khasi kingdom and Indian republic

Khasi kingdoms and Indian Republic For: Preliminary; Mains: GS I Topics covered: Historical backgrounds, khasi kingdoms, Instrument of Accession, Inner Line Permit News Flash A federation of 25 Himas or Khasi kingdoms, planned to return to the 1948 agreements that made present-day Meghalaya a part of India. Why it is being done To safeguard the tribal’s customs and traditions from Central laws in force or could be enacted. For Example: the Citizenship (Amendment)…

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China’s Moon Mission

Underground tunnels for storage of ammunition Indian Army is planning to construct underground tunnels for storage of ammunition along the border with China and Pakistan and Public Sector Undertaking NHPC Limited is being roped in for the purpose. Underground storage offers improved safety, easier camouflage from enemy observation and satellite imagery and protection from enemy strikes. Major armies, including China and the U.S., already use underground ammunition storage. These tunnels will be built in high…

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RBI Swap Auction

RBI swap auction For: Mains Topics covered: Dollar-Rupee buy/sell, Swap auction, News Flash The second dollar-rupee buy/sell auction also saw healthy demand with the Reserve Bank of India getting 255 bids worth $18.65 billion compared with the notified amount of $5 billion. What a Swap Auction is? It’s a new policy tool being used by RBI to increase liquidity. High-street banks would sell dollars to the RBI at a dollar-rupee exchange rate fixed…

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Foreign Direct Investment

FDI in Medical Devices hurting For: Preliminary Topics covered: Foreign Direct Investment, Advantages of FDI in Medical devices News Flash Blanket implementation of price controls has contributed to a drastic fall in Foreign Direct Investment (FDI) in the medical device sector, pointing to a reduction from $439 million in 2016 to $66 million in 2018. This decline has happened even though FDI is allowed through automatic route. Background In 2015 the Centre approved…

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India’s Reactions on Import ban on Iranian oil

India’s Reactions on Import ban on Iranian oil For: Preliminary; Mains: GS II Topics covered: International Relations, India’s new strategy, Oil imports News Flash USA have taken back the exemptions given to India and other countries to import Iranian oil. The Indian government has indicated it will ‘zero out’ oil imports after the May 2 deadline. Government’s focus is now on finding alternative sources of energy, and minimising the impact on the Indian market.…

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CJI sexual harassment accusations

Internal committee of Supreme Court on CJI sexual harassment accusations For: Preliminary; Mains: GS II News Flash The Supreme Court on Tuesday constituted a committee comprising Justice S.A. Bobde (he is the senior-most judge of the Supreme Court after Ranjan Gogoi), Justice N.V. Ramana and Justice Indira Banerjee. All three judges command universal respect on account of their competence, objectivity, experience and independence. Yet, the constitution of the committee raises very serious and profound…

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World Malaria Day 2019

World Malaria Day For: Preliminary Topics Covered: Malaria disease, preventions News Flash This year’s World Malaria Day, being observed on April 25, has the theme ‘Zero malaria starts with me’. According to the Health Department, both indigenous and imported malaria cases are being reported in Kozhikode in the past few years. The presence of Anopheles mosquitoes that spread the disease has been confirmed in the State, and there have been deaths owing to cerebral…

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London Interbank offered rate (LIBOR)

London Interbank Offered Rate (LIBOR) For: Mains Topics covered: LIBOR, Transition, Opportunities, Intercontinental Exchange News Flash Libor (London interbank offered rate), the benchmark underpinning more than $350 trillion of financial products, will be phased out by the end of 2021, as UK regulators and banks look to replace the scandal-tarred indicator with. LIBOR LIBOR is a benchmark interest rate at which major global lend to one another in the international interbank market for short-term…

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Toda Community

Toda buffalo For: Preliminary Topics covered: Toda Culture, Toda festival, Toda buffalo, Lack of grazing ground News Flash The population of the Toda buffalo at Muthanadu Mund near Udhagamandalam or popularly known as Ooty, is being limited due to lack of grazing grounds. The population of the buffaloes had seen a slight increase over the last few years. Better immunisation campaigns for the cattle had resulted in a slight rebound in the population of…

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Investor Education and Protection Fund (IEPF) Authority

Investor Education and Protection Fund (IEPF) Authority For: Preliminary Topics covered: IEPF Authority, Powers-responsibilities and functions News Flash The Investor Education and Protection Fund (IEPF) Authority has been able to force The Peerless General Finance and Investment Company Ltd to transfer deposits worth about Rs 1,514 crore to the IEPF. Background This depositor’s money was pending with the company (The Peerless General Finance and Investment Company Ltd) for the last 15 years. This…

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