PIB – 24 August 2021
ASIAN DEVELOPMENT BANK Focus: GS II- International Groupings Why in News? The Government of India and the Asian Development Bank (ADB) signed a $500 million loan to expand the metro rail network in Bengaluru with construction of two new metro lines totaling 56 km in length. About Asian Development Bank (ADB): The Asian Development Bank […]
24 August Static Quiz 2021 (Environment)
Ubharte Sitaare fund
Context: Union Finance Minister Nirmala Sitharaman is set to launch a Rs 250 crore worth alternate investment fund (AIF) on August 2021 for small and mid-sized export-oriented companies. Relevance: GS-III: Indian Economy (Growth and Development of Indian Economy, Industrial Development, Government Policies and Initiatives) Dimensions of the Article: “Ubharte Sitaare”: Alternate Investment Fund Other Initiatives […]
Fusion Ignition for the first time in U.S.
Context: Recently, researchers in the U.S. appeared to have demonstrated “fusion ignition” for the first time. This breakthrough has brought the world closer to the dream of near-limitless clean energy through nuclear fusion. Relevance: Prelims, GS-III: Science and Technology (Nuclear Technology) Dimensions of the Article: Nuclear Fusion Advantages of Nuclear Fusion About the Fusion Ignition […]
Draft Arunachal Inheritance Bill
Context: The draft Arunachal Pradesh Marriage and Inheritance of Property Bill, 2021, envisaging land rights for girls has met with stiff opposition in the State. Experts have asked the Arunachal Pradesh State Commission for Women (APSCW) to scrap certain provisions from the proposed Arunachal Pradesh marriage and inheritance bill, keeping in view the public sentiment […]
RBI, IRDAI nod must for FDI in bank-led insurance
Context: Applications for foreign direct investment in an insurance company promoted by a private bank would be cleared by the RBI and IRDAI to ensure that the 74% limit of overseas investment is not breached. Relevance: GS-III: Indian Economy (Economic Development in India, Government Initiatives to overcome Challenges in Economic Development) Dimensions of the Article: […]
Are oil bonds to blame for high fuel prices?
Context: The Centre has argued that it cannot reduce taxes on petrol and diesel as it has to bear the burden of payments in lieu of oil bonds issued by the previous UPA government to subsidize fuel prices. Relevance: GS-III: Indian Economy (Mobilisation of Resources, Growth & Development of Indian Economy, Taxation) Dimensions of the […]