- Finance Minister announces new horizons of growth; structural reforms across Eight Sectors paving way for Aatma Nirbhar Bharat(PIB) Introduction of Commercial Mining in Coal Sector.
- Govt. throws open defence production and coal sectors(TH) Steps to indigenise defence production by banning the import of some weapons and platforms while hiking foreign direct investment into the sector were taken.
- Domestic defence procurement gets separate budget provision(TH) The government would make a separate budgetary provision for domestic defence procurements and bring out a negative import list for weapons and military platforms,
- Private sector in space was part of 2017 Bill(TH) Govt. will provide a predictable policy and regulatory environment and allow private sector to use ISRO facilities.
- Coal,mineral reforms to help reduce imports(TH) Coal sector will get a boost as private parties can now bid for 50 blocks: CARE Ratings.
- Privatising discoms of UTs will improve finances(TH) The power sector reforms announced will bring greater sensitivity towards large outstanding dues to power gencos, thus improving the financial health of the industry
- Aviation sector measures on expected lines (TH) The three key announcements of Union Finance Minister Nirmala Sitharaman concerning the civil aviation sector have been viewed as those on expected lines, while the announcement on MRO (maintenance, repair and operations) needed more clarity on the tax incentives, industry experts said.
- Centre throws open all sectors to private players(TH) The Centre has agreed to demands from States to hike their borrowing limits from 3% to 5% of their GDP in light of the COVID-19 crisis, but on the condition that they implement specific reforms.
- Explained: Why the govt had to inject money into the power sector(IE) This is despite several interventions, including a scheme called UDAY that was launched in 2015 to fix the problems of a sector where the upstream side (electricity generation) was drawing investments even as the downstream (distribution) side was leaking like a sieve.
GS2: International Relations
- Explained: The new Indian road to Lipu Lekh, Nepal’s protests, and the strategic importance of the area(IE) Kathmandu has pointed out that it has brought up its concerns on the border issue several times, including in November 2019, when Delhi put out its new political map of India to show the bifurcation of Jammu & Kashmir.
- Commonwealth collaboration has never been more important(TH) “What we are facing right now is the monsoon in Asia. We’re also looking forward, if you can put it that way, to a really bad hurricane season across the Caribbean.
GS3: Science & Technology
- Explained: When does a disease become endemic?(IE) According to an article published in the journal Science, when epidemics become endemic, the responsibility of protecting against it shifts from the government to the individual.
- Explained: How human challenge works(IE) Back in 1796 Edward Jenner, father of the smallpox vaccine, infected his gardener’s son with the smallpox virus after having used his newly developed vaccine on the eight-year-old.
- Explained: How tropical cyclones are named(IE) Cyclones that form in every ocean basin across the world are named by the regional specialised meteorological centres (RSMCs) and Tropical Cyclone Warning Centres (TCWCs). There are six RSMCs in the world, including the India Meteorological Department (IMD), and five TCWCs.