Archives: Current Affair

The World Investment Report 2024, published by UNCTAD, provides a comprehensive analysis of global and regional foreign direct investment (FDI) trends and their implications for sustainable development. Key highlights: Global FDI Trends: Global FDI flows declined by 2% in 2023, reaching $1.3 trillion. This downturn is attributed to ongoing global crises, trade tensions, and tighter […]

Air pollution has caused 8.1 million deaths around the world in 2021 with  China and India accounting for more than half of the global burden at 2.3 and 2.1 million deaths respectively, according to the recently released State of Global Air Report. As per the report, air pollution is considered to be one of the […]

The East Coast Rail Link (ECRL) is a major infrastructure project underway in Malaysia. Purpose: Connect the east coast states of Peninsular Malaysia (Kelantan, Terengganu, Pahang) to the developed west coast (Selangor, Negeri Sembilan, Federal Territory of Putrajaya). Bridge the gap in the existing railway network, which currently only partially connects these regions. Improve transportation […]

The International Union of Railways – translated as Union Internationale des Chemins (UIC) – is an international rail transport industry body. It was formed in 1922 . Headquartered at Paris. Functions: Promote rail transport globally. Facilitate cooperation among railway members. Develop and publish solutions to railway system issues. Advocate for the railway sector. Promote technical […]

Why in News? Amid a sharp decline in funding for startups and consequent job losses, Indian Inc has sought the removal of Angel Tax that has been a subject of heated debate between the industry and the government ever since the scope of the controversial tax was expanded in the Finance Bill 2023. What is Angel  Tax? Angel tax […]

Why in News ? Govt in talks to revamp SHAKTI policy for coal linkage process What is SHAKTI Scheme ? The Shakti Scheme, also known as the Scheme for Harnessing and Allocating Koyla (Coal) Transparently in India, is a policy implemented by the Ministry of Power in India. Key Features: Transparent Coal Allocation: The scheme […]

Why in News? The National Financial Reporting Authority (NFRA) will wrap up its first annual inspection of eight audit firms – including the Big Five. About NFRA : The National Financial Reporting Authority (NFRA) is a crucial regulatory body established under the Companies Act, 2013, in India. Objectives: Enhance the Quality of Corporate Financial Reporting: The NFRA strives to ensure […]

Why in News ? India is looking to start large-scale production of bio-bitumen from biomass or agricultural waste, a move that would help reduce imports of the material used for asphalting of roads while also addressing the persistent issue of stubble burning. India currently imports about half of its annual requirement of bitumen and the […]

The SIPRI report says China’s nuclear arsenal increased from 410 warheads in January 2023 to 500 in January 2024, and it is expected to keep growing. India possesses more nuclear weapons than Pakistan, while China has expanded its nuclear arsenal from 410 warheads in January 2023 to 500 by January 2024, according to a report […]

The National Curriculum Framework (NCF) in India is a crucial document that guides the development of school curriculums across the country. It’s closely linked to the National Education Policy (NEP) 2020. Objectives: Transforming Education: The NCF aims to translate the vision of NEP 2020 into actionable steps for school education. It outlines the desired learning […]