Deposit Insurance Credit Guarantee Corporation (DICGC) Bill Context: Cabinet approves amendment to Deposit Insurance Credit Guarantee Corporation (DICGC) Bill to provide account holders access to up to Rs 5 lakh funds within 90 days of bank failure. The government had last year raised insurance cover on...
Dholavira became the UNESCO heritage site Context Dholavira, the archaeological site of a Harappan-era city, received the UNESCO world heritage site tag on Tuesday. While Dholavira became the fourth site from Gujarat and 40th from India to make the list, it is the first site of...
Exercise Cutlass Express 2021 Context: Indian Naval Ship Talwar is participating in Exercise Cutlass Express 2021, being conducted from 26 July 2021 to 06 August 2021 along the East Coast of Africa. The exercise is an annual maritime exercise conducted to promote national and regional maritime...
Insolvency and bankruptcy (amendment) Bill on pre-pack resolution of MSMEs Context: The Bill is set to replace the IBC Amendment Ordinance 2021 promulgated in April which introduced pre-packs as an insolvency resolution mechanism for micro, small and medium enterprises (MSMEs) with defaults up to Rs 1...
The Assam-Mizoram border dispute Context: At least five Assam Police personnel were killed after the old boundary dispute between Assam and Mizoram exploded in violent clashes a contested border point on Monday. The violence spotlights the long-standing inter-state boundary issues in the Northeast, particularly between Assam...
Gross Environment Product (GEP) Context: The Uttarakhand government recently announced it will initiate valuation of its natural resources in the form of ‘Gross Environment Product’ (GEP). It is along the lines of GDP About: Need of GEP: Rapid degradation of ecosystems, which led to adverse impacts on more...
United Nation’s Global Survey on Digital and Sustainable Trade Facilitation: Context: India has scored 90.32% in United Nation’s Economic and Social Commission for Asia Pacific's (UNESCAP) latest Global Survey on Digital and Sustainable Trade Facilitation. The Survey hails this as a remarkable jump from 78.49% in 2019. About: The Global...
India’s 39th World Heritage Site: Context: Rudreswara Temple (Ramappa Temple) at Palampet, Warangal, Telangana The decision was taken at the 44th session of the World Heritage Committee of UNESCO. Ramappa temple, a 13th century engineering marvel named after its architect, Ramappa, was proposed by the government as its only...
A climate risks Context: Last 2 weeks of July has seen over 50% more than what is normal for this time of the year. Many regions in the Konkan coast and the southern peninsula have been seeing instances of extreme rainfall. Distribution According to India Meteorological Department...
Special economic zone (SEZ) Context Around 250 fishermen and their families from Kattukuppam in Ennore protested on Monday demanding that the Tangedco stop construction work on a coal conveyor belt. Special economic zone (SEZ) A special economic zone (SEZ) is an area in which the business and trade...
