Daily Current Affairs – 25 March, 2022

In News  Recently, the Reserve Bank of India (RBI) governor inaugurated the Reserve Bank Innovation Hub (RBIH) in Bengaluru which is intended to encourage and nurture financial innovation in a sustainable manner through an institutional set-up. About RBIH It has been set up as a Section 8 company under the Companies Act, 2013 with an […]

In News  The 2021 World Air Quality Report was released, the report presented an overview of the state of global air quality in 2021. About IQAir, a Swiss group that measures air quality levels based on the concentration of Particulate Matter (PM) 2.5. IQAir endeavours to engage, educate, and inspire governments, researchers, Non-Government Organisations, companies, […]

In Context The pure time-preference theory of interest is an economic theory that seeks to explain the phenomenon of interest.  About Pure Time Preference Theory American economist Frank Fetter was the best-known proponent of the pure time-preference theory in the 20th century through his 1904 book The Principles of Economics.  It states that interest arises […]

In News The Polar Science and Cryosphere (PACER) scheme has been approved for continuation during 2021-2026. About Pacer Initiative The Polar Science and Cryosphere Research (PACER) scheme comprises the Antarctic program, Indian Arctic program, Southern Ocean program and Cryosphere and Climate program. Implementation: It is implemented through National Centre for Polar and Ocean Research (NCPOR), […]

In News  Recently ,the Minister of External Affairs of India met his Oman counterpart and discussed growing cooperation in various fields including defence, energy, space and science and technology. Key Highlights of the Meeting The two ministers reviewed cooperation in areas such as politics, economy, energy, investment, science and technology and humanitarian issues.  They focused […]

In News  The Defence Acquisition Council (DAC) cleared the Acceptance of Necessity (AoN) for procurement of a GSAT 7B satellite, along with equipment like Night Sight (image intensifier), 4X4 light vehicles, and Air Defence Fire Control Radar (light). What are the GSAT 7 series satellites? GSAT 7 satellites are advanced satellites developed by the Indian […]

In News A recent report titled “Building Digital Skills for the Changing Workforce” has stated that about 7% of India’s workforce will need digital skills training in the coming years. What are Digital Skills? They are broadly defined as the skills needed to “use digital devices, communication applications, and networks to access and manage information,” […]

In News High levels of lead were found in the blood of thousands of children living around the Kabwe mine in Zambia. About Kabwe Location: Kabwe is located about 150 kilometers north of the country’s capital Lusaka. Kabwe is the capital of the Zambian Central Province. Named Broken Hill until 1966: it was founded when […]

In News Recently, the Centre cleared nine names, including two from Jammu and Kashmir which were earlier reiterated by the Supreme Court collegium. Collegium System in India History: The Collegium of judges is the Supreme Court’s invention.  No mention in the constitution: It does not figure in the Constitution, which says judges of the Supreme […]