What is it? Inverted duty structure is a situation where import duty on finished goods is low compared to the import duty on raw materials that are used in the production of such finished goods. For example, suppose the tariff …
About ADB The Asian Development Bank (ADB) was founded in 1966 with the primary mission of fostering growth and cooperation among countries in the Asia-Pacific Region. It is headquartered in Manila, Philippines. At present, ADB comprises 68 members (including India)- …
Context: Prime Minister Narendra Modi’s stated resolve to tap the energy of the sun to substantially power the economy and everyday life is to be welcomed, because it could help chart a green deal for the future. He called for …
What is airborne transmission? Airborne transmission is defined as the spread of an infectious agent caused by the dissemination of droplet nuclei (aerosols) that remain infectious when suspended in air over long distances and time. Airborne transmission of SARS-CoV-2 …
About Pradhan Mantri Fasal Bima Yojana (PMFBY) PMFBY launched in 2016, provides a comprehensive insurance cover against crop damage or loss arising out of unforeseen events thus helping in stabilising the income of the farmers and encouraging them for adoption …
Brief history of Hagia Sophia The construction of this iconic structure in Istanbul started in 532 AD during the reign of Justinian I, the ruler of the Byzantine Empire, when the city was known as Constantinople. The structure was originally …
What’s in the news? The Supreme Court recently confirmed that persons suffering from disabilities are also socially backward and entitled to the same benefits of relaxation as Scheduled Caste/Scheduled Tribe candidates in public employment and education. Constitutional provisions for SC/ST …
About Chabahar port Chabahar port, which is being jointly developed by India, Iran and Afghanistan, is located in south Iran on the Gulf of Oman. Pakistan’s Gwadar port is about 70 kilometers to the west along the coast. Afghanistan is …
About CPI It is an index which measures the weighted average of prices of a basket of consumer goods and services such as transportation, food and medical care. It is calculated by measuring price changes for each item in the …
What’s in the news? Development of scientific temper and spirit of enquiry by education is important and right to education is more than a right, said former Chief Justice Dipak Misra while addressing a webinar conducted by the Delhi Metropolitan …