NASA Selects Four Asteroid Landing Sites for Osiris-REX

LANDING SITES FOR OSIRIS-REX For: Mains Topics covered: NASA selects sample collection sites on Asteroid Bennu OSIRIS-Rex spacecraft Asteroid Bennu News Flash NASA shortlists four sites for its OSIRIS-Rex spacecraft to collect samples from Asteroid Bennu in mid-2020 and are expected to return to Earth by 2023. The four candidate sample sites on Bennu have been named as Nightingale, Kingfisher, Osprey, and Sandpiper, all names after birds native to Egypt. It landed on…

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Central Bank task force submits report on offshore rupee markets

REPORT ON OFFSHORE RUPEE MARKETS For: Mains Topics covered: Recommendations of the Usha Thorat committee News Flash The Task Force on Offshore Rupee Markets, set up by the Reserve Bank of India and chaired by Smt. Usha Thorat has submitted its report to the Governor. Why Taskforce was set up? It was set up to examine the issues relating to the offshore Rupee markets in-depth and recommend appropriate policy measures while factoring…

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United States green cards – Lawful Permanent Resident Card

US GREEN CARD It (United States Green Card) is officially known as ‘Lawful Permanent Resident Card’. It is the unofficial nickname for the permit allowing immigrants to permanently live and work in the United States of America. Green Card holders are known as “Permanent Residents”. A person with a nonimmigrant visa is dependent on their job or the purpose of their stay in the USA, but a Green Card differs in that it gives…

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NASA tested New Mars rover on Iceland’s lava field – Diligent IAS

NEW MARS ROVER TESTED ON ICELAND’S LAVA FIELD For: Mains Topics covered: Why NASA tested its rover on Iceland? Advantages and significances Prototype and data transmission News Flash NASA has taken to the lava fields of Iceland to get its new robotic space explorer ready for the next mission to Mars in 2020. The Lambahraun lava field, at the foot of Iceland, has black basalt sand, wind-swept dunes and craggy peaks, was chosen…

United Nation Special Purpose Trust Fund

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United Nations Special Purpose Trust Fund (SPFT) – Diligent IAS

UNITED NATIONS SPECIAL PURPOSE TRUST FUND For: Mains Topics covered: What is UN-SPTF? Source of fundings The UN Resident Coordinator system News Flash India has contributed $1 million to the UN Special Purpose Trust Fund for the Resident Coordinator System. The Special Purpose Trust Fund (SPTF) Special Purpose Trust Fund (SPTF) is a specific fund housed within the UN Secretariat, established to receive, consolidate, manage all contributions and financial transactions of the…

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Lawyers have objected to setting up of Haryana administrative tribunal

HARYANA ADMINISTRATIVE TRIBUNAL For: Mains Topics covered: Haryana Administrative Tribunal – Working, Powers & Functions, Composition Why lawyers have objected to setting up of HAT? News Flash The Punjab and Haryana High Court Bar Association has suspended work indefinitely since a notification came out on July 24 for setting-up the Haryana Administrative Tribunal. What The Tribunal is meant to adjudicate over the service matters of the state employees that earlier would be…

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How does Negative rate policy work? Diligent IAS

NEGATIVE RATE POLICY For: Mains Topics covered: What is Negative Rate Policy? Why are some central banks adopting? How does negative rate policy work? What are Pros and Cons associated with it? What are the central banks doing to mitigate the side effects? News Flash Negative rate policy is becoming a more attractive option for some central banks to counter unwelcome rises in their currencies. It was once considered only for economies with…

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First Indian to claim a world title in Motorsports

AISHWARYA PISSAY Aishwarya Pissay became the first Indian to claim a world title in motorsports. She is 23-year-old and from Bengaluru. She won the FIM World Cup in the women’s category after the final round of the championship in Hungary. The events were conducted by the International Motorcycling Federation, the governing body for motor racing in the world. She started the Hungarian Baja with a seven-point lead and managed to maintain momentum through the…

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Sagittarius A* (Sgr A*) a super-massive black hole in Milky Way

SAGITTARIUS A* (SGR A*) For: Mains Topics covered: What is Sagittarius A* (Sgr A*)? Why it suddenly glowed brighter? What did astronomers say? Information about Star SO-2 and G2. News Flash Sagittarius A* (Sgr A*) is a supermassive black hole at the centre of the Milky Way. It suddenly glowed brighter than its normal state becoming 75 times more luminescent before going back to its normal state. A team of astronomers said it…

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RBI released the enabling framework for Regulatory Sandbox (RS)

REGULATORY SANDBOX For: Mains Topics covered: What is Regulatory Sandbox? What are its benefits and significances? Risk involved News Flash The Reserve Bank of India released the final ‘enabling framework for a regulatory sandbox,’ taking into account inputs received after a consultation process that began in April. The regulatory sandbox allows live testing of new products or services in a controlled or test regulatory environment. Advantages The framework will be a positive…

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