Archives: Current Affair

Death tourism, also known as euthanasia tourism, is the practice of traveling to another country to access assisted suicide or euthanasia services that may not be legally available in one’s home country. This phenomenon has grown in recent years, especially for individuals facing terminal or incurable illnesses and who wish to exercise control over their […]

A suicide pod, or euthanasia pod, is a controversial device designed to facilitate voluntary euthanasia in a controlled and painless manner. The pod, known specifically as “Sarco,” was developed by Dr. Philip Nitschke, a prominent advocate for euthanasia and founder of the organization Exit International. The Sarco pod is intended to provide a peaceful, dignified, […]

The Global Sovereign Debt Roundtable (GSDR) is an initiative led by the International Monetary Fund (IMF), World Bank, and the G20 to address global debt issues affecting low- and middle-income countries. Launched in early 2023, the GSDR aims to streamline and improve the process of restructuring sovereign debt for countries in financial distress, especially as […]

The European Union’s carbon tax, formally known as the Carbon Border Adjustment Mechanism (CBAM), is a trade policy aimed at reducing carbon emissions globally by imposing a carbon price on certain imported goods based on their emissions. Starting from October 2023, CBAM initially applies to high-emission sectors like cement, iron and steel, aluminum, fertilizers, electricity, […]

Why in News? The BRICS summit 2024 was recently held at Kazan , Russia. It focused on Strengthening Multilateralism for Just Global Development and Security. Key Declaration :  Russia emphasized a BRICS-led payment system against SWIFT. The BRICS nations agreed to explore initiatives, such as BRICS Grain Exchange and BRICS (Re)Insurance Company. The summit also […]

The Currency Composition of Official Foreign Exchange Reserves (COFER) is a statistical database maintained by the International Monetary Fund (IMF) that tracks the currency composition of countries’ foreign exchange reserves. These reserves are assets held by central banks and monetary authorities in different currencies, used to support the national currency and meet international payment obligations. […]

A “wave of sovereign defaults” occurs when multiple countries, often emerging or developing economies, are unable to meet their debt obligations within a short period. This trend usually emerges from shared economic challenges, such as global recessions, commodity price shocks, or rising interest rates, which simultaneously weaken the economic stability of vulnerable countries. In recent […]

A new study has argued that spraying millions of tonnes of diamond dust in the Earth’s upper atmosphere every year could help cool down the Earth and combat global warming. It might appear to be a rather outlandish claim, but this is not the first time such a solution has been proposed. Several other compounds, […]

Carbon Dioxide Removal (CDR) technologies are crucial for addressing climate change by actively removing CO2 from the atmosphere. These technologies complement emissions reduction efforts and aim to achieve net-negative emissions, contributing to global climate goals. Here’s an overview of key CDR technologies, their mechanisms, applications, and challenges. Key CDR Technologies Afforestation and Reforestation: Afforestation involves […]

Carbon Capture and Utilization (CCU) is a critical technology aimed at addressing climate change by capturing carbon dioxide (CO2) emissions from industrial sources and converting them into useful products. Overview of CCU Carbon Capture: CO2 is captured from sources such as power plants, cement factories, and chemical plants. Common methods include chemical absorption, physical adsorption, […]