Archives: Current Affair

The Charaideo Maidam in Assam has been added to the UNESCO World Heritage Site list under the cultural property category. This decision was made during the 46th session of the World Heritage Committee in Delhi.   UNESCO’s World Heritage Sites are places of significant cultural or natural importance, recognized for their outstanding universal value to humanity. The […]

Capital gains tax is a tax on the profit realized from the sale of a non-inventory asset. The gain is calculated as the difference between the sale price and the purchase price of the asset. Capital gains can be classified into short-term and long-term, depending on how long the asset was held before selling. Types […]

The elderly population of India is expected to double by 2050, according to United Nations Population Fund (UNFPA) India chief Andrea Wojnar. This includes the factors of India’s youthful population, ageing population, urbanisation, migration, and climate resilience. the number of individuals who are 60 years of age and above is projected to double to 346 […]

To date, over 10 billion metric tonnes of plastic have been produced worldwide, with plastic production skyrocketing by more than 18,300 per cent over the past 65 years. Currently, around 460 million metric tonnes of plastic are produced annually, and without intervention, this figure is projected to triple by 2050. Despite this massive production and […]

A brown dwarf is a type of astronomical object that occupies the mass range between the heaviest gas giant planets and the lightest stars. Brown dwarfs are fascinating because they share characteristics with both stars and planets but are distinct entities with unique properties. Characteristics of Brown Dwarfs Mass and Size: Brown dwarfs have masses […]

Why in news? Finance Minister Nirmala Sitharaman introduced significant revisions to capital gains taxation, focusing particularly on real estate transactions in the Union Budget 2024. The budget eliminated the indexation benefit, which previously enabled property owners to adjust their purchase price for inflation, thereby reducing taxable profits. About  Indexed Purchase Price: Indexed purchase price is […]

Why in news ? Finance Minister Nirmala Sitharaman in her budget speech 2024-2025 announced the launch of a new pension scheme ‘Vatsalya’ for children (NPS Vatsalya Plan). This scheme is a form of the National Pension System (NPS), which has been specially designed for the youth. Keeping in mind the future of the children, Sitharaman, […]

Primary Amebic Meningoencephalitis (PAM) is a rare but devastating brain infection caused by a microscopic amoeba called Naegleria fowleri. Often referred to as the “brain-eating amoeba”, this organism is typically found in warm freshwater environments like lakes, rivers, and hot springs. How does PAM occur? PAM occurs when contaminated water enters the body through the […]

Headline inflation is the overall rate of inflation in an economy, including the prices of all goods and services. It’s calculated using the Consumer Price Index (CPI), which measures the average change in prices over time of a fixed basket of goods and services consumed by households. Other Types of Inflation Core Inflation: This excludes […]

Article 361 of the Indian Constitution provides certain immunities to the President and Governors of states. This provision has been in the spotlight due to a recent Supreme Court decision to review its scope. Key Provisions of Article 361 Non-answerability to courts: The President or Governor is not answerable to any court for the exercise […]