In News Recently, the World Bank has released the report titled Poverty and Shared Prosperity 2022: Correcting Course. Major Highlights of the report Poverty The world is unlikely to meet the goal of ending extreme poverty by 2030. 70 million people were plunged into poverty in 2020, the largest one-year increase since global poverty monitoring […]
In News Moonlighting has been a controversial topic in recent months after a few companies sacked their employees citing it as a reason. More about Moonlighting What is Moonlighting? Moonlighting — or employees working for remuneration with entities other than their employers. Moonlighting is neither new nor unusual. The practice has been around for a […]
In News The Union Minister of Commerce and Industry asked the Quality Council of India (QCI) to strive to bring about convergence of all the various quality and standards organisations in the country About Quality Council of India (QCI) It was established as a National body for Accreditation on recommendations of the Expert Mission of […]
In News India overtakes other countries to become the world’s largest producer, consumer of Sugar, and second largest exporter of sugar. Key Points Production: A record amount of sugarcane—more than 5000 Lakh Metric Tons (LMT)—was produced in the nation during the sugar season Oct. to Sep. (2021–22), of which around 3574 LMT was crushed by […]
In News Recently, the No Oil Producing and Exporting Cartels (NOPEC) bill was passed by a Senate committee which intends to protect U.S. consumers and businesses from engineered oil spikes. Key Points Background: Several attempts to pass NOPEC over more than two decades have long worried OPEC’s de facto leader Saudi Arabia, leading Riyadh to […]
Growth and related issues In News Recently, the opinion has emerged that Strengthening the Corporate Social Responsibility (CSR) framework is a profitable idea. Data of CSR participation of companies Rise in spending: Ever since the establishment of the Corporate Social Responsibility (CSR) regime in India (under Section 135 of the Companies Act 2013), CSR spending […]
In News Recently, the share price of Credit Suisse has hit an all-time low. About Credit Suisse crisis It was founded in 1856 to fund the development of Switzerland’s rail system. It is one of the oldest and historically one of the most influential banks in the world. It is based in Switzerland. Credit Suisse […]
In News Recently, scientists have genetically modified mosquitoes to slow the growth of malaria-causing parasites in their guts which can also help prevent transmission of the disease to humans. About Malaria Parasites Malaria is a life-threatening disease caused by parasites that are transmitted to people through the bites of infected female Anopheles mosquitoes. The parasite […]
Context The department of agriculture & farmers welfare, Ministry of Agriculture and the National Agricultural Cooperative Marketing Federation of India (NAFED) signed a Memorandum of Understanding (MoU) to boost the initiative promoting millets towards the celebration of the International Year of Millets (IYOM)-2023. About Millets Umbrella term: Millets is a common term to categorize small-seeded […]
In News Recently, the European Union (EU) has given final approval to online safety focused legislation which is an overhaul of the region’s social media and e-commerce rules. Key features of the Digital Services Act Faster removal of content: As part of the overhaul, social media companies will have to add “new procedures for faster […]
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