Archives: Current Affair

October 26, 2023

Upholding Ethical Standards: The Significance of Lok Sabha’s Ethics Committee

Introduction: The Lok Sabha Ethics Committee, established over two decades ago, holds a crucial position in overseeing the behavior of members and addressing cases of misconduct. Its role in maintaining ethical standards within Parliament is paramount, despite primarily handling minor offenses. Historical Evolution of Ethics Committees: Origin in 1996: The proposal for ethics panels in […]



October 26, 2023

International Solar Alliance’s Groundbreaking ‘Global Solar Stock-take Report

Introduction: The International Solar Alliance (ISA), comprising 121 member nations primarily located between the Tropic of Cancer and the Tropic of Capricorn, is poised to release its inaugural ‘global solar stock-take report.’ This endeavor draws inspiration from the United Nations’ first-of-its-kind ‘Global Stocktake’ event slated for Dubai later this year. About the International Solar Alliance […]



October 26, 2023

Unveiling Antarctica’s Ancient Landscape: A Glimpse into its Lush Past

Introduction: Scientists have recently revealed a sprawling ancient landscape buried beneath Antarctica’s ice sheet, providing a remarkable window into a time when the continent was not a frozen expanse, but a vibrant land with rivers and forests teeming with life. This discovery, situated in the Wilkes Land region of East Antarctica, holds vital insights into […]



October 26, 2023

Revisions in Fertilizer Subsidy Rates: Implications for Indian Agriculture

Introduction: The Union Cabinet has recently announced significant changes in the subsidy rates for key fertilizers in India, differentiating between the October-March and April-September periods. This move holds substantial implications for the agricultural sector, particularly in the context of the nutrient-based regime. Changes in Subsidy Rates: Nitrogen (N): Subsidy reduced by 38% in the October-March […]



October 26, 2023

Ensuring Dam Safety in the Himalayas: Challenges, Solutions, and the Way Forward

Introduction India, home to nearly 6,000 large dams, faces critical concerns regarding the safety of these structures, as a significant portion surpasses 25 years in age, posing potential risks. The Himalayas, instrumental in meeting India’s energy demands, harbor numerous large dams and hydropower projects. However, the recent Glacial Lake Outburst Flood (GLOF) incident in North […]



October 26, 2023

CCI’s Groundbreaking “Leniency Plus” Norms: A Paradigm Shift in Combating Cartels

Introduction: The Competition Commission of India (CCI), the apex competition regulator in the nation, has recently introduced a draft of revised lesser penalty regulations, unveiling the innovative “Leniency Plus” Norms. This development signifies a pivotal strategy in the battle against cartels, aiming to promote transparency and bolster antitrust enforcement. This article delves into the intricacies […]



October 26, 2023

Decoding the Significance of Election Symbols in Indian Politics

Introduction The recent Supreme Court decision in Telangana, denying a plea by a political party regarding the allocation of election symbols, has brought attention to the intriguing realm of political symbols in India. This article aims to delve into the intricate process of symbol allocation and its pivotal role in shaping the country’s political landscape. […]



October 26, 2023

RBI’s Forex Swap: A Strategic Tool for Liquidity Management and Inflation Control

Introduction The Reserve Bank of India (RBI) is set to conclude a $5 billion forex swap with banks, marking a strategic move aimed at effectively managing liquidity and mitigating inflationary pressures. This innovative financial instrument, known as the Dollar–Rupee Swap, allows the RBI to exchange its currency with banks, providing a crucial tool for stabilizing […]



October 26, 2023

Paris Pact for People and the Planet: India’s Pioneering Role in Sustainable Finance

Introduction The Paris Pact for People and the Planet represents a significant milestone in the global pursuit of sustainable development. In June, over 100 nations convened in Paris with a shared vision: to ensure that no nation is compelled to choose between eradicating poverty and safeguarding the environment. This historic gathering led to the creation […]



October 26, 2023

The Unsung Hero of Connectivity: Unraveling the SIM Card’s Significance

Introduction In today’s hyper-connected world, smartphones and cellular devices have become indispensable. Yet, amid the marvels of technology, one vital component often goes unnoticed – the Subscriber Identification Module (SIM) card. This article delves into the intricacies of SIM cards, highlighting their pivotal role in modern communication. Understanding the SIM Card Subscriber’s Identification The SIM […]



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Current Affair | Vaid ICS Institute - Part 78