External Benchmarks Lending Rate

According to a recent RBI report on ‘Monetary transmission in India’, the share of outstanding loans linked to External Benchmarks Lending Rate (EBLR – like repo rate), increased from as low as 2.4% during September 2019 to 28.5% during March 2021. This increase in EBLR linked lending will contribute to significant improvement in monetary policy transmission. However, still 71.5% of outstanding loans are

NASA’s New Spacecraft: NEA Scout

Recently, National Aeronautics and Space Administration (NASA) has announced that its new spacecraft, named Near-Earth Asteroid Scout or NEA Scout, has completed all required tests and has been safely tucked inside the Space Launch System (SLS) rocket. NASA’s New Spacecraft: NEA Scout About NEA Scout: Near-Earth Asteroid Scout, or NEA Scout, is a miniaturized spacecraft, known as a CubeSat, developed under NASA’s Advanced Exploration

Dragon Fruit

In June 2021, India exported its first consignment of dragon fruit from a farmer of Maharashtra to Dubai in the United Arab Emirates. Dragon Fruit About: Introduction: The dragon fruit (Hylocereus undatus) is indigenous to the Americas. It is a member of the cacti family. It is also known as ‘Pitaya’, ‘Pitahaya’, strawberry pear, noblewoman and queen of the night throughout the world. In India, it is

Changing Landscape of Alps: Europe

A recent study by the ETH technical university in Zurich, Switzerland shows that climate change has dramatically altered the Swiss Alp landscape. Changing Landscape of Alps: Europe Important Findings: Melting glaciers have created more than 1,000 new lakes across the mountains. The inventory of Swiss Glacial lakes showed that almost 1,200 new lakes have formed in formerly glaciated regions of the Swiss Alps since the end

State of Food Security and Nutrition in the World

A report titled ‘The State of Food Security Nutrition in the World 2021 (SOFI)’ has studied the impact of Covid-19 pandemic-induced income loss on food intake and malnutrition. The report is presented by the Food and Agriculture Organization of the United Nations, the International Fund for Agricultural Development, the United Nations Children’s Fund, the World Food Programme and the World Health Organization. Earlier,

Challenge to Restitution of Conjugal Rights

The Supreme Court (SC) is going to hear a fresh challenge to the provision allowing restitution (recovery) of conjugal rights under Hindu personal laws (Hindu Marriage act 1955). Challenge to Restitution of Conjugal Rights Conjugal Rights: Conjugal rights are rights created by marriage, i.e. right of the husband or the wife to the society of the other spouse. The law recognises these rights—

Pegasus Spyware

Recently, it has been reported that Pegasus, the malicious software, has allegedly been used to secretly monitor and spy on an extensive host of public figures in India. Pegasus Spyware About Pegasus: It is a type of malicious software or malware classified as a spyware. It is designed to gain access to devices, without the knowledge of users, and

New Commission for Air Quality Management

The Ministry of Environment, Forests and Climate Change (MoEFCC) is set to table the Commission for Air Quality Management in the National Capital Region and Adjoining Areas Bill, 2021 in Parliament during the Monsoon Session. New Commission for Air Quality Management Background and New Changes: Initially, the Commission for Air Quality Management ordinance was promulgated by the President in October, 2020 but the bill to

Fertiliser Self-Sufficiency

Recently, the Minister of Chemicals and Fertilisers has reviewed the initiatives of the Department of Fertilisers for making India Atmanirbhar in Fertilisers. The Government is planning to liberalise Market Development Assistance (MDA) policy to promote the use of alternative fertilisers. Fertiliser Self-Sufficiency MDA Policy: MDA policy was earlier limited to city compost only. There were demands to expand this policy by incorporating organic waste like Biogas, Green

Post-2020 Global Biodiversity Framework

The United Nations Convention on Biological Diversity (CBD) has demanded an additional $200 billion fund flow to developing countries from various sources to manage nature through 2030. It is one of many demands and targets that have been set through 2030 in the official draft of a new Global Biodiversity Framework. Post-2020 Global Biodiversity Framework: Background: Biodiversity,

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