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Outcomes of United Nations Biodiversity Conference (COP15)

In News  Recently, The United Nations Biodiversity Conference (COP15) ended in Montreal, Canada with a landmark agreement to guide global action on nature through to 2030.  This conference was the biodiversity equivalent of the more high-profile climate meetings that are held every year. About the Conference  It is chaired by China, hosted by Canada, and […]

INS Vagir and Project 75

In News  The fifth Scorpène submarine, Vagir of Project – 75 Kalvari Class submarines has been delivered to the Indian Navy by Mazagon Dock Shipbuilders Limited (MDL) Mumbai.  The submarine would shortly be commissioned into the Navy and enhance its capability. About Project 75  Project 75 includes the indigenous construction of six submarines of Scorpene […]

Project Cheetah & CAMPA

In News Recently, the Union government said that Funds from Project Tiger as well as the Compensatory Afforestation Fund Management & Planning Authority (CAMPA) were used to finance the project to bring African cheetahs to India. The Centre was asked the details of the cost of transfer and yearly maintenance cost of African Cheetahs.  More […]

Low-value Loans Fuelling NPAs in Education Sector

In Context Recently, the data on Non-Performing Assets (NPAs) in education loans of Public Sector Banks (PSBs) was obtained through the Right to Information Act. The data highlights Loans for premier institutes vs secondary institutes: The data shows that the default rate is much lower for loans disbursed to students in premier institutes as compared […]

Rupee Trade Settlement Mechanism

In News Recently, Sri Lanka has agreed to use the Indian rupee (INR) for international trade. More about the news Indian rupee trade settlement mechanism: The Government of India said it is looking at ways to bring countries that are particularly short of dollars into the ambit of Indian rupee trade settlement mechanism. Sri Lanka’s […]

RBI Gold Bonds

In News The Reserve Bank of India (RBI) has announced the Sovereign Gold Bond Scheme 2022-23 – Series III. What are Gold Bonds? Gold bonds are government securities denominated in grams of gold.  They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed […]

Kunming-Montreal Global Biodiversity Framework

In News  The 15th Conference of Parties (COP15) to the UN Convention on Biological Diversity (CBD) adopted the Kunming-Montreal Global Biodiversity Framework (GBF). About Kunming-Montreal Global Biodiversity Framework The framework has 23 targets that the world needs to achieve by 2030. The targets are ambitious, considering that biodiversity is in a poor state.  In 2020, […]

North-east Insurgency

In News Recently, the Information and Broadcasting Minister said that the insurgency-related violence in the northeast has declined by 80%. About Northeast India (NEI) today comprises eight states of India: Sikkim and the “seven sister states” of Assam, Arunachal Pradesh (ALP), Nagaland, Manipur, Mizoram, Tripura and Meghalaya. NEI is bounded by Tibet Autonomous Region (TAR), […]

Global Minimum Tax

In News Recently, the Members of the European Union agreed in principle to implement a minimum tax of 15% on big businesses. The global corporate minimum tax was approved at the G20 Leaders Summit in Rome in 2021. Background 136 countries had agreed on a plan to redistribute tax rights across jurisdictions and enforce a […]

Carbon Markets

In News Recently, the Parliament passed the Energy Conservation (Amendment) Bill, 2022 on declining the Opposition’s demands to send it for scrutiny to a parliamentary committee and amid concerns expressed by members over carbon markets.  Carbon Markets About: It is a mitigation strategy which is becoming popular with several countries to meet their nationally determined […]