Current Affairs 08 July 2022

CONTENTS

1. Exit of Foreign Portfolio Investors
2. Sub-categorisation of OBCs
3. Direct Seeding of Rice
4. Bharat NCAP
5. What is a derecho?

Exit of Foreign Portfolio Investors

Context:   

June 2022 witnessed the worst Foreign Portfolio Investor (FPI) selloff since March 2020 when India announced a nationwide lockdown at Rs. 50,000 crore.

• June was also the ninth on the trot that FPIs had sold net of their assets i.e. sold more than they had purchased.

Relevance:

GS III- Indian Economy (Capital Market)

Dimensions of the Article:

1. What is FPI?
2. What are the categories of FPIs?
3. Significance of FPI
4. How Big are FPI In India?
5. Why have FPIs been selling India holdings?
6. What Impact Does an FPI Selloff Have?

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Sub-Categorisation of OBCs

Context:

Recently, the Centre extended the tenure of The Commission to Examine Sub-categorisation of Other Backward Classes (OBCs) headed by Justice G Rohini, former Chief Justice of Delhi High Court.

• The Commission, constituted nearly five years ago, has got 10 extensions so far, and now has until January 31 next year to submit its report.

Relevance:

GS II- Polity and Governance

Dimensions of the Article:

1. What is sub-categorisation of OBCs?
2. What is the Commission’s brief?
3. What progress has it made so far?
4. What have its findings been so far?
5. What is the extent of OBC recruitment in central jobs?

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Direct Seeding of Rice

Context:

Recently, the state of Punjab was unable to achieve its target in the water-saving method (direct-seeded rice).

Relevance:

GS III- Agriculture

Dimensions of the Article:

1. What is DSR?
2. How much water can DSR help save?
3. Advantages of DSR tech
4. Disadvantages of DSR tech

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Bharat NCAP

Context:

Recently, the  Ministry of Road Transport and Highways approved the draft GSR notification to introduce Bharat NCAP (New Car Assessment Program).

• Bharat NCAP (New Car Assessment Program) will be rolled out from April 1, 2023.

Relevance:

GS II- Governance

Dimensions of the Article:

1. About Bharat NCAP
2. Feature
3. Significance

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What is a Derecho?

Context:

Recently, States of Nebraska, Minnesota and Illinois in the US were hit by a storm system called a derecho.

Relevance:

GS I- Geography

Dimensions of the Article:

1. What is a derecho?
2. Why did the sky turn green during the derecho that hit US recently?
3. Are there different types of derechos?
4. Where do derechos usually occur?

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