Global Entrepreneurship Summit 2019

GLOBAL ENTREPRENEURSHIP SUMMIT 2019 For: Mains Topic covers: GES – Highlights of Summit, Understand GES, Objectives News Flash The ninth edition of the Global Entrepreneurship Summit was held in The Hague, with a number of entrepreneurs from across the world, including 33 from India, gathering to share their insights and showcase their ideas on a world stage. The Global Entrepreneurship Summit (GES) 2019 was hosted by the governments of the United States of America…

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SPICE bombs

SPICE BOMBS For: Preliminary Topic covers: SPICE bombs, Features, Significances News Flash In a major development, India signed a deal with Israel under emergency provisions worth around Rs 300 crore for buying over 100 SPICE bombs with high explosives warhead for the Indian Air Force. The bombs to be procured are an advanced version of the Spice-2000 bomb, which can be used to reduce enemy buildings and bunkers to rubbles in no time. The…

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Stressed Asset Norms

STRESSED ASSET NORMS For: Mains Topic covers: Stressed Assets, New Norms, NPA, Restructured Loan News Flash The Reserve Bank of India (RBI) recently issued a new prudential framework for resolution of stressed assets, giving lenders leeway to review a borrower account within 30 days of default. RBI stipulates additional provisions in case of delayed implementation of the resolution plan (RP). The new framework gives lenders a breather from the one-day default rule whereby they…

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Digital Tax

DIGITAL TAX For: Preliminary & Mains Topic covers: About Digital tax, Fundamental pillars, and India’s view on Digital taxing News Flash The Finance Ministers of the G20 member nations called for the creation of a digital tax for multinational technology companies, the details of which will be finalized next year. The initiative was discussed during a G20 Ministerial Symposium in the Japanese city of Fukuoka. The representatives from Japan, US, China, France and the…

UdChalo Initiative

UdChalo Initiative For: Preliminary Topic covers: About Initiative News Flash In a bid to make wounded soldiers, who are now confined to wheelchairs, self-reliant, an initiative ‘UdChalo’ is all set to take off at the Army’s Paraplegic Rehabilitation Centre (PRC) in Punjab’s Mohali. UdChalo ‘UdChalo’ is a travel portal, that caters for the personal travel of the military and paramilitary forces personnel by aggregating defence fares and getting exclusive discounts. The Army’s…

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Sustainable Goals Gender Index

SUSTAINABLE GOALS GENDER INDEX For: Preliminary & Mains Topic covers: Index report, Global Vs. India, SDG Index News Flash India ranked 95th out of 129 countries in a new index that measures global gender equality looking at aspects such as poverty, health, education, literacy, political representation and equality at the workplace. Denmark was ranked at the first place and Chad at 129th place. China ranked at 74 position, Pakistan at 113 while Nepal and…

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Periodic Labour Force Survey (PLFS) Report

PERIODIC LABOUR FORCE SURVEY (PLFS) REPORT For: Mains Topic covers: Survey Report, Findings, PLF News Flash The report from the Periodic Labour Force Survey (PLFS) is finally out. Findings Unemployment has hit a four-decade high of 6.1 per cent in the country, according to the latest figures released by the Ministry of Statistics and Program Implementation (MoSPI). The bad news has reportedly affected urban youth, those aged between 15 and 29 years,…

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Organization of Islamic Cooperation

ORGANIZATION OF ISLAMIC COOPERATION For: Mains Topic covers: OIC’s statement, Makkah summit, India’s reaction News Flash Indian government ‘unaccepted’ the Organisation of Islamic Cooperation’s (OIC) reference to Jammu and Kashmir in a communiqué adopted at its summit meeting in the Saudi Arabian city of Makkah few days ago. The 14th summit of the Organisation of Islamic Cooperation (OIC) was held in Mecca, Saudi Arabia. The agenda of meeting was to address ‘current issues…

Quantum Optoelectronics

QUANTUM OPTOELECTRONICS For: Preliminary News Flash Materials such as tungsten diselenide (WSe2) and molybdenum diselenide are being studied keenly for their opto-electronic properties – a combination of optics and electronics. A key property of these materials is photoluminescence, in which the material absorbs light and re-emits it as a spectrum. Researchers from IIT Madras have found a way of enhancing this property about 30 times in tungsten diselenide. Two-dimensional material Consisting of…

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National Defence Fund

NATIONAL DEFENCE FUND For: Preliminary & Mains Topic covers: About the scheme, Major changes, NDF News Flash Prime Minister sanctioned an increase in the money awarded under scholarships for the children of the armed forces, paramilitary forces and the railway protection forces killed in the line of duty. Scheme The scholarships are awarded under the National Defence Fund, set up in 1962 to take charge of the voluntary donations in cash and kind…

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