What are development banks? Development banks are financial institutions that provide long-term credit for capital-intensive investments spread over a long period and yielding low rates of return, such as urban infrastructure, mining and heavy industry, and irrigation systems. Such banks …
About NHRC: NHRC of India is an independent statutory body established on 12 October, 1993 as per provisions of Protection of Human Rights Act, 1993, later amended in 2006. It is the watchdog of human rights in the country, i.e. …
What’s in the news? The Coal India Subsidiary-Western Coalfields Ltd (WCL) has launched a surveillance system called WCL EYE for monitoring its mining operations and a mobile application named SAMVAAD to connect with its employees and stakeholders. About SAMVAAD …
What are nucleic acids? Nucleic acid is a naturally occurring chemical compound that is capable of being broken down to yield phosphoric acid, sugars, and a mixture of organic bases (purines and pyrimidines). Nucleic acids are the main information-carrying molecules …
About: World Oceans Day is celebrated across the world on June 8. It is an annual event designed to encourage people to celebrate the oceans and take steps to protect ocean health. Canada first proposed the concept for World Oceans …
Fugitive Economic Offenders Act, 2018 According to the Fugitive Economic Offenders Act, 2018, a fugitive economic offender is an individual who has committed specified economic offences involving an amount of Rs 100 crore or more and has absconded from India …
What’s in the news? The World Bank has released its Global Economic Prospects (GEP) June 2020 report. Highlights of the report The Indian economy is expected to contract by 3.2% in this fiscal year as a result of the …
Background The disputed boundary between India and China, also known as the Line of Actual Control (LAC), is divided into three sectors: viz. Western (Ladakh, Kashmir), middle (Uttarakhand, Himachal) and eastern (Sikkim, Arunachal). The countries disagree on the exact location …
Context: Managing COVID-19 which is unlikely to disappear in the immediate future and ensuring a full complement of health care will require extraordinary resources and investment. This unprecedented crisis has highlighted the critical need to mobilise available resources in the …
About Mission SAGAR: The `Mission Sagar’ Government of India’s initiative to assist island nations in Eastern Indian Ocean amidst the ongoing COVID-19 pandemic. Under the Mission, India has sent Indian Naval Ship Kesari to Maldives, Mauritius, Madagascar, Comoros and Seychelles, …