Current Affairs

Source: The Hindu; The Indian Express News: Chemists Carolyn R. Bertozzi and K. Barry Sharpless from the U.S.and Morten Meldal from Denmark received the Nobel Prize in chemistry for their research in click and bioorthogonal chemistry. Complications in imitating naturally occurring compound   Replicating reactions…

• by:-sharad
• October 11, 2022

Source: The Hindu; The Indian Express News: Induction of indigenously built multi-role Light Combat Helicopter (LCH), Prachand paved way for self reliance or Atmanirbharta in defence manufacturing. History of development of LCH Prachand: During Kargil war 1999, armed forces felt the need for a dedicated…

• by:-sharad
• October 10, 2022

Source: The Hindu; The Indian Express News: Recently Swedish scientist Svante Pääbo was awarded the Nobel Prize in medicine for mapping the Neanderthal genome. About Nobel Prize: Alfred Nobel(inventor of dynamite) established prizes in medicine, physics, chemistry, literature and peace. First Nobel awards in medicine,…

• by:-sharad
• October 10, 2022

Source: The Hindu News: India’s Insolvency and Bankruptcy Code is losing its relevance as haircuts of 100 out of 500 companies were above 90%. Haircut in Banking: When banks willingly made a reduction in loan amount.For Example: Bank took 20% haircut, if in case of…

• by:-sharad
• October 8, 2022

Source: The Hindu News: Delay in Governor’s assent to certain bills passed by Kerala and Tamil Nadu legislative assemblies is creating uncertainty around legislative programmes of the government.  Governor’s role in law making: Although the governor is appointed by the Central government, he is part…

• by:-sharad
• October 7, 2022

Source: The Hindu News: In recent years most urban centers  such as  Delhi (2013, 2021), Mumbai (2005, 2017), Chennai (2015, 2021), and Hyderabad (2020) and recently Bengaluru faced extensive losses to property and life due to adverse weather phenomena that brought the city to its…

• by:-sharad
• October 6, 2022

Source: The Indian Express News: Government extended the food grain distribution under Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY) for another three months until December 2022. About Pradhan Mantri Garib Kalyan Anna Yojana (PM-GKAY): In this scheme, free food grains (5 kg per person per…

• by:-sharad
• October 6, 2022

Source: The Hindu About BIMSTEC: BIMSTEC is a multilateral regional organisation composed of 7 members. Member countries: Bangladesh, Bhutan, India, Nepal, and Sri Lanka, Myanmar and Thailand. Official headquarters of BIMSTEC is located in Dhaka and  Sri Lankan diplomat Sumith Nakandala was appointed as its…

• by:-sharad
• October 5, 2022

Source: The Indian Express News: For security and safety of card transactions Reserve Bank of India started card-on-file (CoF) tokenisation from 1st October. Concept of Card tokenisation: Tokenisation is replacement of actual card details with a unique alternate code or ‘token’. Generated token through tokenisation…

• by:-sharad
• October 4, 2022

Source: The Hindu News: Central banks around the world often raise interest rates to curb inflation.Now, the question arises why central banks raise interest rates. Rationale behind raising interest rates: Increase in incentives to save and interest: As with the rise in interest rates borrowing…

• by:-sharad
• October 4, 2022