPERT COMMITTEE ON INVESTMENT FUNDS Subject : Economy Context : The International Financial Services Centres Authority (IFSCA) has constituted an Expert Committee on Investment Funds to recommend to IFSCA on the road map for the funds industry in the International Financial Service Centres (IFSCs) in India. Concept : The Committee has been constituted […]
NATIONAL MISSION ON USE OF BIOMASS IN THERMAL POWER PLANTS Subject : Economy / Governance Context : Ministry of Power has decided to set up a National Mission on use of Biomass in coal based thermal power plants. Concept : Mission objectives: To increase the level of co-firing from present 5% to higher […]