Economy
NIOT to set up green, self powered desalination plant in Lakshadweep
Stepping up from its ongoing initiative of providing potable water on six islands of Lakshadweep using low temperature thermal desalination (LTTD) technology, the Chennai based National Institute of Ocean Technology (NIOT) is working at making this process free of emissions. Currently, the desalination plants, each of which ... .Read more
Updated on 17 March, 2023 GS3 Infrastructure Economy Environment Current Affairs
Editorial-2: China, India and the promise of the power of two
Context: The year 2023 marks a high point in India’s diplomacy, with its presidentship of the Shanghai Cooperation Organisation (SCO) and the G20. The focus is also on China which held “two sessions” recently: the annual sessions of the National People’s Congress of the People’s Republic of China and the ... .Read more
Updated on 16 March, 2023 International Relations Economy Current Affairs
Editorial-1: RBI should ensure banks are protected from global contagion, mismanagement
Context: A faltering bank, this time on the U.S. West Coast, sparked a déjà vu moment across global markets last week as fears of a Lehman redux triggered sharp declines in banking stocks worldwide and saw investors make a beeline for safe haven assets such as gold. However, over the course of four days, regulators in the world’s l... .Read more
Updated on 16 March, 2023 Governance Economy Current Affairs
RBI has permitted banks from 18 countries to trade in rupee: Centre
In News: Banks from 18 countries have been permitted by the Reserve Bank of India (RBI) to open special vostro rupee accounts (SVRAs) for settling payments in Indian rupees. The SVRAs could be set up by banks of partner countries by approaching authorised dealer (AD) banks in India that may get permission from the RBI after the due procedure. The RB... .Read more
Updated on 15 March, 2023 GS3 Governance Economy Current Affairs
Editorial-2: A fragile momentum
Context: 5.2% uptick in India’s Index of Industrial Production (IIP) this January is a good new year tiding for a metric that had seen two months of contraction in the previous five months. ●With the GrossValue Added (GVA) in the economy by the manufacturing sector shrinking 3.6% in the July to September 2022 and 1.1% in the October to Decem... .Read more
Updated on 14 March, 2023 Economy Current Affairs
Naatu Naatu, The Elephant Whisperers bring home 2 Oscars
Oscars awards 2023 ●Oscars 2023: The 95th Academy Awards (Oscars Awards 2023) are finally announced. ●The Academy Awards, or Oscars Awards 2023, which were originally held in 1929, recently celebrated their 95th anniversary. The Oscars Awards 2023 were held on March 13 in Los Angeles’ Dolby theatre. Oscars Awards 2023- India Nomination... .Read more
Updated on 14 March, 2023 GS2 Economy Current Affairs
