Archives: Current Affair

May 22, 2024

Russia’s economic resilience :

Despite of facing various economic/trade restrictions due to war against Ukraine  , the Russian economy is doing fairly well. Factors Contributing to Russia’s Resilience: High Energy Prices: Global oil and gas prices surged after the war began, boosting Russia’s export revenue despite some discounts on its oil. Pivot to New Markets: Russia has redirected energy […]



May 22, 2024

What is Copernicus Emergency Management Service (CEMS)? What is EU’s Copernicus programme

Why in News ? On the request of Iran, the European Union (EU) has  activated its rapid satellite mapping service to help search efforts in finding the crashed chpper of Iranian president. The rapid mapping service is one of the crucial components of the Emergency Management Service (EMS), which comes under the EU’s Copernicus programme. […]



May 22, 2024

Daily Current Affairs for UPSC – 22 May 2024 : Arrest warrant against Netanyahu: What is  Rome Statute? What is ICC?

Why in News ?  The ICC Prosecutor has recently asked for an arrest warrant against Netanyahu: The Prosecutor of the International Criminal Court (ICC) has  requested arrest warrants against leaders of Hamas and Prime Minister Benjamin Netanyahu of Israel about the October 7, 2023 attacks and the war in Palestine. Why arrest warrant ? All […]



May 21, 2024

What is Common but Differentiated Responsibilities and Respective Capabilities (CBDR–RC) ?

Why in News? The term was rcently used in an article regarding the climate change. What is CBDR_ RC ? It is a principle within the United Nations Framework Convention on Climate Change (UNFCCC) that acknowledges the different capabilities and differing responsibilities of individual countries in addressing climate change. The principle of CBDR–RC is enshrined […]



May 21, 2024

Twelver Shi’ism

Why in News ? The term was recently used Iran’s president death. Twelver Shi’ism, also known as Imamiyya, is the largest branch of Shia Islam, encompassing roughly 85% of all Shia Muslims globally. Core Beliefs: Imamate: Central to Twelver Shi’ism is the concept of the Imam. They believe in twelve divinely appointed Imams, descendants of […]



May 21, 2024

What is Thrombotic Thrombocytopenic Purpura (TTP)?

What is TTP? TTP is a rare, life-threatening blood disorder. In TTP, blood clots form in small blood vessels throughout your body. The clots can limit or block the flow of blood to your organs, such as your brain, kidneys, and heart. This can prevent your organs from working properly and can damage your organs. […]



May 18, 2024

High Energy Photon Source (HELPS): What is synchrotron?

Why in news ?The chinese’ High Energy Photon Source (HELPS) will begin operations by the end of this year. It will be the first fourth-generation synchrotron light source in Asia. What is synchrotron ? It is  a powerful machine  used in scientific research. Particle Accelerator: It’s a type of particle accelerator, specifically designed for charged […]



May 18, 2024

Capital market reform 2.0 / What is Bloomberg Bond Index?

Why in News?  The Chief Economic Adviser V Anantha Nageswaran has recently said that \the country needs further capital market reform 2.0 to meet the growing needs of the economy. He said that India will be entering into the JP Morgan government bond index. We have to deal with that and subsequently, starting in January […]



May 18, 2024

India’s Draft Digital Competition Bill, 2024

India’s Draft Digital Competition Bill, proposed in March 2024, aims to regulate large digital enterprises and promote a fair and competitive digital marketplace. Here’s a breakdown of the key points: Focus: The Bill targets companies designated as Systematically Significant Digital Enterprises (SSDEs) based on factors like turnover, user base, and market influence. This likely applies […]



May 17, 2024

Daily Current Affairs for UPSC – 17 May 2024 : What is  Government Pension Fund Global (GPFG)?  What is Oil Fund?

Why in news ? Bank, the central bank of Norway, has excluded Adani Ports and Special Economic Zone (APSEZ) from its Government Pension Fund Global, over the ‘unacceptable risk’ the company contributes to human rights violations during the times of war and conflicts. The Norwegian Government Pension Fund Global GPFG is one of the world’s […]



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Current Affair | Vaid ICS Institute - Part 14