Archives: Current Affair

The Land Acquisition, Rehabilitation and Resettlement Act, 2013 (LARR Act) was enacted in India to provide a comprehensive framework for the acquisition of land for public purposes and to ensure the rehabilitation and resettlement of affected persons. Here are the key features and provisions of the Act: Key Features Scope and Purpose: The Act aims […]

Oral Rehydration Therapy (ORT) has saved millions of lives worldwide, particularly in low-resource settings where dehydration from diarrhea is a leading cause of death among young children. ORT’s simplicity and effectiveness have made it one of the most powerful public health interventions, preventing severe dehydration and complications that would otherwise require intravenous treatment. The Discovery […]

The worsening impact of climate change, as found in new Lancet report People across the world are facing record-breaking threats to their wellbeing, health, and survival from climate change, which has raised temperatures to dangerous new heights, a new report from Lancet Countdown on Health and Climate Change has revealed. Key Findings: 48%of the world’s […]

The Reserve Bank of India (RBI) confirmed a new wave of gold shipments, relocating 102 tonnes of gold from the Bank of England’s vaults to secure facilities within India. India’s gold reserves currently total 854.73 metric tonnes, according to a recent Reserve Bank of India (RBI) report. India ranks 8th for gold reserves. The top-ranking […]

Why media ‘calls’ US elections, what this means? The United States does not have an equivalent of the Election Commission of India. This means that the task of tabulating national results falls on the media. When the media “calls” U.S. elections, it means news organizations are predicting the winners based on analyzed vote counts. Vote […]

What are Mule accounts and rented accounts ? Mule Accounts: A mule account is used by criminals to move illicit funds from one place to another to conceal the origins and destination. Often, the account holder (or “mule”) may or may not be aware of the illegal nature of the transactions they’re helping to facilitate. […]

The output-inflation tradeoff refers to the relationship between economic growth (output) and inflation. It suggests that when a country tries to increase output (e.g., GDP growth), inflation tends to rise, and when it tries to reduce inflation, output often decreases. This tradeoff is mainly described by the Phillips Curve, which shows an inverse relationship between […]

Fast-Moving Consumer Goods (FMCG) are products that are sold quickly at relatively low cost and have high turnover due to frequent consumer demand. These products are essential in daily life, so they tend to be used up quickly and purchased regularly, such as packaged foods, personal care items, and household supplies. Key Characteristics of FMCG: […]

Pent-up demand refers to a situation where consumers are eager to purchase goods or services but are unable to do so due to various factors, such as economic downturns, supply chain issues, or external restrictions (like lockdowns). This demand builds up over time, leading to a surge in purchases once the barriers to buying are […]

What are Mule accounts and rented accounts ? Mule Accounts: A mule account is used by criminals to move illicit funds from one place to another to conceal the origins and destination. Often, the account holder (or “mule”) may or may not be aware of the illegal nature of the transactions they’re helping to facilitate. […]