daily-news-prescription-29-february-2020

GS3: Economy

Growth slows to 4.7% in Q3, ‘bottomed out’, says Centre(TH), Slower still(IE): Gross Domestic Product growth was registered at 5.6% in the corresponding quarter of 2018-19.

Coronavirus infects global markets, investors dump equities(TH) Global markets went into a tailspin on Friday as investors stampeded out of stocks and commodities and flocked to the relative safety of government bonds, prompted by fears of a global recession due to the spread of the coronavirus.

 

GS3: Environment

Explained: Red snow at Antarctic base: the cause, and the concerns(IE) “Red snow” or “watermelon” is a phenomenon that has been known since ancient times. Now, it raises concerns about climate change.

 

Prelims Corner

"1. Zonal Council - 24th Eastern Zonal Council royalty on coal has not been revised since 2012. While saying that there is an urgent need to revise royalty.

2. Citizenship Rules in Assam - Explained: Assam’s citizenship test papers(IE) India has various provisions and dates for citizenship by birth, descent, naturalization, etc. “Assam has a special provision when it comes to citizenship,”

3.NPPA - The National Pharmaceutical Pricing Authority (NPPA) has decided to exempt a new stent made by Meril Life Sciences from price control, several months after a patient activist group raised safety concerns about the product.

4. Biofuel from Microorganism - The biofuel sector could get a boost, with researchers at the International Centre for Genetic Engineering and Biotechnology (ICGEB) here developing a method to improve the growth rate and sugar content of a marine microorganism called Synechococcus sp. PCC 7002.