Archives: Current Affair

The Expanded ASEAN Maritime Forum (EAMF) is a platform that involves ASEAN member states and non-ASEAN countries to address maritime security challenges and promote maritime cooperation. The EAMF builds on the ASEAN Maritime Forum (AMF), which focuses on issues related to maritime safety, security, and cooperation within ASEAN, but extends it to a broader set […]

The ASEAN Regional Forum (ARF) is an important platform for security dialogue in the Asia-Pacific region. It involves not only the ten ASEAN (Association of Southeast Asian Nations) member states but also several key non-ASEAN countries that are important stakeholders in regional security. History and Formation: The ARF was established in 1994 during the 26th […]

Why in News? National Aeronautics and Space Administration (Nasa) is set to launch its most ambitious planetary mission to Jupiter’s icy moon Europa, aiming to explore the potential for life in the solar system’s most intriguing ocean worlds. The launch of the Europa Clipper space  tool place on 14 Oct , 2024. The spacecraft is […]

Why in New? India’s total renewable energy capacity  has crossed  the 200 GW (gigawatt) mark as of October 10, 2024. It accounts  for 46.3 percent of the country’s total installed capacity. India’s renewable energy targets: By 2030: Achieve 500 GW of installed electricity capacity from non-fossil fuel sources. Net-Zero by 2070: As per India’s commitments at COP26. […]

The Nobel laureates in the economic sciences have demonstrated the importance of societal institutions for a country’s prosperity. Societies with a poor rule of law and exploitative institutions do not generate growth or change for the better. Where does India fit into this understanding? The Royal Swedish Academy of Sciences on Monday awarded the Sveriges […]

The concepts of inclusive and extractive institutional frameworks are central to understanding why some nations prosper while others remain in poverty. These terms were popularized by economists Daron Acemoglu and James A. Robinson in their book “Why Nations Fail.” Here’s an explanation of both concepts: 1. Inclusive Institutional Framework: Inclusive institutions create a level playing […]

Why in News? Indian businesses supplied UNICEF with goods and services worth nearly $6 billion for its global work from 2016 to 2023, making it the third largest supplier in 2023. This contribution includes vaccines, pharmaceuticals and nutrition supplies that are critical to meeting the health and nutrition needs of children around the world. Indian […]

Why in New?The Norwegian Nobel Committee has selected the Japanese anti-nuclear weapons organization Nihon Hidankyo for the 2024 Nobel Peace Prize. The Norwegian committee chose the Nihon Hidankyo organization for its efforts to achieve a world free of nuclear weapons and to demonstrate through the victims of nuclear weapons that nuclear weapons should never be […]

Banks are likely to deliver a softer growth in the quarter ended September 2024, led by slower credit growth and moderation in net interest margins (NIM). Net interest margin are expected to decline by 2-10 basis points sequentially given pressure on cost of funds resulting from repricing of deposits. “Banks are expected to deliver yet […]

After devastating floods and landslides killed more than 200 people in Kerala’s Wayanad district in July 2024, the Union Ministry of Earth Sciences approved an X-band radar to be installed in the district. A torrential downpour triggered the landslide in the valley above Punchirimattom, near the Mundakkai region; its effects were compounded by a massive […]