FALLING GAS & OIL PRODUCTION Subject : Economy Context : India’s crude oil and natural gas production have been falling consistently since 2011-12 with Covid-19 related delays are among the key reasons cited by producers behind lower production. Concept : Reasons for falling oil and gas production The experts have noted that most […]

    TALCHER FERTILIZERS LTD. (TFL) Subject: Economy Context: Union Cabinet has given its approval for the proposal of the Department of Fertilizers for the formulation of exclusive subsidy policy for Urea produced through coal gasification route by Talcher Fertilizers Limited (TFL). Concept: Considering the strategic energy security and urea self-sufficiency of the country, looking […]

    PATENTS Subject  : Economy Context : Researchers at the Indian Institute of Technology-Madras (IIT-M) have filed 184 patents during the year 2020, including 65 international ones. Concept : A patent is an intellectual property right. A patent is an exclusive right granted for an invention, which is a new product or process that […]

    ON TAP LICENSE FOR UNIVERSAL SFB’s Subject: Economy Context: The Reserve Bank of India (RBI) on Thursday unveiled the names of eight applicants for ‘on-tap’ licence of universal banks and small finance banks. Concept: What is On Tap license? On-tap licensing means that the window for getting a bank license from RBI is […]

    MSME BOARD Subject: Economy Context: Most non-official members in new MSME Board have BJP links. Concept: Under the Micro, Small and Medium Enterprises Development Act, 2006, Government of India established The National Board for Micro, Small and Medium Enterprises (NBMSME) to examine the factors affecting promotion and development of MSME. This board also […]